NNIC has fast-tracked building permits and a development agreement approved with Lyon County. The site benefits from no corporate, personal, or unitary tax and is a fully entitled, master-planned development. Phase I is an industrial area of over 1100 developable acres to accommodate up to eight million square feet. The site is zoned as PUD, Pre-Approved Commercial and Industrial Uses, and has water, sewer, and gas utilities. NNIC provides features to support a range of industries. Data centers benefit from the many large, remote locations that are available. Manufacturers can rely on the location, workforce, and connectivity for a more profitable business. Distribution and logistics companies are provided with a solid transportation backbone that connects NNIC to the nation and the world. NNIC has been designated as an Opportunity Zone.
Opportunity Zones are a new community development program established by Congress to encourage long-term investments in low-income urban and rural communities nationwide. The program offers three main tax incentives for investing in low-income communities: temporary deferral, stepped-up basis, and permanent exclusion. The property is priced far below comparable land in the area.