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2 California Tech Companies Bringing New Facilities To Reno

RENO, Nev. (AP) — Two California tech companies have announced plans to bring their businesses to Reno.

Local economic development officials say they're perfect examples of the type of firms they're targeting as part the effort to diversify the region's economy.

StemExpress is a Sacramento-based biotech company. PayCertify is a financial tech services company in the San Jose area.

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Combined, they are expected to create more than 200 jobs in Reno over the next few years. PayCertify CEO Chase Hammer says they are moving their headquarters to Reno partly because taxes in California are so high. He says Reno is becoming "the new Silicon Valley."