Happy 2019! We’re expecting 2019 to be another exciting year. We will present our annual EDAWN update and provide an update to the EPIC numbers at our State of the Economy luncheon on February 7. Register here. Also, consider joining us at the Alliance Event on January 23rd.
Affordable/Workforce Housing is our region’s top issue. Please fill out the TMRPA’s survey on the issue as there needs to be a business community response to the question of growth and where it should be. Early responses show a strong no change, limit growth, bias. TMRPA is looking to get feedback on four different ways our community might grow in the future.
Congratulations to UNR: University of Nevada, Reno elevated to ‘R1’ Carnegie classification! As a confirmation of its continued drive forward to excellence, the University of Nevada, Reno achieved a research milestone this week – being elevated to an “R1” institution by the Carnegie Classification of Institutions of Higher Education. An R1 designation by Carnegie is reserved for doctoral universities with the highest levels of research activity. For more information, go here.
Your input is needed on the spaghetti bowl upgrades. Of special interest is the proposed option to remove the southbound ramp to the Airport. Lisa Gianoli, chair of the Reno-Tahoe Airport Authority Board, has detailed some of the Airport’s concerns here: RGJ Article and Public Comment RTAA Attachment. Public comment on the Draft Environmental Impact Statement for improvements to the Reno-Sparks Spaghetti Bowl will be accepted until January 15, 2019 via e-mail at email@example.com. We will live with this decision for decades, so please take a minute to provide your input.
The EPIC Report with actual numbers updated. RCG Economics has updated the chart using the most recent census numbers with seasonal adjustments. You can see we are exceeding what many thought was an unrealistic projection of 50,000 new jobs in 5 years and have nearly hit that number in just four years. A new 5 year projection will be announced at the February 7th EDAWN’s State of the Economy. Actual numbers graphs.
Housing remains a serious concern: The chart below shows that we are well off the goal for the number of permits for new housing units (including apartments and condos). As of October, we are almost 2,000 permits short of where we should be for this year. The shortage of new housing continues to drive our housing prices up.
Here is the latest RGJ article:
The most wonderful time of the year – Unless you are homeless. As we hurry through our holiday preparations: buying gifts, sending cards, going to parties, and looking for some well-deserved time off with family and friends, most of us are oblivious to the homeless in our community that have just been here “forever.” Throwing a few coins or dollars into a red kettle gives us some sense of comfort that we are doing our part, but are we? Here is the full article.
EDAWN articles, published in the RGJ, are stored on our website. Here is the link to the library.
Business Development Updates
EDAWN’s 2018 New and Expanded Companies Welcome Reception was held on December 6th recognizing 29 honorees, including a record 11 companies in “technology-related” industries, 15 corporate headquarters and the addition of ~2,100 new jobs to the region. Thank you to the more than 400 guests that attended this annual event. Click here for the list of honored companies.
Shown above: Christopher Dahir (Sparks City Councilmember), Jacky Fan and Achim Gassen (American Dunnage), Mark Hutchison (State of Nevada, Lt. Governor)
The Business Development team had 19 new leads and projects added to the activity pipeline, which surprisingly, accounted for one of the busiest months of the year. This is a strong indicator that 2019 shows little sign of slowing down.
The Business Development team hosted 6 site visits and several new clients are actively evaluating our market with plans to make their relocation decisions in the not too distant future.
To contact the Business Development team, please email EVP, Stan Thomas, VP, Chris Ault, Jr.or Program Manager, Norma Yamaji.
Are you interested in influencing how and where money is spent in the Washoe County School District? Attend one of the upcoming forums to provide your input about District budget. The WCSD Board of Trustees place a high value on this input, and are encouraging students, families, and members of the community at large to participate. For times and dates, go here.
The Stat Pack is a monthly business e-report, co-authored by Mike PeQueen of HighTower Las Vegas and John Restrepo of RCG Economics, with input from Brian Bonnefant of UNR. It combines important metrics relevant to business decision makers and financial commentary on current issues facing the Nevada economy. The Stat Pack features data and dialogue about the Southern and Northern Nevada economies. Here is latest Fact Pack!
Major Investor of the Week
The Reno-Tahoe Airport Authority owns and operates both the Reno-Tahoe International Airport and the Reno-Stead Airport.The Reno-Tahoe International Airport provides commercial, cargo, military and general aviation services and facilities to benefit the region in a safe, convenient, and efficient manner.
Join us for our “State of the Economy in Northern Nevada” Economic Update Luncheon
Mike Kazmierski, EDAWN President & CEO
Jeremy Aguero, Principal, Applied Analysis
Thursday, February 7, 2019
Atlantis Casino Resort – Paradise Ballroom
11:30 am | Check-In
12:00 pm – 1:30 pm | Lunch & Program
Cost: $35 per person
Advance Registration Required
(Tickets will not be sold at the door)