Congratulations to the Las Vegas Golden Knights,
Nevada’s professional hockey team, for winning the Pacific Division this past weekend. The Western Conference play-offs begin this Saturday and then off to the Stanley Cup Finals, if they can win the conference. The Golden Knights are just the third team since 1960 to reach the semifinal round in their inaugural NHL/NFL/NBA/MLB season and they began the season with 500-1 odds to win the Stanley Cup. Go Knights!
The EDAWN Foundation and the Washoe County School District (WCSD) announced the winning schools in the 4th Annual Taxi-Top Design Competition. North Valleys High School, Depoali Middle School, and Jesse Hall Elementary School all took 1st place.
Each school received a check for $1,000 that will be used to purchase classroom art supplies. With a record number of entries submitted this year, there are still many wonderful designs available for a taxi-top. If you would like to sponsor one or more, at $1,000 for a year, please contact Tamera Pitts at 775.829.3700. Here are the winners:
North Valley High School Depoali Middle School
Jessie Hall Elementary School
The Union news – Clean energy jobs on rise, growing economy in Northern Nevada and beyond–
Back in 2009, Nevada was on especially shaky terrain – limping among the nation’s 50 states with the lowest employment growth, at minus 7.1 percent. Eight years later, the Silver State has arguably never been more rock-solid. In fact, from 2011 to 2017, Nevada has created more than 250,000 jobs and dropped its unemployment rate to as low as 4 percent. Moreover, in 2017, Nevada had the top employment growth rate in the country, boasting year-over-year job gains at 3.3 percent, according to the U.S. Labor Department. Here is the full article.
Congratulations to the NNBW Top-10 Women Of Exemplary Achievement –
We are especially excited to see that EDAWN’s Nancy McCormick is one of the 10 that will be recognized at the Northern Nevada Business Weekly’s inaugural Sierra Nevada Powerful Women Awards, May 30th from 11:30-1:30pm, at the Atlantis Casino Resort Spa. The event aims to bring the community together to recognize the contribution of the Top-20 Powerful Women to their professions, philanthropy and community. Additionally, the NNBW’s 2018 Editors Choice Top-10 Women Of Exemplary Achievement will be honored. Here is more information.
The EPIC Report with actual numbers updated.
Now, three years into the five year projections of over 52,400 new jobs, we are well ahead of projections as Tesla, Panasonic and Switch continue to ramp up their hiring efforts. Here are the Actual numbers graphs.
There is a housing shortage nationwide.
According to the National Association of Realtors, “Inventory of homes for sale is still well below the 6-month supply needed for a normal market and supply will ‘fail to catch up with demand’ if a ‘sizable’ supply does not enter the market.” Nevada has one of the hottest markets for sellers. This month, the index showed (again) that home buying demand continued to outpace the supply of homes available in January. Here is the article.
Housing remains a concern, but we are making progress:
The chart below shows the number of permits for new housing units (including apartments and condos) pulled in the past few years, compared to the goal of 6,000 per year Note that 12 years ago, in 2005, we were over 6,700 permits. The 6,000 units a year goal just meets the projected demand for housing, so anything short of that adds to the current housing shortage.
EDAWN articles, published in the RGJ, are stored on our website.
Here is the link to the library.
The Business Development team relocated two companies in April for a total of 68 new jobs
and more than $4M in capital expenditures.
- OEMSERV, Headquarters, Manufacturer of dunnage bags, strapping belts, and transport safety equipment, 35 jobs (Sparks)
- (Undisclosed), Distribution, 33 jobs, (Washoe Cty.)
15 new leads and projects were added to the activity pipeline. 7 site visits were hosted.
Stan Thomas attended the Industrial Asset Management Council (IAMC) in early May to meet with a number of site consultants about industrial real estate opportunities for our region.
To contact the Business Development team, please email EVP, Stan Thomas, VP, Chris Ault, Jr.or Program Manager, Norma Yamaji.
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 last Friday’s Fact Pack!
Major Investor of the Week
Warehouse Equipment Solutions, Inc. (dba WESI) – Design, engineer, supply, install and service material handling systems nationwide including pallet racking systems (all types), conveyor systems, shelving systems, mezzanines, waste equipment and dock equipment.