Post on 24-Mar-2018
Presidential Gold:
Gold:
Bender Group IQ Technology Solutions Chase International Real Estate Lansing Industries, Inc. Clark & Associates Inc. Reno Engineering Corp Colliers International Savage & Son, Inc. Gilbane Building Company The Abbi Agency HomeGate Realty Reno Warehouse Equipment
Solutions
2014 New Major Investors
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• Special Announcement
• EDAWN's Mission
• EDAWN's Progress
• EDAWN’s Focus Going Forward
• How Can You Help?
Agenda
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Anthony Foti Executive Vice President
North America's leading manufacturer of metal hose and expansion joints
Hose Master: 30 Jobs; $1.5M
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Hose Master – Team Effort • Thanks:
• NAI Alliance: Michael Hoeck • OnTrac: Chris Reed • City Of Sparks: Armando Ornelas • UNR–Environmental John Handzo • NVIE: Rhea Gustafson • Job Connect John Parel • NV Energy Jeff Brigger • TMCC: Jim New • Indcor: Brandon Page • ITS Logistics Mike Crawford
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What Does EDAWN Do? Effective Economic
Development Program
- Attracts - Retains / Expand - Grows
Quality Jobs! 8
Three Legs Of Economic Development
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Entrepreneurial / Startup Growth
Retention / Expansion Attraction
• Majority Of Customers Outside The Region • External Customers Add Wealth To Community
1. Tax Dollars & Wages Of Employees 2. Investments Of Building / Equipment 3. Generates Additional Jobs + Multiplier Effect 4. Quality Jobs ($20.00 Per Hr + Benefits) 5. 90% + Of Jobs Filled By Existing Residents
EDAWN’s Focus “Primary” or “Direct” Jobs!
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EDAWN Assisted New Jobs 2008-2014 (5 Year Numbers Based On Company Estimate)
13 * 2007 – 2010 Estimate Based On One Year Numbers
0
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
4,000
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5 Year Average
2014 Final 4,179 (Includes Year 1 Tesla, 700)
WOW !
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1554% Reduction Since 2011 14.2% to 6.4% Unemployed Now 14,332
2002-2008 State Average 5.15%
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Our Unemployment Rate Improving!
Job Attraction Travel In 2014 Jan CA Company Visits
Feb CA Site Consultants & Co Visits
Mar Dallas Site Consultants & Co Visits
Apr NC Site Consultants & Asset Mgrs
Aug Salt Lake City Site Consultants
Sep Chicago Site Consultants & Co Visits
Oct New York City Site Consultants
Nov Las Vegas International Trade Conference
Dec Tampa, FL Site Consultants
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2014 Assisted Projects Industry Company Jobs From HQ
Manufacturing Advanced Refining 12 NV Distribution Anixter 8 NV Manufacturing Ashima Devices 100 CA Yes Manufacturing Beaverfit USA 25 UK Yes Manufacturing Cenntro Automotive 300 NJ Yes Service Clear Capital 400 CA Yes Manufacturing Cuco, LLC 15 CA Yes Service CustomInk 261 NV Manufacturing Eaton's B-Line Business 49 NV Manufacturing Flirtey 4 AUS Yes Manufacturing Fulcrum Sierra Biofuels 30 CA Service Gensano 2 NV
2014 Assisted Projects Industry Company Jobs From HQ
Service Ghost Systems 150 NV Yes Manufacturing Harris Welding Supply 50 CA
Distribution Independent Salon Services 10 CA Yes
Manufacturing James Hardie Building Products 9 NV
Distribution Orest Express 30 IL Distribution Petco 150 CA Manufacturing Real Spirit 50 CA Yes Manufacturing Rubber Enterprises 21 NV Yes Manufacturing Stitch N Print 40 GA Manufacturing Tecno Displays 30 CA Yes Manufacturing Tesla (Year One) 700 CA
2014 Assisted Projects Industry Company Jobs From HQ
Service Whisper Jet 18 CA Distribution To Be Announced 120 FL Service White Rabbit 25 CA Yes Distribution Zulily 1,000 NV Manufacturing To Be Announced 30 CA Manufacturer To Be Announced 30 OH Manufacturing To Be Announced 25 OH Manufacturing To Be Announced 15 TN Manufacturing To Be Announced 300 NJ Yes Distribution To Be Announced 20 PA Manufacturing To Be Announced 150 IN Totals = 34 27 New / 7 Expansions 4,179 13
Types Of Companies Assisted in 2014
Distribution 21%
Service 17%
Distribution Manufacturing Service
Manufacturing 62%
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Corporate Headquarters! • Jobs Are Quality Jobs: Higher Average Wage
• Help To Positively Brand Our Region: Meetings, Clients, & Identify Reno- Sparks As Their Home
• HQs Bring Corporate Philanthropy And Engagement: They Get Involved To Make Community Even Better
• HQs Bring More Economic Impact Growth Likely To Occur Here & May Encourage Others Like Their Suppliers To Operate Or Relocate Here
02468
101214
2011 2012 2013 2014
Headquarters
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Tesla: Wow!
More Than Jobs Puts Us on The Radar:
Manufacturing Business
Entrepreneurs Creative Class
Research & Development Investors . . .
The Largest Deal In The U.S. In 2014
Changes Our Brand Overnight
Prospects! (Very Likely) Industry Job Count HQ Confidence
Relocation State
Distribution 120 X Very Likely NY Manufacturing 100 Very Likely TAIWAN Data Center 400 + Switch NV - Expansion Manufacturing 100 Very Likely CA/TX Service 200 Very Likely CA Manufacturing 350 X Very Likely WA
Totals 1,270 2 Very Likely Means They Have Indicated They Have Selected Us Or Are In The Process Of Acquiring Real Estate
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Industry Job Count HQ Confidence Relocation
State Service 500 Finalist OH
Manufacturing 1,000 Top Two IL Distribution 800 Top Two PA
Manufacturing 500 Finalist Europe Distribution 50 Finalist MN Data Center 80 Finalist TX
Manufacturing 500 Finalist NJ 3,430
Hot Prospects! (Probable)
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Three Legs Of Economic Development
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Entrepreneurial / Startup Growth
Retention / Expansion Attraction
Components to BR&E Program • Connect With Resources & Each Other
• Grow Jobs/Revenue/Visibility
• Fix Problems/Eliminate Roadblocks
• Retain/Recognize
• Support
• Think Local
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• Company Visits – 184 • Growing 84 • Future Growth 68 • Flat 29 • Declining 3
• Seven Assisted Expansions = 1,340 New Jobs • Business To Business Connections Made = 36 • Two Industry Sector Councils • 53 Companies In Existing Industry Awards • Issues Addressed = 25
Retention Results / Initiatives
83% Growing
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• Availability Of Specialized Workforce Resources - Machinists, Engineers, Industrial Mechanics, - Construction Trades, CDL Drivers, - Software Developers - Senior Management-Multiple Areas
• Employee Retention And Prospective Wage Increases Due To Increased Employee Demand • Noise Concerns For Advanced Manufacturers • Speed / Support Of Government • STEM Education, CTE, National Career Readiness • Water Rights And Regulations
Major Concerns
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Three Legs Of Economic Development
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Entrepreneurial / Startup Growth
Retention / Expansion Attraction
Entrepreneurial Development Strategy
• Communicate: Highlight Reno’s Strengths As A Place For “Entrepreneurs With A Life”
• Catalyze: Engage Entrepreneurs To Lead Programs & Community Initiatives
• Connect: Facilitate The Connection Between Organizations, Entrepreneurs And Resources (Funding, Mentorship, Customers)
• Showcase: Highlight Our Startups & Entrepreneurs To Bring Visibility, Encouragement & Community Support
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Entrepreneurial Development Success!
Reno, NV (DEC. 15, 2014) Next City will host its sixth annual Vanguard conference in Reno, NV. Vanguard is an annual experiential urban leadership conference. IEDC
Award!
Entrepreneur.com on NBCNews.com
3 Alternative Tech Startup Cities With Less Traffic, More Housing (Infographic)
Three Western locales previously considered vacation destinations are now alternatives to Silicon Valley life at a much more affordable price.
3 Alternative Tech Startup Cities Three Western locales previously considered vacation destinations are now alternatives to Silicon Valley life at a much more affordable price.
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Entrepreneurial Growth & Jobs Summit VMS Program
• Over 35+ Mentors (Angel Investors, CEOs, Executives)
• 14 Ventures – Actively Hiring Employees & Doubling Revenues
In 2014 The Reno Accelerator Fund Invested $200k Seed Funding In 8 Startup Companies
• To Hire Employees And Expand • Will Invest $200k in 2015
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• InNEVation Center • Off Campus Center For
Innovation & Entrepreneurship; Enables UNR To Interact / Collaborate With Residents
• Startup Deck • Launch At Global Innovation
Summit – Reno Recognized For Innovative Ecosystem
• 52 Card Playing Deck With Entrepreneurial Resources, Places, People, Etc.
Reno is a Startup City
EDAWN “Product Improvement”
• Attract Business / Employers To Downtown • Working With Partners To Establish “A Place”
For Entrepreneurs Downtown • Work With Partners On Air Service • Promote A Business And Quality Of
Life Message To improve Our Image
• Promoting A Vision For A Knowledge-Based Economy Embracing UNR As The Economic Engine Of Our Future
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Diversified Business Marketing Campaign
Kids “Design A Taxi-Top
Campaign” WCSD To Submit
Entries Winning Schools Get $1,000 And A
Taxi-Top
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2014 Was A Great Year! The Best Year Ever For Job Attraction - Plus Tesla But Are We Ready For Unprecedented Growth? Can We Handle The Equivalent Of Three Tesla’s In Just 5 Years?
So Where Do We Go In 2015?
Growth Can Be Scary!
Tesla Only Part Of The Growth! Tesla
Primary Tesla
Secondary EDAWN Primary
EDAWN Secondary
Total Jobs
2013 0 0 3,460 4,360 7,820 2014 0 0 3,479 4,384 7,863 2015 700 1,148 4,000 5,040 10,888 2016 1,000 1,640 3,500 4,410 10,550 2017 3,000 4,920 3,000 3,780 14,700 2018 1,800 2,952 2,500 3,150 10,402 2019 0 0 2,000 2,520 4,520
5 Year Total 6,500 10,660 15,000 18,900 51,060
17,160 40
Our Growth Before The Recession
150,000
170,000
190,000
210,000
230,000
250,000
2.2% Growth
2014 Growth At 3.35% Without Tesla and With Many New Jobs Yet To Be Filled
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Explosive Growth Is Coming!
150,000
170,000
190,000
210,000
230,000
250,000Tesla Job GrowthEDAWN Job GrowthHistoric Employment
2.2% Growth
4.9% Growth
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Economic Planning Indicators Committee
• EPIC - To Identify Key Regional Impacts of Projected Rapid Growth (To Get Out In Front)
• Commissioned An Economic Impact Study Expert
• Key Partners And Government Agencies
• Speak With One Voice As To The Numbers / Impacts
• Provide A Coordinated And Realistic Assessment of The Impact For Planning And Legislative Use
• Complete By Mar 1st
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Time To Update Our Strategic Plan
• Regional Economic Plan Update • Look At Modifications Not A Re-do • Resource Shift To Mid-Term Economic Needs • Will Include Community / Partner Input Jan / Mar • Community Sessions: Jan 27th 8 AM Or 4:30 PM
@ TMCC (Meadowood Campus) 5270 Neil Rd • Final Update Release April
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2015 Strategic Plan Adjustments • More Of The Same For Attraction / Retention • Adjust Attraction Focus On Higher Paying Jobs • Work To Capitalize On Tesla / Switch Impacts • New Emphasis on Adv. Manufacturing Clusters • Increased Mentoring For Entrepreneurs • Attract Entrepreneurs / Talent To The Region • Workforce Dev. From A
“Component Of” To A Stand-Alone “Must Do”
Updated Economic Development Stool
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Retention / Expansion Attraction
Entrepreneurial / Startup Growth
Community Development
Workforce Development
Workforce Efforts FY15 – FY17 (New) • Identify Near- And Long-Term Workforce Needs • Assist In Attracting Workforce To The Region • Facilitate Development Of Training Programs For
Existing Workforce • Advocate Funding Increase To Train Workforce • Improve Connection Of Existing Primary
Employers With Education – Increase Internships • Continue To Rebrand Region - Earned Media
To Be More Attractive To Talent & Creative Class
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Community Development FY 15 – FY 17
• Lead The Region’s Efforts To Plan For and Accommodate Growth (EPIC)
• Encourage / Facilitate The Redevelopment Of The Downtown And The Connection To UNR
• Attract Companies And Entrepreneurs To The Downtown
• Work With Partners To Improve Air Service • Improve The Region’s Fiber Connectivity • Plan For Long Term Industrial Land Needs
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0%
10%
20%
30%
40%
Attraction Retention &Expansion
EntrepreneurialDevelopment
CommunityDevelopment
WorkforceDevelopment
Current 2015 - 2017
EDAWN Resource Focus A Shift But Not A Reduction
Attraction $500,000 in 2012 & $650,000 in 2015
1. Maintain A Positive Business Climate And Responsive Government
2. Believe, Celebrate And Prepare For Growth 3. Adequately Fund Education & Infrastructure 4. Work Together – Coordinate / Collaborate 5. Support Downtown Revitalization 6. Engage And Support UNR – It’s Our University 7. Be A Cheerleader (Economic Developer)!
How Can You Help?
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Regional Public / Private Partners City of Reno UNR State Offices
City of Sparks TMCC Nevada JobConnect
City of Fernley DRI Nevadaworks
Washoe County The Chamber NNDA
Storey County WNDD NV Energy Washoe County School District NCET Reno-Tahoe
Airport Authority GOED RTC Renegades DETR RSCVA Many Others !
54 Special Thanks To Our Elected Officials Who Have Supported Our Economic Development Efforts!