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Steve Anderson RBC Wealth Management EDAWN Board Chair. 2013 New Major Investors. Presidential Gold : Gold : Anthem Blue Cross and Blue Shield Intermountain Electric, Inc. Atlantis Casino Resort Spa NOW Foods Avison Young Pacific States Communications
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Steve Anderson RBC Wealth Management EDAWN Board Chair
2013 New Major Investors Presidential Gold: Gold: Anthem Blue Cross and Blue Shield Intermountain Electric, Inc. Atlantis Casino Resort Spa NOW Foods Avison Young Pacific States Communications Colonial Van & Storage, Inc. RE/MAX Realty Affiliates Grant Thornton LLP Saint Mary’s Health Plans Holland & Hart LLP Tahoe Reno Industrial Center IntelliSource United Federal Credit Union International City Mortgage, Inc.
Stephanie Kruse KPS3 EDAWN Immediate Past Chair
Mike Kazmierski President & CEO EDAWN’s Economic Update January 16, 2014
Agenda Special Announcement EDAWN’s Mission EDAWN’s Progress EDAWN’s Focus Going Forward How Can You Help? 5
Stephen Fookes CEO
What Does EDAWN Do? EffectiveEconomic Development Program - Attracts - Retains / Expand - Grows Quality Jobs! 8
EDAWN’s Focus “Primary” or “Base” Jobs! Majority Of Customers Outside The Region External Customers Add WealthToCommunity Tax Dollars & Wages Of Employees Investments Of Building / Equipment Generates Additional Jobs + Multiplier Effect Quality Jobs ($20.00 Per Hr + Benefits) 90% + Of Jobs Filled By Existing Residents 9
EDAWN’s Goal? To Help Move Nevada To The Right Side Of This Chart! Nevada
Unemployment Affects Us All Cost Of Uninsured (Emergency Care) Impacts On Kids – Insurance & Education Foreclosures- Impacts On Home Values Family and Relationship Breakdown Government Costs Increased Crime Fewer Customers 11
Primary Jobs Mitigate Social Problems Provides Medical Benefits Reduces Dependence On Government Reduces Hunger & Homelessness Reduces Financial Stress Reduces Spousal And Child Abuse Increases Corporate & Individual Giving 12
% Job Losses In Past 65 Years After 5 Years Still Not Back!
Three Legs Of Economic Development Retention / Expansion Attraction Entrepreneurial / Start Up Growth 15
EDAWN's Goals - Attraction Quality Job Attraction Goal: 2,100 Jobs: Target Industries High Growth Companies Headquarters & Capital Investment Aggressive Marketing – Location Advantage Encourage Community Engagement 17
Prospects Visits Per Month More Than Double Since 2011 2011 Ave 4.2
EDAWN Assisted New Jobs 2008-2013 (5 Year Numbers Based On Company Estimate) 2013 Final 3,460 WOW ! 5 Year Average* * 2008 – 2010 Estimate Based On One Year Numbers 20 * 2007 – 2010 Estimate Based On One Year Numbers
Three Legs Of Economic Development Retention / Expansion Attraction Entrepreneurial / Start Up Growth 26
Terry McGinnis PPG Industries Plant Manager Architectural Coatings
EDAWN's Goals –Retention / Expansion Kimmie Candy • This Important ! • Many New Jobs From The Expansion Of Existing Companies • Our High Growth Companies Are Being Courted • Relationships With Existing Industry Provides Opportunities For Attraction
EDAWN's Goals– Retention / Expansion Aggressive Face-to-Face VisitationProgram Solve Existing Company & Industry Problems Advocate To Improve Business Climate Facilitate Business-to-Business Purchasing Drive Sector And Cluster Advancement “Service After The Sale” For New Companies Identify Attraction Opportunities 29
Retention Results / Initiatives • 203 Companies Visited - 77% Growing • 43 % Recent or Planned Growth • 34 % Future Growth • 19 % Stable • 3 % Declining • Major Concerns: • Highly Skilled Employee Shortages • Availability Of Workforce As Unemployment Declines • Availability Of Class “A” Real Estate • Robust Cluster Options – Access To Supply Chain • Potential State Tax Increases On Businesses
Three Legs Of Economic Development Retention / Expansion Attraction Entrepreneurial / Start Up Growth 31
Eric Jennings Pinoccio CTO
EDAWN's Goals – Entrepreneurial Job Creation Work With Partners To Develop And Implement An Entrepreneurial Continuum Assist Partners To Increase Capital Support Partners In Attracting And Retaining Skilled Entrepreneurial Talent Foster Regional Incubation Of Start-Ups Promote Research, Development & Commercialization Efforts At UNR / DRI 33
Why Entrepreneurial Development? Net Job Growth From Startups In First Year Kauffman Report
How Do We Stack-Up ! • Reno Rated6th Overall For Highest Startup Density • Reno One Of Best Cities For Mid-Career Professionals • Nevada Ranked 2nd Nationally As Best Environment for Entrepreneurship • Startup Weekend • 1 Million Cups • TEDx • Girlmade • Sontag • Project Vesto • House of Genius • Entrepreneurs Organization(EO) • Hackathon’s * Statistics: Kauffman Foundation, Richard Florida and Small Business & Entrepreneurship Council .
Our Entrepreneurial Ecosystem Sontag Pitch And Connect 36
Leading Creation of Startups Make / Create
The Potential of Reno ! Start-Up Row Facilitating Mentorship – Summit VMS Grant Funding: Accelerator, Battle Born, Reno Rebuild Events That Encourage Cross-Collaboration Encouraging Startup Activity Downtown
“Biggest Little” Startup Community Reno – The Place For Entrepreneurs With A Life! 39
EDAWN “Product Improvement” • Promoting A VisionFor A Knowledge-Based Economy Embracing UNR As The Economic Engine Of Our Future • 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 / Brand
2013 Was A Very Good Year For Quality Job Attraction, Retention/Expansion & Entrepreneurial Job Creation ! So Where Do We Go In 2014?
2014 Adjustments To Our Plan • More Of The Same For Attraction / Retention • Increased Engagement With Entrepreneurs • Attraction Program Targeting Entrepreneurs • Continued Support Of Smarter Regions Effort • Plan To Capitalize On UAV Testing Designation • Support / Engagement With UNR / DRI Efforts • More Community Support Engagement With EDAWN
Maintain / Improve Business Climate • Keep Business Costs Down • Be Highly Responsive To Employer Needs • Adequately FundEducation & Infrastructure • Work Together – Coordinate/Collaborate • Accelerate Downtown Revitalization • Engage And Support UNR – It’s Our University • Support Local Businesses “Think Local” 45
Invest In EDAWN To Grow The Pie? A. Is Your Marketing Program Designed To Grow Your Business At The Expense Of Others? B. EDAWN's Efforts Market The Entire Community To Grow The Pie So All Benefit C. Support EDAWN’s Branding And Marketing Efforts
Special Thanks To The EDAWN Board,Our InvestorsAnd The EDAWN Staff