Embracing Growth Mike Kazmierski President & CEO EDAWN February 1, 2017 1
So Is Growth Good Or Bad?
Nevada Climbs From Last Place to First in Job Creation Gallup's 2016 Job Creation Index Economy January 26, 2017 WASHINGTON, D.C. -- Nevada led the way as the U.S. MENU showed strong job growth in 2016, scoring highest among all states in the rise to the top spot completed a six-year climb for Nevada, which ranked last among the states in 2010.
Average Prospect Visits Per Month (Goal 8-10 per month) 9 2016 9.6 6 3 0 2011 4.2 Tesla Announcement
EDAWN Jobs Assisted 3200 3000 2800 2600 2400 2200 2000 1800 1600 1400 1200 1000 800 600 400 200 0 2008/11 Ave FY 2011/12 FY 2012/13 2017 Goal 3,200 FY 2015 Goal-2,400 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2016 2015 2014 2013 2012 2008-11
TESLA - More Than Jobs: Puts Us on The Radar For: Manufacturing, Business, Entrepreneurs, Creative Class, Research & Development, Investors..
In 2017, Panasonic, will be hiring between 2,000 3,000 employees for its battery mfg. operations for Tesla at the Gigafactory. Many of these positions will be filled as early as January!
Pending Announcements Industry Job Count HQ Confidence Relocation State Back Office 120 Very Likely NE Distribution 40 Very Likely FL Distribution 135 X Very Likely CA Manufacturing 117 X Very Likely CA Manufacturing 150 Very Likely WI Services 100 X Very Likely CA E-Commerce 300 Very Likely CA Manufacturing 300 Very Likely GA Distribution 100 Very Likely CA Total 1,362 3
Hot Prospects! Industry Job Count HQ Confidence Relocation State Manufacturing 70 Finalist MI Service 200 Finalist CA Manufacturing 50 X Finalist CA Manufacturing 292 Finalist OH Manufacturing 1,000 Finalist CO Manufacturing 100 Finalist TAIWAN Distribution 1,500 Finalist GA Manufacturing 30 X Finalist SWEDEN Manufacturing 400 Finalist MI Distribution 20 X Finalist CA Distribution 15 Finalist PA Manufacturing 150 X Finalist CA Total 3,827 4
Entrepreneurial Successes In 2016 121 NEW Startup Jobs 67 NEW Companies $9.8 M In NEW Funding Reno Being Recognized As A Unique Start-Up Town And An Alternative to the Bay Area
Entrepreneurial Success - Capital 25 20 Capital Raised By Local Start- Ups in $ Millions 15 10 5 0 2012 2013 2014 2015 2016 2017 YTD Capital Is The Rain That Spurs On Growth
This is not a bubble! EPIC Projection 5,400 Jobs In 5 Yrs
We re Going Up! Growth Continues! 260,000 240,000 220,000 200,000 180,000 160,000 Tesla Job Growth EDAWN Primary Jobs Historic Employment Rapid Growth 2.2% 4.3% Projected Growth DETR LAUS Employment Data Reno/Sparks MSA 13
Is It Time To Manage, Slow or Stop Growing? I Have Been Asked To Slow Down Growth Managed Growth Seems To Be A New Concept, Yet It Is Not Defined Many No Growthers Are Rising Up To Defend The Old Reno-Sparks Efforts To Make Our Community Better, Tear Down Old Hotels, Expand or Invest Are Being Met With Resistance, Especially Downtown How About Preparing For Growth?
Growth Concerns Manageable? 1. Water Concern 2. Flood Control Concern 3. Government Staffing Concern 4. College Of Engineering Concern 5. Downtown Revitalization Concern 6. Transportation Infrastructure Concern 7. Funding For Workforce Training Concern 8. Concern
Growth Challenges To Be Addressed School Infrastructure Funding 1. Housing Especially Affordable 2. Workforce / Talent Attraction 3. Brand or Image WC-1 The New Reno / Sparks
*National Association of Home Builders / UNR Center for Regional Studies Challenge # 1 Affordable Housing Median Home Price Vs Affordability 350 300 250 200 150 100 Median Home Price Home Prices Doubled in 4 Years But Leveling Off! 1% last Year! Declining Opportunity 50 0 Housing Opportunity Index*
Rental Units May Be As Bad? Median Income For Rental Housing $37,642 @ 28% $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 3/2 Rental Average Rent 1/1 Rental Johnson Perkins Griffin, LLC Apartment Survey 3 rd Qr. 2016 Data Reno/Sparks Metro
New Jobs Versus New Housing Units Housing New Housing Units New Jobs Jobs 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0.82 Housing to One Job Average (1997-2006)* Jobs Housing 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 *Does Not Include 2002 A Negative Jobs Year
New Jobs Versus New Housing Units Housing 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 New Housing Units New Jobs Dramatic Divergence From.82 Housing to One Job - To.33 to 1 Recently Gap! Jobs 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0
55,000 45,000 35,000 Cumulative Housing Units Shortfall 20,000 Gap by 2020 New Housing Units New Jobs.8 Housing / Job Cumulative Projected Housing Shortfall 20,000 By 2020! Gap 25,000 15,000 5,000-5,000 Housing* * Assumes New Housing Growth At 25% Per Yr
Challenge # 2 Workforce 15 13 11 9 Significant Reduction Since 2011 14.2% to 4.2% Unemployed From 30,731 To Now Just 9,915 7 5 3 Full Employment 4.0% 22
Smart Growth Not No Growth! Smart Growth is not a single tool, but a set of cohesive urban and regional planning principles It provides choices using comprehensive planning to guide, design, develop, manage, revitalize, and build inclusive communities Equitably distribute the costs & benefits of development, considering short- and long-term time scale Create and/or enhance economic value
Core Principles Of Smart Growth Include: Efficient use of land and infrastructure A greater mix of uses and housing choices Neighborhoods and communities focused around human-scale, mixed-use centers A balanced, multi-modal transportation system providing increased transportation choice Vibrant city center life Regional view of community, economy and ecological sustainability Local, state, and federal policies and programs that support urban investment
Hang On To Your Hat With Your Help 2017 Will Be An Exciting Year