City of Sparks Update Mike Kazmierski, President and CEO October 23, 2017
What Does EDAWN Do? An Effective Economic Development Program - Attracts - Retains / Expands -Grows Quality Jobs! 2
Updated Economic Development Stool Workforce Development Attraction Retention / Expansion Community Development Entrepreneurial / Startup Growth 3
Average Prospect Visits Per Month (Goal 8-10 per month) 9 2016 9.6 6 3 2011 4.2 Tesla Announcement 0
Jobs Announced 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 FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY2017-2018 2018 Goal 2,500 FY 2015 Goal-2,400 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 201 7 2016 2015 2014 2013 2012 2008-11
Hot Prospects! Industry Job Count HQ Confidence Relocation State Back Office 300 Finalist INTL Manufacturing 828 Finalist INTL Manufacturing 150 X Finalist CA Manufacturing 150 Finalist CA Manufacturing 1,000 Finalist CO Manufacturing 500 X Finalist CA Service 100 Finalist CA Manufacturing 150 Finalist CA Manufacturing 150 X Finalist CA Total 3,328 3
Our Focus On Manufacturing - Paying Off! 2012 Vision: To Become The Advanced Manufacturing Hub Of The West!
141 Companies Located FY 2012-2016 Sparks 14% Washoe County 7% Reno 59% Storey County 20%
2012 / 2016 Sparks Projects Industry Company Jobs From Manufacturing Cam-Concept 10 INT Logistics ITS Logistics 55 NV Manufacturing Revision Brewing 45 CA Manufacturing Hose Master 30 OH Manufacturing Indy Hanger 20 IN Manufacturing NOW Foods 47 IL Manufacturing Cenntro Automotive Co 300 NJ Manufacturing Eco Windows LLC 17 NV Distribution Orest Express 30 IL Distribution SanMar Corporation 90 NV Manufacturing Tecno Displays 30 CA
2012 / 2016 Sparks Projects Industry Company Jobs From Manufacturing Mechman Alternators 15 TN Support Services Cashman Equipment 15 NV Manufacturing Havelock Wool 15 NZ Manufacturing HC Companies 150 OH Distribution South/Win 20 NC Logistics Alfa Aesar 15 MA Manufacturing NeoMedical 12 CA Dist/Logistics Allergy Be Gone 15 NY Dist/Logistics Walkenhorst s 217 CA
We re Going Up! Growth Continues! 260,000 240,000 Tesla Job Growth EDAWN Primary Jobs Historic Employment 4.3% Projected Growth 220,000 Rapid Growth 2.2% 200,000 180,000 160,000 DETR LAUS Employment Data Reno/Sparks MSA 11
Washoe County Taxable Sales Millions $8,000 $7,000 $6,000 $5,000 4.4% Over 20 Years 10 % Over 5 Years $4,000 $3,000 $2,000 $1,000 $0 Column1
Workforce Availability A Challenge 15 13 11 Significant Reduction Since 2011 14.2% to 3.9% Unemployed From 30,731 To Now Just 9,214 9 7 5 Full Employment 4.0% 3 13
BR&E And WF Results 174 Company Visits = 81% Are Growing 3 Assisted Expansions = 89 Jobs 36 Business To Business Connections 3 Industry Sector Councils 12 Meetings 53 Companies Recognized @ Industry Awards 8 Critical Issues Addressed 129 Total Education and Internship Connections 400 Educator Meetings / Tours With Industry 14
Workforce Development Activities Connection 6 WCSD Industry Tours Facilitate Other Industry / Education Links Workforce Consortium Western Manufacturing Alliance Key Partners
Workforce Development Activities Attraction UNR Alumni Mag Burning Man Billboards Society of Women Engineers WCSD Info Graphic Rethink Reno Pandora Ads
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
Example Companies We Help Attracted Organic 1 9
Community Development Initiatives EPIC Report Funding For School Infrastructure WC-1 Downtown Revitalization Start-Up Row Arts and Culture Art Map; Business & Arts Housing Crisis Developers Workshop Regional Trails Planning Regional Industrial Park (Reno-Sparks) Effluent Water Issue Leo Drozdoff Traffic Issues On I-80 (Exploring Options)
Route From The North? Golden Eagle to USA Parkway (~13 miles) Hungry Valley Connector (~5.5 miles) Wood Rogers Working on Mapping
This is not a bubble! EPIC Projection 52,400 Jobs In 5 Yrs
Regional Public / Private Partners City of Reno UNR State Offices City of Sparks TMCC / WNC 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 Investors DETR RSCVA Many Others! 23
Request City Of Sparks Retain Funding Support For EDAWN At Current Level Questions? 24