Resilient Communities An initiative of 1 Mike Kazmierski - - PowerPoint PPT Presentation

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Resilient Communities An initiative of 1 Mike Kazmierski - - PowerPoint PPT Presentation

Nov 18, 2023 129 likes •375 views

Resilient Communities An initiative of 1 Mike Kazmierski President & CEO EDAWNs Economic Update Reno to Racine July 17, 2018 Overview Of Reno Growth THE NEW NEVADA What Is EDAWN Non-Profit That Leads Economic Development

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Resilient Communities

An initiative of

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Mike Kazmierski

President & CEO EDAWN’s Economic Update

Reno to Racine July 17, 2018

Overview Of Reno Growth

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THE NEW NEVADA

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What Is EDAWN

  • Non-Profit That Leads Economic Development

Efforts Of The Region

  • Mission To Attract/Retain & Grow Quality Jobs
  • One Of Nine - State Development Authorities
  • Has a 40+ Member Community Board With

Members From: Local Government, Private Sector, Education Community & Partners

  • 25% Government Funded
  • Involved In The Attraction Of Tesla
  • Engaged In Ensuring Their Success
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Tesla Largest Attraction Deal In 2015 $10 Billion / 10 Million Square Feet 6,500 Jobs / Average Wage Over $25 / Hr $100 Billion In Economic Impact Over 20 Years

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Tesla Update! Going Strong!

  • Will Employ 6,500 People (Targeted For 2018)

And Eventually As Many As 10,000 Employees

  • Nevadans Average 96 Percent Of The

Full-Time Employee Workforce

50,000 100,000 150,000 200,000 250,000

Total Secondary Tesla

  • Model 3 Battery And Drive Unit, Tesla

Powerwall And Powerpack, All In Production At Gigafactory

  • Current Structure Has 5.4M Sq. Ft.

Of Operational Space (29% Complete)

Tesla Employees

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Successes

  • Tesla Has Rebranded Our Community
  • Attraction Of Advanced Manufacturing Easier
  • Job Growth Continues At 4% Rate – 10,000 / Yr
  • Unemployment Continues To Decline 14% to 4%
  • Easier To Attract Talent To The Region
  • Multiplier Effect Increasing Sales Tax at 10% / Yr
  • Reinforced The Effort To Attract Technology
  • Increasing Ave Wages Throughout the Region
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Recent Reno Rankings

  • Business Insider – The Hippest Cities In The US

Everyone Under 30 Wants To Move To (Dec ‘17)

  • CBS This Morning – Betting On Reno (Aug ‘17)
  • Area Development – Reno #1 Mid-size City
  • Bloomberg – Reno Is Starting To Look

More Like The Silicon Valley (June ’17)

  • Outside Magazine – Reno Is One Of

America’s Best 25 Towns (June ‘17)

  • CNBC – Top 100 Best Places To Live
  • National Geographic – Top 10 Ski

Towns (Mar’16)

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Reno - Sparks 2012 - 2018

We’ve Come A Long Way In Six Years!

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500 1,000 1,500 2,000 2,500 3,000 3,500

Actual Assisted Jobs 5 Year Average

EDAWN Assisted New Jobs 2007-2017

Tesla Announcement

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EPIC Projection 50,400 Jobs In 5 Yrs

This Is Not A Bubble !

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Industry Job Count HQ Confidence Relocation State

Distribution 400 Finalist CA Manufacturing 1,000 Finalist CO Manufacturing 150 Finalist CA Manufacturing 150 X Finalist CA Manufacturing 20 X Finalist NY Distribution 800 Finalist PA Datacenter 50 Finalist CA Manufacturing 40 Finalist CA Manufacturing 81 Finalist ? Distribution 252 Finalist ? Manufacturing 50 Finalist INT Manufacturing 125 Finalist WA

Total 3,118 2

It’s Not Slowing Down!

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3 5 7 9 11 13 15

Significant Reduction

Since 2011 14.2% to 3.9% Unemployed From 30,731 To Now Just 9,583 13

Good News Story For Many Unemployed

Full Employment 4.0%

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$30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000

2017 Actual $46,158 2016 Actual $36,434 2018 Goal $53,000

Average Wages Of EDAWN Projects

51% Increase

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Congratulations!

  • Foxconn - Largest Attraction Project In U.S.
  • $10 B For Advanced Manufacturing Campus
  • 20 M Square Foot Facility
  • Flat Screen TV Manufacturing
  • Average Annual Wage Of $53,000
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So What Did we Learn?

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This is A Once In A Lifetime Opportunity

  • Like Nothing You’ve Ever Experienced Before
  • Unexpected 2nd Or 3rd Order Effects
  • Massive Jobs Multiplier Effect – 2.84 !
  • Great New Secondary Job Opportunities
  • May Feel Some Indifference: By The Rest Of The

State: Many Not Actively Engaged; Some Will See This As Your Problem; Some Will Resent Your Success And Visibility

  • Surprising How Difficult It Is To Address Serious

Issues Even After They Reach Crisis Mode

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30-35 Miles 35-40 Miles 45-50 Miles 10-15 Miles 20-25 Miles

Area Of Direct Impact

Reno -Sparks

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Area Of Direct Impact

30 Mile Radius

Racine

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The Top Challenges to Consider

  • 1. Workforce / Development & Attraction
  • Cast A Wide Net - We Are Looking At Sacramento
  • Help / Listen To Legacy Companies
  • Activate K-12 / STEM & Educate Parents
  • Consider All Industries Like Construction
  • Coordinate The Effort – Many Agencies
  • 2. Housing – Expedite & Encourage More Housing
  • Especially Affordable / Workforce
  • This Is A Government Problem
  • Failure To Act Will Cause Many More Problems
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  • 3. Transportation
  • Hot Spots Develop Quickly
  • Major Traffic Congestion Takes Time To Fix
  • Start Planning Now For Transit / HOV
  • 4. Time And Complacency Is Your Enemy
  • This Is Long Term Challenge
  • Key People / Elected Leaders / Team Change
  • Maintain A Coordinated & Committed Effort
  • 5. Business As Usual Mentality
  • Many Will Doubt – Slow To Believe
  • Makes It Hard To Resolve Issues - Resources

The Top Challenges to Consider

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Are You Ready For This ?

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Resilient Communities

An initiative of