In the dynamic tapestry of Northern Nevada's economic landscape, 2023 proved to be a year of both triumphs and challenges, as highlighted in the recent State of the Economy address by the Economic Development Authority of Western Nevada (EDAWN). Held at the Peppermill Resort Spa Casino, this annual gathering brought together investors, businesses, and community stakeholders to reflect on the region's progress and chart a course for the future.

Consumer Confidence and Economic Realities

Brian Gordon, principal of the Las Vegas-based economic research firm Applied Analysis, shed light on the intricate interplay between consumer perceptions and economic realities. Despite a robust median household income surpassing $75,000 nationally, Gordon

Our Biggest Little City just got some big national attention. An article recently published on Business Insider named Reno as one of the best real estate markets to make a profit or invest in property over the next 10 years.

The financial and business news website interviewed real estate agents and housing experts, who narrowed down their list to a Top 15. Reno and Las Vegas were the only two cities to represent their state more than once.

Here’s the full list (which was presented in no particular order):

•       Long Island City, New York
•       Kapolei, Hawaii
•       Leland, North Carolina
•       Oakland, California
•       Reno, Nevada
•       Vancouver, British Columbia
•       Austin, Texas
•       Nashville, Tennessee

The most tenured provider of track and trace solutions in the market today is relocating its corporate headquarters to Reno, NV and opening its doors this December.

The office opening in Reno will serve as the company’s main headquarters along with its research and development and back-office operations center. Over the next several years, rfxcel plans to hire up to 200 employees. Their sophisticated technology optimizes supply chain operations with Serialization Software, Regulatory Compliance Management, Supply Chain Visibility Software and Internet of Things (IoT) Environmental Monitoring. Their product also enables products and goods manufactured domestically and abroad to reach consumers without the threat of contamination, adulteration or

Companies looking to relocate are flocking to Northern Nevada - why?

The Reno-Sparks region has become a distribution mecca, due mostly in part to its proximity to I-80. Nancy McCormick is the vice president of business retention, expansion and workforce for the Economic Development Authority of Western Nevada (EDAWN) and they use I-80 as a selling point. According to data from EDAWN, the area has one-day truck service to the Bay Area, Sacramento, Los Angeles, Phoenix, Portland and Boise. Add an extra 24-hours and two-day service is available to Montana, Wyoming, Colorado and New Mexico.

"We have immediate access to port of entry in California and logistically can reach locations in 11 western states within 24 - 48 hours," said McCormick. "It's

The Biggest Little City has averaged more than 10,000 new jobs to the region for the past two years.

Per the EDAWN (Economic Development Authority of Western Nevada) Executive Updates job growth chart, Reno is ahead of the projections for 52,400 new jobs for the five-year period January 2015 – 2019. The unemployment rate has dropped from over 13% five years ago to under 5% as we are approaching full employment.

In a normal market nationwide, typical population growth is about 1% every year and Nevada is almost double that rate. The state was named one of the two fastest growing states in the last year and has attracted several new companies and startups to the community.

There are still a projected 30,000 new jobs to be filled over the years

The Greater Reno-Sparks region has seen a huge influx of business in 2016, with 27 diverse companies calling the Silver State home.

Photo courtesy of EDAWN

The Economic Development Authority of Western Nevada (EDAWN) honored these companies that have relocated to the area, welcoming the newest addition Mishimoto Automotive at EDAWN’s Companies Welcome Reception on December 8. Mishimoto is a manufacturer of after-market cooling systems for automotives. They will be moving into a new facility in Spanish Springs with approximately 53,000 feet of working space.

Two more companies honored at the event were Cam Concept and Alltrade Tools. Cam Concept is providing and developing new systems for trailers and hook-lifts in the waste management

AT&T has fulfilled last year’s promise and brought gigabit-speed internet to Reno.

Launching on November 16, gigabit fiber internet is now offered in parts of Reno, Sparks and the surrounding communities. These one gigabit connections from AT&T’s Fiber network are available to area houses, apartments and small businesses.

Fiber optic speeds can be anywhere from 100 megabits per second to 100 gigabits per second, making them more than 10 times faster than the highest traditional cable speeds. Most cable internet providers offer a maximum of 60 megabits per second, but AT&T will offer 1 gigabit.

When a single home has up to 50 internet-connected devices or appliances, these are all competing for internet bandwidth and require a larger tunnel