By james art 
For a better or better, the largest small town arrived on the world stage.
Just as Las Vegas is a globally recognized entertainment destination, Reno has become a global destination for technology and modern technology production. The role of Tech as a cornerstone of the new Renault economy was only part of the message delivered to more than 1,500 business and civic leaders on Thursday of the annual state of the economic body for economic development in the Tuscany Ball Hall inside Peppermill.
Taylor Adams, President and CEO of Edawn, along with Brian Gordon, director of applied analysis, provided an extensive review of the state of business and industry in northern Nevad 2013, since 2013, since 2013, since 2013, since 2013, from 2013, with another 61 500 expected by 2033), employment and workforce development, housing, industrial construction and more than $ 15 billion for public and private development already planned or underway.
All signs point to an extremely diversified and growing economy that shoots all cylinders.
“Our economy is strong and growing; We are in a great place, “Adams told NNBW in an interview before his presentation. “We are now a global destination for the production of technology that is ready for scale. It started with the companies of the Silicon Valley, which look at the price of real estate in the bay area and then found a way to us. We are now where the technology comes on scale. “
Tesla and Panasonic downloaded the curtains in 2015 with the development of the massive Gigafactory in Industrial Center Tahoe Reno. Followed operators of data centers and recycling of lithium-ion batteries and modern technology production companies.
The opening law is already completed. Now is a time for the average act where the economic development of the region and business leaders have provided the many lessons they have learned in the last decade of the two major businesses that want to plant a flag in the northern Nevad to its way up the road up the road up the road up the road up the road on the way to the north of Nevada, and locals start their way up the road up On the way up the road to the north of Nevada, and the local starters start on their way up the way up the road up the road to the north ladder.
“We know how to do this,” Adams said, “and there are so few places in the world that do it. If companies from all over the world can come here to develop, then we have to take the same lessons for Local business.
Last year, it was the main Edown, added Adams, who landed in North Nevada in August 2023 after spending a decade doing a similar job for the Virginia Beach Economic Development Department. Edawn in 2024 helped attract 22 companies in the region, representing just under $ 3 billion in total investment and creating more than 1900 jobs with an average salary of $ 85,000, Adams said.
Iceberg
“The opportunity that is here is so vast,” Adams said. “I have asked the team to talk to 600 companies a year for the next three years (three times increase). We need to be the group that fully understands what is happening in the business world and grows into an organization that has a finger on the pulse of the region and can provide real -time data at any given time. “
Not everything is about landing the next big name in technology. Northern Nevada’s Healthy Entrepreneurial Development Network is just as important for economic diversification as a billion dollar projects from companies such as Lyten (Lithium-Sulfur how deep the roots of the starter extend in his home community.
“The companies that start and succeed here will always be the most authentic businesses that this region can create – they are for us, of us,” Adams said. “We have an obligation to ensure that part of our economy is healthy.”
Other major focus areas for Edawn in 2025 and then, Adams added, include recruitment of advanced manufacturing companies that are already here (similar to Redwood materials supplying Gigafactory), innovative infrastructure projects that provide The necessary services of new companies without tax existing business and infrastructure and workforce development.
Perhaps the biggest challenge – at least in the short term – is the fact that interest rates will continue to remain stubbornly high, Adams noted. The 10-year-old treasury remains over 4 percent, he said, which can suffocate efforts for economic development, as more investor capital is needed to get projects to get out.
“This really is challenges, as it relates to the accessibility of mortgages, financing large transactions and liquidity – more equity is needed to close transactions and there is limited money to invest in transactions,” he said. “We hope that things continue to stabilize in the DC and we return to the path of reducing the percentage we were last year so that the deals become more accessible.”