EDAWN

Report
Steve Anderson
RBC Wealth Management
EDAWN Board Chair
2013 New Major Investors
Presidential Gold:
Gold:
Anthem Blue Cross and Blue Shield
Atlantis Casino Resort Spa
Avison Young
Colonial Van & Storage, Inc.
Grant Thornton LLP
Holland & Hart LLP
IntelliSource
International City Mortgage, Inc.
Intermountain Electric, Inc.
NOW Foods
Pacific States Communications
RE/MAX Realty Affiliates
Saint Mary’s Health Plans
Tahoe Reno Industrial Center
United Federal Credit Union
Stephanie Kruse
KPS3
EDAWN Immediate Past Chair
Mike Kazmierski
President & CEO
EDAWN’s Economic Update
January 16, 2014
Agenda
• Special Announcement
• EDAWN’s Mission
• EDAWN’s Progress
• EDAWN’s Focus Going Forward
• How Can You Help?
5
Stephen Fookes
CEO
Who Are Our Customers?
What Does EDAWN Do?
Effective Economic
Development Program
- Attracts
- Retains / Expand
- Grows
Quality Jobs!
8
EDAWN’s Focus
“Primary” or “Base” Jobs!
Majority Of Customers Outside The Region
External Customers Add Wealth To Community
1. Tax Dollars & Wages Of Employees
2. Investments Of Building / Equipment
3. Generates Additional Jobs + Multiplier Effect
4. Quality Jobs ($20.00 Per Hr + Benefits)
5. 90% + Of Jobs Filled By Existing Residents
9
EDAWN’s Goal?
To Help Move Nevada To The
Right Side Of This Chart!
Nevada
Unemployment Affects Us All
• Cost Of Uninsured (Emergency Care)
• Impacts On Kids – Insurance & Education
• Foreclosures - Impacts On Home Values
• Family and Relationship Breakdown
• Government Costs
• Increased Crime
• Fewer Customers
11
Primary Jobs Mitigate Social Problems
• Provides Medical Benefits
• Reduces Dependence On Government
• Reduces Hunger & Homelessness
• Reduces Financial Stress
• Reduces Spousal And Child Abuse
• Increases Corporate & Individual Giving
12
% Job Losses In Past 65 Years
After 5 Years
Still Not Back!
Our Unemployment Rate Improving!
15
14
13
42% Reduction Over Three
Years 14.2% to 8.2%
Unemployed Now 18,014
12
11
10
9
8
7
6
5
2002-2008 State Average 5.15%
Three Legs Of Economic Development
Retention /
Expansion
Attraction
Entrepreneurial /
Start Up Growth
15
So How Is
EDAWN
Doing At
Quality Job
Attraction?
16
EDAWN's Goals - Attraction
•Quality Job Attraction Goal: 2,100 Jobs:
• Target Industries
• High Growth Companies
• Headquarters & Capital Investment
• Aggressive Marketing – Location Advantage
• Encourage Community Engagement
17
Job Attraction Travel Calendar 2013
Jan
Sacramento, California
Companies
Feb
Dallas, Texas
Site Consultants / Companies
Mar
Arizona
Site Consultants
Mar
SC / IAMC Conference
Site Consultants / Companies
Apr
Bay Area California/ Don Flor HQ’s & Manufacturing Co
May
Atlanta, Georgia
Site Consultants / Companies
Jun
Chicago, Illinois
E Commerce Show
Aug
New York/ New Jersey
Site Consultants
Aug
Utah/ W-100 Conference
Site Consultants
Sep
Utah/ IAMC Conference
Site Consultants / Companies
Oct
Chicago, Illinois
Site Consultants / Companies
Nov
Southern California/ Don Flor Companies- Manufacturing
Prospects Visits Per Month
More Than Double Since 2011
14
2013 Ave 9.8
12
2012 Ave 7.8
10
8
6
4
2
0
2011 Ave 4.2
EDAWN Assisted New Jobs 2008-2013
(5 Year Numbers Based On Company Estimate)
3,500
3,000
2013 Final 3,460
2,500
2,000
5 Year
Average*
WOW !
1,500
1,000
500
0
* 2008 – 2010 Estimate Based On One Year Numbers
* 2007 – 2010 Estimate Based On One Year Numbers
20
2013 Assisted Projects
Company
Jobs
Industry
State
HQ
1. Valley Tech/Rock Hill Propulsion
5
Aerospace/Aviation/Defense
CA
X
130
Back Office/Business Support
CA
40
Back Office/Business Support
CA
400
Back Office/Business Support
CA
5. 4506-Transcripts.com
41
Back Office/Business Support
CA
X
6. Zuvo Water LLC
25
Manufacturing
CA
X
350
Manufacturing
CA
8. King of the West Entertainment
70
Entertainment
CA
X
9. First Tracks Media (Xplorit)
25
Back Office/Business Support
CA
X
10. One World Science
22
Back Office/Business Support
CA
X
11. Innovative Drive
12
Technology
CA
12. “To Be Announced”
20
Distribution
CA
13. Purfoods
20
Dist / Logistics / E-Commerce
IA
14. Wasco Products
20
Manufacturing
ME
2. Blackhawk Network
3. Coupa
4. Great Call
7. Ole
2013 Assisted Projects
Jobs
Industry
Relocation
State
70
Software
TN
16. Meyers Industries
150
Manufacturing
OH
17. Ardagh Group
140
Manufacturing
PA
18. Schwabe Pharmaceuticals
50
Dist/Logistics/eCommerce
WI
19. Havelock Wool
15
Manufacturing
New Zealand
X
20. Kings Valley Clay
25
Manufacturing
BC
X
21. Lincoln Electric Cutting
25
Manufacturing
NV
X
22. Swank Accessories
120
Distribution
NV
23. “To Be Announced”
20
Manufacturing
NC
24. “To Be Announced”
175
Flexographic Printer
MA
25. “To Be Announced”
50
Manufacturing
MD
Company
15. Video Game Technologies
H
Q
2013 Assisted Projects
Company
26. “To Be Announced”
27. “To Be Announced”
28. Sierra Packaging
29. PPG
30. Hamilton
31. Performance Pipe
32. Scougal
33. ebay Enterprise
34. Cashman Equipment
35. Intellisource
36. Pacific Cheese
37. Veka
38. SK Foods
39. Eco Windows
Total
Jobs
Industry
Relocation
State
90
1,006
32
15
6
9
12
36
15
50
32
25
100
12
Distribution
Expansion
Distribution/e-Commerce
Expansion
Manufacturing
Expansion
Distribution/e-Commerce
Expansion
Manufacturing
Expansion
Manufacturing
Expansion
Manufacturing
Expansion
Distributions/e-Commerce
Expansion
Distribution
Expansion
Back Office
Expansion
Manufacturing
Expansion
Manufacturing
Expansion
Manufacturing
Expansion
Manufacturing
Expansion
3,460
HQ
9
Types Of Companies Assisted in 2013
Distribution
Manufacturing
Technology
5%
Back Office
18%
Other
8%
Back Office
Technology
Distribution
23%
Manufacturing
46%
Other
Hot Prospects – Very Likely!
Industry
Manufacturing
Manufacturing
Manufacturing
Manufacturing
Manufacturing
Manufacturing
Manufacturing
Distribution
Distribution
Distribution
BackOffice
Software
E-Commerce
Call Center
Recycling
Low Job Count
350
150
80
70
50
40
30
450
15
6
600
20
400
30
20
2,311
HQ
X
X
X
3
Relocation State
NY
CA
Taiwan
CA
MD
IN
CA
CA
TN
CA
CA
CA
CA
NV
MA
Three Legs Of Economic Development
Attraction
Entrepreneurial /
Start Up Growth
Retention /
Expansion
26
Terry McGinnis
PPG Industries
Plant Manager
Architectural Coatings
EDAWN's Goals –Retention / Expansion
•This Important !
• Many New Jobs From
Kimmie Candy
The Expansion Of
Existing Companies
• Our High Growth
Companies Are Being
Courted
•Relationships With Existing Industry Provides
Opportunities For Attraction
28
EDAWN's Goals – Retention / Expansion
• Aggressive Face-to-Face Visitation Program
• Solve Existing Company & Industry Problems
• Advocate To Improve Business Climate
• Facilitate Business-to-Business Purchasing
• Drive Sector And Cluster Advancement
• “Service After The Sale” For New Companies
• Identify Attraction Opportunities
29
Retention Results / Initiatives
• 203 Companies Visited - 77% Growing
•
•
•
•
43 %
34 %
19 %
3%
•
•
•
•
•
Highly Skilled Employee Shortages
Availability Of Workforce As Unemployment Declines
Availability Of Class “A” Real Estate
Robust Cluster Options – Access To Supply Chain
Potential State Tax Increases On Businesses
Recent or Planned Growth
Future Growth
Stable
Declining
• Major Concerns:
Three Legs Of Economic Development
Attraction
Entrepreneurial /
Start Up Growth
Retention /
Expansion
31
Eric Jennings
Pinoccio
CTO
EDAWN's Goals –
Entrepreneurial Job Creation
• Work With Partners To Develop And
Implement An Entrepreneurial Continuum
• Assist Partners To Increase Capital
• Support Partners In Attracting And
Retaining Skilled Entrepreneurial Talent
• Foster Regional Incubation Of Start-Ups
• Promote Research, Development &
Commercialization Efforts At UNR / DRI
33
Why Entrepreneurial Development?
Net Job Growth From
Startups In First Year
Kauffman Report
How Do We Stack-Up !
• Reno Rated 6th Overall •
For Highest Startup
Density
• Reno One Of Best
Cities For Mid-Career
Professionals
• Nevada Ranked 2nd
Nationally As Best
Environment for
Entrepreneurship
•
•
•
•
•
•
•
•
Startup Weekend
1 Million Cups
TEDx
Girlmade
Sontag
Project Vesto
House of Genius
Entrepreneurs
Organization(EO)
Hackathon’s
* Statistics: Kauffman Foundation, Richard Florida and Small Business & Entrepreneurship Council
.
Our Entrepreneurial Ecosystem
Sontag
Pitch And Connect
36
Leading Creation of Startups
Make / Create
The Potential of Reno !
•
•
•
•
Facilitating Mentorship – Summit VMS Grant
Funding: Accelerator, Battle Born, Reno Rebuild
Events That Encourage Cross-Collaboration
Encouraging Startup Activity Downtown
StartUp Row
“Biggest Little” Startup Community
Reno – The Place For
Entrepreneurs With A Life!
39
EDAWN “Product Improvement”
• Promoting A Vision For A
Knowledge-Based Economy
Embracing UNR As The
Economic Engine Of Our Future
• Attract Business / Employers To Downtown
• Working With Partners To Establish “A Place”
For Entrepreneurs Downtown
• Work With Partners On Air Service
• Promote A Business And Quality Of Life
Message To improve Our Image / Brand
Diversified Business Marketing Campaign
So Where Do We Go In 2014?
2013 Was A Very
Good Year For
Quality Job
Attraction,
Retention/Expansion
& Entrepreneurial
Job Creation !
42
2014 Adjustments To Our Plan
• More Of The Same For Attraction / Retention
• Increased Engagement With Entrepreneurs
• Attraction Program Targeting Entrepreneurs
• Continued Support Of Smarter Regions Effort
• Plan To Capitalize On UAV Testing Designation
• Support / Engagement
With UNR / DRI Efforts
• More Community Support
Engagement With EDAWN
So What… Can You Do To Help?
44
Maintain / Improve Business Climate
•
•
•
•
•
•
•
Keep Business Costs Down
Be Highly Responsive To Employer Needs
Adequately Fund Education & Infrastructure
Work Together – Coordinate/Collaborate
Accelerate Downtown Revitalization
Engage And Support UNR – It’s Our University
Support Local Businesses “Think Local”
45
Invest In EDAWN To Grow The Pie?
A. Is Your Marketing Program
Designed To Grow Your
Business At The
Expense Of Others?
B. EDAWN's Efforts Market
The Entire Community
To Grow The Pie So All
Benefit
C. Support EDAWN’s Branding
And Marketing Efforts
Regional Public / Private Partners
City of Reno
UNR
City of Sparks
TMCC
City of Fernley
DRI
State Offices
Nevada
JobConnect
Nevadaworks
Washoe County
The Chamber
NNDA
Storey County
WNDD
NV Energy
Washoe County
School District
GOED
DETR
NCET
NIREC
RSCVA
Reno-Tahoe
Airport Authority
Renegades
Many Others !
47
Special Thanks
To The
EDAWN Board,
Our Investors And
The
EDAWN Staff
48

similar documents