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Positron shoots for transformative 2026
It’s shaping up to be a transformative year for Reno-based artificial intelligence startup Positron. Positron's recent fundraise of $230 million in Series B funding gave the AI hardware developer a post-money valuation approaching $1 billion. Read more
| | | BUSINESS DEVELOPMENT UPDATES | | Business Development Travel: | | | | EDAWN attended the Nevada Aviation Association Annual Conference in Las Vegas from April 6 to 8. SVP of Business Development Heather Wessling-Grosz served on a panel with the University of Nevada to discuss Northern Nevada's infrastructure and capacity constraints, an important conversation as we continue to grow our aviation and aerospace footprint. | | EDAWN was also represented at the SIOR Spring Forum in Palm Springs, California, from April 13 to 17. The forum convenes top industrial real estate leaders for actionable insights on the sector, and our participation strengthens relationships with the brokers and site selectors who guide major location decisions. | | | |
EDAWN’s Business Development and Attraction Team works to secure new expansion facilities and/or relocations from new primary companies exploring the Greater Reno-Sparks market. The team acts as a concierge service for companies, providing customized market data, responses to requests for proposals (RFPs) from site selectors and companies considering major investments in both real estate and resulting in high quality employment growth for the region.
To contact the Business Development team, please email Heather Wessling Grosz, Amanda Berry, or Danielle Randol.
| | BUSINESS RETENTION & EXPANSION UPDATES | | EDAWN Primary Company Weber Metals has invested more than $21 million in their Northern Nevada facility over the past three years, adding an 8,000-ton forging press, caustic etch cleaning line, and an upgraded thermal treatment center. The company has committed another $50 million over the next two years to double production capacity, with plans for a 15,000-ton closed-die forging press and new job creation to support the growth. | | Business Builders Update: | |
EDAWN's Business Builder Volunteers completed 6 visits and uncovered 2 new business discoveries this quarter.
Business Builder Visit Highlight: Sherilyn Laughlin of BMO surfaced a standout find in PanaVise, a Reno manufacturer operating since 1990. Owner Gary Richter has been committed to the region for decades.
Leading in visits: Jessica Natali of Western Alliance Bank leads the program this quarter with 4 visits.
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EDAWN’s Business Retention and Expansion Team is committed to the success of our region’s primary companies. We are here to assist you by providing resources, guidance, and the support you may need when facing challenges and opportunities to grow your business.
To contact the Business Retention, & Expansion Team, email Veronica Chavez or Kimberly Yaeger.
| | Free Founder Fridays kicked off this month at the Innevation Center and Address Income, bringing together Reno-area founders for a morning of focused work and real conversation. This week on May 1st, we head to Bernal Co-working. The program runs every Friday through June at rotating venues across Reno, and registration is free at startupreno.org. Come work alongside other founders and see what we are building in our community. | | | | Reno Startup Week is back this fall, and sponsorship opportunities are available. It's one of the best ways to get your brand in front of founders, builders, and investors across Northern Nevada. Reach out to sponsorship-@renostartupweek.com or visit renostartupweek.com to learn more. | | | | | EDAWN's Entrepreneurial Development team and the Reno Startup Week Executive Council traveled to Boise for Hack Fort, part of the Treefort Music Festival. We toured ecosystem hubs like Kiln and JUMP, connected with local community builders, and attended sessions on building with AI, pitch competitions, and more. It was a great reminder that vibrant startup communities don't happen by accident, and we're bringing those lessons back to Reno. | | | | The Desert Research Institute is much more than Nevada’s global scientific research institute. They are also leaders in teacher and student education throughout Nevada. Learn more about programs they offer via their STEM Education Program: DRI STEM Education Program and Nevada Robotics: Nevada Robotics - DRI. | | | MAJOR INVESTOR OF THE MONTH | | |
United Federal Credit Union, an EDAWN Major Investor, invites you to the grand re-opening of their Summit Branch in Reno on Wednesday, May 20 from 5:30 to 7:00 p.m. The evening will include a ribbon cutting, light hors d'oeuvres, refreshments, and time to connect with the local United team.
Location: United Federal Credit Union, Summit Branch (13989 S Virginia St)
Parking: Available at the front and side of the branch
RSVP: Please RSVP by Friday, May 15 to Alina Gilmore Hendricks at agilmorehendricks@unitedfcu.com
| | INVESTOR RELATIONS UPDATES | | | |
Thank you to our New Gold Investor!
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Thank you to our New Silver Investor!
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Major Investor Renewals:
($12,500, $25,000, & $50,000)
- Dermody
- Vidler Water Company
- Weber Metals
- Basin Street Properties
- Porter Group
- United Construction Company
- Digiprint Corporation
- Warehouse Equipment Solutions, Inc.
- Micone Staffing Resources Inc.
- United Federal Credit Union
- Clark/Sullivan Construction
- Womble Bond Dickinson LLP
- Helix Electric
- RHP Mechanical Systems
- Tract
- Whitney Peak Hotel
- Truckee Meadows Water Authority
- Builders Association of Northern Nevada
- LP Insurance Services
- The Abbi Agency
- Atlantis Casino Resort Spa
- Frank Lepori Construction, Inc.
- Savage and Son, Inc.
- Renown Health
- WM of Nevada, Inc.
- Plenium Builders
- Lewis Apartment Communities
- Bender Grou
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Silver Investor Renewals:
($2,500)
- Nevada State Development Corporation
- Comstock Insurance Agencies, Inc.
- Eugene Burger Management Company
- The Empowerment Center
- Berkshire Hathaway HomeServices Drysdale Properties
- Devcon Construction
- She Means Business
- Full Tilt Logistics
- Theraldson Hospitality Management
- Sierra Nevada Realtors
- WEDCO
- Desert Research Institute
| | | We appreciate your continued support! If your company is not currently an investor with EDAWN and you are interested in becoming involved, see the resources below. If you have any questions about EDAWN investment, please email Sheila Imsdahl or Janel Walsh. | | |
The EDAWN Executive Update is designed to give you a quick update on what is happening in our community and at EDAWN regarding economic development.
Please forward this to others you know that may be interested. For more information, please email Ava Coulter or call (775)-343-6811.
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