EDAWN: ‘Economy is strong’ and ‘firing on all cylinders’
"Tech’s role as a cornerstone of Reno’s new economy was just part of the message delivered to more than 1,500 business and civic leaders on Feb. 13 at the Economic Development Authority’s annual state of the economy luncheon at Tuscany Ballroom inside the Peppermill."
Read more about it here.
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EDAWN's 2025 STATE OF THE ECONOMY | | |
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On February 13th, we hosted our annual State of the Economy in Northern Nevada. More than 1,500 regional business and community leaders attended our annual “State of the Economy in Northern Nevada” Economic Update Luncheon. We highlighted our region’s progress over the past years, with an overview of new companies, job growth, and opportunities to expect in the year ahead. To watch a video of the event, or access this year's presentations, visit our Media Center | |
Thank you to our Title Sponsor! | |
Thank you to our Event Sponsors: | |
BUSINESS DEVELOPMENT UPDATES | | |
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Azulene Labs develops ultra-accurate software for chemistry and material science, demonstrating software simulation outcomes for their customers. They will be occupying a 6,970 SQ FT facility in Carson City. The company plans on hiring 10 new employees in the next 18 months at $48.00 per hour. | |
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Twelve new qualified leads entered the pipeline, and the Business Development team hosted sixteen site visits for the month of January.
EDAWN hosted two extensive site visits, one with Kymera International and one with a non-disclosed prospect. Executives and board members from Kymera International and partnering equity firms flew into Reno as the Business Development team introduced them to other advanced manufacturers, and various stakeholders from the Northern Nevadan community.
The success of these introductions have advanced project plans and both prospects are expected to name Nevada as a finalist state.
To contact the Business Development team, please email Heather Wessling Grosz, Amanda Berry, or Danielle Randol.
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WORKFORCE DEVELOPMENT UPDATES | |
Is your company interested in upskilling existing workers? If so, you can take advantage of the Incumbent Worker Training Grant funded by the Department Of Employment, Training and Rehabilitation (DETR.) To learn more please go to Nevadaworks at nevadaworks.com. The program is designed to increase employee retention, enhance skills, and help avert potential layoffs. Employers can receive financial assistance or reimbursements for training costs, reducing the financial burden of employee development. For more information contact Michelle Long at mlong@nevadaworks.com. | |
BUSINESS RETENTION & EXPANSION UPDATES | |
Congratulations to MEI Rigging & Crating! As a leading national provider of rigging, machinery moving, millwrighting, specialized transportation, industrial storage, crating, and export packaging services, MEI is excited to announce the opening of their new facility at the Tahoe-Reno Industrial Center (TRIC). This marks a significant milestone in the company’s rapid expansion. For more details click here. | |
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In January, our Business Retention and Expansion Team had the pleasure of meeting with 27 local primary company business leaders. These in-person visits led to the exciting discovery of 35 new jobs being added, with an additional 47 jobs projected for next year. We’re thrilled to see such positive growth in our community!
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.
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Reno Startup Week 2025 will take place Sept 29 - Oct 3. We have a new “headquarters” location this year at Reno Experience District (RED), allowing us to host multiple sessions throughout the daytime within their beautiful campus. Back by popular demand will be another party on RED’s Atwood rooftop, and we’ll end the week with a fun crossover event with OffBeat Music Festival on Thursday night - think SXSW vibes, blending tech, culture, and music into an unforgettable evening. Mark your calendars so you don’t miss the biggest entrepreneurial event of the year! Thank you to our sponsors: Bank of America, GOED, Ozmen Center, US Bank, Barnard Vogler CPAs, High West Law, Digiprint, and Red Carpet Events. | |
We hosted our first Elevate Reno event of the year in February with three early-stage startups pitching. Thank you to DYSBX, Rely, and WRKDN for pitching your companies, and thank you to everyone that came out to support them! Our next event will take place on Tuesday, April 8th at the Innevation Center. We accept applications to pitch on a rolling basis: Apply now. | | |
Positron, a rising force in AI inference technology for artificial intelligence computing, has secured $23.5 million in funding, including from Nevada-based VC firm Flume Ventures. Positron has achieved rapid deployment by utilizing customized FPGA chips for AI inference, which are now shipping and in use by several U.S. and European customers. Positron’s first-generation Atlas systems are already demonstrating 3.5x performance-per-dollar gains over Nvidia’s H100, while consuming significantly less power. Positron is leading the way in turning Northern NV into a global AI hub, and we’re looking forward to seeing them grow in our region. Read more about it here. | |
The City of Reno, in partnership with the Bloomberg Center for Public Innovation, is offering Love Your Block mini grants to support neighborhood improvement projects in Ward 3. Applications are open from February 14 to March 22, with selected recipients notified by April 22. Grants can fund small home repairs, clean-ups, public art, and more. Learn more and how to apply here. | |
MAJOR INVESTOR OF THE MONTH | |
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Novo Logistics is a Reno based leading third-party logistics provider specializing in dedicated warehousing, manufacturing support, contingent labor solutions, and public warehousing to a diverse segment of industries. Novo partners with businesses as a reliable, flexible distribution hub, offering tailored strategies to meet the exact space and workflow needs of each partner. Novo's continued success is driven by the foundation of always delivering value to their partners through transparent, flexible, and collaborative solutions. Novo works closely with industries such as home improvement, tech, retail, construction, healthcare, food and beverage, automotive and manufacturing–offering a full range of services.
Founded in 2004 in Reno with just 30 team members, Novo has experienced remarkable growth, expanding across the nation with a workforce of over 550. This growth reflects the company’s dedication to delivering high-quality logistics solutions to its partners across the country. With over 20 years of experience, Novo has built a solid reputation that continues to grow by the day.
CEO Ryan Peirce is thankful for the impact Novo has made over the last 2 decades, "May 2024 marked our 20th anniversary as an organization. I’m proud of everything we’ve accomplished together, and it’s a reflection of our teams' dedication and hard work that brought us to this point. What began as one small facility with big dreams has grown into a well respected nationwide company making a meaningful impact—not just in our industry, but in the communities and families we support every year. This milestone belongs to each of our team members. Their commitment and sacrifices have made this achievement possible, and for that, I’m deeply grateful."
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Thank you, Novo Logistics, for your partnership and investment in EDAWN! | |
INVESTOR RELATIONS UPDATES | | |
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Major Investor Renewals:
($12,500, $25,000, & $50,000)
- Dickson Commercial Group
- McDonald Carano
- Western Nevada Supply Co.
- McKenzie Properties Management, Inc.
- Metcalf Builders, Inc.
- Warehouse Equipment Solutions, Inc.
- Porter Group, LLC
- Basin Street Properties
- KAHL Commercial Interiors, Inc.
- Redwood Materials
- First Independent Bank
- Locus Development Group
- Novo Logistics
- Alpen Mortgage
- Frame Architecture, Inc.
- NOW Foods
- United Construction Company
- ITS Logistics LLC
- Northern Nevada Medical Center
- Sierra Integrated Systems, LLC
- WM of Nevada, Inc.
- Chase International Real Estate
Silver Investor Renewals:
($2,500)
- Health Benefits
- Nevada Chapter AGC
- Vintage South Meadows Apartments
- Vistage
- Aloft Hotels Reno
- Whittier Trust Company
- Gold Dust West
- Spanish Springs Construction, Inc.
- PBS Reno
- The Harrah’s Automobile Foundation
- Tectonics Design Group
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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. | |
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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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