STATE OF THE ECONOMY HIGHLIGHT | | |
More than 1,600 business and community leaders joined us for the State of the Economy in Northern Nevada luncheon. We shared regional progress, welcomed new companies, and highlighted job growth over the past year. Despite national headwinds, Northern Nevada continues to move forward with focus and purpose. EDAWN helped advance more than 500 jobs and continues to advance over 50 active projects, reinforcing our region’s strength and long term competitiveness.
To watch the full event video and download
the presentations, click here.
| | Thank You to our Title Sponsor! | | BUSINESS DEVELOPMENT UPDATES | | | | |
Amperesand Inc. specializes in the development and manufacturing of advanced solid-state transformers and power conversion solutions. Founded in 2023, the company delivers high-efficiency, AI-optimized energy technologies designed for data centers and critical industrial applications.
The company is occupying a 72,380-square-foot facility in Reno, creating 62 new jobs with an average wage of $55.50 per hour and investing $18.4 million in capital.
| | |
Taurus Fabrication is an advanced metal manufacturing company specializing in CNC machining, laser cutting, welding, and complex fabrication services supporting a diverse range of OEM clients.
The Grass Valley, CA company will be expanding its operations and machining capabilities within a +/-26,000 square foot facility in Carson City. Their new facility will create 20 jobs with an investment of more than $500,000 in capital.
| |
| |
| |
Induction Hardware operates within the sustainable electric kitchen appliance sector, focusing on smart induction ranges, cooktops, and outdoor cooking solutions.
Founded locally, the company operates within an 11,000-square-foot facility in South Reno and will create 30 new jobs over the next two years.
| | |
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 | | Primary Company ITS Logistics has announced an acquisition that will create one of North America’s largest third party logistics platforms. The combined company is projected to reach $5.4 billion in pro forma revenue in 2025, expanding national scale and market strength. Leadership and Reno operations will remain in place, preserving the company’s local presence and culture. The transaction is expected to close in the first half of 2026 and will support continued growth through expanded technology, network reach, and multimodal capabilities. To learn more click here. | | Business Builders Update: | Our Business Builder volunteers came together this month for a networking event hosted by EDAWN Investor, Western Alliance Bank. The evening created space to build relationships, exchange ideas, and strengthen collaboration across our network. We value the leadership and commitment our Business Builders bring to this work and the role they play in supporting business growth and economic opportunity throughout Northern Nevada. | | | |
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.
| | |
This Women’s History Month, we are investing in women entrepreneurs. 100 Women is a first-of-its-kind, collective funding event where 100 community members purchase a $100 ticket, with all proceeds going toward a $10,000 cash prize for the winner of the pitch competition. Join us on Thursday, March 12, from 10:30am-1pm at the Silver Legacy for a champagne brunch, and watch as three Northern Nevada women-led startups pitch live. Thank you to our title sponsor Nevada Women’s Fund!
Click here to secure your tickets!
| | |
| Local founder George Goodwin is launching Kōbu Kombucha, a gut health-focused kombucha powder designed for modern routines. Packaged in convenient stick packs, Kōbu features a 3-in-1 blend of prebiotics, probiotics, and postbiotics. George has been an active participant in the local startup community, and this launch reflects the collaboration and momentum within our entrepreneurial community. Click here to learn more. | | | NEW DATES: Techstars Startup Weekend Reno takes place April 10-12. Techstars Startup Weekend is an exciting and immersive experience and a foray into the world of startups. Over an action-packed three days, you’ll meet top mentors, investors, co-founders, and sponsors who will help you get more done, faster, and maybe even start that business. Click here to register. | | Registration is now open for the sixth annual University of Nevada, Reno Innevation Center Makerthon, presented in collaboration with Click Bond, Inc. Teams of students from high schools and colleges will have the chance to compete in a 48-hour competition to create, design and present a unique and innovative product. At the end of the competition, each team will present their products to a panel of judges and the champion team will be awarded a cash prize of $2,000! The competition will be held April 24-26, 2026. Applications close on March 13, 2026, at 11:59 p.m. Click here to learn more. | | PBS Reno and Community Foundation of Northern Nevada have opened registration for the Spring 2026 Family Estate Planning Series, a free seven-week course of 90-minute sessions that explain all aspects of estate planning designed to help residents take charge of life planning and estate matters. For more information, click here. | | | MAJOR INVESTOR OF THE MONTH | | |
In a world of darkness, IBEW 401 is bringing light. In just under five years, the organization has tripled in size. The growth in such a short time has been remarkable, driven by the strength and dedication of its members and contractors. IBEW 401 contractors have been outstanding at securing jobs across the electrical industry, helping power the region’s continued progress.
IBEW 401 and the JATC, the Northern Nevada Electrical Training Center, are located side by side. As the union has grown, the Training Center has expanded its classes to ensure the industry is properly trained through a strong apprenticeship program. The program graduates top tier union electricians who keep the electrical industry powered by skilled and dedicated men and women.
The future runs on electricity, and IBEW 401 is here to stay! To learn more or contact IBEW 401, visit ibew401.com or call (775) 329 2566.
| | INVESTOR RELATIONS UPDATES | | | |
Thank you to our New Presidential Gold Investors!
| | | | |
Thank you to our New Gold Investor!
| | | | |
Major Investor Renewals:
($12,500, $25,000, & $50,000)
-
CAI Investments, LLC
- Wells Fargo Bank
- Granite Construction Company
- KAHL Commercial Interiors, Inc.
- Northern Nevada Division NECA
- Nevada Gold Mines
- Warehouse Equipment Solutions, Inc.
| | | | |
Silver Investor Renewals:
($2,500)
- Dassault Falcon
- Nevada Chapter AGC
- Northern Nevada Hopes
- PBS Reno
- Tectonics Design Group
| | | 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.
| |
| | | |
