Thank you to our Title Sponsor! | |
Thank you to our Event Sponsors: | |
BUSINESS DEVELOPMENT UPDATES | |
The Business Development team is pleased to acknowledge a competitive multi-state site selection process completed in January: Boxout Health selected Northern Nevada for their new facility and will hire up to 47 new candidates to lead operations locally. | | |
|
Boxout is a family-owned, national distributor of spa, massage, beauty, fitness, rehabilitation, chiropractic, and health & wellness products. They will be occupying a 150,000 SQ FT facility in the TRI-Center. The company plans on hiring 47 new candidates at $32.00 per hour. | |
|
The Business Development team hosted 23 site visits for the month of November and December. EDAWN's goal of $500 million dollars in new capital investment has been met. The team is pleased to report that Northern Nevada has captured almost $3 billion dollars of new investment from new and expanding projects, well exceeding our FY goal.
Fifteen potential project leads are active in the pipeline and have cited Northern Nevada, our region, as a finalist community, therefore, several announcements are forthcoming in transportation/logistics, materials handling, and advanced manufacturing.
To contact the Business Development team, please email Heather Wessling Grosz, Amanda Berry, or Danielle Randol.
| |
WORKFORCE DEVELOPMENT UPDATES | |
Nevadaworks has announced 400 enrolled students in classes for entry level certification in the fields of manufacturing, logistics, healthcare, and technology through the GJNN grant. These candidates will be available through EmployNV for interviews and placement in June of 2025. In addition, Nevadaworks will also being rolling out a new IWT program and programs supporting internships and apprenticeship programs. Please go to nevadaworks.com or reach out to Michelle Long for more information. | |
BUSINESS RETENTION & EXPANSION UPDATES | |
|
In November and December, our Business Retention Team had the pleasure of meeting with 32 local primary company business leaders. These in-person visits led to the exciting discovery of 337 new jobs being added in the past year, with an additional 52 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.
| |
We’re excited to kick off the year with the new Electrify Nevada Accelerator Powered by gener8tor. This initiative supports early-stage startups developing innovative energy solutions, with a particular focus on advanced battery technology and sustainable energy systems. Applications are open until Feb 27th with the first cohort in Reno set to begin in March 2025. Founders developing solutions in sustainable energy and related fields are encouraged to apply. For more information or to submit an application, visit www.gener8tor.com/nevada. | |
Elevate Reno will now take place every other month as a lunchtime event at the Innevation Center. Our first event in 2025 will be on Monday, February 10th from 11:30am-1:00pm. Elevate Reno serves as a platform for startup founders to practice their pitches in a supportive, fun, and collaborative environment. This event is free and open to the public, with lunch and drinks provided. Register here. | | |
Cartwheel Robotics develops and builds advanced robotics products and provides engineering services to businesses looking to solve complex problems. Their team has experience working on some of the most sophisticated and disruptive robotics platforms in the world, with backgrounds at Google, Boston Dynamics, and Disney Imagineering. Founded by Scott LaValley and Samantha Conway, Cartwheel Robotics relocated to the Oddie District in Sparks and recently raised a $1M round of financing. Congratulations, Scott and Samantha! | |
The Reno-Tahoe Airport Authority (RTAA) celebrates a banner year in 2024, highlighted by record-breaking passenger traffic, groundbreaking infrastructure projects, and expanded air service. RNO welcomed 4.8 million travelers, introduced new nonstop routes, and made significant progress on its transformative MoreRNO program, including a 10,000-square-foot Ticketing Hall expansion. With over $238 million secured for future developments and a $1 billion investment at Reno-Stead Airport, RTAA continues to drive economic growth and elevate the travel experience in northern Nevada. | |
MAJOR INVESTOR OF THE MONTH | |
|
United Federal Credit Union (United) is a member-owned financial institution with a rich history spanning 75 years. Dedicated to helping business owners and families achieve better financial futures, United offers a comprehensive range of consumer and commercial financial services. These include:
- Digital Banking & Mobile Check Deposit
- No-fee checking accounts
- High-yield savings accounts
- Mortgages
- Commercial and SBA lending
- Investment planning
United stands out through its Select Employer Group program, which collaborates with local businesses to provide customized benefits to their employees and customers. This unique approach underscores United's commitment to community and personalized service.
In recognition of its exceptional service and impact, United was honored with the Northern Nevada Business Weekly’s “Best Financial Institution” of 2024 award. This accolade reflects United’s dedication to excellence and its pivotal role in the financial well-being of its members.
Whether you're looking for personal banking solutions or commercial financial services, United Federal Credit Union is a trusted partner in your financial journey.
| |
INVESTOR RELATIONS UPDATES | | |
|
Major Investor Renewals:
($12,500, $25,000, & $50,000)
- Plumas Bank
- Dermody Properties
- Switch
- CAI Investments, LLC
- Elemental LED, Inc.
- Porter Group, LLC
- Basin Street Properties
- Bender Group
- Clark/Sullivan Construction
- Bank of America
- Atlantis Casino Resort Spa
- Panasonic Energy of North America
- Charles River Laboratories, Inc
- Pinecrest Construction & Development Co.
- Toll Brothers
- Granite Construction Company
- The Abbi Agency
- Digiprint Corporation
- CBRE
- Intermountain Electric, Inc.
- PacStates
Silver Investor Renewals:
($2,500)
- Hometown Health
- Alice Heiman, LLC
- Dassault Falcon
| | |
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.
| |
| | | |
