2015 legislative update jan 2015.pptx [read-only]€¦ · edawn’s legislative update february 3,...
TRANSCRIPT
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Mike KazmierskiPresident & CEO
EDAWN’s Legislative UpdateFebruary 3, 2015
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•EDAWN's Mission
• EDAWN's Progress
• EDAWN’s Focus Going Forward
• Regional Strengths And Challenges
• Economic Development Cooperation
• EDAWN’s Concerns
Agenda
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What Does EDAWN Do?Effective Economic
Development Program
- Attracts- Retains / Expand- Grows
Quality Jobs!3
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Three Legs Of Economic Development
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Entrepreneurial / Startup Growth
Retention / ExpansionAttraction
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• Majority Of Customers Outside The Region• External Customers Add Wealth To Community
1. Tax Dollars & Wages Of Employees2. Investments Of Building / Equipment3. Generates Additional Jobs + Multiplier Effect4. Quality Jobs ($20.00 Per Hr + Benefits) 5. 90% + Of Jobs Filled By Existing Residents
EDAWN’s Focus“Primary” or “Direct” Jobs!
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So How Is EDAWNDoing At Quality Job Attraction?
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EDAWN Assisted New Jobs 2008-2014(5 Year Numbers Based On Company Estimate)
7* 2007 – 2010 Estimate Based On One Year Numbers
0
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
4,000
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5 Year Average
2014 Final 4,179(Includes Year 1 Tesla, 700)
WOW !
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1554% Reduction Since 2011 14.2% to 6.4% Unemployed Now 14,332
2002-2008 State Average 5.15%
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Our Unemployment Rate Improving!
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Job Attraction Travel In 2014Jan CA Company Visits
Feb CA Site Consultants & Co Visits
Mar Dallas Site Consultants & Co Visits
Apr NC Site Consultants & Asset Mgrs
Aug Salt Lake City Site Consultants
Sep Chicago Site Consultants & Co Visits
Oct New York City Site Consultants
Nov Las Vegas International Trade Conference
Dec Tampa, FL Site Consultants
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Prospects Visits Per Month
0
3
6
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12
15
2012 Ave 7.8
2014 Ave 10.9
2013 Ave 9.8
10
2011 Ave 4.2
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2014 Assisted ProjectsIndustry Company Jobs From HQ
Manufacturing Advanced Refining 12 NVDistribution Anixter 8 NVManufacturing Ashima Devices 100 CA YesManufacturing Beaverfit USA 25 UK YesManufacturing Cenntro Automotive 300 NJ YesService Clear Capital 400 CA YesManufacturing Cuco, LLC 15 CA YesService CustomInk 261 NVManufacturing Eaton's B-Line Business 49 NVManufacturing Flirtey 4 AUS YesManufacturing Fulcrum Sierra Biofuels 30 CAService Gensano 2 NV
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2014 Assisted ProjectsIndustry Company Jobs From HQ
Service Ghost Systems 150 NV YesManufacturing Harris Welding Supply 50 CA
DistributionIndependent Salon Services 10 CA Yes
ManufacturingJames Hardie Building Products 9 NV
Distribution Orest Express 30 ILDistribution Petco 150 CAManufacturing Real Spirit 50 CA YesManufacturing Rubber Enterprises 21 NV YesManufacturing Stitch N Print 40 GAManufacturing Tecno Displays 30 CA YesManufacturing Tesla (Year One) 700 CA
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2014 Assisted ProjectsIndustry Company Jobs From HQ
Service Whisper Jet 18 CADistribution To Be Announced 120 FLService White Rabbit 25 CA YesDistribution Zulily 1,000 NVManufacturing To Be Announced 30 CAManufacturer To Be Announced 30 OHManufacturing To Be Announced 25 OHManufacturing To Be Announced 15 TNManufacturing To Be Announced 300 NJ YesDistribution To Be Announced 20 PAManufacturing To Be Announced 150 INTotals = 34 27 New / 7 Expansions 4,179 13
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Types Of Companies Assisted in 2014
Distribution21%
Service17%
Distribution Manufacturing Service
Manufacturing62%
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Corporate Headquarters!• Jobs Are Quality Jobs: Higher Average Wage
• Help To Positively Brand Our Region: Meetings, Clients, & Identify Reno- Sparks As Their Home
• HQs Bring Corporate Philanthropy And Engagement:They Get Involved To Make Community Even Better
• HQs Bring More Economic ImpactGrowth Likely To Occur Here & May Encourage Others Like Their Suppliers To Operate Or Relocate Here
02468
101214
2011 2012 2013 2014
Headquarters
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Tesla: Wow!
More Than JobsPuts Us on The Radar:
ManufacturingBusiness
EntrepreneursCreative Class
Research & Development Investors . . .
The Largest Deal In The U.S. In 2014
Changes Our Brand Overnight
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Prospects! (Very Likely)Industry Job Count HQ Confidence
Relocation State
Distribution 120 X Very Likely NYManufacturing 100 Very Likely TAIWANData Center 400 + Switch NV - ExpansionManufacturing 100 Very Likely CA/TXService 200 Very Likely CAManufacturing 350 X Very Likely WA
Totals 1,270 2Very Likely Means They Have Indicated They Have Selected Us Or Are In The Process Of Acquiring Real Estate
17Switch Critical To N. Nevada
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Industry Job Count HQ ConfidenceRelocation
StateService 500 Finalist OH
Manufacturing 1,000 Top Two ILDistribution 800 Top Two PA
Manufacturing 500 Finalist EuropeDistribution 50 Finalist MNData Center 80 Finalist TX
Manufacturing 500 Finalist NJ3,430
Hot Prospects! (Probable)
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Attraction – Strengths & ChallengesStrengths: Strategic Location
Workforce AvailabilityCost Of Doing Business - TaxesBusiness Friendly Government Available Business Parks
Challenges: Increasing Cost Of EverythingAvailability / Quality Of LaborReno Downtown - ImageAvailability Of BuildingsAvailability Of Training Dollars
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Three Legs Of Economic Development
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Entrepreneurial / Startup Growth
Retention / ExpansionAttraction
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Components to BR&E Program• Connect With Resources & Each Other
• Grow Jobs/Revenue/Visibility
• Fix Problems/Eliminate Roadblocks
• Retain/Recognize
• Support
• Think Local
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• Company Visits – 184• Growing 84• Future Growth 68 • Flat 29• Declining 3
• Seven Assisted Expansions = 1,340 New Jobs• Business To Business Connections Made = 36• Two Industry Sector Councils • 53 Companies In Existing Industry Awards• Issues Addressed = 25
Retention Results / Initiatives
83% Growing
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• Availability Of Specialized Workforce Resources- Machinists, Engineers, Industrial Mechanics,- Construction Trades, CDL Drivers, - Software Developers- Senior Management-Multiple Areas
• Employee Retention And Prospective Wage Increases Due To Increased Employee Demand
• Noise Concerns For Advanced Manufacturers • Speed / Support Of Government • STEM Education, CTE, National Career Readiness •
Major Concerns
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Three Legs Of Economic Development
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Entrepreneurial / Startup Growth
Retention / ExpansionAttraction
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Entrepreneurial Development Strategy
• Communicate: Highlight Reno’s Strengths As A Place For “Entrepreneurs With A Life”
• Catalyze: Engage Entrepreneurs To Lead Programs & Community Initiatives
• Connect: Facilitate The Connection Between Organizations, Entrepreneurs And Resources (Funding, Mentorship, Customers)
• Showcase: Highlight Our Startups & Entrepreneurs To Bring Visibility, Encouragement & Community Support
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Entrepreneurial Development Success!
Reno, NV (DEC. 15, 2014) Next City will host its sixth annual Vanguard conference in Reno, NV. Vanguard is an annual experiential urban leadership conference.
IEDC Award!
Entrepreneur.com on NBCNews.com
3 Alternative Tech Startup Cities With Less Traffic, More Housing (Infographic)
Three Western locales previously considered vacation destinations are now alternatives to Silicon Valley life at a much more affordable price.
3 Alternative Tech Startup Cities Three Western locales previously considered vacation destinations are now alternatives to Silicon Valley…..….
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Entrepreneurial Growth & JobsSummit VMS Program
• Over 35+ Mentors (Angel Investors, CEOs, Executives)
• 14 Ventures – Actively Hiring Employees & Doubling Revenues
In 2014 The Reno Accelerator Fund Invested $200k Seed Funding In 8 Startup Companies (CDBG)
• To Hire Employees And Expand• Will Invest $200k in 2015
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“Biggest Little” Startup Community
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Reno – The Place For Entrepreneurs With A Life!
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EDAWN “Product Improvement”
• 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
• Promoting A Vision For A Knowledge-Based Economy Embracing UNR As The Economic Engine Of Our Future
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Diversified Business Marketing Campaign
Kids “Design A Taxi-Top
Campaign”WCSD To Submit
EntriesWinning Schools Get $1,000 And A
Taxi-Top 30H30
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2014 Was A Great Year! The Best Year Ever For Job Attraction - Plus Tesla And Now Switch
But Are We Ready For Unprecedented Growth?
Can We Handle The Equivalent Of Three Tesla’s In Just 5 Years?
So Where Do We Go In 2015?So Where Do We Go In 2015?
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Tesla Only Part Of The Growth!Tesla
PrimaryTesla
SecondaryEDAWNPrimary
EDAWNSecondary
Total Jobs
2013 0 0 3,460 4,360 7,8202014 0 0 3,479 4,384 7,8632015 700 1,148 4,000 5,040 10,8882016 1,000 1,640 3,500 4,410 10,5502017 3,000 4,920 3,000 3,780 14,7002018 1,800 2,952 2,500 3,150 10,4022019 0 0 2,000 2,520 4,520
5 YearTotal 6,500 10,660 15,000 18,900 51,060
17,16032
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Our Growth Before The Recession
150,000
170,000
190,000
210,000
230,000
250,000
2.2% Growth
2014 Growth At 3.35%Without Tesla and With Many New Jobs Yet To Be Filled
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Explosive Growth Is Coming!
150,000
170,000
190,000
210,000
230,000
250,000Tesla Job GrowthEDAWN Job GrowthHistoric Employment
2.2% Growth
4.9% Growth
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Economic Planning Indicators Committee
• EPIC - To Identify Key Regional Impacts of Projected Rapid Growth (To Get Out In Front)
• Commissioned An Economic Impact Study Expert
• Key Partners , NNDA, GOED & Local Government
• Speak With One Voice On The Numbers / Impacts
• Provide A Coordinated And Realistic Assessment of The Impact For Planning And Legislative Use
• Complete By Mar 1st
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Updated Economic Development Stool
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Retention / ExpansionAttraction
Entrepreneurial / Startup Growth
Community Development
Workforce Development
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Community Development
• Lead The Region’s Efforts To Plan For and Accommodate Growth (EPIC)
• Encourage / Facilitate The Redevelopment Of The Downtown And The Connection To UNR
• Attract Companies And Entrepreneurs To The Downtown
• Work With Partners To Improve Air Service• Improve The Region’s Fiber Connectivity• Plan For Long Term Industrial Land Needs
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Our Greatest Concern Workforce Development – Let’s Invest In Nevadans
• Assist In Attracting Workforce To The Region• Facilitate Development Of Training Programs For
Existing Workforce• Improve Connection Of Existing Primary
Employers With Education – Increase Internships• Continue To Rebrand Region - Earned Media
To Be More Attractive To Talent & Creative Class• Advocate Funding Increase To Train Workforce
Train Employees Now (TEN) Grants - Critical
38Our TEN Grant Needs Greatly Exceed Our Available Funds!
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Existing Workforce Training• The Primary State Agencies To Train Existing
Workforce Are The Community Colleges• We Have Significant Skills Gaps• Incoming Jobs Advanced Manufacturing – Tech• Funding Of CC’s Not Based On The Need• The Need Is Directly Linked To Incoming Jobs • Incoming Jobs Increase = CC Funding?• If Not Trained, Nevadans Will Watch Others Get
These Quality Jobs
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$50
$55
$60
$65
$70
$75
$80
$85
$90
$95
$100
FY2009
FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
N Nevada State Funding
College Of S. Nevada State Funding
$ M
If Funding Increases @ 4.9%; The Projected Job Growth
Huge Gap!If Funding Was
Increase d @ 1.6% Job Growth
Community College Link To Job Growth ?(Just Operating Funds – Capital Funding Has Gone From $30M / Yr to $1.5M )
???
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WCSD Capital Funding Problem
• WCSD Is Years Behind In Infrastructure• Maintenance And Renovations Alone = $25M / Yr• $255M In New School Needs………Now• $0 In 2015 and Only $10M Available To Bond In 2016• Clark 42% Higher Property Tax & Other Funding -
WCSD .3885 / $100 Assessed Value Clark County .5534 / $100 Assessed Value
• WCSD Only District With No: Real Estate Transfer Tax; Construction Tax; Sales Tax Or Lodging Tax!
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Let’s Exacerbate The Problem• NRS 278.346 Requires The District To Buy Land
At Market Rate – Developers Can Donate Land• No Impact Fees For Schools In Washoe County• Let’s Add 562 Students…Just In 2014• Add 61,000 New Residents By 2024• Ballot Question: 4 Years If We Act Now!
• 2015: Legislature Approval For A Tax• 2016: Vote Of The People• 2017: Legislature Approve What Voters Supported• 2018: Start Collecting Taxes
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0
200
400
600
800
1,000
1,200
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Inflation / Cost of Bonds 7%New Schools By 2024: 3E; 1M; 1HS = $206MNew Schools By 2019: 4E; 1M; = 145MNew Schools Now: 1 E; 2 M; 1.5 HS = 255MMaintenance & Renovations
$ M
WCSD Capital Funding Crisis!
$900MGap!
Governor’s Extended Bonding Authority
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Portables Not The Solution!
WCSD Currently has 228 Temporary Portable Classrooms – Many Over 30 Years Old
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Let’s Invest In Nevadans:• TEN Grants To Attract Quality Employers• Fund CCs Based On Jobs Available• For K-12 Consider Options For Growth To Pay • Consider Interim Solution That Can Bridge The
Gap Until Bonding Authority Improves In 2024• Will Take A Real Fix Like ½ Cent Sales Tax Over
10 Years = $50m / Yr With Sunset ? $2 / Week!• Or Property Tax Increase – Not Likely• Work Together To Solve – Invest In Our Kids!
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Economic Development Agencies • GOED: Supportive / Engaged / Cooperative• NNDA:
• Shared Projects• Regional Effort To Support Entrepreneurship• Exchange Of Information• Routine Interaction
• LVGEA:• One Nevada – Encourage North / South Cooperation• Pass Projects That Fit Better In The Other Region• Attend Each Others Events• Routine Interaction
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Regional Public / Private PartnersCity of Reno UNR State Offices
City of Sparks TMCC Nevada JobConnect
City of Fernley DRI Nevadaworks
Washoe County The Chamber NNDA
Storey County WNDD NV Energy
Washoe County School District NCET Reno-Tahoe
Airport Authority
GOED RTC RenegadesDETR RSCVA Many Others !
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Questions?
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