Leaders at the Economic Development Authority of Western Nevada on Thursday honored the 59 companies that relocated to northern Nevada or expanded their workforce over the past two years. The celebration was part of a welcome reception the nonprofit has hosted for the past 10 years.
The majority of the companies that relocated or expanded in northern Nevada—more than 60%–are in the technology and manufacturing industries. EDAWN CEO Mike Kazmierski said growth in those industries will help the region to diversify its economy and improve economic stability.
“Despite the pandemic, our region has continued to grow,” said Kazmierski. “More importantly, we are attracting quality companies bringing the higher paying ‘jobs of the future’ to our region.”
An estimated 5,600 jobs are expected to be added to the region over the next five years from the new companies.
Of those companies that relocated to the region, 29 opened their corporate headquarters here, which EDAWN officials say has helped to increase the number of high-paying jobs available. Their data shows the region’s average annual salary rose to $64,000 in 2021.
Companies included on the list that relocated to the region include ThyssenKrupp, Makita, Mary Kay, BearPaw Shoes, and SolarEdge. Many relocated from California. EDAWN in April 2020 launched a campaign to woo Bay Area companies to the region, touting lower cost of living and doing business along with shorter commutes and outdoor activities.
Some companies that relocate to the region receive tax abatements from the Governor’s Office of Economic Development as incentive to relocate, create high-paying jobs and make capital investments in the state.
A complete list of the companies is available here.
UNR adds logistics program
This week the University of Nevada, Reno also announced the addition of a logistics program to its College of Business. The program is fully funded by local business partner ITS Logistics.
University officials said the new program will help to “create a direct talent pipeline” between students and job opportunities in the state.
Of the companies that EDAWN helped to expand or relocate to northern Nevada, 12 are in logistics and distribution and estimate to have 735 jobs.
