CARSON CITY, Nev. (KRNV & MyNews4.com) -- Some good news for northern Nevada's economy: the Northern Nevada Development Authority announced today that they've reached $1 billion in economic impact across five counties and regions.
Governor Brian Sandoval and NNDA Executive Director Bob Hooper made the announcement today. Part of the NNDA's job is to attract businesses to the region, and they say their hard work over the past three years is paying off, but there's still more to be done.
They came together to announce that over the last three years, 4,000 new jobs have been created in Storey, Lyon, Churchill and Douglas counties and Carson City, creating the $1 billion impact on the region.
"That means people are employed, they're buying houses, they're buying services, they're going out to eat. It's a tremendous impact for this region of the state," says Governor Sandoval.
Sandoval says the NNDA and the state have worked hard to set Nevada apart from other states. "It's very competitive out there. There are a lot of other states that want these companies just like Nevada, so I give them the entire pitch: if they come here, they'll have a great quality of life, their kids are going to receive a good education. They're gonna have a qualified workforce," Sandoval says.
And Hooper says the pitch message seems to be working. "We're maintaining a list of about 200 companies all the time that are looking at us in different stages of evaluation. We're running about 1.5 companies a month coming in."
Both say there is still room for growth to keep this momentum going. Hooper says the NNDA hopes to put more focus on the manufacturing and agricultural sectors. "We see that as a real big opportunity for us to grow more of our foods here...to bring in more of the processors here." Hooper says two years ago, there was a 26 percent industrial vacancy rate in the region. That number is now down to 2 percent, and he says they're looking to put contractors and builders back to work.