Nevada has sustained strong economic growth for several years, consistently at or near the top of national rankings for various growth measures, including population, employment, and wages, among other metrics. But as strong as the state’s economy has been, Northern Nevada and the Reno area in particular have seen impressive growth buoyed by the rapid expansion of the manufacturing and technology industries in the region and a boom of investment and development projects. Tesla has surpassed its hiring and payroll goals for the Gigafactory, companies such as Apple and Google continue to build and expand data centers at the Tahoe Reno Industrial Center (TRIC), and cutting-edge startups like the finance technology and blockchain company Figure Technologies as well as Blockchains, LLC have expanded operations in Reno and have large plans for the future, just to name a few developments driving growth in the region.

Over the 12 months through April 2019, manufacturing employment in the Reno metropolitan area rose by 17.7 percent, or roughly 4,000 jobs, making it the fastest growing sector in the region. Since the beginning of 2017 the sector has added over 11,000 jobs, nearly one-third of the 35,000 total new jobs created in the period. This has increased manufacturing’s overall share of employment in the Reno area from 8.2 percent to 10.2 percent. While Tesla and Gigafactory cotenant Panasonic have accounted for a significant portion of the sector’s growth with roughly 7,000 jobs, other manufacturers have grown along with them to significantly increase the sector’s presence in the region.

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