RENO, Nev. (KOLO) The Economic Development Authority of Western Nevada has delivered its annual State of the Economy address, touting new jobs, growth and economic development in Nevada. EDAWN has updated its strategic plan and gave an update on its Economic Planning Indicators Report.
"The energy and the enthusiasm, everyone is excited and they know good things are happening and they want to be a part of this reinvention of our economy as our community continues to get better," Mike Kazmierski of EDAWN says.
EDAWN reports bringing more than 2,000 jobs and 29 companies to the Silver State. Despite the growth, the biggest challenge moving forward is affordable housing.
"We have got to bring down the price in housing and rental market; it has to get more reasonable for all those jobs and all those people that are here and those that are coming as well," Reno City Councilwoman Neoma Jardon says.
EDAWN projects that based on the new growth, this area alone will need more than 30,000 housing units in the next five years.
"It's hitting us a little bit harder, so we need to be more supportive of density and provide more opportunities for housing development," Kazmierski says.
There will be a housing summit held March 7 to help address the crisis and find possible solutions.