51,000 new primary and secondary jobs are coming to the Reno-Sparks area over the next five years. See the RGJ’s story: Job growth to test region’s infrastructure says EDAWN
But who’s going to fill these positions?
Nevada currently has the second fastest growing population in the nation; so perhaps these jobs will be filled with job seekers relocating to the region. But can the region’s infrastructure (roads, housing, schools, healthcare system, water supply, etc.) support that kind of growth and continued population increase?
Regarding housing I can say that inventory is already at historically low levels. Buyer demand is currently already very strong — even though it’s only January. Home prices have nearly doubled since bottoming three years ago. Where is the additional housing stock going to come from? Where is it going to be built? KTVN news recently reported that there are several new housing developments underway throughout the Truckee Meadows. But will that be enough to satisfy homebuyer demand and keep home prices in check.
To address these concerns and others, the Economic Development Authority of Western Nevada (EDAWN) has convened a regional planning group, the Economic Planning Indicators Committee (EPIC). See the RGJ Opinion piece: Kazmierski: 50,000 jobs coming to Reno area – now what? In the piece, Mike Kazmierski, president and CEO of EDAWN, says EPIC’s mission is: “to identify in detail the who, what, where and when impacts of this growth. The goal is to get this information out to the community by March 1st.”
I will keep readers posted on updates as I receive them.