Workforce and Residential Issues in Northern NV Spotlight

Northern Nevada highway with cars

While Northern Nevada’s economic growth streak begins to slow down, workforce and cost-of-living issues are in the spotlight. However, the region is still a hotbed of business activity, job creation, and population growth due to the environment local leaders have created and look to continue fostering in 2020.

That’s according to the most recent forecast hosted by the Economic Development Authority of Western Nevada (EDAWN). The keynote speakers’ opinions spotlight intriguing viewpoints, trends and projections so your credit union can plan appropriately.

As Northern Nevada’s economic growth is expected to continue in 2020 and possibly well into 2021, some of the region's business leaders’ fears include an upcoming economic recession.

But what they really should be worried about is “complacency,” the forecast presenter said. As Northern Nevada (especially the Reno-Sparks region) has exploded in population, innovative businesses, and new consumers, it would be easy for leaders to sit back and rest on their laurels. 

Nonetheless, even in all its economic glory, Northern Nevada is continually impacted by job-wage growth that can’t keep up with other expenses for workers.

Click here to view the entire Northern Nevada Economic Forecast report on the "Your Economy - Your Credit Union" webpage!

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