WNDD Economic Recovery Update – May 2021
The May 2021 edition of the Western Nevada Development District’s Economic Recovery & Resiliency Update features a variety of information you can use.
Here are key takeaways:
1. The WNDD’s Economic Recovery and Resiliency Council, with its associated team members, supported by WNDD staff, identified four broad target areas needing focus and attention to recover from COVID-19 and become more resilient to future economic shocks.
2. Nevada is beginning to recover from the impacts of the COVID-19 pandemic. The booming housing market, the return of notable events in Reno, the Washoe County gaming win, projected statewide revenue projections, and increased traffic at the Reno Tahoe International Airport are a few metrics we analyzed across the state.
3. The WNDD Board of Directors will review an update to the Comprehensive Economic Development Strategy and rankings of more than 30 projects related to the strategy at its June 28 meeting.
4. In May, the Department of Treasury announced its Coronavirus State and Local Fiscal Recovery Funds guidelines. The stimulus money marks one of the most significant infusions of federal dollars into the state in history.
This monthly newsletter is part of WNDD’s effort to identify and develop strategies to create and build a more resilient economy in our region, plus the latest in available grant opportunities.
