EPIC report projects 50,000 jobs in next five years
The long anticipated EPIC Report was released Tuesday by the Economic Development authority of Western Nevada.
The report has been cited for months in reference to predictions of significant job growth in the region over the next five years, which is expected to spur monumental population growth.
The report provides four possible growth scenarios for a five-county study area comprised of Washoe, Storey, Carson, Douglas and Lyon counties. The forecast indicates the region should potentially see job growth between 47,400 to 56,600 and population growth ranging from 42,400 to 64,700 from 2015 through 2019.
“How we handle our projected job and population growth will be key to our region’s future success. That’s why our Reno City Council has pinpointed planning for growth as a top priority,” Reno Mayor Hillary Schieve stated in a press release.
The report was commissioned by EDAWN, on behalf of the Economic Planning Indicators Committee (EPIC), and was conducted by John Restrepo and RCG Economics LLC (RCG).
The purpose of the study is to forecast how many jobs and residents will potentially be located in the study areas by 2020, based on current and anticipated growth trends. The study area was segmented in 18 “EPIC Zones.” The where and how growth will occur will be largely based on expected changes in land use patterns and economic activity over the five-year time period.
A full review and update of the report is planned for 2017.
The complete report can be accessed on the EDAWN website at: http://edawn.org/epic-report/