Fifteen years after hitting rock bottom during the subprime mortgage crisis, a resurgent Northern Nevada finds itself facing challenges from the very growth it desperately sought.
Housing affordability and pressure on infrastructure were at the top of Taylor Adams’ mind as the economic development executive gave his report on the state of Northern Nevada’s economy on Thursday.
The president and CEO of the Economic Development Authority of Western Nevada kicked off his presentation at the annual “State of the Economy” luncheon by mentioning sustainable growth — a key component in maintaining quality of life while ensuring that people born and raised in Northern Nevada can not just work but also afford to stay in the region.
“The American Dream is alive and well,” Adams said. “But not every person in the community has access to it.”
The problems with growth for the sake of growth
The region’s current growth is a far cry from the issues faced by Reno-Sparks in the Great Recession and global financial crisis back in 2008.