New data suggests that Northern Nevada’s startup ecosystem is growing strong. Our Contributor Kaleb Roedel of the Northern Nevada Business View reports.
In 2013, the entrepreneurial landscape in Northern Nevada was a barren desert.
Only recently removed from being rocked by the Great Recession, Reno-area startup companies brought in just a few dozen jobs and fairly little venture capital, roughly $2 million that year.
Now, halfway through 2018, regional startups have already poured in 210 new jobs and raised a whopping $24 million in capital, and according to the Economic Development Authority of Western Nevada, start-ups are on pace to easily surpass the $35 million in capital raised by area startups in all of 2017.
Most of that surge is due to the area's low cost of living and labor. Combine that with somewhat limited competition and a better shot at sticking out, the Biggest Little City has been growing into a mini-Silicon Valley.
In other words, not only is the ecosystem trending upward, but it's showing no signs of slowing down.
Read more at Northern Nevada Business View.