Connection Points | December 2017
Connection Points Newsletter | December 2017 “By almost all measures, 2017 has been another record-breaking year for economic development in Southern Nevada. Our team, with the help from many partners, assisted in the creation of over 5,500 jobs– a new record for our region. While staying focused on job creation, we also significantly grew our policy, marketing, research, strategy and small business services to deliver even more impact for our residents. Perhaps most importantly, the “LVGEA 50” emerged as the largest business board of its kind in the Silver State, to advance our – Jonas R. Peterson In 2017, our team assisted in the expansion and relocation of 36 companies, and we worked with partner organizations to help create 5,679 jobs. Check out our news center for recent company announcements. LVGEA’s will hold its 4th-annual State of Economic Development on Jan. 23, 2018. The event will provide insight on the investments being made in Nevada through economic development & job creation. Economic Development leaders are coming together in Las Vegas for the IEDC Leadership Summit, Jan. 28-30, to focus on re-imagining the approach and process of economic diversification and advancement. LVGEA, Southern Nevada’s regional development authority, is ending the year on a strong note. Together with partner organizations, the LVGEA assisted in the expansion and relocation of 36 companies in 2017, projecting the creation of 5,679 total jobs for the region over the next five years. Of the 36 companies, 66 percent were categorized as manufacturing logistics—one of the LVGEA’s target industries that were identified early this On Wednesday, Dec. 6, LVGEA and the UNLV CBER teamed up for Outlook ’18, where more than 400 community and business leaders gained an in-depth analysis of what to expect heading into 2018 on the local, national and global levels. The Las Vegas Global Economic Alliance (LVGEA) recently announced that Senior Vice President of Switch CITIES, Betsy Fretwell, became the 50th member of the organization’s Board of Directors known as the “LVGEA 50.” The The LVGEA released an updated two-year Action Plan for 2018-2019 that champions a prosperous, diverse and connected regional economy. With an overall goal of facilitating economic growth in the region, this plan will continue to guide the organization’s efforts to strengthen and diversify the region through 2019. Approved by the LVGEA’s Board of Directors (LVGEA 50), the Action Plan includes revised goals, milestones and performance metrics aligned with the organization’s four strategic imperatives With the assistance of the LVGEA, four companies will expand or relocate to the Las Vegas area, projecting the creation of 390 total jobs over the next five years. P3 Health Partners, Progress Rail, Originate and Precision Tube Laser were approved for incentives today by the Board of the Governor’s Office of Economic Development (GOED). Since Jan., the LVGEA has assisted with the expansion and relocation of 30 companies, which are expected to The Las Vegas Global Economic Alliance (LVGEA) released a new Workforce Blueprint, identifying the high-demand occupational priorities for Southern Nevada. By taking into account recent economic trends, existing employer needs, expected target industry growth, and aspirational community goals, the Blueprint identifies a list of the top 100 jobs that will be essential to support our region’s growing economy. Southern Nevada is making moves. We’re staying ahead of the curve with continued investment in infrastructure that is vital to everything from growing our economy to maintaining our overall quality of life. Take a look at an update from the Regional Transportation Commission, a survey of Southern Nevadans’ attitudes toward infrastructure, and an economic update from Applied Analysis. By Patrick Walker | 8 News Now KLAS The Las Vegas Global Economic Alliance’s 2018 outlook says the forecast for southern Nevada’s economy is sunny. By Steve Lopez | Los Angeles Times Part of Peterson’s job is to lure companies to Nevada, a state that runs on gaming money rather than tax dollars. “There’s no corporate income tax, no personal income tax…and the regulatory environment is much easier to work with,” said Peterson. By Nicole Raz | Las Vegas Review-Journal Jared Smith, chief operating officer of the LVGEA, said P3 Health Partners “combines” health care and headquarters operations, both identified by the alliance as high-growth target industries. The alliance helped the startup with its tax abatement application. By FOX 5 Vegas | KVVU FOX5’s Mike Doria shares the top 25 jobs and industries that will thrive in the future economy in Southern Nevada. By Nicole Raz | Las Vegas Review-Journal Nevada’s graduates are not adequately prepared to enter the workforce, according to a new report commissioned by the LVGEA. The top five in-demand occupations in Southern Nevada could collectively support 1,733 additional workers to meet current demand, according to the report. By Jonas Peterson | Special to the LV RJ As the race for the Silver State’s next governor heats up, we have a chance to build upon Gov. Brian Sandoval’s most successful policies. At the top of that list should be the continuation and strengthening of Nevada’s highly successful economic development system. By Nathan O’Neal | Channel 3 KSNV The deadline for Las Vegas to submitted its bid to become the next city where Amazon builds its second massive H2Q headquarters arrived Friday. “This is a big deal, said Jonas Peterson, President, CEO, LVGEA. “The proposal was our chance to speak with one voice.” By Michelle Rindels | The Nevada Independent “Part of our pitch was to acknowledge that and showcase how the community came together after that,” said Jonas Peterson, head of the LVGEA. “We’ve shown the entire world how we support our neighbors and friends.” By Doug Puppel | KNPR Radio Jonas Peterson with the LVGEA thinks people will be surprised by Las Vegas’ chances of bringing Amazon here. “This was our opportunity to speak as one community, one voice and really paint a picture for Amazon about what their future could look like in Southern Nevada.” Join the LVGEA on January 23 for the State of Economic Development event. This annual event will bring together elected officials, as well as community and business leaders from Southern Nevada and across the state to celebrate our advancements and gain insight on the investments being made in Nevada through economic development and job creation. Hear remarks from GOED’s Steve Hill and LVGEA’s Jonas Peterson, plus updates from city and county leaders <![if !mso]>StateofEconDev.com<![endif]>
During our Annual Awards Dinner, the LVGEA announced it has completed its two-year long “Drive to 50” campaign. Known as the “LVGEA 50,” our Board of Directors is the largest C-level business board of its kind in the state, The video below is part of a larger campaign to highlight the collective expertise of the board. Stay tuned. <![if !mso]>WATCH: LVGEA 50<![endif]>
The Las Vegas Global Economic Alliance works to diversify the economy and attract, retain, and expand businesses in Southern Nevada. As a community-supported 501(c)6 nonprofit entity, none of its work is possible without the generous support of its investors. The LVGEA is proud to showcase all of its investors while recognizing its Pinnacle Level and Presidential Level investors in this newsletter. <![if !mso]>VIEW INVESTORS<![endif]>
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