As we advance through 2021, we have many reasons to be optimistic. Our pipeline of prospective companies is growing, unemployment rates are declining, major development projects continue to advance, and vaccine availability holds the promise of bringing normalcy back to our community and economy. Perhaps even more importantly, Southern Nevadans are once again coming together to reinvent and reinvigorate our economy.
Read about what has been going on at LVGEA.
LVGEA Helps Bring Jobs
Three companies have been approved for state incentives to relocate to or expand in Southern Nevada with the assistance of LVGEA. The following companies will add 367 regional jobs in the next five years: Safe Life Defense, Lithion Battery and GigaCrete. Read more here.
New LVGEA50 Chairwoman
LVGEA has welcomed a new Chairwoman of the Board, Betsy Fretwell, SVP of Switch Cities with Switch, the Las Vegas-based technology infrastructure corporation. Fretwell had served as vice chair of the Board the past two years. Continue reading here.
CBS This Morning
LVGEA was featured on “CBS This Morning” in a segment about Southern Nevada. Interviewed by Lead National Correspondent David Begnaud, Jonas was able to share positive news about the region’s recovery as the vaccine rollout begins. Check out this post with more details here.
Here, we spotlight our investors at the Champion level and above, showcasing the work they are doing to improve Southern Nevada.
Through strategic economic development spanning diverse sectors, the city of Henderson is bringing Southern Nevada new jobs and opportunity as well as greater economic vitality and strength, resulting in a comprehensive economic impact that is enhancing the region’s quality of life and empowering its future.
Even as Henderson nurtures existing business and industry, the city has attracted new investment from leading companies including Google, Haas Automation, Amazon and Kroger Distribution. In addition to increased employment, an expanded tax base and significant multiplier effects, new development projects have also yielded other dynamic improvements.
For example, the creation of a new advanced manufacturing training program, spurred by Haas’ operational needs, builds the region’s critical workforce skills. Henderson’s potent talent pipeline also supports state-of-the-art healthcare services including groundbreaking sector developments such as Union Village-Henderson, one of the world’s first integrated healthcare villages. Another well-being enhancement: The city’s leverage of public-private funding in the construction of two new venues in support of the new Henderson Silver Knights American Hockey League team, which have also expanded regional resources, recreation and entertainment options.
Henderson’s development efforts, generating a more robust, diversified economy and a more vibrant quality of life, could not have been successful without powerful collaboration with far-sighted and dedicated regional partners.
In the News
See below for more updates on LVGEA in the media and on our News Center.
Nevada is home to more than 3 million residents, with 2.3 million clustered in the state’s southern portion. The state’s largest county, Clark County, is also one of the fastest growing in the nation.
“Our high population growth rates prove Southern Nevada is a place where people want to live,” explains Jonas Peterson, President and CEO of the Las Vegas Global Economic Alliance (LVGEA). “For employers, this ability to attract new talent is often a very powerful advantage. The workforce in Southern Nevada is a pleasant surprise for many of our employers. Here you’ll find a highly diverse, customer service focused, flexible, socially intelligent and abundant workforce.”
The Las Vegas Global Economic Alliance (LVGEA) hosted its signature State of Economic Development event, which took place virtually for the first time. This year’s event brought together elected officials as well as community and business leaders from Southern Nevada and across the state to discuss the region’s recovery, workforce development, and new initiatives.
The program began with remarks from Michael Brown, director of the Nevada Governor’s Office of Economic Development (GOED), who addressed economic recovery and helping small businesses across the state, as well as minority- and veteran-owned business owners. Continue reading here. →
Credit card maker Arroweye Solutions plans to double down and expand its presence in Southern Nevada.
The manufacturer said Tuesday it will consolidate its operations in Louisville, Kentucky, and Henderson into a new, larger manufacturing facility near McCarran International Airport. […]
Perry Ursem, Las Vegas Global Economic Alliance’s vice president of business retention and expansion, said in a news release that the group is “thrilled” to see Arroweye’s growth by bringing “competitive-wage jobs to Clark County for years to come.”
As we close the chapter on an unprecedented year, one topic remains at the forefront of everyone’s minds: education. This has been a challenging year as schools at all levels have adjusted to the pandemic. We want to bring you the latest updates and commentary on education from our polling of the community, as well as a guest column from LVGEA 50 Board member and CCSD Superintendent Dr. Jesus Jara. Education and workforce development remain close to our mission at LVGEA and we look forward to continuing our focus on those areas in the new year.
Read the full newsletter and columns from CCSD Superintendent Dr. Jara and Applied Analysis Principal Brian Gordon here.→
Workplace privacy is back in style, and one small Southern Nevada company is taking advantage. Cubicall, which designs and builds private workspaces that resemble phone booths, was incorporated in Southern California in 2017 by brothers Anthony and Nick Pucci. They moved the company to North Las Vegas last year. […]
Cubicall is “a great example of the kinds of innovative businesses that are now calling greater Las Vegas home due to quality of life, cost and opportunity,” said Jonas Peterson, president and CEO of the Las Vegas Global Economic Alliance, which works to develop the region’s economy.
The first LVGEA newsletter of the year, the Economic Snapshot tracks the following data in Southern Nevada currently and compared to the prior year: demographics, such as population and median household income; labor force employment, unemployment, and percentage with a Bachelor’s Degree or higher; economic figures, including taxable retail sales, average weekly wages, average weekly hours worked, and per capita personal income; tourism, visitor volume, gross casino gaming revenue, convention attendance, and airport passengers; and the real estate markets for offices, industry, retail, and residential.
Readers are invited to visit the Data Portal to search, access, and export important information. Read the full Economic Snapshot here. →