At LVGEA, we believe economic development is a team sport. Now more than ever, we need to work together to overcome the economic and social challenges facing our region, state, and nation. Over the past month, our team has been hard at work connecting businesses with valuable, tools, programs and resources. Together with our teammates at the Urban Chamber and Vegas Chamber, we began an important conversation about creating equitable communities. And, we hosted the 40th annual Las Vegas Perspective with an in-depth look at our market conditions and recovery efforts. Please take a look at the content below for additional highlights from our team.
In the News
See below for updates on LVGEA in the media and on our News Center.
LVGEA, Southern Nevada’s regional development authority, is committed to helping local businesses weather the storm during the COVID-19 pandemic. First, LVGEA began a one-stop webpage providing resources from federal, state, and local sources to help businesses respond quickly and effectively to COVID-19. Then, LVGEA teamed up with the U.S. Small Business Administration (SBA) to begin hosting weekly webinars — attended by over 1,000 small businesses.
Three companies will relocate to or add operations in Southern Nevada with the assistance of Las Vegas Global Economic Alliance (LVGEA): Ai-RGUS, GuineaDad and REGO Automotive. The moves stem directly from lead-generation efforts. LVGEA partnered with local organizations to attract the companies. The companies will add a total of 81 jobs in the next five years. “We’re excited to see these companies adding jobs and investment in Southern Nevada,” said Jonas Peterson, president and CEO of LVGEA.
Jim Murren, the head of Nevada’s coronavirus response team, said Tuesday the state can do a better job as it waits for a vaccine to become broadly available in the state. “It is not your public right to not wear a mask,” Murren said in a morning presentation hosted by the Las Vegas Global Economic Alliance. Murren, the chair of the Nevada COVID-19 Response, Relief and Recovery Task Force, said people must be vigilant with social distancing and wearing face coverings.
Perspective is the region’s premier source for community and economic development information, analysis and forecasting. This year’s theme centered on “Together, We Can: Partnering on a Path to Recovery.” LVGEA President and CEO Jonas Peterson highlighted the need for partnership as a means to strengthen and protect the economy while the region recovers from the COVID-19 public health and economic crises. “We are going to bounce back,” he said. “We are going to do it together.”
Three businesses are opening new locations or expanding in the Las Vegas Valley, bringing 81 new jobs to the area over the next five years.
The expansions were facilitated by the Las Vegas Global Economic Alliance (LVGEA), which provides customized solutions for any business looking to expand to Southern Nevada, according to Chief Operating Officer Jared Smith.
Vadatech is a leader in design and manufacturing. Their equipment is used across radar processing systems, defense aerospace spheres, 5G network development applications, robotic surgeries in the medical field, and much more. Vadatech was founded in 2004 and is headquartered in Henderson, where it has a total of 92,500 square feet in manufacturing and engineering facilities. The company is a shining example of the diversity of industry in Southern Nevada.
Here, we spotlight our investors at the Champion level and above, showcasing the work they are doing to improve Southern Nevada.
Cox Communications is committed to creating meaningful moments of human connection through broadband applications and services. The largest private telecom company in America, the company proudly serves six million homes and businesses across 18 states.
The company is dedicated to empowering others to build a better future and celebrates diverse products, people, suppliers, communities and the characteristics that makes each one unique. Cox Las Vegas employs 1,600 Nevadans.
Cox Communications is the largest division of Cox Enterprises, a family-owned business founded in 1898 by Governor James M. Cox. The commercial division of Cox Communications, Cox Business provides voice, data and video services and cloud solutions for more than 355,000 small and regional businesses nationwide, including health care providers; K−12 and higher education; financial institutions; and federal, state and local government organizations.
Cox offers low-cost, home internet with Wi-Fi through its Connect2Compete program for eligible families, including those with at least one school-age child enrolled in the National School Lunch Program. The company has also donated and installed Cox Innovation Labs and Cox Technology Centers on behalf of several Southern Nevada nonprofits.
40th Annual Perspective
More than 1,100 people registered to attend the LVGEA’s first-ever virtual Vegas Perspective, marking the 40th anniversary of the event. Perspective is the region’s premier source for community and economic development information, analysis and forecasting. Read more here.
Creating Equitable Communities
On July 23, LVGEA President and CEO Jonas Peterson joined Urban Chamber of Commerce’s CEO Ken Evans and Vegas Chamber CEO Mary Beth Sewald for a conversation called “Creating Equitable Communities.” Watch the webinar here.
Perspective Data Book
The annual Data Book contains in-depth information about Southern Nevada’s economy, demographics, business environment, employment, and other useful market data. Digital and physical copies of Perspective available for purchase. Read it here.