LVGEA Featured in the News
13 firms in Southern Nevada awarded $45M in state tax incentives
Las Vegas Review-Journal
Thirteen firms with plans to relocate or expand their operations in Southern Nevada, received a combined $45.1 million in tax incentives from the Governor’s Office of Economic Development.
“I would like to welcome these great companies to Nevada who are making a major investment in our economy,” said Gov. Steve Sisolak in a Thursday statement announcing the awards. “As we look to reskill workers whose jobs were displaced during the pandemic, these companies are creating skilled jobs with competitive wages.”
The companies are projected to add 2,314 jobs to the region over the next five years at an average hourly wage of $33.36.
The positions are in industries such as technology, manufacturing and logistics, which the Las Vegas Global Economic Alliance said is “critical for the region’s economic growth and diversification.”
Las Vegas economy on a roll, but long-term concerns exist, speaker says
Las Vegas Review-Journal
“We’ve spent our way to prosperity,” Jeremy Aguero, principal analyst at Applied Analysis, said during a presentation Friday at the Las Vegas Global Economic Alliance’s 41st annual Las Vegas Perspective event.
That money and continued demand will likely help carry the economy through all of 2022, Aguero said. He asked, What happens when that money is used up?
“A bigger economic cliff is being created by our response policies,” Aguero said. “At some point, the bill is going to come due.”
In addition to Aguero, Bo Bernhard, vice president of economic development at UNLV, and Erica Orange, executive vice president and chief operating officer of The Future Hunters, also presented during the event.
Bernhard sees plenty of opportunities for Las Vegas to diversify its workforce, starting with the hometown university.
Business leaders head to nation’s capital with an agenda to help Nevada
Las Vegas Sun
This week, the Vegas Chamber, in partnership with the Las Vegas Global Economic Alliance, will take more than 150 business and community leaders to our nation’s capital for our annual Washington, D.C. Fly-In.
As Southern Nevada recovers from the devastating economic impact of the pandemic, this trip is more important than ever.
There is so much happening in Washington, D.C., right now — allocation of the American Rescue Plan funds; the potential passage of an infrastructure package that could address transportation and broadband issues in our state; and policy changes regarding workforce development and labor law that are important to our employers, jobs, and the overall economy — it is essential for Nevada leaders to engage. The Fly-In is an opportunity to listen, learn and lend our perspectives on these important policy topics.
Motional invests in its Las Vegas operations with expanded testing and R&D capabilities
Robotics and Automation News
Motional is now significantly expanding its Las Vegas footprint as it continues to scale up ahead of its 2023 commercial robotaxi deployment. The company is tripling the size of its Las Vegas closed-course testing facility, doubling its operations center, and growing its Las Vegas team by over 100 new employees. This represents Motional’s largest operations investment in the Las Vegas area to date.
Jonas Peterson, LVGEA president and CEO, says: “Las Vegas is a city where innovative companies have the space and resources to thrive, and Motional’s success in our region is a great example of that.
“The company’s continued investment in our region will help us innovate our way to a stronger, more diversified economy while also bringing high-quality jobs to our residents.”
Crown Holdings Expands North American Footprint with New Beverage Can Plant in Mesquite, Nevadaspan>
Crown Holdings, Inc. (NYSE: CCK) (Crown), reported today that its previously announced Southwestern United States aluminum beverage can manufacturing facility will be located in Mesquite, Nevada.
“On behalf of Crown, I would like to thank our many partners for their coordinated efforts in this initiative, including the Nevada Governor’s Office of Economic Development, Las Vegas Global Economic Alliance, Mesquite City Public Works and Development Services, and Cody Law and Colton Teerlink of Citywide Consultants who served as advisors to the City of Mesquite, Nevada,” said Timothy J. Donahue, President and Chief Executive Officer.
Ball Corporation to open $290M facility in North Las Vegas
Ball Corporation has announced it will build a nearly $290 million facility in North Las Vegas.
The company says it plans to invest nearly $290 million in its North Las Vegas facility over multiple years.
According to Ball, the facility is expected to create nearly 180 manufacturing jobs when fully operational. Las Vegas Global Economic Alliance said that the average wage will be $32.53.