The Las Vegas Global Economic Alliance (LVGEA) Executive Committee voted unanimously to endorse a $5.4 million budget.
The budget will fund the alliance’s strategy in developing the economies in the Las Vegas valley, as well as Boulder City and Mesquite. The strategy includes “imperatives” to lead economic development efforts in the region and promote Southern Nevada for global business.
“Two years ago, the Southern Nevada community adopted a new vision for economic development with the reorganization of the NDA into LVGEA,” said Glenn Christenson, chairman of the LVGEA Executive Committee. “Today, we are delivering on the new mission and a redefinition of economic development. Over the next few years, the LVGEA will expand its programs and become an engine, not only of economic development, but of community development.”
The LVGEA is kicking off a campaign to fund its Strategic Plan. Dubbed the Engage Southern Nevada investment campaign, the goal is to raise $2.33 million for regional economic development efforts each year for three years.
“This is big news for the region,” said Tom Skancke, president and CEO of the LVGEA. “Over the past 11 months, our organization has worked collaboratively to develop the tools that it will need to succeed in the coming years. We developed a strategic plan, and we passed a strategic budget. Now, we are asking for the community’s help to get us to where we need to be.”