Welcome to 2024. Following three years of economic extremes, from historic high unemployment and business lockdowns to the pandemic-caused bust and stimulus-caused boom, it's been a ride. The Governor's Economic Advisory Council, launched in tumultuous 2020, is lead by Bob Potts, deputy director, Governor's Office of Economic Development (GOED). The council collects data … [Read more...] about Extreme Takeoffs and Soft Landings
Bob Potts
Nevada Governor’s Office of Economic DevelopmentThe Transformation of Nevada
In April of 2020, with all nonessential businesses closed, unemployment in southern Nevada stood at just over 31 percent; in northern Nevada it was more than 18 percent. By December 2020 Las Vegas had dropped to 12.2 percent and Reno to 5.8. Put simply, that is the effect of diversifying the economy, a process that Nevada’s development authorities have built on experience from … [Read more...] about Nevada Governor’s Office of Economic Development
Economic Development in NevadaOpportunities and Obstacles
Economic development has been scaling up in recent years, working to diversify into a more stable state economy. “We work with all the regional development authorities,” said Bob Potts, deputy director, Governor’s Office of Economic Development (GOED). “They get state funding from us, and we contract with them for the scope of work.” GOED works the legislative and policy … [Read more...] about Economic Development in Nevada
Governor’s Office of Economic DevelopmentThe Heart of Workforce Development
It’s the first thing companies ask when looking to locate or expand to Nevada. Before they ask about taxes or incentives, they ask about workforce. “We’re trying to attract companies based on the industries and target sectors we’re focused on,” explained Bob Potts, deputy director, Governor’s Office of Economic Development (GOED). “As we work with these companies, always at … [Read more...] about Governor’s Office of Economic Development
Economic Forecast 2022Nevada’s Economy Recovering – But Coronavirus Still Haunts State
Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined. The recovery was also assisted by employment recovering to pre-coronavirus levels in … [Read more...] about Economic Forecast 2022
Economic Development in the Time of COVID-19Diversify, Grow, Survive or Thrive
“Before March 2020, Nevada led the country in producing new jobs,” said Jonas Peterson, president and CEO, Las Vegas Global Economic Alliance (LVGEA). “Our economic development plan was working, and our economy was consistently becoming more diverse.” Across the state, manufacturing, logistics, distribution, technology and healthcare sectors were growing. In February, Nevada’s … [Read more...] about Economic Development in the Time of COVID-19
Real Estate Expo Las Vegas Brings “Las Vegas Housing Outlook” to Cashman Center
LAS VEGAS – Real Estate Expo Las Vegas, a two-day event that kicks off on April 8 at Cashman Center, will include the latest installment of the “Las Vegas Housing Outlook,” presented by Southwest Gas. The presentation features an in-depth look at consumer housing demand in Las Vegas by Home Builders Research, Inc. President and CEO Dennis Smith. This event will provide … [Read more...] about Real Estate Expo Las Vegas Brings “Las Vegas Housing Outlook” to Cashman Center