This page provides the latest feature content on Nevada Economic Development Industry from Nevada Business Magazine, plus additional resources.
Latest Feature on the Nevada Economic Development Industry
How Nevada Stacks Up
By Kay Fowey
Originally published: https://www.nevadabusiness.com/2021/09/how-nevada-stacks-up-2021/
Each year, Nevada Business Magazine compiles data comparing Nevada to other states and to U.S. averages. A big part of these annual exercises is tracking how the state responds to the ups and downs of economic cycles. However, assessing the damage done by the economic fallout of the COVID pandemic is rather like taking stock after a Category 5 hurricane. Although the sun is finally peeking through the clouds, the numbers show that it’s not yet time for Nevadans to put away their sandbags and umbrellas.
Compared to other states, Nevada’s economy took heavy damage over the past year because of its dependence on travel and tourism. In addition, it is still challenged with low rankings in education and healthcare, along with a higher-than-average crime rate. These long-standing problems affect Nevadans’ quality of life, as well as impeding efforts to diversify the economy by attracting new businesses.
Latest Nevada Economic Development Industry Feature
Economic Forecast 2021: Recovery vs. Recession
February 2020: Nevada’s economy was at a peak. Unemployment stood at 3.6 percent. The state led the nation in new job creation.
March 2020: Governor Sisolak ordered all nonessential businesses to close and Nevada entered the worst recession since 2008. In two months, 280,000 Nevadans lost jobs. [Read More]
Economic Development in the Time of COVID-19: Diversify, 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). [Read More]
Economic Forecast: Building on Nevada’s Strong Economy: As Governor Steve Sisolak looks at the state’s strong economic performance at the dawn of a new decade, he sees it well-positioned to make investments that will create jobs and wealth for years to come. [Read More]
Industry Focus: Economic Development
The economy is constantly changing and, there are many factors at play when it comes to determining economic health. Thankfully, according to economic development leaders, Nevada is in a position to create positive outcomes. [Read More]
How We Stack Up 2018
Each year, Nevada Business Magazine collects data comparing Nevada to other states and to past years, tracking economic cycles and delivering a snapshot of what it’s like to live in the Silver State. [Read More]
Henderson Takes Flight It’s the second largest city in the state, but when Henderson residents talk about their city, they talk about community. As a community, Henderson has created a strategic plan to guide growth, looking ahead 20 to 30 years to make sure it’s still a city residents love. [Read More]
Perspective Shifts: Power Poll 2018 Last year was a year of change in many ways, especially in the Silver State. With mid-term elections coming up in November and a changing of the guard in the Governor’s office, this year will shake up the status quo even more. [Read More]
Las Vegas Reinventing a Strong Future: Open for Business As one of the fastest growing metropolitan areas in the country, it’s no surprise Las Vegas has a strong economic engine. A creatively strong economy, Las Vegas is blending new technology with existing infrastructure, from the downtown Innovation District to the Smart Cities Initiative. [Read More]
The Full Focus: Economic Development in Nevada In 2012, The Silver State released “Moving Nevada Forward: A Plan for Excellence in Economic Development,” a three-year roadmap for continuing to advance from post-recession doldrums and a 12 percent unemployment rate toward “a vibrant, innovative statewide economy,” Gov. Brian Sandoval wrote in the document. [Read More]
Blueprint for Evolution: Economic Development in North Las Vegas: Cities evolve. They follow distinct life cycles as economic conditions change. For the past three years the City of North Las Vegas has experienced a renaissance, and economic development is the driver igniting the growth. [Read More]
Business Roots: Nevada’s Economic Development History: The Silver State has a unique origin story. Despite being much less economically viable and populated, Nevada beat out the other territories to become a state in 1864 because of its Republican and pro-Union leanings. [Read More]
Industry Focus: Economic Development: Economic development continues to be an important priority for the Silver State. Many factors go into diversification including incentives for businesses, education and workforce training. [Read More]
Nevada Economic Development Industry Resources
Nevada Governor’s Office of Economic Development: GOED promotes a robust, diversified and prosperous economy in Nevada.
Economic Development Authority of Western Nevada: The Economic Development Authority of Western Nevada (EDAWN) is a private/public partnership established in 1983, committed to adding quality jobs to the region by recruiting new companies, supporting the success of existing companies, and assisting newly forming companies, to diversify the economy and have a positive impact on the quality of life in Greater Reno-Sparks.