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
Northern Nevada Development Authority (NNDA)
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
Around the StateAugust 2019
Mineral County Joins Nevada's Sierra Region The economic development service area of the Northern Nevada Development Authority (NNDA) has now been expanded to include Mineral County. The addition grows Nevada’s Sierra region to a total land mass of 7,009 square miles and a population of over 165,450. In addition to Mineral County, the region includes Carson City and Douglas, … [Read more...] about Around the State
Spotlight on Rural NevadaA Snapshot of the Silver State’s Frontier
Nevada’s rural areas often get outshone or out-reported by their larger urban counterparts, which is an oversight for at least two reasons. One, the state is primarily rural, defined by statute as cities and towns with a population under 150,000 people. Second, the rural regions warrant mention in their own right regarding business and economic development, as many are doing … [Read more...] about Spotlight on Rural Nevada
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. Since the plan was released, Nevada’s leadership and … [Read more...] about The Full Focus: Economic Development in Nevada
Hidden Treasures of Nevada’s Sierra Region
Northern Nevada Development Authority (NNDA) supports and enhances efforts to develop business within the Sierra Region, which includes Carson City, Churchill County, Douglas County, Lyon County and Storey County. “There are three major metro areas in the state: Las Vegas, Reno-Sparks and the Sierra Region on the east side of Lake Tahoe, which we represent,” said Rob Hooper, … [Read more...] about Hidden Treasures of Nevada’s Sierra Region
Building a Healthy Economy
Until recently, the term “medical tourism” largely referred to Americans traveling out of the country looking for affordable healthcare in technologically advanced but less expensive venues, from Mexico to Thailand and parts in between. Now the term is starting to come home, often referring to domestic travel of American citizens within U.S. borders, traveling to find the … [Read more...] about Building a Healthy Economy
Game Changers: Economic Development in Nevada
Nothing paints a clearer picture of the results of economic development than the Silver State. Nevada has transitioned from a state with the highest unemployment rates in the country to a state welcoming Tesla to its economy, breaking ground on a 12,000-home master planned community, launching one of the first-of-its-kind interactive medical communities with Union Village and … [Read more...] about Game Changers: Economic Development in Nevada
A Future of Change: Economic Development
Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and vulnerable economy built on … [Read more...] about A Future of Change: Economic Development
Economic Development: Critical to Nevada
When it comes to Nevada’s future, economic development is critical. Over the last 12 months, The Silver State has made strides on this front. Among other accomplishments, the Governor’s Office of Economic Development (GOED) hired a leader in November 2011. This spring Gov. Brian Sandoval released “Moving Nevada Forward: A Plan for Excellence in Economic Development … [Read more...] about Economic Development: Critical to Nevada
Economic Development: The New Plan
Revenue – money flowing in – is the life’s blood of any household, business or organization. For the state of Nevada, revenue forecasts for 2012 and beyond are mostly positive… but continue to hinge on a variety of factors close to home and half a world away. Progress is being made on a number of fronts to generate new and perpetuate existing revenue streams, even as dark … [Read more...] about Economic Development: The New Plan