2022 At A Glance

2022 was a year of transition for the Las Vegas Global Economic Alliance (LVGEA). The organization celebrated 10 years of helping grow and diversify the region’s economy, and has assisted 312 companies with relocation to or expansion in the Greater Vegas region, creating 32,600+ jobs, over the past decade. The organization also hired a new executive team, led by President & CEO Tina Quigley, leading to a new, more intentional economic development strategy focused on sustainable development. Here is an overview of the ways LVGEA brought value to Greater Vegas in 2022:

1

LVGEA Hires New Executive Team

In February 2022, LVGEA announced that Tina Quigley was named the new President & CEO. In September, Amber Stidham was named Chief Strategy Officer of the organization, and to round out the organization’s C-suite, Bill Arent was hired as Chief Business Development Officer in November.

2

LVGEA Assists 11 Companies in Moving to or Expanding in Greater Vegas

In 2022, LVGEA assisted 11 companies with relocating to or expanding in the region, leading to the creation of a total of 2,136 jobs in the Greater Vegas region. These companies are expected to generate $84.6M in new tax revenue within five years.

3

LVGEA Leads Regional Effort for Build Back Better Regional Challenge Grant

In March 2022, The Southern Nevada Regional Growth Cluster, led by the LVGEA, submitted an $80M grant application for the Build Back Better Regional Challenge. While Southern Nevada was not selected as a grant recipient, it was a watershed moment for the region as every educational, municipal, state, and workforce partner worked together, showing a level of regional collaboration previously unseen in Southern Nevada.

4

Updated Workforce Blueprint Identifies Top In-Demand Jobs for Southern Nevada

A regional partnership led by LVGEA released an updated Workforce Blueprint in April 2022, identifying the top in-demand jobs in Southern Nevada, including software developers, engineers, and nurse practitioners. The Workforce Blueprint was created in collaboration with Workforce Connections, the Nevada Governor’s Office of Economic Development, Vegas Chamber, Henderson Chamber of Commerce, Urban Chamber of Commerce, and Latin Chamber of Commerce.

5

Inaugural INSIGHT with LVGEA Event Hosted

LVGEA hosted a brand-new event in 2022, INSIGHT with LVGEA, an investor-exclusive look into the business development section of the organization. The new event series provides investors an opportunity to directly connect with the LVGEA team and learn more about the work we’re doing. The inaugural event in May provided a look at LVGEA’s attraction efforts and strategy. A second event in November featured a group of national site selectors who provided insight into what companies look for in a potential market.

6

LVGEA Launches Biweekly Newsletter

In September 2022, the LVGEA launched a bi-weekly newsletter helping to open the door to vital and valuable content relative to economic development to better equip the region it serves. The Economic Edge, as the newsletter will be called, replaces LVGEA’s monthly economic and event pieces, although that information will continue to post on the News Center and as a link within the email as it launches into a weekly cadence moving into 2023.

7

Data Portal Gets a Refresh

In October 2022, the LVGEA Data Portal was relaunched with the same great information, just in a more user-friendly format. The free data portal provides multitudes of information about Southern Nevada’s economy and its diverse population. The relaunched portal also also includes a valuable new ’10 Things You Should Know About Greater Vegas’ downloadable document for public use.

8

Videos Highlight Region’s Target Industries

To showcase LVGEA’s target industries, LVGEA produced a video series highlighting companies LVGEA has assisted in relocation to or expanding in the Greater Vegas region. Highlighted companies include Boxabl (General & Advanced Manufacturing), Vū Studios (creative Industries), Lithion Battery (General & Advanced Manufacturing), and Nuro (Transportation & Logistics).

9

Two LVGEA Events Break Attendance Records

600+ people attended the annual 2022 State of Economic Development event in March 2022, a record number of attendees. In June 2022, the 42nd annual Perspective became the organization’s most-attended in-person event in history, with more than 700 registered participants.

10

LVGEA supported Workforce Connections and other regional partners in launching seven industry Sector Partnerships in 2022, each focusing on one of the region’s seven target industries. These partnerships brought together industry employers and education institutions to identify workforce challenges and opportunities for collective action. Working groups were established post-launch to further refine priorities and action steps.