The Las Vegas Global Economic Alliance is a public-private partnership dedicated to growing the economy of the Greater Vegas region through intentional business attraction, expansion, and connectivity.
LVGEA has been designated as one of eight Regional Development Authorities (RDA) in Nevada by the Governor’s Office of Economic Development (GOED) for 2022-2023. Each RDA receives oversight and financial support from GOED.
Fostering Region-wide Collaboration on Economic Development
Prior to the formation of the LVGEA, regional economic development efforts in Southern Nevada were significant but lacked organization. Municipalities in Southern Nevada battled for new economic development projects. Legislation passed by the Nevada legislature in 2011 called for better coordination of municipal economic development efforts, and LVGEA, as the new regional economic development authority, took up this call.
To strengthen the Greater Vegas economy through intentional business attraction, expansion, and connectivity.
The Las Vegas Global Economic Alliance (LVGEA) brand was established in 2012.
The organization’s heritage is forged from a rich history of economic development achievements dating back to 1956, when the Southern Nevada Industrial Foundation was formed. Later rebranded as the Nevada Development Authority, the organization underwent a major transformation when Nevada Gov. Brian Sandoval worked with the Legislature to restructure Nevada’s economic development landscape in 2011.
The Southern Nevada business community coalesced around an economic diversification strategy that facilitated the rise of a restructured regional economic development entity. The NDA then became the LVGEA.
Throughout its various iterations, the organization has embodied a mission that wedded diversification and infrastructure planning with the overall goal of facilitating economic growth in Southern Nevada. LVGEA will expand upon its diversification efforts by targeting global opportunities that hold potential to stabilize the region’s economic future.