Connection Points | March 2018
“Building on the momentum of 2017, the LVGEA started the new year strong and is on track to continue delivering tremendous results in job creation and community impact. During Q1, we assisted in the growth of more than 1,600 jobs and became designated as an Accredited Economic Development Organization, placing us in the top one percent of all economic development organizations in the United States. Take a look below for additional updates and to see how the LVGEA is continuing to push our community forward.”
– Jonas R. Peterson
During Q1, our team worked with partner organizations to help create 1,678 jobs in Southern Nevada, and have another 13 companies for Q2 in the pipeline. Check out our news center for recent company announcements.
The 38th-annual Las Vegas PERSPECTIVE event will take place on May 15 at the Park MGM and will feature keynote speakers, new publications and more comprehensive analysis on our growing market.
In Feburary, the LVGEA introduced the community to the “LVGEA 50,” the largest business board in Nevada. We unveiled a new website & social media campaign to highlight the collective expertise of the board.
With the assistance of the LVGEA, six companies are planning to expand or relocate to Southern Nevada, projecting the total creation of 1,018 jobs over the next three to five years.
The following companies were approved for tax incentives today by the GOED board:
Southern Nevada is thriving and continues to showcase its unique and powerful value propositions for businesses. Low operating costs, low regulation, and high quality of life continue to set our market apart and fuel the growth of high-value jobs, the rise of new industries and a stronger workforce.
The LVGEA proudly announced the addition of Rachel Schwimmer as the organization’s new fundraising manager.
Rachel will be responsible for identifying, cultivating and maintaining financial relationships with businesses to support LVGEA’s strategic initiatives. She will also play a key role in securing support for LVGEA events through sponsorship and advertising opportunities.
The largest business board in Nevada, the LVGEA 50 is made up of an impressive group of public and private sector leaders, dedicated to driving Southern Nevada’s community and economic development efforts in order to strengthen the region, create new jobs and spur capital investment.
“We believe it takes a team of passionate and dedicated leaders to grow our regional economy,” said LVGEA President and CEO Jonas Peterson. “We are blessed to have 50 of the most talented and influential leaders in Southern Nevada working together to advance our economic development mission.”
The latest employment estimates in Southern Nevada suggest the economy is expanding and remains one of the fastest growing communities in the country. By the end of 2017, total employment in the Las Vegas metropolitan area reached a record high of 998,800 employees, which represented an increase of 3.1 percent when compared to the prior year.
The LVGEA recently celebrated the announcement of its designation as an Accredited Economic Development Organization by the International Economic Development Council (IEDC). With only 61 groups across the country recognized as an AEDO, this places the LVGEA in the top one percent of economic development organizations.
“The Las Vegas Global Economic Alliance displays the professionalism, commitment, and technical expertise that is deserving of this honor,” said IEDC President and CEO Jeff Finkle.
On Tuesday, Jan. 23, the LVGEA hosted the 2018 State of Economic Development at the Green Valley Ranch. More than 400 community and business leaders, as well as elected officials, were in attendance to gain insights on the big investments being made in Nevada through economic development and job creation, as well as the top projects heading into 2018.
With the assistance of the LVGEA, one of the world’s largest tissue producers—Sofidel America Corp.—is expanding operations in Southern Nevada. Projected to create 67 new jobs in the region over the next five years, the manufacturing company was approved for incentives today by the Board of the Governor’s Office of Economic Development (GOED).
The LVGEA is proud to announce the addition of Kylie Rowe as the organization’s new Vice President of Economic Development. With a focus on lead generation, Rowe will be responsible for facilitating, promoting and ensuring the attraction of new LVGEA client companies in Southern Nevada.
By Nicole Raz | Las Vegas Review-Journal
“C4Mining’s decision to start up in our market speaks volumes about our region’s assets in regards to infrastructure, supply of power, land availability and overall support of the tech community,” said Jared Smith, chief operating officer of the LVGEA, which helped C4 Mining prepare its application for Nevada’s tax abatements.
By Alex Ebert | Bloomberg Law
While Las Vegas hasn’t had a post-rejection conversation with Amazon, Jonas Peterson, president and CEO of Las Vegas Global Economic Alliance, told Bloomberg Law in a March 9 email that the organization believes “a robust transit system and pipeline of tech talent” were the key things the city needs to keep developing. He said the region is taking its rejection as a “lesson” and impetus to identify targets for building up specific tech sectors.
By Las Vegas Business Press
“The LVGEA 50 provides a forum for different groups to meet, discuss and debate public policy,” said Chairman John Delikankis, partner at Snell & Wilmer LLC. “The goal is to forge consensus as to what business people and municipal leaders at the local level believe is best for Southern Nevada’s economic future.”
By Carson Now
Nevada recently received a competitive $2 million New Skills for Youth grant from JP Morgan Chase through the Council of Chief State School Officers to promote college and career readiness. To earn this funding, the Nevada Department of Education teamed up with the Nevada Department of Employment, Training and Rehabilitation, Governor’s Office of Economic Development, Nevada System of Higher Education, Office of Workforce Innovation, Las Vegas Global Economic Alliance and several partners in industry.
By Buck Wargo | Las Vegas Business Press
More than 400 business leaders attended the Las Vegas Global Economic Alliance’s 2018 State of Economic Development breakfast at Green Valley ranch on Jan. 23 and heard one of the most optimistic and enthusiastic outlooks on the Southern Nevada economy in years.
By Las Vegas Sun (editorial)
About 420 local business and community leaders got terrific news Tuesday about the state of the Southern Nevada economy during a breakfast presentation by the Las Vegas Global and Economic Alliance.
But here’s hoping the audience members hadn’t shifted their attention back to their eggs and bacon as Jonas Peterson, president and CEO of the LVGEA, discussed the steps needed for the valley’s economy to keep humming along.
By Cherney Amhara | Fox 5 KVVU
The Las Vegas Metropolitan area is growing rapidly, but it’s not just the population that’s booming. According to an economic research agency, Nevada is the fastest job producing state in the country. That information was released in-part at Tuesday’s State of Economy Development gathering hosted by the Las Vegas Global Economic Alliance.
By Doug Puppel | KNPR State of Nevada
Nevada’s top economic development officials are set to unveil their plans for 2018 during events this week at both ends of the state. Jonas Peterson with the LVGEA told KNPR’s State of Nevada that “big things are happening” in the state of Nevada but the growth is much healthier than it was before the Great Recession.
By Nicole Raz | Las Vegas Review-Journal
In a report last March, the Las Vegas Global Economic Alliance, a private-public partnership working to recruit businesses to the state and expand existing businesses, identified esports as an area of opportunity.
Perspective is the region’s premiere source for community and economic development information, analysis and forecasting. It has become a valuable resource for a diverse group of companies, as it not only provides a comprehensive overview of the market as it stands today, but also an economic forecast component to give expert opinion about where the market is headed.
In its 38th year, the event will be bigger than ever as it features keynote speakers and new publications.
In Feburary, the LVGEA introduced its board of directors to the community as the “LVGEA 50.”
This group is the largest C-level business board of its kind in the state, consisting of the region’s top public, private, business and community leaders charged with expanding and diversifying the regional economy.
A two-week campaign, featured on social media and through a new website, highlighted the collective expertise of the board.
The Las Vegas Global Economic Alliance works to diversify the economy and attract, retain, and expand businesses in Southern Nevada.
As a community-supported 501(c)6 nonprofit entity, none of its work is possible without the generous support of its investors.
The LVGEA is proud to showcase all of its investors while recognizing its Pinnacle Level and Presidential Level investors in this newsletter.