There was little doubt that Las Vegas was ground-zero during the Great Recession. Unemployment and foreclosures reached record highs, families and businesses struggled and government services had to be drastically cut. However, the city and region emerged from the Great Recession with a strong economic development effort, has seen growth in employment and sales in targeted economic sectors and has a diverse range of artistic, social and cultural events and venues. Las Vegas has the ability to attract and retain quality jobs with better wages, and is continuing to work on diversifying its economy, especially in the technology and health services sectors.
One of the key lessons taught to us by the recession was the need for economic resilience. Las Vegas will continue to be led by the gaming, travel, tourism and recreation industries. Complementary industries and jobs that support them will continue to make Las Vegas competitive with other cities across the American West. This planning effort will emphasize the importance of continuing to invest in workforce development, education, redevelopment and working together with regional partners to accomplish economic goals that extend beyond the city’s boundaries.
What economic development or redevelopment opportunities should the city pursue? What are the critical jobs that should be created for our region in the future? Please send us feedback and check back to this page throughout the plan development process.