nevada economic development


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  • What is the Nevada governor's office of economic development?

    Nevada Governor’s Office of Economic Development: GOED promotes a robust, diversified and prosperous economy in Nevada.

  • What is economic diversification in Nevada?

    A variety of opportunities is the linchpin for economic diversification in Nevada. GOED’s industry specialists work closely with the RDAs and the private sector as they maximize sector development. For Nevada, Economic diversification does not mean abandoning our traditional sectors of tourism, mining, and agriculture.

  • When did Nevada become a modern economy?

    Nevada began its transition to a modern economy during the Great Depression of the 1930s. After the legalization of gambling in 1931 and the reduction to six weeks of the residence requirement for divorce, Nevada became a marriage, divorce, and resort centre.

  • What are Nevada's economic opportunities?

    Gold mined in central Nevada is processed in Utah and often managed from Colorado. Nevada’s most important economic opportunities lie in deepening its ties to adjacent megapolitan areas. The state can induce both corporate relocation and skilled labor migration from the greater Southwest.

Obstacles

Every region faces unique obstacles, but as a whole, Nevada’s economic development is challenged by land availability, water limitations and the need for workforce training. “Obstacles are very localized,” said Kazmierski. “For example, our housing prices have gotten very expensive. They’re not as expensive in the rurals or in Vegas. If that’s an i

Opportunities

Much like obstacles, opportunities vary by region. There’s an entirely different tact taken with metro versus rural, and even between northern and southern Nevada’s urban areas. “Different flavor, different audience, different supply chain, they even have a different market,” said Potts. “You have to think about their unique characteristics. There

Land Availability

One statewide obstacle to recruitment is land availability. In southern Nevada, federally managed BLM land creates barriers to growth. In northern Nevada, both BLM land and the mountains constrain growth. Some land issues are offset by Tahoe-Reno Industrial Center east of Sparks. In southern Nevada, much of the buildable land is in North Las Vegas

Climate Change

“Water challenges can affect economic development,” said Smith. “While we, as economic development practitioners, know that we must be responsible stewards for our municipalities, we also recognize that Henderson is, and can grow to be, so much more economically diverse in our job creation. We have a real opportunity to merge economic diversificati

Wish List

Not every industry is a good fit for every location. But sometimes it’s the lack of existing industry making recruitment difficult. Sometimes it only takes one company to set the ball rolling. Until recently, North Las Vegas hasn’t been able to attract medical and associated R&D. “We had 640 acres conveyed to the city as part of a job creation zone

Open For Business

Sometimes economic development is the result of economic upheavals. Both the Great Recession and the pandemic caused leisure and hospitality jobs to decline. Simultaneously, logistics and operations jobs increased. Those transitioned into advanced and assembly manufacturing jobs, leading to more technology companies coming in, leading to more R&D c

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