Southern Nevada can expect thousands of jobs and more than $450 million in new capital investment over the next five years, the Las Vegas Global Economic Alliance announced Thursday.
The LVGEA, along with economic development teams at the state, county and city level, provided startup, expansion and relocation assistance to 62 businesses in the 2012-2013 fiscal year.
The projected economic impact of LVGEA-assisted businesses is more than $1.5 billion for the region and $51 million in local and state tax revenue.
“These robust numbers show how important it is that the region work together to realize shared economy prosperity,” LVGEA Chief Operating Officer Jonas Peterson said. “Collaboration makes us stronger, and we believe our increasing efforts to diversify and grow the regional economy will lead to even more success next year.”
Manufacturing, distribution and technology firms were highlighted as having found Southern Nevada a connected and cost-effective place for business.
SolarCity, a clean energy service company, secured tax incentives and a grant of $1.2 million to open a second headquarters in Clark County.
New York-based Take-Two Interactive Software, the company behind video games “Grand Theft Auto” and “2K Sports,” moved its testing and quality assurance studio to downtown Las Vegas.
FedEx Ground chose Henderson as the site for a new 296,000-square-foot package distribution center because of its easy access to highways, close proximity to customers and large population for employee recruitment.
The LVGEA is a 501(c)6 membership organization dedicated to diversifying the economy in Southern Nevada and building foundations for long-term economic growth.
Contact Melissah Yang at firstname.lastname@example.org or 702-383-0491. Follow her @MelissahYang.