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Bill Arent, Director City of Las Vegas Economic & Urban Development SIM Las Vegas, August 21, 2014 Business Development and IT Photo by: Teri Brunnmeier.

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Presentation on theme: "Bill Arent, Director City of Las Vegas Economic & Urban Development SIM Las Vegas, August 21, 2014 Business Development and IT Photo by: Teri Brunnmeier."— Presentation transcript:

1 Bill Arent, Director City of Las Vegas Economic & Urban Development SIM Las Vegas, August 21, 2014 Business Development and IT Photo by: Teri Brunnmeier

2 Where are we today? Current Labor Market

3 Regional Labor Market (Clark County)

4 City ED Strategy – 9 Goals 1. Strengthen & expand LV Medical District 2. Support long-term success of Downtown Project 3. Pursue new development / re-development opportunities 4. Engage in comprehensive business recruitment & prospect mgt. 5. Market / Promote CLV for new investment & employment 6. Target SBIR/STTR recipient companies 7. Utilize new incentive tools to encourage Dev./Re-Dev. 8. Expand the Cities’ BRE program 9. Enhance the quality of place in Las Vegas

5 CLV Targeted Industries 1. Business IT Ecosystems  Security, Environmental 2. Digital Media  3D Printing, Software, E-Commerce 3. Financial Services  Industrial Banking, International 4. Health & Medical Services  Academic, R&D, Tourism 5. SBIR / STTR Award Recipients  Phase I, II, and III 6. Tourism, Gaming, Entertainment  New Growth and Expansion  Industrial Manufacturing  Emphasis:  Start-ups / Entrepreneurs  Targeted Industries  Higher Wage  Positive Employment Growth  Existing Expansion Opportunities  New or Expanded Opportunities:  UAV / UAS Systems  Film Industry Program

6 Where are we going? Moving Forward

7 A look at location quotients Local vs. National Jobs Market

8 Location Quotient: Tourism “Proxy”

9 Location Quotient: Government

10 Location Quotient: Retail Trade

11 Location Quotient: Construction

12 Location Quotient: Technical

13 Location Quotient: Manufacturing

14 Location Quotient: Health Care

15 Location Quotient: Management

16 Location Quotient: Information

17 Takeaway: What Las Vegas Needs to ask itself  What kind of community do we aspire to be?  Where is the national economy headed?  Where is our current economy headed – if we maintain status quo effort?  How do we not get left behind?  How do we champion a “skate to the puck” mentality for technical training and higher education?

18 Bill Arent, Director City of Las Vegas Economic & Urban Development SIM Las Vegas, August 21, 2014 Business Development and IT Photo by: Teri Brunnmeier


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