Bill Arent, DirectorCity of Las Vegas Economic & Urban DevelopmentSIM Las Vegas, August 21, 2014
Business Development and IT
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Photo by: Teri Brunnmeier
Where are we today?
Current Labor Market
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Regional Labor Market (Clark County)
14,116
Agriculture, Forestry, Fishing and Hunt-ing
Mining, Quarrying, and Oil and Gas Ex-traction
Utilities
Construction Manufacturing Wholesale TradeRetail Trade Transportation and Warehousing InformationFinance and Insurance Real Estate and Rental and Leasing Professional, Scientific, and Technical
ServicesManagement of Companies and En-terprises
Administrative and Support and Waste Management and Remediation Ser-vices
Educational Services (Private)
Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation and Food ServicesOther Services (except Public Adminis-tration)
Government Unclassified Industry
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
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
Where are we going?
Moving Forward
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A look at location quotients
Local vs. National Jobs Market
Location Quotient: Tourism “Proxy”
Location Quotient: Government
Location Quotient: Retail Trade
Location Quotient: Construction
Location Quotient: Technical
Location Quotient: Manufacturing
Location Quotient: Health Care
Location Quotient: Management
Location Quotient: Information
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?
Bill Arent, DirectorCity of Las Vegas Economic & Urban DevelopmentSIM Las Vegas, August 21, 2014
Business Development and IT
Click icon to add picture
Photo by: Teri Brunnmeier