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