LAS VEGAS (KSNV & MyNews3) -- Many companies have their eyes on southern Nevada as an ideal place to open their businesses.
The Las Vegas Global Economic Alliance is working with the state to help retain, attract and expand job growth here.
The organization has helped create more than 3,400 jobs in the past year and has been a driving force behind 36 companies moving to southern Nevada this past year, including credit company Barclaycard and bread manufacturer Flowers Food.
Barclaycard received a nearly $2 million funding incentives from the state to move here; the Economic Alliance says those incentives are what continues to help them attract more businesses to the area.
The economic development group worked with 36 companies between July 1, 2013 and June 30, 2014 to help them relocate to or expand in Southern Nevada. These companies are expected to invest $209 million in new capital investment in our region and provide a one-year economic impact of $578 million.
All of this investment affords our valley’s residents employment opportunities and injects more money into the local economy, supporting more employment.
“More and more businesses are realizing the advantages of doing business in Southern Nevada,” said Tom R. Skancke, president and CEO of the Las Vegas Global Economic Alliance. “As we continue to attract businesses and industries here, we’re not only providing the residents of Southern Nevada with employment opportunities, we’re actively diversifying our economy and laying the foundations for the growth of new industries in the Las Vegas Valley.”
The organization will review many of these indicators at its Oct. 2 annual dinner and in a calendar year-end report as the LVGEA transitions from reporting on a June 30 – July 1 fiscal year to reporting on an annual calendar basis beginning January 1, 2015.