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“Ten years ago, leagues didn’t even want to look at us twice,” said Andrew Woods, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas. “Now it feels like we’re the belle of the ball.”
Las Vegas a sports metropolis? It’s a potentially lucrative development that could spell expansion and a broader economic base for the city; however, it comes with growing pains.”
“Stephen M. Miller (Economics; Center for Business and Economic Research) published “Estimating U.S. housing price network connectedness: Evidence from dynamic Elastic Net, Lasso, and ridge vector autoregressive models” in the International Review of Economics and Finance with David Gabauer, Academy of Data Science in Finance, Vienna, Austria and Institute of Corporate Finance, Johannes Kepler University, Linz, Austria; Rangan Gupta, Department of Economics, University of Pretoria, Pretoria, South Africa; and Hardik A. Marfatia, Department of Economics, Northeastern Illinois University, Chicago.”
“Downtown Las Vegas’ recovery from the COVID-19 pandemic was more resilient than other American cities, but some economists say the region will need to diversify to keep up growth in the long term.
Economists discussed the resiliency of American downtowns — and how Las Vegas compares — during a panel at UNLV’s Center for Business and Economic Research’s Fall Outlook event.”
“UNLV Center for Business and Economic Research event at UNLV Tuesday, Nov. 7, 2023.”
“Business, industry and government leaders gathered Tuesday at the Strip View Pavilion at the Thomas & Mack Center for UNLV’s Center for Business and Economic Research Fall Economic Outlook, where they heard about economic trends in Southern Nevada and nationwide, as well as how Las Vegas landed the No. 1 spot on the continent for downtown recovery from COVID-19.”
“John Restrepo from RCG Economics, Andrew Woods from UNLV’s Center for Business and Economic Research, and Las Vegas Urban Chamber of Commerce board member Robert Taylor, during an economic development panel at IndyFest 2023 in Las Vegas on Friday, Oct. 6, 2023. (Daniel Clark/The Nevada Independent).”
“Las Vegas is adding approximately 115 residents to its population base every day according to the UNLV Center for Business and Economic Research data projections.”
“Lending professionals from across the state will hear from experts and strategists and experience interactive sessions and networking opportunities. Conference topics include what Nevada’s economic forecast indicates, artificial intelligence and banking, what regulators are focusing on, how the Nevada real estate market is trending, how banks are planning for potential downturns, what business bank customers prioritize in a banking relationship, and what keeps Nevada’s banking executives up at night.”
“Top-level speakers scheduled to present at the conference include Darwin Hopwood, UNLV Department of Finance and SBA counselor; Angela Kramer, RSM US LLP; Matthew Lubawy, Valbridge Property Advisors; Joel Mueller, Barlow Research; Steve Yoken, Snell & Willmer; and Andrew Woods, UNLV Center For Business Economic Research.”
“For every six workers, we got 10 jobs out there open,” Stephen Miller, director of research for UNLV’s Center for Business and Economic Research, told the news outlet in a June 2023 interview. “The basic one: pay them more. But benefits, a more pleasant work environment — all those things count now more than they did before.”
“Andrew Woods: [When we forecast the economy] it doesn’t look like there is going to be enough economic diversification in the next 18 years. What happens if we make huge investments in some of these areas that have a lot of spin-offs [such as] manufacturing and healthcare? Those are the two that have a lot of spin-offs in terms of jobs being produced. If we did that seriously and we still let leisure and hospitality grow the way it is supposed to even with automation, AI, technology and sports, we can move the needle significantly.”