“UNLV Center for Business and Economic Research event at UNLV Tuesday, Nov. 7, 2023.”
News Archives | Page 7 of 15 | Center for Business and Economic Research
Conference shines light on downtown Las Vegas’ post-pandemic recovery
“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.”
Artificial intelligence enhances human services
“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).”
5K LA residents moved to Vegas at end of summer, report says
“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.”
Nevada Bankers Association Hosting 2nd Annual Credit & Lenders Conference Oct. 18
“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.”
Thousands of Jobs Vacant at Las Vegas Hotels
“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.”
What Steps Is Nevada Taking to Develop Its Economy?
“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.”
Demand for luxury apartments continues to increase
“Dr. Stephen Miller, predicts 1 million more people in the valley in the next 40 years.”
Competition for Las Vegas hospitality employees
“For every six workers, we got 10 jobs out there open,” Miller said during a virtual June 2023 interview with 8 News Now. “The basic one: pay them more. But benefits, a more pleasant work environment – all those things count now more than they did before.”
Miller also indicates that the extra unemployment compensation delivered during part of the COVID-19 pandemic has given some a comfort to not return to jobs they do not want to work. Many are looking for positions that offer ample PTO, abilities for certain off days and work life quality improvements.”
Is Las Vegas finally ready to become an industrial powerhouse?
“Additionally, roughly 115 people are moving to Clark County every day, according to a new report from UNLV’s Center for Business and Economic Research. The county is expected to gain 42,066 residents this year alone. Andrew Woods, the center’s director, contends that Nevada’s future workforce is largely going to be coming from outside of the state. Las Vegas is competing with other secondary U.S. cities, including Phoenix, Salt Lake City, Denver and Austin, to lure highly skilled workers, he said. This will be the challenge for Apex as it competes nationally with other cities’ growing industrial sectors.”