“Andrew Woods, director of the Center for Business and Economic Research, acknowledges the need for balanced development. As Las Vegas rapidly approaches a population of three million residents and attracts nearly 50 million visitors each year, questions arise about the city’s infrastructure and its ability to accommodate larger events. Woods emphasizes the importance of ensuring that these developments benefit both the community and the visitors.”
News Archives | Page 8 of 16 | Center for Business and Economic Research
Impact of Major Sports Events in Las Vegas
”We estimated about $1.8 billion, and that was just last year, so we see it growing, but we also have questions, just like the public does, about, you know, how much of this can you quantify, what assumptions are being made about that impact,” said Andrew Woods, the director of the program.
“Certainly, we do think sports is helping reinforce our leisure and hospitality industry, which accounts for one-in-four jobs and one-in-three dollars generated in southern Nevada, we do believe that impact is real”
UNLV Launches Nevada’s First Cannabis Policy Institute
“I am excited to work with the president, provost, and our CPI partners to advance cannabis policy discussions, education, compliance, and research implications as the impacts of cannabis legalization continue to unfold and take shape,” said Durrett, who joined the university as the institute’s director in August 2023.
In addition to Durrett, CPI at UNLV advisory board members include Chris Heavey (executive vice president and provost), Dr. Marc J. Kahn (dean of the Kirk Kerkorian School of Medicine), Robert Ulmer (dean of the Greenspun College of Urban Affairs), David Hatchett (interim vice president for research), Leah Chan Grinvald (dean of the William S. Boyd School of Law), Andrew Woods (director of the Center for Business and Economic Research), Clark County Commissioner Tick Segerblom, and cannabis cultivation business owner and operator Judah Zakalik.”
From Sin City to Sports Central: How Las Vegas is betting big on a lucrative industry
“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.”
Accomplishments by Dr. Miller
“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 recovered better than other US cities, economists say
“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
“UNLV Center for Business and Economic Research event at UNLV Tuesday, Nov. 7, 2023.”
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.”