Nevada Strategic Growth Initiative aims to diversify the state economy through collaboration
In March, GOED unveiled a study by UNLV’s Brookings Mountain West, Center for Business and Economic Research and Transportation Research Center that found that state economic development is siloed across jurisdictions. Unlike in neighboring regional metropolitan centers, Southern Nevada lacks a governance structure to facilitate the planning and coordination needed to realize regional economic and infrastructure priorities.
The study also found that gaps in job creation, labor productivity and wages have persisted due to Southern Nevada’s continued overconcentration of employment in low-wage and low-productivity occupations.