Business Development and IT

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Business Development and IT EUD Strategic Planning Jan. 2014 Photo by: Teri Brunnmeier Business Development and IT Bill Arent, Director City of Las Vegas Economic & Urban Development SIM Las Vegas, August 21, 2014

EUD Strategic Planning Jan. 2014 Current Labor Market Where are we today?

Regional Labor Market (Clark County)

City ED Strategy – 9 Goals EUD Strategic Planning Jan. 2014 City ED Strategy – 9 Goals Strengthen & expand LV Medical District Support long-term success of Downtown Project Pursue new development / re-development opportunities Engage in comprehensive business recruitment & prospect mgt. Market / Promote CLV for new investment & employment Target SBIR/STTR recipient companies Utilize new incentive tools to encourage Dev./Re-Dev. Expand the Cities’ BRE program Enhance the quality of place in Las Vegas

CLV Targeted Industries EUD Strategic Planning Jan. 2014 CLV Targeted Industries Business IT Ecosystems Security, Environmental Digital Media 3D Printing, Software, E-Commerce Financial Services Industrial Banking, International Health & Medical Services Academic, R&D, Tourism SBIR / STTR Award Recipients Phase I, II, and III Tourism, Gaming, Entertainment New Growth and Expansion Industrial Manufacturing Emphasis: Start-ups / Entrepreneurs Targeted Industries Higher Wage Positive Employment Growth Existing Expansion Opportunities New or Expanded Opportunities: UAV / UAS Systems Film Industry Program LVGEA Focus: Aerospace, Defense, and UAVs Business & IT Ecosystems Clean Technologies Global Finance, Banking, and Business Services Healthcare & Life Sciences Logistics, Manufacturing, & Assembly Tourism, Gaming, & Conventions GOED Focus: Aerospace & Defense Agriculture Energy Healthcare IT Logistics & Operations Manufacturing Mining Tourism & Gaming

EUD Strategic Planning Jan. 2014 Moving Forward Where are we going?

Local vs. National Jobs Market A look at location quotients

Location Quotient: Tourism “Proxy”

Location Quotient: Government

Location Quotient: Retail Trade

Location Quotient: Construction

Location Quotient: Technical

Location Quotient: Manufacturing

Location Quotient: Health Care

Location Quotient: Management

Location Quotient: Information

Takeaway: What Las Vegas Needs to ask itself EUD Strategic Planning Jan. 2014 Takeaway: What Las Vegas Needs to ask itself What kind of community do we aspire to be? Where is the national economy headed? Where is our current economy headed – if we maintain status quo effort? How do we not get left behind? How do we champion a “skate to the puck” mentality for technical training and higher education?

Business Development and IT EUD Strategic Planning Jan. 2014 Photo by: Teri Brunnmeier Business Development and IT Bill Arent, Director City of Las Vegas Economic & Urban Development SIM Las Vegas, August 21, 2014