The Las Vegas Global Economic Alliance announced its annual roundup of the results of its economic development efforts during the past fiscal year.
The LVGEA and its partners together assisted 36 companies between July 1, 2013 to June 30, 2014, helping these companies relocate or expand in Southern Nevada.
These efforts resulted in the creation of 3,412 jobs in Clark County during the fiscal year by companies that will be investing $209 million in the region. These projects will have a one-year economic impact of $578 million.
As the main regional economic development organization for Southern Nevada, the LVGEA published a Strategic Plan last year which included a target of creating 1,750 jobs for the fiscal year.
The LVGEA managed to help create nearly double that many jobs by working together with the Nevada Governor’s Office of Economic Development (GOED), Clark County, and the Cities of Las Vegas, North Las Vegas, Henderson, Mesquite and Boulder City.
Tom R. Skancke, president and CEO of LVGEA, said that as they continue to attract businesses and industries to the region, residents of Southern Nevada are being provided with employment opportunities. Skancke said they’re also diversifying the economy and laying the foundations for the growth of new industries in the Las Vegas Valley.
The companies that received assistance from the organization include BarclayCard and Flowers Foods, among others. These two Henderson economic development projects are notable because of the innovative arrangements worked out for them.
When Citigroup exited the market earlier this year, Barclaycard picked up many of their employees. At the same time, Zappos was relocating from Henderson to downtown Las Vegas, so Barclaycard was able to move into the former Zappos headquarters at the Green Valley Corporate Center in Henderson.
It’s now less than six months after these moves were made, but Barclaycard has already exceeded their goal of hiring 400 employees in Henderson by the end of this year.
The Flowers Foods project likewise came about after the liquidation of Hostess Brands caused a job loss for Henderson, and the facility stayed vacant for a year. The City and the LVGEA then helped Flower Foods bring the facility back online quickly and create 60 jobs.
City of Henderson Economic Development Manager Barbra Coffee said that putting over 60 people to work within three months of the company’s first visit to Henderson represented a real success in their ability to get the facility open and operating in a timely manner.