Nevada’s Economic Development Effort Hits Next Phase

The Governor’s Office of Economic Development took another step toward the makeover of how the state attracts, expands and retains companies Tuesday when state officials opened requests for proposals to form newly minted regional development authorities.

The new iteration of a development authority includes a proposal from a superstar team of key Southern Nevada business stakeholders with interests in diversifying the economy through the recruitment of businesses, assisting existing businesses with their expansion plans and preventing companies from being lured to other states.

It’s a much more expansive approach than strategies that have been used for years by one of Las Vegas’ primary drivers of economic development — the Nevada Development Authority — and its lead executive, President and CEO Somer Hollingsworth.

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