Just four years ago, Nevada was an economic basket case, its housing industry collapsed, unemployment rates spiked, and historic growth engines—tourism and construction—looked impossible to restart. Arguably, with the announcement of Tesla in the north and Southern Nevada’s tourist economy back at peak scale, the state has passed a tipping point and is now on a path to a more robust and expansive economic recovery. But Nevada has even better prospects if we invest in the assets and strategies that sustain growth. By targeting and, at first, subsidizing industries via tax relief where we have clear competitive advantages and then building on these new businesses by doubling down on training and innovation from kindergarten to graduate school, a new, more economically resilient Nevada will emerge.
Oct. 22, 2021