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Vegas: Economic diversity, new jobs are essential

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Fri Sep 04 2009

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(From the Las Vegan Sun) The region's political leaders told a real estate development group

that the local economy needs to be reshaped to deal with future

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downturns and alleviate the pain felt today with lost jobs and

government revenue.

Mayors from Las Vegas, Henderson and North Las Vegas and Clark

County Commission Chairman Rory Reid said that job creation needs to be

a primary focus and called on the 2011 Legislature to look at ways to

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generate revenue and build reserves that don't curtail local

governments during the next recession.

Speaking to members of the local National Association of Industry

and Office Properties last week, Reid said the county has lost about

$200 million in revenue from the state. The silver lining in the weak

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economy is that government has become more efficient, but changes are

needed to sustain growth in the future, he said.

Read the entire article.

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