Nevada
NEVADA VIEWS: Planning for a resilient economic future
Southern Nevada has a proud history of competing — and winning — through boldness and reinvention. We have developed a world-class tourism economy, built globally recognized brands and demonstrated our ability to rebound from significant disruptions. In today’s fiercely competitive global economy, however, we must intentionally design the next chapter of our economic story. Communities worldwide are continuously enhancing their sophistication, and we must keep pace.
Since joining the Las Vegas Global Economic Alliance in late August of last year, I have consistently heard from community partners that we must diversify and enhance Southern Nevada’s economy. Our goal is to build upon and complement the strengths we already possess.
To achieve this, the alliance, as Southern Nevada’s regional economic development organization and designated Regional Development Agency, is embarking on a comprehensive strategic planning process. This initiative will guide our economic development priorities both in the near and long term, ensuring that we focus on areas that will yield the most positive impact.
The alliance has a history of reinvention, having been established in 1958 as the Southern Nevada Industrial Foundation, later becoming the Nevada Development Authority, and since 2011, operating under its current name in partnership with the Governor’s Office of Economic Development.
Economic development extends beyond merely attracting companies. It encompasses the ability of local families to access high-wage careers, the opportunity for young people to build their futures at home and the resilience of our economy to withstand disruptions.
Over the past decade, Southern Nevada has made significant strides toward economic diversification, with investment outcomes in 2025 surpassing those of 2024. However, our work is far from complete. While tourism will always be a foundational strength and source of pride for our region, over-reliance on any single sector poses risks. A diversified economy enhances stability, and stability creates opportunities. We are united in our desire for more accessible housing, expanded health care and education, and greater upward mobility for our residents.
This strategic planning effort aims to ensure that the alliance and its partners concentrate on the right initiatives in the right manner. It will validate the region’s target industries and subsectors, narrowing our focus on areas where Southern Nevada has genuine competitive advantages and long-term potential. The planning process will include community interviews, focus groups and surveys to ensure our final strategy reflects the real opportunities and challenges facing Southern Nevada. We will establish flagship goals and a prioritized strategy matrix to direct our attention and resources toward meaningful outcomes.
A crucial aspect of this process involves clarifying roles within the broader economic ecosystem. Economic development is a team sport — when organizations replicate efforts, operate in silos or compete for recognition, the region loses valuable time and credibility, allowing opportunities to slip away. I have witnessed this behavior in various markets, serving as a red flag for prospective companies.
We have already made strides in building partnerships, exemplified by a Memorandum of Understanding signed in November 2025 with the Economic Development Authority of Western Nevada to jointly support economic development education and advocacy for community leaders statewide.
Our strategic work will also include a organizational assessment of the alliance, evaluating our mission, resource deployment and engagement model. Economic impact requires operational excellence and measurable execution. Most importantly, this plan — which we anticipate completing by late April — will feature a three-year road map with clear timelines, recommended actions and meaningful metrics to transparently track our progress. A longtime mentor of mine often said, “What gets watched gets measured, and what gets measured gets done.”
Las Vegas has always taken the initiative to shape its own future. This strategic plan presents an opportunity for us to do what we do best: come together, think bigger, act smarter and create something lasting. Together, we can build a purposeful and resilient economic future for Southern Nevada.
Danielle Casey is president and CEO of the Las Vegas Global Economic Alliance.
LAS VEGAS (KSNV) — A special ceremony at Allegiant Stadium recognized Nevada’s Youth of the Year ambassador finalists on Saturday.
Several dignitaries attended the event as a panel of judges listened to speeches from the finalists.
They shared their leadership skills and personal growth within Boys & Girls Clubs around the Silver State.
Youth of the Year is a national competition to honor exemplary teen Club members.
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Luna N. was named Southern Nevada’s Youth of the Year ambassador earlier this year.
Nevada has one of the lowest property tax rates in the country. That’s an achievement to celebrate, not a problem to fix.
WalletHub recently released a report on property tax rates throughout the country. It found that Nevada’s effective tax rate on property was 0.47 percent. It put the median home price in Nevada at around $435,000. At that 0.47 percent rate, the average annual taxes on a home that price would be just more than $2,000. The only states with lower rates are Hawaii at 0.27 percent and Alabama at 0.38 percent.
Most of Nevada’s neighbors also rank quite well. Arizona comes in fourth. Idaho is seventh, and Utah was ranked 10th. Thanks to California’s Proposition 13 — passed in 1978 to rein in the worst instincts of state politicians — even the Golden State ranks 17th in the country. Oregon ranks 27th.
No one likes paying property taxes, but Nevada’s low rates help families and those on fixed incomes afford their homes. Imagine living in New Jersey. It ranks last with an effective tax rate of 2.11 percent. The median home value in that state is around $455,000. That’s slightly higher than Nevada. But a New Jersey resident with a home of that value can expect to pay more than $9,500 annually in property taxes.
Yes, you read that correctly. A New Jersey resident who owns a median-priced home has to pay the government nearly $10,000 a year. That sounds more like renting from the government than homeownership.
Nevada’s property tax system, however, is subject to regular attacks in the Legislature. Last year, Assembly Democrats overwhelmingly voted for a constitutional amendment to increase property taxes on resold homes. The proposal died after not receiving a vote in the Senate. In 2021, the Nevada Association of Counties proposed a different bill to boost future property tax revenues. It didn’t receive a vote.
It’s true that Nevada’s property tax system is complicated. Determining how much someone pays involves terms such as “taxable value,” “depreciation” and “tax caps.” But the primary motivation of those wishing to change the system doesn’t appear to be simplicity. They clearly want more property tax dollars for governments to spend. Rather than raising taxes, they should promote the construction of more housing, which would drive additional property tax collections.
You don’t have to be able to articulate all the details to realize that Nevada’s property tax system works well. Property owners know there is a limit on how much their taxes can increase. The property tax caps provide government entities a stable source of funding. They even limit how much property tax collections will fall if housing prices drop.
Nevada is on top of a good list. Lawmakers should keep it that way.
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