LAS VEGAS – Las Vegas Global Economic Alliance (LVGEA), in partnership with its Perspective Council sponsors, hosted the 44th annual Las Vegas Perspective, Southern Nevada’s largest economic development event, today at CAESARS FORUM Conference Center. With an audience spanning over 900 community, business, and elected leaders, the event drove a record-breaking in-person registration count for the organization.
The two hour-long program highlighted the Las Vegas region’s growth in the film production industry, articulated opportunities for growing the region’s health care sector, and shared insights on the strength of the region’s economy today, and where it may be headed.
“Las Vegas Perspective has always been about looking forward—anticipating the challenges and opportunities that lie ahead for our region,” said Tina Quigley, president and CEO of LVGEA. “This year’s event not only highlights the remarkable strides we are making in industries like health care and film production, but it underscores the collaborative spirit that fuels Southern Nevada’s growth.”
Clark C. Otley, MD., chief medical officer of Mayo Clinic Platform for Mayo Clinic, kicked off the event with insights on how to improve a region’s health care economy, detailing how the small Minnesota town of Rochester strategically grew into the nation’s most well-known health care epicenter, and the opportunities he sees for the Las Vegas region to do the same.
Otley also shared how Mayo Clinic continues to innovate and improve upon the health care solutions it delivers as the top medical center in the country. By enhancing Mayo Clinic’s strategic plan every five years, modernizing infrastructures, investing in community co-design, advancing innovations, and embracing technologies such as AI to accelerate access to personalized care, Otley provided powerful insight and direction as to how the Las Vegas region can build and execute on its vision for health care sector growth.
“Las Vegas has the opportunity to create a unique version of the future of health care,” said Otley. “You’ve invented the future before, you can do it again.”
Jeremy Aguero, principal analyst with Applied Analysis, provided an analysis of Southern Nevada’s economic growth over the past year and a forecast of what the region can expect moving forward. Aguero used data to pinpoint shifts in Southern Nevada’s economy, spotlighting slower population growth and a renewed focus on economic investments that expand the regional economy and improve overall quality of life.
“Southern Nevada is a community geared for growth. It turns out, it’s not who you know that determines economic success, but rather collaborations and integration,” said Aguero. “The diversity of our community is leading to prosperity and options for the folks that are here. We are either going to invest in the community that we want or we will pay for the community that we get. It is clear that we are not the upstart, we are not the underdog, it is time for our community to be the leader.”
Tony Vinciquerra, chairman and CEO of Sony Pictures Entertainment took the stage last for a fireside chat with Quigley providing insight into the motion picture industry, how Sony’s plans for a $1.8 billion studio might impact various sectors of the region’s economy, and how local businesses could benefit from Hollywood’s migration into Southern Nevada.
Vinciquerra revealed the Sony Studios project, a joint venture with developer Howard Hughes on a 31-acre site in Summerlin, will produce an estimated 19,000 jobs during the construction phase. Upon completion of construction, the project will produce 15,000 jobs annually. With a 15-year plan in place, once Sony moves to the region, the company has committed to spend $1 billion in the first 10 years of its operations. This would be Sony’s largest production footprint outside of Culver City, CA.
“It’s been made clear that when we do move to Las Vegas, we’ll be able to expand upon the entertainment capital of the world,” said Vinciquerra. “Our teams and crews will embrace it because people want to be here in Southern Nevada and we want to make it happen. It’s a no-brainer.”
Las Vegas Perspective is the region’s go-to source for community and economic development information, analysis, and forecasting. The event and accompanying data book have become a valuable resource for a diverse group of companies and organizations, both large and small in the region.
Learn more about the event at vegasperspective.com.
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About Las Vegas Global Economic Alliance
The Las Vegas Global Economic Alliance (LVGEA) is a public-private partnership dedicated to growing the economy of the Las Vegas region through intentional business attraction, expansion, and connectivity. LVGEA has been designated as one of eight Regional Development Authorities (RDA) in Nevada by the Governor’s Office of Economic Development (GOED) for 2024-2025. To learn more, visit lvgea.org.
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