Behind Las Vegas’ $2M ‘spearfishing’ effort to lure CEOs

Thursday, March 7, 2024 3:28 PM
  • Sean Hemmersmeier , Las Vegas Review-Journal

In order to attract businesses to relocate to Southern Nevada, economic development agencies need to start going “spearfishing,” a economic development leader told lawmakers.

The days of companies choosing Southern Nevada to relocate all by themselves are ending and if the area wants to continue diversifying its economy there needs to be a more proactive approach to get businesses to come to Las Vegas, Tina Quigley, president and CEO of the Las Vegas Global Economic Alliance, said.

“It is time for us to become very strategic and targeted and going spearfishing for the companies and the industries that we want to help develop our community,” Quigley told lawmakers at a February meeting of the Nevada Legislature’s Joint Interim Standing Committee on Revenue.