Economic Policy Commons^™

Interstate 11: The Road To Prosperity In Nevada, Arthur C. Nelson

Policy Briefs and Reports

Interstate 11 (I-11) offers Nevada a unique opportunity to advance the economic development prospects of one of the state’s most economically challenged areas: Elko and eastern Nevada. Although the state used a qualitative system to choose a western route for I-11, this process may not have considered fully the costs of extending I-11 to Canada in a cost-effective manner or in a manner consistent with I-11 purposes, especially avoiding congested areas. This briefing report reviews the history and purposes of I-11; summarizes the I-11 route options; considers how I-11 might extend to Canada in a way that is consistent with …

Tech Innovation Capacity In Mountain West Metros, Ally M. Beckwith, William E. Brown Jr.

Economic Development & Workforce

This fact sheet highlights data on the tech innovation capacity in Mountain West metropolitan areas, as originally reported in 2019 by Robert D. Atkinson, Mark Muro, and Jacob Whiton from the Brookings Institution’s Metropolitan Policy Program. Tech innovation is defined as advanced industries that are America’s 50 high-R&D, high-STEM manufacturing, energy, and services industries ranging from aerospace and automobile manufacturing to solar electricity generation to internet publishing to bio-tech. Tech innovation is essential to the future of America’s economy. However, “superstar” metropolitan areas creating a regional imbalance within the innovation sector. The Brookings report examines metropolitan areas that are potential …

Artificial Intelligence (Ai) Capacity In Mountain West Metros, Olivia K. Cheche, Ally M. Beckwith, William E. Brown Jr.

Economic Development & Workforce

This fact sheet highlights data on artificial intelligence (AI) growth in Mountain West metropolitan areas over the last several decades, as originally reported by Mark Muro and Sifan Liu from the Brookings Institution’s Metropolitan Policy Program. The Brookings report examines how various metros across the United States contribute towards AI technology creation and business activity.

Nevada Campaign Financing: U.S. House Of Representatives, 2020, Kristian Thymianos, Olivia K. Cheche, William E. Brown Jr.

Elections & Governance

In the 2020 election cycle, Nevada’s U.S. House of Representatives delegation fundraised a combined total of $9,994,636. This fact sheet summarizes the campaign donations and expenditures of these representatives. The data are collected from the Open Secrets website.

Investment Patterns In Mountain West States, Counties, And Nevada Cities 2005-2019, Peter Grema, Zachary Walusek, Katie M. Gilbertson, William E. Brown Jr.

Economic Development & Workforce

The purpose of this fact sheet is to summarize findings on capital flows across Mountain West states and counties, and within Nevada cities. The “Gauging Investment Patterns across the US” report by the Urban Institute present findings of overall volume of capital deployed, racial equity of investments, and income equity for each respective geographic area. The full report further breaks down these three main categories into 18 other metrics.

Startup Businesses In The Mountain West, 2014-2018, Olivia K. Cheche, William E. Brown Jr.

Economic Development & Workforce

This fact sheet highlights data on startup businesses in Mountain West states and metropolitan areas, as originally reported by Roofstock’s “U.S. Cities With the Most Startup Businesses” report. Startup businesses are defined as new businesses launched by entrepreneurs that create jobs and spur efficiency and innovation. This report examines the startup formation rate, annual startup formations, annual new jobs created by startups, and jobs created by startups as a percentage of all new jobs within states and metros across the United States.

Covid-19 And Nevada Counties: Employment Data, May 2019 And May 2021, Joshua Padilla, Katie M. Gilbertson, William E. Brown Jr.

Economic Development & Workforce

This fact sheet displays county-level employment data and unemployment rates for 17 counties in Nevada, as reported by The Daily Yonder article “Rural Employment Grew in May, but Fewer People Are Seeking Jobs” in July 2021. Bill Bishop and Tim Marema compiled data from the U.S. Bureau of Labor Statistics (BLS) for each county in the United States for May 2019 and May 2021.

Small Business Equity In Nevada, 2021, Ally M. Beckwith, Olivia K. Cheche, William E. Brown Jr.

Economic Development & Workforce

This fact sheet highlights data on minority and women-owned small businesses in Nevada in 2021, as originally reported by the Small Business Equity Tool. This tool examines the representation of Black, Asian, Latino, minority, and women-owned small businesses in the largest metropolitan areas and cities across the United States.

Homelessness Estimates In The Mountain West, 2020, Saha Salahi, Vanessa Booth, William E. Brown Jr.

Demography

This fact sheet summarizes a recent report titled, “The 2020 Annual Homelessness Assessment Report (AHAR) to Congress,” by the U.S. Department of Housing and Urban Development. By synthesizing homelessness vulnerability categories to the Mountain West states, this report offers data for Arizona, Colorado, Nevada, New Mexico, and Utah.

Las Vegas Metropolitan Police Department (Lvmpd) Budget Review, Fiscal Years 2018-2021, Olivia K. Cheche, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.

Criminal Justice

The Las Vegas Metropolitan Police Department’s (LVMPD) annual budget increased every fiscal year (FY) from 2018 to 2021. Using data provided by the LVMPD’s final budget reports for FY 2018 to 2021, this Fact Sheet details LVMPD funding increases and summarizes budget expenditures by unit and area command.

Financial Stress In Mountain West Cities And Townships, 2020, Saha Salahi, Kristian Thymianos, Eshaan Vakil, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This factsheet highlights financial stressors facing 16 cities in four Mountain West states: Arizona, Colorado Nevada, and New Mexico. The data included are reported in the 2020 “SmartAsset Study” by Ben Geier.

Covid-19: Creative Class Job Loss In The Mountain West, Katie M. Gilbertson, Kelliann Beavers, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet summarizes Mountain West data on creative economy job losses in Arizona, Colorado, Nevada, New Mexico, and Utah, as reported in a recent Brookings report “Lost Art: Measuring COVID-19’s Devastating Impact on America’s Creative Economy.” Richard Florida and Michael Seman discuss the impact of the COVID-19 pandemic on job losses in “creative industries, which are comprised of firms and establishments that produce goods and services relating to music, film, design, advertising, fashion, art, and more.”

How Did Homelessness Change During The Great Recession And Recovery?, Jenny Schuetz, Matthew Ring

Policy Briefs and Reports

Job losses from the COVID-19 pandemic have exacerbated housing insecurity among low-income renters over the past year. Federal, state, and local policymakers have created temporary measures to help reduce displacement among people who have lost their jobs, but there is considerable uncertainty about what will happen when these temporary measures end. To gain insight into how homelessness changes over macroeconomic cycles, we examine changes in homelessness rates from 2007 to 2020. Our analysis focuses on four metro areas that were particularly hard-hit by the foreclosure crisis: Las Vegas, Los Angeles, Phoenix, and Riverside. Overall homelessness rates declined in all metros …

Covid-19: Projected Employment Change In The Mountain West, 2019 - 2029, Peter Grema, Madison Frazee-Bench, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet summarizes a report by Mark Muro and Yang You of the Metropolitan Policy Program at the Brookings Institution titled, “In some cities, the pandemic’s economic pain may continue for a decade.” Using February 2021 Bureau of Labor Statistics (BLS) economic baseline data, the original report projects employment change for states and metros from prior to the COVID-19 pandemic to 2029. This fact sheet summarizes the findings for Mountain West states (Arizona, Colorado, Nevada, New Mexico, and Utah) and the major metropolitan statistical areas (MSAs) in each state.

“You Never Know” Work And Precarity In Las Vegas Before And During Covid-19, Richard Reeves, Morgan Welch, Hannah Van Drie

Policy Briefs and Reports

In this brief we examine work and work-based policies in Las Vegas, Nevada – a theme that emerged strongly from focus group data collected in the fall of 2019. The middle-class Americans we talked with were concerned about upward mobility, the changing landscape of work as a result of automation and skills training, scheduling uncertainty, and employee benefits like time off and paid leave. The COVID-19 pandemic highlighted and exacerbated these pre-existing issues for many workers. Much of the policy agenda in the last year has been understandably reactionary, as policymakers addressed immediate issues such as unemployment insurance, keeping workers …

Metro Monitor 2021: Las Vegas And Reno, Eshaan Vakil, Katie M. Gilbertson, Emmanuel A. Berrelleza, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet measures changes in Nevada’s economic growth performance indicators using data provided by the Brookings Institution’s Metro Monitor analysis. Researchers at Brookings’ Metropolitan Policy Program measure various indicators of economic well-being across 192 metropolitan statistical areas (MSAs) for a 10-year period (from 2009-2019) to provide a thorough time series analysis of isolated variables. This fact sheet presents data for the Las Vegas-Henderson-Paradise, NV MSA and the Reno, NV MSA.

2020 Most Dynamic Micropolitans In The Mountain West, Kelliann Beavers, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr.

Cities & Metros

This fact sheet draws from the “Most Dynamic Micropolitans 2020” report released by Heartland Forward, “an institute for economic renewal […] with a mission to improve economic performance in the center of the United States.” In this report, Heartland Forward offers the Most Dynamic Micropolitan Index to analyze the economies of smaller communities for a total of 515 micropolitan areas nationally. This fact sheet includes information on job growth, annual pay growth, and personal income growth for micropolitan areas in the Mountain West region.

Domestic Workers In The Mountain West, Olivia K. Cheche, Saha Salahi, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr., Eshaan Vakil

Economic Development & Workforce

This fact sheet explores the number of domestic workers employed in the Mountain West (Arizona, Colorado, Nevada, New Mexico, and Utah), as originally reported in the Economic Policy Institute’s “Domestic Workers Chartbook.” Data for domestic worker median wages compared to the median wages of nondomestic workers are also included.

2021 Business Tax Climate In The Mountain West, Katie M. Gilbertson, Peter Grema, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This Fact Sheet summarizes a report by Jared Walczak and Janelle Cammenga of The Tax Foundation titled “2021 State Business Tax Climate Index.” The index compares how states structure tax systems to bolster state business activity and investments, and possible routes for future improvement. Scores and rankings are offered for the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah.

The Housing Market And The Covid-19 Pandemic: Implications For Las Vegas, Phoenix, Riverside, Los Angeles, Orlando, And New Orleans, Jenny Schuetz, Sarah Crump

Policy Briefs and Reports

The COVID-19 pandemic has disrupted virtually every part of the U.S. economy in the past year, and wreaked havoc on people’s daily lives. Housing markets are no exception. Millions of renters have fallen behind on their rent, fearing eviction while accumulating debts they cannot pay. At the same time, prices for owner-occupied housing have soared while the inventory of for-sale homes has plummeted. In this brief, we analyze several measures of housing distress from 2007 to 2019 for six metro areas, chosen based on their housing and labor market characteristics. Los Angeles, Riverside, Las Vegas, and Phoenix were among the …

Child Care Costs In The Mountain West, Saha Salahi, Kristian Thymianos, William E. Brown Jr., Caitlin J. Saladino

Economic Development & Workforce

This fact sheet examines the cost of child care using data from the Care Index, a collaboration between New America, Care.com, and other organizations. Data for the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah are included in this document.

Explaining The Economic Impact Of Covid-19: Core Industries And The Hispanic Workforce, Aaron Klein, Ember Smith

Policy Briefs and Reports

As the United States prepares for a COVID-19 recovery, policymakers need to understand why some cities and communities were more vulnerable to the pandemic’s economic consequences than others. In this paper, we consider the association between a city’s core industry, its economic susceptibility to the pandemic, and the recession’s racially disparate impact across six select metropolitan areas. We find that areas with economies that rely on the movement of people—like Las Vegas with tourism—faced substantially higher unemployment at the end of 2020 than cities with core industries based on the movement of information. Further, we find the hardest-hit areas have …

Venture Capital In Nevada, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet provides an overview of venture capital in the State of Nevada. Venture capital is an essential part of economic diversification and business startup development. The Mountain West states of Arizona, Colorado, New Mexico, and Utah are used for comparative purposes to add context to Nevada’s venture capital ecosystem. The differing nature of venture capital funds in Northern and Southern Nevada is delineated.

Nevada's Plan For Recovery And Resilience, Sri International, Rcg Economics, Brookings Mountain West

Policy Briefs and Reports

The report that follows contains the following components:

• An economic forecast from RCG Economics on the situation expected for Nevada—GDP and employment—in the fall of 2021 (subject to all the present uncertainties faced by Nevada and the country as a whole).
• A series of immediate actions, in which GOED plays a leadership role, to shelter and prepare for recovery key components of Nevada’s economy. The particular focus is on “Main Street” and small and medium sized businesses.
• A set of visionary strategies, firmly grounded in Nevada’s underlying assets, that will accelerate the diversification of the state’s economy and the transition …