Business Commons^™

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 …

Housing Affordability Index: Mountain West Cities, November 2021, Olivia K. Cheche, Joshua Padilla, William E. Brown Jr.

Housing & Real Estate

This fact sheet highlights data on the median household income, median home price, estimated monthly mortgage and taxes, and share of income used for homeownership in fifteen Mountain West housing markets, as originally outlined in the “RealtyHop Housing Affordability Index: November 2021” report. The RealtyHop report analyzes the affordability of housing markets for the 100 most populous cities in the United States.

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.

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.

Race Equity In Management Occupations In The Mountain West, Kristian Thymianos, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

In a recent report, “From commitments to action: How CEOs can advance racial equity in their regional economies,” Amy Liu and Reniya Dinkins of the Brookings Institution Metropolitan Policy Program highlight racial equity issues in private sector management occupations. The authors use these data to propose strategies to close equity gaps. This fact sheet examines data for the Mountain West metropolitan areas included in the original report.

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 …

Housing Confidence In The Mountain West, Emmanuel A. Berrelleza, Caitlin J. Saladino, William E. Brown Jr.

Housing & Real Estate

This fact sheet explores housing metrics in the Las Vegas, Denver, and Phoenix metropolitan areas, as originally reported in the Pulsenomics report, “Renter Confidence Dashboard." Market conditions, expectations, and homeownership aspirations are some of the key factors in assessing the livelihood of housing and real estate in metropolitan areas. These factors are presented with a comparison between all generations and millennials.

America's Best Small Cities In The Mountain West, Katie M. Gilbertson, Kelliann Beavers, Caitlin J. Saladino, William E. Brown Jr., Fatma Nasoz

Cities & Metros

This fact sheet reports the rankings of small cities in the Mountain West, based on perceived desirability for living, visiting, and investment. Resonance Consultancy’s “America’s Best Small Cities 2020,” report examines six key metrics: “People,” “Place,” “Product,” “Programming,” “Promotion,” and “Prosperity.” 11 small cities in the Mountain West are ranked within the top 100 in the United States.

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.

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 …