According to the opinion of 70 leaders in the community of Las Vegas and Southern Nevada, economic diversification is an idea whose time has finally come to the area.
In a report entitled “What Happened? What’s Next? Can We Hit the Reset Button?” academics, business leaders and politicians expressed their views, coming on strong on the side of diversification as a stabilizing factor in the health of the economy.
The report was conducted by the Lied Institute of Real Estate Studies, which is part of the University of Las Vegas. The bad news is that in order to get to the goal of a healthily diversified economy, more money must be spent, especially on public education K-12 and higher education, too. Why is improved education so crucial? According to John Restrepo the principal of a consulting group, in order to attract a larger variety of businesses into the area there must be a higher quality workforce available to fill the positions new businesses would create.
As a member of the business community in Las Vegas and Southern Nevada, Kirk Sanford would certainly like to see greater diversification and stability in the local economy as well as a strong recovery nationwide.