Report Focuses on Nevada Economic Diversity

By: Associated Press Email
By: Associated Press Email

CARSON CITY, Nev. (AP) - A new report details key industries Nevada should focus on to expand its economy, but also points out hurdles that have plagued the Silver State for decades - most notably a volatile economic base prone to extremes.

The 179-page report, entitled "Unify, Regionalize, Diversify," was released Monday at a news conference in Carson City.

It identified seven major industries as having "plausible potential" for economic growth and diversification. They include tourism; medical services; business information technology; clean energy; mining and manufacturing; logistics; and aerospace and defense.

The report said Nevada's "friendly" regulatory climate, low taxes and proximity to West Coast population centers make it an attractive place for businesses to locate.

But it said a narrow tax base, low-skilled workforce, underperforming schools and under investment in higher education are drawbacks.


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