AUGUST 25 Issue - Vegas Business Digest Recap

AUGUST 25 2023 / ISSUE NO. 86 / ARCHIVE

This Week's Top Stories

U.S. Senate Subcommittee on Tourism, Trade, and Export Promotion Field Hearing in Las Vegas

From left to right: U.S. Senator Jacky Rosen, MGM Resorts International CEO Bill Hornbuckle, Las Vegas Raiders CEO Sandra Douglas Morgan, Vegas Chamber CEO Mary Beth Sewald, and Las Vegas Convention and Visitors Authority Steve Hill (Photo by Vegas Business Digest)

Today, U.S. Senator Jacky Rosen (D-NV), chair of the Senate Commerce Subcommittee on Tourism, Trade and Export Promotion, led a field hearing that examined ways to attract large sporting and entertainment events to the U.S., with a focus on Las Vegas’ experience, and the impacts that sporting and live entertainment events have on the local economy.

Witnesses for the hearing included CEO and President of MGM Resorts International Bill Hornbuckle, CEO and President of the Las Vegas Convention and Visitors Authority Steve Hill, President and CEO of the Vegas Chamber Mary Beth Sewald, and President of the Las Vegas Raiders Sandra Douglass Morgan.

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Nevada Leisure and Hospitality Recovers; Unemployment Rate Decreases

welcome to fabulous las vegas nevada signage — Photo by Grant Cai / Unsplash

Carson City, NV - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) July 2023 economic report, Nevada’s unemployment rate decreased slightly from June to July, going from 5.4 percent to 5.3 percent for a decrease of 0.1 percentage points. The labor force in the state grew by 3,400 and July marked the 8th consecutive month that the state has seen an increase in the labor force.

*Small business roundtable with U.S. Senator Catherine Cortez Masto speaking at the mic (Courtesy of Gatekeepers Industries & Co)*

U.S. Senator Catherine Cortez Masto met with 16 local AAPI small business owners and community leaders to discuss her efforts to support Las Vegas’ growing AAPI business community and highlight federal resources available to help these businesses grow.

*From left to right:* President of the Las Vegas Raiders Sandra Douglass Morgan, CEO of NFL Peter O'Reilly, Nevada Governor Joe Lombardo, and Las Vegas Host Committee Treasurer Jeremy Aguero *(Photo Credit: David Becker)*

Las Vegas, NV - Yesterday, the NFL and the Las Vegas Super Bowl LVIII Host Committee held a press conference to announce official events and activations for Super Bowl LVIII.

Ivan Ferraz is head of commercial banking for Wells Fargo in Nevada. Based in Las Vegas, Ferraz leads a team of bankers in Reno and Las Vegas focused on middle market and large corporate companies, both privately held and publicly traded, across a wide variety of industries. He has 25 years of banking experience, including 19 years with Wells Fargo.

From left to right: President of the Transportation Trades Department, AFL-CIO Greg Regan, Director or the Nevada Department of Transportation Tracy Larkin-Thomason , U.S. Senator Jacky Rosen, Brightline CEO Michael Reininger, Clark County Commissioner Michael Naft, and Vegas Chamber CEO Mary Beth Sewald (Photo by Vegas Business Digest)

U.S. Senator Jacky Rosen (D-NV) held a press conference to call on the U.S. Department of Transportation (USDOT) to fund Nevada’s application, seeking $3.75 billion in federal funding to construct the Brightline West’s 218-mile high-speed rail project. The project will connect Nevada and Southern California through planned stations in Las Vegas and San Bernardino County, with connectivity into Los Angeles County through Metrolink.