Sisolak Administration Key Facts: Economy
Despite being among the hardest hit states by the pandemic, Nevada’s economic recovery has been one of the most resounding.
While the work continues to diversify our economy and support Nevada families, the impressive progress we’ve made bodes well for our state’s future.
Governor Sisolak remains focused on building an economy stronger than it was pre-pandemic, along with a more resilient foundation for our state’s long-term success.
Despite the challenges posed by the pandemic, Nevada’s economy continues to rebound and grow:
● Last year alone, Nevada added over 94,000 jobs and had the highest percentage increase in job numbers of any state in the nation.
● Under Governor Sisolak’s leadership, the Pandemic Emergency Technical Support grant program (PETS) distributed over $100 million to nearly 9,400 Nevada businesses and organizations during the pandemic.
● Tourism is one of Nevada’s economic staples, and Vegas’ hotel room occupancy rates are now higher than they were before the pandemic began.
● Nevada was also rated as having the best economic momentum in the country in 2022, Las Vegas recently ranked in the top 4 metros for growth in job postings and Reno reached historic employment levels.
Governor Sisolak knows that small businesses are the backbone of Nevada’s economy and a vehicle for economic diversification.
That’s why during the STOS speech, he announced two new initiatives to support small business owners across the Silver State, including:
● A bipartisan task force to further reduce red tape when it comes to occupational licensing,
● Nevada’s first ever Small Business Accelerator Program. This program will help new startups get off the ground, grow, and expand.
By investing in Nevada’s small business communities, the Governor is making Nevada an attractive location for families, innovative start-ups, mom-and-pop shops, and community businesses.
Thanks to the Sisolak Administration’s investments, Nevada’s economy is growing and getting stronger every day:
● Governor Sisolak hosted Nevada’s largest job fair in history in December, connecting over 2,000 job seekers to nearly 180 hiring employers.
● Nevada’s gaming industry broke records in 2021.
○ Nevada’s casino industry raked in $13.4 billion in pre-tax gaming figures. The previous annual record was $12.8 billion, set in 2007.
● Nevada ranked #1 solar economy in the nation.
● Nevada has recovered 212,400 jobs since the worst depths of the pandemic.
Governor Sisolak will continue investing in our economy, lowering costs for families, and building a Nevada that is stronger and more resilient than before the pandemic.