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Trust Over Transactions: 50 Years as Southern Nevada’s Economic Compass

by Emma Walker – News Editor

## Trust Over Transactions: 50 Years‌ as Southern Nevada’s Economic‌ Compass

For half a century, the Center for Business and Economic Research⁤ (CBER) at UNLV has served as Southern Nevada’s primary source for​ objective economic analysis, guiding​ the‌ region through periods of ​explosive growth, challenging recession, and transformative change. From its​ humble beginnings to its current focus on economic resiliency, CBER’s commitment⁣ has remained⁣ steadfast: ‍to provide data-driven insights that benefit the community.

CBER’s story began in ​1974 with the publication of the first Clark County Factbook, a foundational ⁣resource that ultimately‍ evolved into the Las ‍Vegas Perspective. ‍this ‌initial work established CBER as a‌ vital source of local economic intelligence.

Following this launch, William Robinson strengthened CBER’s reach by forging strong ⁣relationships‌ with​ the⁢ Las Vegas Review-Journal ​and the Nevada Growth‌ Authority. This collaboration ensured ⁢CBER’s research gained wider public visibility and influence.

The‍ center entered‌ a period of critically important growth⁤ and community engagement ​under the leadership of Keith schwer. ⁤This “golden era” saw ⁤the launch of ⁣several key projects, including the annual Economic Outlook conference,⁢ detailed ‍population forecasts, and the Nevada Kids‍ Count ⁢initiative. These projects ‍were instrumental in helping ​a rapidly expanding Las Vegas ⁣navigate evolving needs in education, entertainment, and healthcare.

The Great Recession prompted a shift in CBER’s ⁢research focus under Stephen G. Brown,who directed studies toward understanding the impacts of the downturn on housing,taxation,and energy policy. This research proved crucial in helping Nevada​ comprehend its path to ⁣recovery and future growth.

Stephen M.Miller subsequently broadened⁤ CBER’s ‍scope, examining the interconnectedness of Southern Nevada’s economy with​ the broader U.S. economic landscape.

Today, under the‍ direction of Andrew Woods, CBER’s work centers on building economic resiliency -‍ preparing Nevada for its next phase of growth in key ​sectors like healthcare, manufacturing, information technology, and entertainment. “Cross-disciplinary work is ⁢key to tackling the complex challenges‌ facing Nevada’s economy,”​ woods said. “We’re here to be a⁣ trusted‍ resource across sectors – from government to business to nonprofits.”

CBER’s commitment to⁤ innovation‌ is ‌exemplified‍ by its recent partnership with the UNLV Sports Innovation Institute. This​ collaboration resulted in the‌ Southern ⁢Nevada Sports Economy Data Dashboard, a tool designed to measure the economic​ impact of Las⁤ Vegas’s burgeoning sports scene on ⁣tourism, employment, and small businesses.

the value of CBER’s work⁣ is widely recognized within ‍the community. Tina ⁢Quigley, former director ⁤of the Las Vegas Global Economic Alliance,‍ emphasized the importance of CBER’s forums, stating, “We wouldn’t ‍know the city’s true potential without‍ these forums.”

CBER’s quarterly “Brews & Views”‍ events, held⁢ at restaurants throughout the valley, provide a platform for discussing critical economic issues. The most recent event focused on the‌ economic impact of the Las Vegas brand, featuring⁤ panelists ⁣from Formula 1, R&R ⁢Partners, Film Nevada, UNLV Sports​ innovation Institute,⁣ and TKO. Austin​ Brown, vice president of marketing for Las Vegas Grand Prix,⁢ Inc.,captured the essence of the Las Vegas brand,noting,”Las⁢ Vegas ​is its own character in a movie.”

Woods highlights the practical application of CBER’s research, pointing to Southern Nevada’s success in water⁣ conservation. “southern Nevada overall uses less water today than 20 years ago,‌ despite ‌adding nearly a million residents,” he noted.‍ “That’s the power of applied⁢ research making a real difference.”

Ultimately,​ CBER’s enduring legacy is rooted in its dedication​ to serving the community.As ‌William ⁣Robinson succinctly put it: “We are servants⁢ of the community, first.” ​ ⁣For ⁤50 ⁢years, CBER ‍has remained⁤ true to this principle, acting as Southern Nevada’s ⁢trusted economic compass, guiding the region toward a enduring and ‌prosperous future.

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