Las Vegas is experiencing a surge in population and new business opportunities, making it the nation’s hottest city for entrepreneurs who are flocking to Sin City to cash in on a safer bet — an influx of residents and a booming local economy that has generated a slew of new business opportunities.
As a result, the number of entertainment and tourism jobs has shot up 14.2 percent since 2002, growth is equally impressive in areas like financial and professional services. “The casino and tourism industry is still the big dog around here, but it’s amazing how many smaller businesses feed off that animal,” says Michael Graham of the Las Vegas Small Business Development Center.
Of the nearly 40 million visitors the city attracted in 2006, roughly 15 percent were business-meeting and convention attendees, according to the Las Vegas Convention and Visitors Authority. Those numbers are widely expected to rise in 2007 thanks to a surge in local and national industry events like the Consumer Electronics Show, the Specialty Equipment Market Association, and MAGIC Marketplace. Over $25 billion will be spent in development to boost the city’s hotels by more than 170,000 rooms by 2010.
Forget showgirls and slot machines. Vegas means business
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