File #: 23-1549   
Status: Agenda Ready
File created: 10/31/2023 In control: Clark County Board of Commissioners
On agenda: 11/7/2023 Final action:
Title: Approve and authorize the County Manager or his designee to sign a Donor Commitment Agreement for the distribution of $440,000 to Las Vegas Global Economic Alliance (LVGEA) previously allocated to support regional economic development activities in coordination with the NFL Super Bowl LVIII and other large -scale major events coming to Clark County in 2024; or take other action as deemed appropriate. (For possible action)
Attachments: 1. Staff Report, 2. Clark County Donor Agreement Updated

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Shani Coleman, Director of Community & Economic Development

Recommendation: 

title

Approve and authorize the County Manager or his designee to sign a Donor Commitment Agreement for the distribution of $440,000 to Las Vegas Global Economic Alliance (LVGEA) previously allocated to support regional economic development activities in coordination with the NFL Super Bowl LVIII and other large -scale major events coming to Clark County in 2024; or take other action as deemed appropriate.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

2980.700

Fund Name:

N/A

Fund Center:

9990102000

Funded PGM/Grant:

630000

Amount:

$440,000

Description:

LOCATE Major Events Fund

Additional Comments:

N/A

 

BACKGROUND: 

Clark County is quickly becoming the location of choice for large-scale major events such as the Super Bowl and Formula 1's Las Vegas Grand Prix that provides Clark County with new opportunities to showcase our region to global companies that Southern Nevada is the place for business.  Clark County, as the Sports and Entertainment Capital of the World, will have the opportunity to engage with decision makers from around the globe to highlight the many reasons why Southern Nevada should be their choice to establish or expand their business.

LOCATE (Local Opportunity Collaborative Advancing Transformative Economic Development) is a new regional initiative, with private and public sector partners, formed to identify and foster economic development opportunities by leveraging major special events taking place in Clark County.  LOCATE invites qualified businesses that have expressed interest in expanding in or relocating to Southern Nevada to attend major events as a guest of the community, concurrently taking the opportunity to showcase the community and its assets and introduce key executives to local stakeholders and potential business partners.  LOCATE is using Super Bowl LVIII as a launching point, and other events like Formula 1’s Las Vegas Grand Prix and international soccer matches which have global appeal, provide unique incentives to draw decision makers to the region.