Keeping Track Of Nevada’s Economic Activity
By: Doug Busselman, Executive Vice President
As the Nevada Vision Stakeholders group prepares to sit down for their next meeting on Wednesday April 21st the focus will be on what should be documented into goals for the next five, ten and twenty years. Having seen the first draft of proposal ideas, I have to say that I think the meeting will be a very important session to put into shape something the serves the higher purposes the group might accomplish.
One of the ideas that I will be trying to get included involves economic diversification and tracks along these lines…
We would also be able to see the impacts of government actions which affect the performance of business output.
Somehow the desire that public policy pundits like to discuss regarding Nevada’s need to diversify it’s economic makeup has to translate to something more than the typical handwringing over what we don’t have. Knowing what we have and the nature of the specific components would be a great improvement in my mind and worth including in the Vision goals that our stakeholder group is supposed to be doing. Even better yet, this goal shouldn’t require a tax increase to make it happen.
What goals do you think should be included by the Vision group? Please share those in the comment section that is provided here…
As the Nevada Vision Stakeholders group prepares to sit down for their next meeting on Wednesday April 21st the focus will be on what should be documented into goals for the next five, ten and twenty years. Having seen the first draft of proposal ideas, I have to say that I think the meeting will be a very important session to put into shape something the serves the higher purposes the group might accomplish.
One of the ideas that I will be trying to get included involves economic diversification and tracks along these lines…
Increase Nevada’s Gross State Product by a percent equal or greater to the growth rates of half the states in the U.S. over the next five years and at a rate to propel Nevada into the top 10 percent of all states over the next 20 years. This growth should be accomplished with an emphasis on creating opportunities within the private sector and evaluating the growth in terms of the overall amount of increase and increases in the diversity of components contributing to the state’s Gross State Product.Based on the way the unemployment statistics have become so widely promoted in telling us how bad the economy is doing, it seems that having a regularly, detailed analysis of what Nevada’s economy is doing would be a worthwhile pursuit. This improved understanding of what is taking place within our state’s economic activities could be dramatically improved through quarterly updates with an annual report which identifies the Nevada Gross State Product and the sectors of the economy making contribution to what this total is. The report should also include Nevada’s ranking and levels required to advance for the necessary growth.
We would also be able to see the impacts of government actions which affect the performance of business output.
Somehow the desire that public policy pundits like to discuss regarding Nevada’s need to diversify it’s economic makeup has to translate to something more than the typical handwringing over what we don’t have. Knowing what we have and the nature of the specific components would be a great improvement in my mind and worth including in the Vision goals that our stakeholder group is supposed to be doing. Even better yet, this goal shouldn’t require a tax increase to make it happen.
What goals do you think should be included by the Vision group? Please share those in the comment section that is provided here…
Posted by Doug Busselman at 4/17/2010 1:09 PM 
Categories: Nevada Vision Project
Tags: Nevada Tax Study Nevada Economic Development Nevada Vision Stakeholder Group
Categories: Nevada Vision Project
Tags: Nevada Tax Study Nevada Economic Development Nevada Vision Stakeholder Group
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