SMART VEGAS: A FORWARD-FOCUSED PLAN

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SMART VEGAS ACTION PLAN

Estimated trillions in incremental GDP growth will significantly transform the way smart city citizens live and how our city operates. We need to be strategic in the way smart city technology is deployed to ensure we maximize our economic and operational potential. Economic Growth

Public-private partnerships provide alternate funding models that can help the City to deploy projects and invest in new, tech-centric programs. Smart city programs will create a catalyst for a better economy, and a better economy can lead to further investments in smart city programs. A more skilled workforce — trained from smart city programs — will promote higher salary demands and a stronger tax position. Data analytics can promote operational efficiencies while reducing administrative waste and associated costs. Smart infrastructure and urban areas can be used as technology incubators, and will support small start-up businesses that could transform into technology juggernauts that will call the City of Las Vegas home for many years to come. Our tech-driven environment will be a real time hub for testing and showcasing innovative processes and technologies, which will entice more companies to relocate to the City. While our economy is currently considered healthy, stable, and growing, City officials understand that there is always room for improvement, and continued economic growth will attract businesses that can improve the City’s overall economic position and offer well-paying, sustainable jobs.

Key Considerations While the City of Las Vegas currently exhibits economic stability and growth, moving forward we should focus on reducing unemployment and attracting technology business relocations and start-ups. Establishing joint ventures and P3s with key technology and data companies will serve as a symbiotic relationship: companies can leverage existing Smart Vegas infrastructure while minimizing the City’s economic investment to continue deploying technology projects. Data from Smart Vegas programs — from street operations to utility services — will be available to the private sector, which will help the City develop new services and applications that create jobs and improve livability.

Relevant Priorities

Iconic Las Vegas

Workforce development

Smart Vegas

At-risk Populations

Public Safety

Neighborhoods