What Economic Development Means to Henderson
A young boy hurriedly laces up his skates; he can’t wait to take to the ice for his first youth league hockey game at the Lifeguard Arena….A teen girl learns 21st century tech skills with specially designed curriculum; she won’t have to wait for a rewarding future thanks to the new Career and Technical Academy in West Henderson….The crowd leaps its feet and the atmosphere is electric in the 6,000-seat Dollar Loan Center where the calendar of exciting professional hockey, indoor football and music events is non-stop.
02. More money in the economy and expanded tax base
03. More money in city reserves without tax rate increase
04. Improvements in city services and quality of life
This is what economic development means in Henderson—this, and so much more. You see, economic development is, simply, the creation of wealth from which the community realizes benefits. Economic development, or ED as it is called, is ongoing all across Henderson. Residents can see it in the massive Haas Automation manufacturing complex nearing completion; families can feel it in a setting that’s now attracting more businesses and higher paying jobs, where those new jobs and that new investment are also expanding the tax base and thus opening greater opportunities in careers, education, recreation and entertainment. In short, ED makes life more rewarding every way.
Case in point: The Lifeguard Arena and the Dollar Loan Center, both the result of a public/private partnership between the city of Henderson and the Golden Knights hockey franchise. Both venues have enriched Henderson’s quality of life, even as they have helped spark even greater tourism and business development. The Lifeguard Arena, for example, has been a dynamic driver in the Water Street revitalization. That’s how ED works, synergistically, in a virtuous cycle: Great developments lead to more great developments.
10 REASONS WHY ECONOMIC DEVELOPMENT IS CRUCIAL
New industries bring new jobs. Haas Automation, for example, is projected to create 2,500 jobs over the next 10 years. New jobs support workers and their families, circulate more money in the economy, and enlarge the city’s tax base. In turn, a stronger tax base helps maintain city services of higher quality and dependability.
A diversified economy is a more resilient economy, powered by multiple sectors that provide the agility to more effectively meet changing economic conditions.
When existing businesses thrive, they create more jobs even as they add stability to the economy. This provides tangible and intangible benefits, such as allowing employees greater security and opportunity in realizing their future, which also makes the community a more attractive place to live.
From new and improved roads needed for new and growing industry to better school instruction and training options, ED bolsters the structures that underpin community success. In Henderson, this is visible in the development of the Employment Corridor as well as the Workforce Center of Excellence and the new K-12 Career and Technical Academy in West Henderson.
While ED helps existing residents become skilled workers through an aligned talent pipeline, better jobs and better quality of life also attract skilled workers and educated people of working age from outside the region.
By encouraging entrepreneurship, ED facilitates new ideas and innovation that can filter throughout the community.
By bringing in new investment, industry and jobs, ED increases the size of tax base so that more dollars are brought into city coffers without raising taxes rates.
Better jobs improve the quality of life for employees while enhanced city services—reflected in superior schools, parks and public safety—mean a higher overall quality of life.
Human capital is the value of employee assets such as skills and education, intelligence and health, and other qualities that a satisfied and competent worker brings to the workplace. ED facilitates all those factors that build up human capital, thus building in higher productivity for local businesses.
By promoting a more self-sustaining cycle of positive growth, ED prevents stagnation and keeps the community flourishing.
ED creates jobs.
New industries bring new jobs. Haas Automation, for example, is projected to create 2,500 jobs over the next 10 years. New jobs support workers and their families, circulate more money in the economy, and enlarge the city’s tax base. In turn, a stronger tax base helps maintain city services of higher quality and dependability.
ED diversifies the economy.
A diversified economy is a more resilient economy, powered by multiple sectors that provide the agility to more effectively meet changing economic conditions.
ED fortifies the economy.
When existing businesses thrive, they create more jobs even as they add stability to the economy. This provides tangible and intangible benefits, such as allowing employees greater security and opportunity in realizing their future, which also makes the community a more attractive place to live.
4. ED strengthens infrastructures.
From new and improved roads needed for new and growing industry to better school instruction and training options, ED bolsters the structures that underpin community success. In Henderson, this is visible in the development of the Employment Corridor as well as the Workforce Center of Excellence and the new K-12 Career and Technical Academy in West Henderson.
5. ED attracts younger, skilled workers.
While ED helps existing residents become skilled workers through an aligned talent pipeline, better jobs and better quality of life also attract skilled workers and educated people of working age from outside the region.
ED encourages innovation.
By encouraging entrepreneurship, ED facilitates new ideas and innovation that can filter throughout the community.
ED raises tax revenues without raising tax rates.
By bringing in new investment, industry and jobs, ED increases the size of tax base so that more dollars are brought into city coffers without raising taxes rates.
ED improves the quality of life for all.
Better jobs improve the quality of life for employees while enhanced city services—reflected in superior schools, parks and public safety—mean a higher overall quality of life.
ED improves human capital.
Human capital is the value of employee assets such as skills and education, intelligence and health, and other qualities that a satisfied and competent worker brings to the workplace. ED facilitates all those factors that build up human capital, thus building in higher productivity for local businesses.
ED assures the future.
By promoting a more self-sustaining cycle of positive growth, ED prevents stagnation and keeps the community flourishing.
HENDERSON ED IN ACTION
Peter Zierhut,
Vice President, Haas Automation
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