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Seems like it would be a good place to move a corporate campus with plenty of available labor, low taxes, plenty of developable land, good weather compared to most places, and plenty of available housing in all price ranges for employees.
I know several small-businesses that are doing so (my own included). It's only been since the shakeout that real-estate has gotten nice and cheap, though, and we're still in a crunch - a large operator is going to sit and wait and build capital a bit longer before making a big investment in a new corporate campus.
I will chime in since I am up early and bored and I have pondered this question myself
1. let me be clear I am no Vegas expert and have not been there in years
2. let me be clear I am not trying to bash Vegas at all just stating my answer to this question
3. dingy Harry aside I take no real joy in the situation a place like Vegas is in at this day and time
but my answer is that the 24X7 lifestyle is unattractive to most companies and I think the 24X7 lifestyle is killing many places in the USA not just Vegas.....the city I live in now is 200K people, has 4 walmarts and every damn one of them is open 24X7X365......I mean hell obviously I keep odd hours from the fact I am posting this at 5:21 am my time......but damn at this time I can get ANYWHERE in my city in 10 minutes......do I really need 4 walmarts, 20 McDonalds, and 50 other fast food places, and 100 Cstores open 24X7X356 all staffed by people that should be at home resting up for a decent job or taking their life in their hands to sell some gas and cigarettes
I will also say that the casino companies have been their own demise and the demise of Vegas specifically.......I am in Texas and we are one of the last places with next to no casino gambling and some idiots want to bring it here even though it has dropped by a mile in Vegas, Atlantic City is still a dump off the board walk, and Louisiana, New Mexico, and Oklahome have thousands of crappy truck stops filled with truck stopping mamas smoking the cheap cigarette of the week and wasting their money and life away mathematically giving it away to a damn slot machine
seriously is that entertainment.....is that really what my state wants to hang their future revenues on......and hell New Orleans has proven that casinos can go broke before their building is actually finished and then go broke again once the fancy building opens and that casino takes money that would have spend elsewhere in the city and eats it up......and now they "need" a hotel and restaurant to "make a go of it" as if New Orleans is not known for their food and they need some all you can eat crap to set them apart
let me make it clear.....I have no issue with gambling, I actually prefer to watch the horses run because I like the animals, you get more bang for the buck, and if you do some homework you have a chance of taking "the fields" money home in your pocket
Vegas back in the day was something special.....you came, you gave your money away mathematically, you were treated well, and you were provided with "inexpensive things" that were actually nice and had quality to keep you around and at the end of the day or week you felt like you had a decent time for the total money spent
but now with every "boat", former strip club, and neon covered truck stop having a "casino" in it who the hell does the gambling industry think is saving any money up to have a decent vacation in Vegas.....just flat stupid.....those casino companies should be lining the pockets of every slimy politician they can get their paws on to prevent more places from opening up crappy casinos in their area
some what off point on the gambling, but at the same time it is on point....the 24X7X365 life style, the cost of flashing and dashing, the drinking, whoring, and partying is just not conducive for raising a family
in a country where sadly both parents have to work to try and make ends meet.....even if the main bread winner has a good job with benefits and decent hours their spouse has probably a 50% or greater chance of having a job that conflicts with the others hours...and that can be in a city that is not revolvign around 24X7X365 go go go party party party like Vegas......who wants to work all day at "industry" and come home and see your wife or husband for 2 hours before they go off to a service sector job or to a supervisory job in the service sector....and as many "chefs" and hotel restaurant operators all over the USA learn.....the busy time for their industry is the weekends....and especially in a place like Vegas it is MAGNIFIED.....while most "industry" still tried to keep a monday-friday 8-5 type schedule.....so again your spouse probably has a conflicting schedule for their part time or other job VS the main bread winner......just not an enjoyable way to live or have a family in a country that already works their citizens too many odd hours as it is with dramatically varying schedules
and as someone else mentioned......Vegas will always be a younger persons town.....come and make a name at a big hotel or restaurant or resort and then finally get to the age to get a promotion or use your experience for a move up......do you want to stay in the place that is known for 24X7X365 partying, wildness and all the issues that come with it or do you want to transfer to a place where the city has much more of a regular industry and lifestyle and business customers and regulars that are not looking to tie one on and then leave it all in Vegas (including the urine and vomit and the police photo and the brawling charges)......hell no most want OUT of that.....so regular industry in Vegas is still putting up with employees leaving because the spouse got a promotion and they are going to use that promotion to get out of a city that used to be very expensive relative to other places in the USA and with a cost of "lifestyle" that is expensive as well along with the 24X7X365 aspect of EVERYTHING
again please don't take this as bashing Vegas.....I like to tear it up all night as much or more than anyone (not a big drinker or fighter though) and I have no issues with gambling and would do it a bit more if I thought there was a decent free or cheap buffet in it for me after my probable losses.....but then I like to step back from all that.....get back to working hard to blow it all again playing hard.....and trying to keep some decent hours or the hours of my choosing
Vegas is a young persons town, it is a single persons town, it is a 24X7X365 town.....and that is all 100% of part of the APPEAL to Vegas....but Vegas went and crapped it all up.....they tried to be a family town......they thought that every truck stop and "boat" in the USA needed a Ferris wheel and a water slide and a few crappy and tight slot machines and some cheap broken neon to go with it.....along with a burger or hot dog "deal"
and now they are unfortunately paying the price for it
please for the love of God BEG your casino companies to stay out of Texas......please for the love of God make Vegas a place that Texans like to come to......drop some cash....and then leave.......please for the love of God learn from past mistakes and stop trying to make Vegas like a regular city....it is not and never will be.....and that used to be what made it so appealing.....and please for the love of God stop building cheap fake ass knock offs of the worlds great places at a massive expense that will be difficult if ever possible to recoup, and please for the love of God send all the celebrity chefs back to the over priced dog food, crap, and cream fresh on a trisket for $22.50 restaurants that they came from
build a sweet pool, build a single nice place for the few kids that parents are dumb enough to bring to Vegas on a vacation, make your golf courses less expensive for a round, pile on the QUALITY food at a decent price buffets.....and stop trying to be a real city or a place that caters to the 30,000aire doucher in the affliction shirt and pretending that anyone with real cash or desire to be in Vegas wants to be around those losers....and stop trying to pretend there is an endless pile of revenue that is still untapped that people will just fritter away in the back room of some Cstore in Oshkosh, Wisconsin or Ottumwa, Iowa
it is like Dubai pretending that anyone with an ounce of common sense or real income wants to go their to snow ski......much less going to one of the most restrictive, backwards, and brutal countries on earth for a vacation.....I would rather snow ski in a dump and vacation in a US prison than go to Dubai for a vacation.....now if I need to do some business in the oil patch, get a foot hold in the middle east finance or banking industry, or set up shop in a place in the middle east that at least has some westernized business practices.....look out Dubai I am on a plane there tomorrow.....but a vacation.....pLeAzE...
some places just can't see what the golden goose is and some places can't figure out that the golden goose also craps all over the place and makes a lot of noise as well
Vegas had a golden goose......they tried to turn the goose crap into gold as well....and failed.....Texas has our golden goose......now some totally shortsighted fools are thinking that we can borrow your golden goose and get golden eggs instead of the goose crap that New Mexico, Louisiana, and Oklahoma got when they tried to borrow the golden goose of Vegas
put the plastic molding plant in Shreveport or Lake Charles instead of Las Vegas and put the damn casinos in Vegas where there is a true casino and 24X7X365 lifestyle and stop trying to mix the two......because it is failing ALL of us and sadly it has failed Vegas the worst
that is my rant.....get back to what Vegas did best....appealing to high rollers and making small timers feel like a high roller for a few days or a week.....stop pretending that there is a future in industry in a place that has such a hurried and harried lifestyle and stop pretending that places with ZERO lifestyle will have it if you build a metal building, cover it with neon, and fill it with cheap cigarette smoke, cheap quality food, poor quality over priced booze, cheaply paid and poorly trained employees, and losers that find that entertaining
because it AIN'T WORKING BABY!
good Luck Vegas I am not sure the gambling industry can back out of all the cheap crap they have slapped up all over the USA or all the massively wasted money spent in Vegas to try and pretend you are some other place or places.....but I damn sure wish they would try.....or at least stop trying to repeat the same mistakes in the last few places without the neon covered hell hole with the tight slots and all the worst table games located in some rat hole with a dream and a glint of neon in their eyes
I will chime in since I am up early and bored and I have pondered this question myself
but my answer is that the 24X7 lifestyle..........
...............
Your argument made its point, crashed into the ground and blew up upon takeoff.
I now give you a scene from the movie Billy Madison:
Principal: Mr. Madison, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul. Billy Madison: Okay, a simple "wrong" would've done just fine.
Your argument made its point, crashed into the ground and blew up upon takeoff.
I now give you a scene from the movie Billy Madison:
Principal: Mr. Madison, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul. Billy Madison: Okay, a simple "wrong" would've done just fine.
I ponder this one too but it all fits into a bigger picture.
Yes, this is a generalization but I've found it to be true. The best jobs are always located in places where you don't want to live. And conversely, any place you want to live will have no decent jobs.
Why is this?
Las Vegas area has large tracts of undeveloped land. A huge workforce used to low pay and shiftwork. Also an amazing number of well educated people who are consistently underemployed. A favorable tax structure compared to most places in the US. Close to the west coast for shipping and good freeway access for moving goods and supplies.
Many types of manufacturing requires access to a lot of water -- semiconductor manufacturing, for example. Las Vegas is at a big disadvantage - even relative to Phoenix (Intel has wafer fabrications plants in a suburb of Phoenix, for example) & New Mexico (ditto).
Then of course there isn't much of a supply of PhDs in electrical engineering or material science, either... biotech/bioengineering either for that matter.
But on the plus side there are a lot of retired executives who know a fair bit about running a business. That management expertise could be leveraged more effectively.
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