Economic downturn
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11/22/2008
The economy in Las Vegas has been primarily dependent on tourism, specifically gaming and entertainment. As a result, Las Vegas has become a favorite for large conventions, which also bring quite a bit of economic stimulus. Until recently, the Southern Nevada area was a perrenial front-runner among the nations fastest growing cities, but since the housing crisis and this economic downturn, contstruction and growth have both slowed considerably. As a result, businesses and municiple governments are facing severe budget cuts, including hiring freezes and layoffs.
Rick | Henderson, NV