Exchange Database

Nevada delegation heads to China to mine for investors

As Las Vegas ramps up efforts to attract even more Chinese tourists in the next few years, a Las Vegas economic delegation will be visiting several major Chinese cities for a 12-day trip to promote southern Nevada as a global business destination for Chinese investment. The Las Vegas Global Economic Alliance (LVGEA), a non-profit organization heads to China on March 15 to visit Hong Kong, Taipei, Beijing, Shanghai, Shenzhen and other cities. The LVGEA is looking to interest Chinese investors in technology, manufacturing and real estate, according to Tom Skancke- president and CEO of LVGEA, and get across to them that the state is "highly competitive" for those sectors because of a relaxed regulatory environment. Clark County, located in southern Nevada, has been a foreign trade zone for the last 15 years, which might be attractive to Chinese exporters who are looking to bring their goods in and out of the US. The only time taxes are paid is if a product is sold in the US, and import and exports remain tax-free. The real estate market in southern Nevada, which was hit especially hard in the wake of the recession with some of the most home foreclosures in the US, is becoming especially appealing to the Chinese investor because of its affordability.
Outcomes: 
LVGEA's upcoming trip to China, which is its fourth in the last two years, is one that Skancke hopes will help focus conversation away from Las Vegas as being solely a tourism center, though tourism still plays a big part in southern Nevada's economy.
Government?: 
No
Type of Exchange: 
business
Partners: 
Las Vegas Global Economic Alliance (LVGEA)
Sponsor(s): 
Las Vegas Global Economic Alliance
Participants (Types): 
businesspeople
Exchange Date: 
Saturday, March 15, 2014 to Thursday, March 27, 2014
Continuing: 
No
Image: 
Location: 
Hong Kong, Taipei, Beijing, Shanghai, and Shenzhen
*If you know more about this exchange, please contact us.

Contribute to Database

Please tell us about U.S.-China exchanges that are not yet included in the database.

Commission Report

Polls show Americans and Chinese are becoming less trustful of each other’s country. The Commission assesses the problem and offers recommendations to foster greater U.S.-China collaboration and understanding.

Sign up for our mailing list