One of the many bright spots of Nevada’s post-pandemic economy has been the commitment by investors to dedicate billions of dollars to developing new projects across the state. While the uncertainty created by the pandemic and related response temporarily stalled some projects, the current surge in development of new resorts, high-tech factories, infrastructure projects and other investments rivals pre-pandemic levels.

At the end of 2019, the list of investments included many high-profile projects. A few, including the MSG Sphere and the Fontainebleau (then Drew Las Vegas), paused construction as the effects of the pandemic and related response rippled through the economy. Meanwhile, other significant projects pushed ahead to completion, including Allegiant Stadium, the Las Vegas Convention Center expansion and Resorts World Las Vegas, the first major resort opening in more than a decade.

By continuing through the pandemic, those projects and others helped support the construction industry even as statewide unemployment surged. With a healthy amount of construction activity providing lift, construction employment in Nevada dipped only 6.4 percent compared to the 22.4 percent fall in overall employment. Construction employment also recovered faster, reaching its pre-pandemic levels in 13 months compared to 22 months for overall employment.

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