Las Ve­gas seeks Chi­nese in­vest­ments be­yond casi­nos, ho­tels

China Daily (USA) - - IN DEPTH -

Be­yond at­tract­ing Chi­nese to its casi­nos and ho­tels, Las Ve­gas city of­fi­cials also want Chi­nese to in­vest more in a city that hasn’t been a tra­di­tional re­cip­i­ent of Chi­nese money like Los An­ge­les, San Fran­cisco or New York.

From July 31 to Aug 9, North Las Ve­gas Mayor John Lee made a 10-day, five-city visit to China, dur­ing which he said ex­ec­u­tives from five man­u­fac­tur­ing com­pa­nies ex­pressed in­ter­est in set­ting up op­er­a­tions in the city. He de­clined to dis­close the names of the com­pa­nies.

“I want to at­tract busi­nesses that will di­ver­sify the economies of fam­i­lies liv­ing in North Las Ve­gas,” Lee said. “There are lots of jobs in gam­ing and tourism in South­ern Ne­vada, but I don’t want us to be re­liant on one in­dus­try. I want to bring some man­u­fac­tur­ing jobs where we can pro­duce things that can be dis­trib­uted through­out the coun­try.”

Lee and North Las Ve­gas City Man­ager Qiong Liu joined lo­cal and state of­fi­cials from Cal­i­for­nia on the visit to Beijing, Taiyuan, Nan­jing, Guangzhou and Shen­zhen.

In Beijing, Lee said he got re­as­sur­ances from a high-rank­ing ex­ec­u­tive with elec­tric car com­pany Fara­day Fu­ture that the com­pany is on track to build a $1 bil­lion plant out­side Las Ve­gas. The com­pany has not pub­licly an­nounced an open­ing date for the fac­tory, or when cars would be man­u­fac­tured.

Ne­vada law­mak­ers in 2015 ap­proved $215 mil­lion in tax in­cen­tives to at­tract Fara­day. The plant is ex­pected to have 4,500 full-time em­ploy­ees, at least half of whom must be Ne­vada res­i­dents, as part of an agree­ment reached with the city.

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