GOED reports roughly $1.4 billion in investment, outlines workforce and metrics priorities
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Summary
GOED Director Tom Burns told the board the agency’s incentives roughly translated to $1.4 billion in investment and 377 new jobs for the fiscal year; staff presented pipeline and retention metrics and discussed workforce training links to K‑12 and community colleges.
GOED Executive Director Tom Burns delivered an update highlighting incentive outcomes and agency programs, saying the board’s incentives for the fiscal year ending June 30, 2025, were associated with roughly $1.4 billion in investment and 377 new jobs.
"For the fiscal year that ended June 20 June 2025, this board improved incentives of approximately $1,400,000,000 that resulting $1,400,000,000 investment in Nevada and 3 77 new jobs with the arrival of 16 new companies," Burns said during his remarks.
Steve Sheets, presenting GOED’s metrics report, said year‑to‑date the agency had assisted 46 companies that committed to about 1,552 jobs within the first two years and reported assisted‑company investments of about $1.35 billion. "Over the 3 quarters, we've helped 46 companies, who've committed to about 1,552, jobs within those first 2 years," Sheets said.
Board members pressed staff on how sector trends feed into workforce planning. New Board member Dr. Victor Wakefield asked how business‑development leads inform K‑12 and community college programming. Elaine Silverstone, GOED’s workforce development director, said GOED has funded 41 WIN (workforce investment) programs across the community‑college system over two years and that approved programs build capacity for more than 2,000 students: "When we come when we approve a win application, governor, we can estimate those over 2 we build capacity for more than 2,000 students to go through these programs." She offered to follow up with Wakefield on program specifics.
Sheets also explained GOED’s focus on retention metrics and more stringent site‑visit accounting; he reported 30 in‑person site visits for the period and an average assisted‑company wage of $36.30 per hour year‑to‑date.
Why it matters: GOED’s reported incentives and pipeline metrics shape legislative and public expectations about the agency’s effectiveness in attracting and retaining employers, and they frame workforce investment priorities tied to local training partners.
Next steps: Burns noted planned trade delegations (Seoul and Tokyo) and staff follow‑ups on county unemployment patterns and potential opportunities at the Hawthorne army depot.
