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Future of Las Vegas looks bright as local businesses meet at Preview Las Vegas conference

Posted at 12:09 PM, Jan 26, 2018
and last updated 2018-01-26 20:51:35-05

The future of Las Vegas business looks bright.

The Preview Las Vegas conference brought together dozens of local big and small businesses to talk about the future of the city's economy.

Small business owner Shaundell Newson makes his money by helping other small businesses succeed. He said his business has suffered since the recession, until this year.

"We hit the recession and we lost about 60 percent of revenue," Newson said. "But now you see people really getting excited about what's coming down the pipe right now in Southern Nevada."

Like Newson other businesses across the valley see 2018 as a prosperous year for Las Vegas and its economy.

An economist speaking at the conference said a mix of new sports teams, 9 new resort buildings and the marijuana industry could be contributing factors to a booming business in 2018.

But concerns of a crash are still on many people's minds.

Economists believe Las Vegas needs to focus on increasing wages and work hours for employees in order to really make a change in 2018.

The Las Vegas Metropolitan Chamber of Commerce also expects an increase in tourists within the next year as consumer confidence is on the rise.

"It's a great time to be doing business here," said Mary Beth Sewald, President and CEO of the Chamber of Commerce.