Dem Govs Get It Done: Gov. Steve Sisolak Leads Nevada to Highest Credit Rating in History, Strengthening Economic Recovery
Gov. Steve Sisolak has announced that Nevada has received upgrades that give the state its highest credit rating in history. Thanks to fiscal responsibility and a revitalized tourism and hospitality sector, these upgrades affirm Nevada is well on the way to economic recovery from the COVID-19 pandemic.
Gov. Sisolak is earning due praise for his leadership on Nevada’s economy. The three major rating agencies cited Gov. Sisolak’s fiscally responsible budgetary decisions and planning for federal funds through the “Every Nevada Recovery Framework” as reasons for the upgrades.
Gov. Sisolak said, “These upgrades to Nevada’s credit rating show that we made the right financial decisions for our State during the pandemic, and are now on the road to recovery. Now, we can continue putting Nevadans back to work, as we look to create thousands of good-paying jobs.”
This achievement comes after a majority of Nevadans gave Gov. Sisolak a favorable rating on the economy and his handling of the pandemic. Read below for some highlights of Nevada’s economic recovery:
- Nevada had the highest GDP growth in the country in the first quarter of this year.
- This summer, Nevada gaming revenue shattered records while Las Vegas’ visitation rates are the highest they’ve been since the start of the pandemic. The American Gaming Association said 2021 is on pace to be the best year ever for gaming.
- Every month, Nevada is adding more and more jobs back.
- Last week, 13 businesses were approved to relocate to or expand in Nevada. The companies are projected to bring a total of 2,314 high-quality jobs to Southern Nevadans over the next five years.
“Gov. Sisolak has led Nevada through a public health crisis and put the state on the way to a strong economic recovery,” said DGA Senior Communications Advisor Christina Amestoy. “By making fiscally responsible investments and putting Nevadans first during the pandemic, Gov. Sisolak is helping the Silver State bounce back and move forward on solid economic footing.”