LOS ANGELES — Faced with the nation’s highest foreclosure and unemployment rates, Nevada political leaders decided last year that they needed a plan to not only vault the state out of its current economic trough, but flatten out the peaks and valleys of its boom-and-bust economy.

With that in mind, the state Legislature approved Assembly Bill 499 last summer, creating the Governor’s Office of Economic Development. The new cabinet-level agency, established in September, released an economic development plan this year setting a goal of creating 50,000 jobs by 2015.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.