Tourism Economic Impact Research in Nevada
GrantID: 10079
Grant Funding Amount Low: $55,000
Deadline: Ongoing
Grant Amount High: $55,000
Summary
Grant Overview
Economic Impact of Tourism Research in Nevada
In Nevada, tourism stands as a cornerstone of the state’s economy, contributing significantly to both job creation and revenue generation. Las Vegas remains one of the most visited cities globally, yet the state faces challenges in measuring and maximizing the economic impact of its tourism sector. Research indicates that tourism accounts for over $65 billion annually, representing roughly 27% of the state’s gross domestic product. Understanding the economic nuances of this sector is vital for effective policy development and strategic planning.
The entities poised to benefit from this funding initiative include educational institutions, research organizations, and local chambers of commerce involved in tourism and economic analysis. Those eligible for funding are expected to conduct rigorous data analysis and produce comprehensive reports that detail the economic contributions of tourism at both local and statewide levels. This approach emphasizes collaboration between academic research teams and local tourism stakeholders to ensure that findings are relevant and actionable.
Who Should Apply for Tourism Economic Impact Research Funding in Nevada
To qualify for this funding, applicants must demonstrate capacity and a clear understanding of the tourism landscape in Nevada. Proposals should outline specific research objectives, methodologies, and the anticipated economic insights to be generated from the study. Applicants will need to provide evidence of expertise in economic analysis and familiarity with local tourism dynamics.
Furthermore, the application process involves presenting detailed budgets that clearly outline the projected costs associated with the research activities. This commitment to transparency is essential given the state’s ongoing need for reliable economic data to inform tourism policy and development initiatives.
Target Outcomes of Nevada’s Funding Initiative
The targeted outcomes of this funding initiative encompass enhanced understanding of tourism’s economic impact and the development of data-driven strategies for boosting tourism growth. In Nevada, where tourism significantly influences local economies, understanding these dynamics is crucial for fostering sustainable economic development.
By focusing on empirical research and analysis, the initiative aims to equip policymakers and business leaders with the information necessary to enhance the effectiveness of tourism marketing and development strategies. Successful implementation of funded research will thus contribute to policy initiatives that bolster Nevada’s tourism sector, ultimately fueling further economic growth across the state. The initiative not only aims to analyze past and present trends but also to predict future developments, allowing Nevada to adapt strategically in a rapidly evolving tourism landscape.
Eligible Regions
Interests
Eligible Requirements
