From Binion's to Binary:
Tech Hub Paves Way
for Downtown Evolution
Published September 24, 2019
What exciting things are happening in the technology space in Las Vegas?
The International Innovation Center at Vegas was established by our forward-thinking council and mayor as a way to energize the community by bringing in new types of businesses that create government efficiency and workforce opportunities that diversify our economy.
This helps us to showcase Las Vegas as a city of innovation, featuring companies focusing on hospitality tech, smart city technology, and much more. The Downtown Las Vegas location of the International Innovation Center allows tenants an opportunity to immerse themselves in the real Las Vegas and to get a feel for the local community.
The International Innovation Center
at 300 South 4th Street in Downtown Las Vegas.
"The real estate opportunities are also plentiful,
with ample amounts of Class A and Class B office space available."
The City of Las Vegas hopes to revitalize its downtown district
by attracting tech companies to the area.
Why Downtown Las Vegas?
The location is incredibly convenient, with a travel time to McCarran Airport of 20-30 minutes. You would be hard-pressed to achieve that in somewhere like San Francisco. The real estate opportunities are also plentiful, with ample amounts of Class A and Class B office space available.
A lot of tech companies only come here during CES and limit themselves to the Convention Center. The questions that we ask are: why can’t they set up a customer experience center here in Downtown, and why not have it open for longer than just a week? This could be a great testing ground for these companies to showcase their technologies, and in some cases, by implementing it into our city infrastructure in the Innovation District, which covers about 80 blocks. Rather than just having a showroom demonstration, the city shows potential users how the technology functions in a real-world setting.
A lot of technologists will buy solutions having only seen a demo, but never knowing how or if it works in the real world. It would be so advantageous to be able to offer this to tech firms and their potential clients. In addition, it gives us the ability to showcase our city and the potential opportunities that we can offer technology companies. This is a great opportunity for Las Vegas to be a part of the tech ecosystem that has sprung up in neighboring Phoenix, Salt Lake City, and Denver.
The annual CES conference attracts over 175,000
technology professionals to Las Vegas every January.
"The establishment of a tech foothold Downtown
will equate to a demand for restaurants, retail establishments, housing,
transportation, and creative office space."
With the 4th Street location at capacity, the International Innovation Center has expanded to the Historic Fifth Street School.
How has uptake been for the International Innovation Center?
The space on 4thStreet is at capacity, with 8 companies operating out that 12,000 square foot facility. The grand opening isn’t until September 25, and yet we’re booked out. We’ve expanded to the 5th Street School, where we’re focused on bringing workforce development opportunities while incorporating the arts. These companies will provide training for coding and tech support, which we’ll need in our economy, as businesses modernize and digitize their infrastructure. We want homegrown tech professionals, as opposed to outsourcing to other states. With the demand and success we are in the process of developing a second facility which will provide additional space for business and workforce development. We will announce this new location following the grand opening. It’s an exciting time for business opportunities in Las Vegas.
"This will be the foundation for the growth of Downtown Las Vegas."
The International Innovation Center's expanded location in the Historic Fifth Street School will provide training for skills such as coding.
Do you see the Las Vegas brand’s association with the gaming industry hindering our ability to become recognized in the tech community?
We see a great opportunity to leverage the Las Vegas brand in the international community, especially for companies looking at breaking in to the U.S. market. It’s because of that name recognition that we’ve been able to establish a partnership with the country of Israel, as well as Tokyo-based telecom company NTT.
What impact will this have on the development of Downtown?
The establishment of a tech foothold Downtown will equate to a demand for restaurants, retail establishments, housing, transportation, and creative office space. This will be the foundation for the growth of Downtown Las Vegas. The technology community is just the beginning.