It is no secret that the Las Vegas economy was deeply affected by the economic housing crisis in 2008. Fortunately, many parts of the country, including Las Vegas, have experienced a recovery since then, although each on their own terms. Of course, an economic recovery does not guarantee that a new business will succeed. We can turn to location data and mapping to start to answer a simple question: where do businesses fail in Las Vegas? Are there parts of Las Vegas that lead to more failure than others? Are there parts of the city that may not be as impoverished as they seem? Creating a visualization is a good first step in answering these questions.
Where Do Businesses Fail In Las Vegas?: A Visual Heatmap
Where Do Businesses Fail In Las Vegas?: Analysis
This heatmap was produced with R by looking at business licensing data from the City of Las Vegas for licenses issued since 2010. There are some items that come to prominence and are candidates for further research.
- The general corridor of Charleston Boulevard, between the 215 and 15 produce a consistent number of closed business in Las Vegas. When the dataset is expanded out beyond the years prior to 2010, this corridor remains as an area with a higher number of business closings within Las Vegas
- There are two large “hot spots” that stick out on the map as being centers of business failures:
- The two corners on the north side of Sahara & Decatur
- The area of North Buffalo Drive between Vegas and Lake Mead in the Northwest part of Las Vegas
- Although generally considered to be an impoverished part of Las Vegas, the Boulder Highway corridor does not demonstrate any more significant number of business closings over that of other parts of the city
Do any other areas stick out in your mind? Are there areas that you thought would have more business failures but don’t? Please leave a comment below.