Business Confidence Rebounds
According to the UNLV Center for Business and Economic Research (CBER), the Southern Nevada business confidence index, which is tracked by the center, increased by 6.6 percent on a quarterly basis. This is a rebound from the previous three straight quarters of decline.
VEA Earns Cornerstone Award from Pahrump Valley Chamber
The Pahrump Valley Chamber of Commerce has recognized the Valley Electric Association (VEA), a member owned nonprofit electric utility, with its annual Cornerstone Award. The award is given to local businesses that consistently serve as an integral part of the community. This is the second time the VEA has received this award, the first was in 2008.
ITS Logistics Consolidates Operations and Plans for Growth
ITS Logistics, a third-party logistics company in Northern Nevada, is consolidating into a 630,000 square foot campus. The move, which began last month and will be complete in May, brings the company’s corporate offices, five warehouse and distribution centers as well as the company’s truck yard operations all under one roof. ITS Logistics has grown recently and plans to continue hiring two people a month for the next two years which will bring them to 650 employees by the end of this year. The company earned $100 million last year and ownership hopes to scale to $300 million within five years.