“Strong” and “evolving”— that’s how Lt. Governor Kate Marshall, chair of TravelNevada described the Silver State’s tourism industry today. Its robustness is evidenced by visitor spending, which has increased year-over-year since 2009. In calendar year 2018, the 56 million people who visited Nevada collectively spent $65.5 billion here, up from $63.7 billion the year … [Read more...] about Shifts Occurring
Nevada MiningContinued Transition Into High-Tech
Imagine if mining companies could send an unmanned aerial vehicle, instead of a person, into a dark, narrow underground area to document the landscape or the scene following an industrial accident. Well, the Autonomous Robots Labs (ARL) at the University of Nevada, Reno is developing the technology for autonomous aerial robots to do just that, to explore, survey, map and … [Read more...] about Nevada Mining
Moving Goods from A to BNevada’s Logistics Industry is Strong
When imported merchandise arriving on the West Coast can’t be sold due to some type of problem, such as incorrect labeling, loose threads, minor damage and the like, Quality Corrections & Inspections (QCI), a company with a base in Henderson, resolves the issue, quickly returning the merchandise to first quality and the supply chain. In doing so, QCI mitigates the potential … [Read more...] about Moving Goods from A to B
CCIM: A Sweet DealProfessional | Charitable | Fun
Comprised of elite commercial real estate professionals and affiliates, CCIM Southern Nevada is committed to education and professionalism. The organization has a propensity for fun which influences everything they undertake, from their community outreach work to their social events. CCIM stands for Certified Commercial Investment Member, a superior recognition that … [Read more...] about CCIM: A Sweet Deal
Adaptive TrainingWorkforce in Nevada
Numerous factors are contributing to today’s dynamics of workforce training in Nevada—the approach, the offerings and the delivery—which continue to evolve to meet the needs of employers and employees. The Silver State keeps creating jobs at a record pace, the fastest in the United States for the sixth consecutive month as of the end of March 2019. Then, the year-over-year … [Read more...] about Adaptive Training
Amping UpNevada’s Utilities Expand to Meet Demand
Nevada’s population is projected to increase 5.6 percent through 2022, according to the state demographer. That expansion and the continuing robust economy translate into greatly increased, cumulative power and water needs by new businesses and residences. Accommodating the current and forecasted growth is a huge focus of the Silver State entities providing these utilities. … [Read more...] about Amping Up
Spotlight on Rural NevadaA Snapshot of the Silver State’s Frontier
Nevada’s rural areas often get outshone or out-reported by their larger urban counterparts, which is an oversight for at least two reasons. One, the state is primarily rural, defined by statute as cities and towns with a population under 150,000 people. Second, the rural regions warrant mention in their own right regarding business and economic development, as many are doing … [Read more...] about Spotlight on Rural Nevada
BankingLet the Good Times Roll
Mirroring the vibrancy of Nevada’s economy, the state’s banking industry is robust, expanding and expected to remain strong throughout 2019, experts said. “It’s a great time to be a bank in Nevada,” said Stan Wilmoth, president and CEO of Heritage Bank of Nevada. Loans and deposits at the Northern Nevada community bank increased about 8 to 10 percent last year, and Wilmoth … [Read more...] about Banking
2019 Economic Forecast for NevadaUpward Trends
According to experts, the outlook for Nevada’s economy this year is positive and projected to fare at least as well as it did, or perhaps even better, in 2018. However, one or more known or unknown wild cards could have a dampening effect. Some of the indicators that support the forecast in Southern Nevada include strong employment and population growth, robust consumer … [Read more...] about 2019 Economic Forecast for Nevada
Tax Changes: What Nevada Companies Need to Know to Benefit
To fully realize available tax benefits resulting from the Tax Cuts and Jobs Act of 2017 Nevada businesses should assess, plan and, if necessary, make changes, now. “My best advice is run some projections on your income right now. See if you run into any problems or limitations on being able to maximize deductions, and look at what you need to do to restructure to make sure … [Read more...] about Tax Changes: What Nevada Companies Need to Know to Benefit
Nevada’s Retail Industry: Going Strong, Evolving
During the recession, brokers across the board did what they could to stay busy, from cold calls to out-of-the-box solutions. Nevada’s retail market was no different. Christina Strickland, a CBRE Las Vegas senior associate who specializes in retail, no longer has to make cold calls to drum up business like she did during the recession. Now, she’s receiving calls, in abundance, … [Read more...] about Nevada’s Retail Industry: Going Strong, Evolving
Medical Education in Nevada: Progress Made, Long Way to Go
Great strides in expanding medical education in Nevada have been made in the past few years. Yet the effects have been minimal so far and won’t kick in until years in the future. In addition, much more work needs to be done, experts said. “[Medical education] is improved and has a long way to go,” said Shelley Berkley, CEO and senior provost of Touro University’s … [Read more...] about Medical Education in Nevada: Progress Made, Long Way to Go
Guarding Business: Cybersecurity in Nevada
Earlier this year, the malware program VPNFilter infected hundreds of thousands of office and home routers and networked devices around the world. The cities of Atlanta and Baltimore experienced ransomware attacks, the latter causing the 911 dispatch system to be offline for 17 hours. Confidential data were breached at numerous companies—Adidas, Dignity Health, Honda, LabCorp, … [Read more...] about Guarding Business: Cybersecurity in Nevada
On the Upswing: Builders & Developers Experience Growth
Nevada commercial developers and builders reported that their workloads are full, but not without challenges. “We’re busy. Busy’s good,” said Chet Opheikens, vice president, R&O Construction in Las Vegas. “Busy means we get to employ people. Employed people means community growth, which means increased morale and confidence, factors that allow for a strong … [Read more...] about On the Upswing: Builders & Developers Experience Growth
CCIM Breaking Barriers: Exceeding Expectations
Among Southern Nevada’s commercial real estate professionals is an elite group of well-educated, experienced, dedicated and charitable individuals called Certified Commercial Investment Members (CCIMs). “Within CCIM there’s camaraderie and a community that I, in 30 years, have not seen in any other organization,” said Christopher McGarey, CCIM, of Berkshire Hathaway … [Read more...] about CCIM Breaking Barriers: Exceeding Expectations