Business Indicators: July 2014

Nevada Business Indicators: July 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 1.0 percent, lower than the positive 0.1 percent growth first reported. U.S. nonfarm employment experienced gains in May, adding 217,000 jobs over April. The unemployment rate remained constant at 6.3 percent, as labor force participation increased.… [More...]

Improvements Coming to East Downtown in Reno

Reno’s East Fourth Street will be transformed during the second annual Positively 4th Street Better Block Project event. Considered “the gateway” to downtown Reno, Fourth Street is home to several historical properties but is in need of upgrades and repair. Local businesses are looking to spruce up the area through landscaping, adding a two-way bicycle lane, re-striping traffic… [More...]

Investing in this Economy

Nevada business owners and executives can feel good they are in a state that is growing again and in an economy that is expanding. As the economy continues to grind its way upward, a potential tailwind for stocks might be a great rotation out of bonds and into equities. The makings of this new trend… [More...]

Las Vegas Global Economic Alliance Announces Additions to its Board of Directors

The LVGEA welcomes five community leaders to its board of directors.

Las Vegas — The Las Vegas Global Economic Alliance welcomes five community leaders to its board of directors. On May 1, 2014, the LVGEA board of directors took unanimous action to elect five community leaders to join the board. These new members will help continue to build public and private sector relationships to bolster a new… [More...]

A Future of Change: Economic Development

At the top of the economic development wish list is unmanned aerial vehicles, also known as drones, presenting one of the biggest opportunities for Nevada.

Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and… [More...]

Connecting the Dots: Nevada’s Place in the Global Economy

In Nevada where the need to diversify the economy continues even as recovery takes hold, increasing the businesses that export could bolster the economy.

Ninety-six percent of the world’s population lives outside the U.S. Yet only 1 percent of American businesses export their products and services. In countries like Germany and Japan, some 40 to 60 percent of GDP is in export. Still, our 1 percent translates to trillions of dollars coming into the U.S. economy, according to Randy… [More...]

Business Indicators: June 2014

Nevada Business Indicators: June 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for first quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 0.1 percent, much lower than the 2.6 percent growth experienced in fourth quarter 2013. Personal consumption expenditures and federal government spending made positive contributions. U.S. nonfarm employment experienced robust gains in April, adding 288,000 jobs over… [More...]

Michael Erin Named Chief of Staff and Global initiatives Manager for Las Vegas Global Economic Alliance

The Las Vegas Global Economic Alliance announced that Michael Erin has joined the organization as Chief of Staff and Global Initiatives Manager.

Las Vegas – The Las Vegas Global Economic Alliance announced that Michael Erin has joined the organization as Chief of Staff and Global Initiatives Manager. Metropolitan regions like Las Vegas are increasingly competing in the global marketplace, and Erin will lead the LVGEA’s efforts to both attract foreign direct investment and assist local businesses in taking their… [More...]

Business Indicators: May 2014

Nevada business indicators: May 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 2.6 percent, higher than the 2.4 percent growth first reported in the “second” estimate. The revision consisted of a larger increase in personal consumption expenditures from third to fourth quarter 2013. Nonresidential fixed investment, net exports… [More...]

First Hospice and Palliative Medicine Fellowship Program Coming to Nevada

Nevada’s first osteopathic fellowship program has the green light. The American Osteopathic Association approved Nathan Adelson Hospice for a Hospice and Palliative Medicine Program. The program is a collaboration between the hospice and Touro University Nevada. This is a first-of-its-kind fellowship in Nevada and one of only 11 in the nation, according to a recent statement… [More...]

Perry Ursem Joins Las Vegas Global Economic Alliance

The Las Vegas Global Economic Alliance announced that Perry Ursem has been appointed to the position of Vice President of Business Retention and Expansion.

Las Vegas – The Las Vegas Global Economic Alliance announced that Perry Ursem has been appointed to the position of Vice President of Business Retention and Expansion. As economic development efforts in Nevada continue to evolve at the state and regional levels and through cooperative efforts between agencies, Ursem will transition from the Nevada Governor’s… [More...]

Business Indicators: April 2014

Nevada business indicators: April 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 2.4 percent, lower than the 3.2 percent growth first reported in the “advance” estimate. The revision consisted of a smaller increase in personal consumption expenditures from third to fourth quarter 2013. Non-residential fixed investment, net exports… [More...]

Business Indicators: March 2014

Read Nevada business indicators: March 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.2 percent, below the 4.1 percent growth experienced during third quarter 2013. Personal consumption expenditures, non-residential fixed investment, net exports and state and local government spending made positive contributions. Federal government spending and residential investment made… [More...]

Andrew Doughman Named Communications Director for Las Vegas Global Economic Alliance

The Las Vegas Global Economic Alliance announced that Andrew Doughman has been appointed to the position of Communications Director for the organization.

Las Vegas – The Las Vegas Global Economic Alliance announced that Andrew Doughman has been appointed to the position of Communications Director for the organization. Doughman, an experienced journalist, has written for the Las Vegas Sun, the Nevada News Bureau, the Seattle Times, the Orlando Sentinel, and the Spartanburg Herald-Journal.  A University of Washington graduate, Doughman has… [More...]

The Private Bank by Nevada State Bank releases latest High Net Worth Report focusing on municipal bonds

The Private Bank by Nevada State Bank released the 14th edition of its High Net Worth Report series, focusing on the municipal bond market.

LAS VEGAS – The tax-exempt status of many municipal bonds has made them an attractive investment alternative over the years, but recent trends have some investors rethinking their portfolio mix as rates are rising, bond prices are retreating and risk-reward profiles look different in 2014 than in 2013. The Private Bank by Nevada State Bank released… [More...]

Nevada State Bank Reports Net Earnings for 2013 of $18.8 Million

Nevada State Bank reported loan growth of $83.1 million and $198.8 million for the three and 12 months ended Dec. 31, 2013.

LAS VEGAS – Nevada State Bank (“the Bank”), a subsidiary of Zions Bancorporation, reported loan growth of $83.1 million and $198.8 million for the three and 12 months ended Dec. 31, 2013, respectively. Net income for the three and 12 months ended Dec. 31, 2013 was $2.1 million and $18.8 million, respectively. The fourth quarter income… [More...]

The Left’s New Agenda: Minimum Wage Hikes and Unemployment Benefits Aren’t the Key to Prosperity

Capitalism did not create poverty—it inherited it,” observed individualist philosopher Ayn Rand. Over the past centuries, capitalism has eradicated the previous conditions of widespread famine and starvation and has elevated the living standards of the poor to a level previously unheard of, even for kings. Today, even low-income Americans commonly enjoy cell phones, automobiles, a… [More...]

Business Indicators: February 2014

Read Nevada business indicators: February 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 4.1 percent, an improvement over the 3.6 percent growth reported in the “second” estimate. Higher levels of personal consumption expenditures and nonresidential fixed investment were responsible for the upward revision. Residential investment, net exports, and state… [More...]

TMC Financing remains top SBA 504 Lender in Clark County for third year in a row

TMC Financing announced a record breaking year in the Las Vegas market, providing over $22 million in SBA 504 financing.

TMC Financing announced a record breaking year in the Las Vegas market, providing over $22 million in SBA 504 financing.  In 2013, TMC approved financing for 38 business owners throughout Nevada. The financing provided businesses the capital to purchase commercial real estate and large equipment to expand operations.  This financing helped businesses create and retain 1,554 jobs… [More...]

Betting on Gaming in Nevada

Nevada and gaming go together like peanut butter and jelly, it has been Nevada’s foundation for so long it’s hard to think of one without the other.

Nevada and gaming go together like peanut butter and jelly. The industry has been Nevada’s foundation for so long it’s hard to think of one without the other. However, as gaming changes, Nevada has found itself adapting and learning to find new ways to earn revenue in a market that, it would appear, everyone wants… [More...]

January 2014: Business Indicators

Read Nevada business indicators: January 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.6 percent, an improvement over the 2.8 percent growth initially reported. Most of the revision was due to an acceleration of private inventory investment. Personal consumption expenditures, business fixed investment, residential investment, net exports and state… [More...]

December 2013: Business Indicators

Read Nevada business indicators: December 2013. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

Advanced estimates for third quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 2.8 percent, a slight improvement over the 2.5 percent growth experienced in second quarter 2013. Federal government spending made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment, net exports, and state and… [More...]