Minimum-Wage Hikes: The Path to Poverty for Poor People

Presumably, State Senator Tick Segerblom thinks his proposal to increase the minimum wage to $15-per-hour in Nevada would be beneficial. After all, it sounds appealing to double the pay of fast-food workers and other entry-level workers with one wave of the government’s mandate wand. As businessmen and women know firsthand, however, there’s a big difference… [More...]

Business Indicators: October 2014

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

The “second” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.2 percent, slightly higher than the 4.0 percent growth first reported. The revision was due to the increase in non-resident fixed investment being larger than initially estimated. Personal consumption expenditures, changes in private inventories, residential investment… [More...]

Henderson Chamber Opposes ‘Margin Tax,’ Question 3

No guarantee money slated for education would land in educators’ hands HENDERSON, Nev.  – The Henderson Chamber of Commerce recently surveyed its membership regarding the proposed Margin Tax, or Question No. 3, on the November ballot and received an “overwhelming response” in opposition, said Scott Muelrath, president and CEO of the Henderson Chamber of Commerce.… [More...]

Henderson to Celebrate Economic Development, Small Businesses

15th annual awards event to recognize local success in multiple categories Nov. 13 HENDERSON, Nev. – The Henderson Chamber of Commerce and the city of Henderson’s Economic Development/Redevelopment division will host Henderson’s 15th Annual Economic Development and Small Business Awards from 6 to 9 p.m. Thursday, Nov. 13, at the Hilton Lake Las Vegas, 1610… [More...]

Industry Focus: Bankers

Nevada banking executives recently met at the Las Vegas offices of City National Bank to discuss the challenges in their industry.

Enduring a slow economic recovery, the banking industry stays focused on getting businesses back on their feet in the midst of increasing regulations and legislative uncertainty. Nevada banking executives recently met at the Las Vegas offices of City National Bank to discuss the challenges in their industry. Connie Brennan, publisher of Nevada Business Magazine, served… [More...]

Business Indicators: September 2014

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

The “advance” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.0 percent, rebounding from the negative 2.1 percent growth experienced during first quarter 2014. Personal consumption expenditures, changes in private inventories, residential investment, non-residential fixed investment, and state and local government spending made positive contributions. Net… [More...]

Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer

Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday,  August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities… [More...]

Dealership Invests in Multimillion-Dollar Renovation Project

Park Place Infiniti’s renovation project is expected to further boost sales for the dealership.

LAS VEGAS – Economic studies in recent months have pointed to Nevada’s steady recovery from the Great Recession. Most major economic indicators have started pointing in a positive direction. Local car sales have been especially strong recently, rewarding the multimillion-dollar investment and long-term confidence the owners of the Park Place Infiniti dealership on West Sahara Avenue… [More...]

U.S. Sen. Harry Reid to Speak at Aug. 21 Henderson Chamber Event

U.S. Sen. Harry Reid will serve as the guest speaker at the Henderson Chamber of Commerce’s upcoming Legislative Update breakfast.

Legislative update to cover what’s being done federally to grow Nevada economy HENDERSON, Nev. – U.S. Sen. Harry Reid will serve as the guest speaker at the Henderson Chamber of Commerce’s upcoming Legislative Update breakfast. Titled “Conversation with Senator Reid on Growing Nevada’s Economy,” the breakfast will take place from 7 to 9 a.m. Thursday, Aug. 21,… [More...]

Nevada State Bank Working with Wolf Pack Players to Boost Their Financial Literacy

Nevada State Bank volunteers taught financial literacy classes in collaboration with many different community partners to help people make better choices.

RENO – In the past 18 months, Nevada State Bank volunteers spent 1,571 hours teaching financial literacy classes in collaboration with many different community partners. The goal of these cooperative relationships is to help people make better choices concerning their money and learn to live within their means. One of the bank’s latest collaborations is with the… [More...]

Elko Catches Up to Growth

While the rest of Nevada suffered the dramatic economic downturn and aftermath, the Greater Elko region boomed, primarily due to bustling mining operations.

While the rest of Nevada suffered the dramatic 2007 economic downturn and aftermath, the Greater Elko region boomed, primarily due to bustling mining operations resulting from a high gold price. In fact, over the last decade, the population there has burgeoned. The City of Elko alone went from about 10,000 to 20,000, with the broader… [More...]

Business Indicators: August 2014

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

The “third” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 2.9 percent, lower than the negative 1.0 percent growth reported in the “second” estimate. The revision was due to the increase in personal consumption expenditures being smaller and the decline in exports being larger than previously… [More...]

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...]