Business Indicators: April 2015

Nevada Business Indicators: April 2015. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.2 percent, lower than the 2.6 percent growth first reported. Compared to the “advanced” estimate, changes in private inventories increased less and nonresidential fixed investment increased more. Personal consumption expenditures, residential investment, … [Read more...]

A Developing State: Growing Economy Encourages New Projects

Business is growing across the state. Those who survived the recession are going back to work developing.

As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]

Business Indicators: February 2015

Nevada Business Indicators: February 2015. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 5 percent, higher than the 3.9 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated. Residential investment, net exports, federal government spending, … [Read more...]

Business Indicators: January 2015

Business Indicators: January 2015

The “second” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 3.9 percent, higher than the 3.5 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated, while private inventory investment decreased less. Residential … [Read more...]

Business Indicators: November 2014

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

The “third” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.6 percent, slightly higher than the 4.2 percent growth reported in the “second” estimate. The revision was due to the increases in nonresident fixed investment and exports being larger than previously estimated. U.S. nonfarm employment experienced robust … [Read more...]

Park Place Infiniti Sponsors Smiles for Survivors; Governor Approves Solar Tax Incentives

Park Place Infiniti Sponsors Smiles for Survivors Park Place Infiniti is sponsoring the fourth annual Blow Out Breast Cancer event, presented by the Smiles for Survivors foundation and Square Colour Salon and Spa. [Read More...] Governor’s Office of Energy Approves Solar Tax Incentives Highlighting its commitment to renewable energy in Nevada, the Governor’s Office of Energy … [Read more...]

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 between good … [Read 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, … [Read 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. The … [Read 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 Lake Las Vegas … [Read 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 as … [Read 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 … [Read 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 over cups of coffee and … [Read 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 … [Read 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, in the Cancun … [Read 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 women’s … [Read 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 Elko area home to about 30,000. “It’s … [Read 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 estimated. Federal … [Read 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. Housing … [Read 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 … [Read more...]