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...]

Nevada’s 2014 Economic Forecast: The Way the Wind Blows…

This year’s predictions offer more good news than has been reported in Nevada Business Magazine’s annual Economic Forecast in the last few years.

When it comes to fortune telling, nothing is ever certain, but a handful of industry experts share their thoughts on Nevada’s economy in 2014. This year’s predictions offer more good news than has been reported in Nevada Business Magazine’s annual Economic Forecast in the last few years. While most business executives are proceeding with caution,… [More...]

The Private Bank by Nevada State Bank Releases Research on Increased Interest in Land Holdings by Affluent Nevadans

Not surprisingly, speculative real estate investments – especially in vacant land – have declined in favor among high net worth households in recent years. However, with the land market in Nevada reaching towards a more sustainable supply-demand balance, renewed interest may be on the horizon. The Private Bank by Nevada State Bank released the 12th edition… [More...]

JAG Program Implemented In Nevada to Address High School Drop-Out Crisis

As Nevada continues to diversify our economy and get our fellow citizens back to work, we believe that the discussion about the outlook of Nevada’s future must begin with the state of our education system. The number of high school drop-outs in our state remains at staggering proportions and the unemployment rate for youth stands… [More...]

Nevada Executives Speak Out: Power Poll 2013

Nevada Power Poll 2013 - executives are beginning to see a light at the end of the tunnel.

As the Silver State struggles to pull itself out of the worst recession many Nevadans have seen in their lifetime, executives are beginning to see a light at the end of the tunnel. This year marks the eleventh annual Power Poll wherein Nevada Business Magazine asked executives throughout the state to speak up on issues… [More...]

Property Tax Rebellion: Fighting for Justice

Lyle Brennan

The tax revolt at Lake Tahoe has reached the 10-year mark, with no end in sight. The Village League to Save Incline Assets was formed in December 2002 by a small group of Incline Village and Crystal Bay property owners to protest outrageously high property tax increases. This small group of determined taxpayers has been… [More...]

Economic Development: Critical to Nevada

Economic Development: Critical to Nevada

When it comes to Nevada’s future, economic development is critical. Over the last 12 months, The Silver State has made strides on this front. Among other accomplishments, the Governor’s Office of Economic Development (GOED) hired a leader in November 2011. This spring Gov. Brian Sandoval released “Moving Nevada Forward: A Plan for Excellence in Economic… [More...]

TMC Financing, Las Vegas’ Leading SBA 504 Commercial Lender, Celebrates Five Years in the Region

Oct-15

Successful Public-Private Partnership Responsible for Creating and Retaining 2,239 Jobs in Nevada LAS VEGAS (October 15, 2012)–TMC Financing (www.tmcfinancing.com), a leading Certified Development Company (CDC) providing U.S. Small Business Administration (SBA) 504 commercial real estate financing in California and Nevada, today celebrates five years of helping Las Vegas businesses that want to purchase and enhance… [More...]

Gaming: Betting on a Comeback

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Nevada’s gaming industry today continues to recover, with some regions faring better than others. “Both Southern and Northern Nevada markets are struggling right now,” said John Farahi, CEO of Monarch Casino & Resort Inc., which owns Atlantis Casino Resort Spa, in Reno. State gaming revenue has been picking up slowly since it took about a… [More...]

Tourism: Welcome Back

tourism

Nevada’s travel and tourism industry employs one-third of the state’s population. From hospitality to gaming and from the “What happens in Vegas Stays in Vegas” campaign to Northern Nevada being America’s Adventure Place, the Silver State has been promoted as a world class destination. At the same time, “diversify” has become the State’s battle cry… [More...]