National Geothermal Institute Established at UNR
The United States Department of Energy (DOE) has awarded the University of Nevada, Reno a $1.2 million grant to develop and operate the National Geothermal Institute, a consortium of top geothermal schools. The institute is designed to transform and grow the national energy infrastructure to utilize America’s geothermal resource base.
Potential Upswing in Commercial Real Estate in Las Vegas by 2011
According to a report released by the Commercial Alliance Las Vegas (CALV) and Restrepo Consulting Group, Southern Nevada’s office and industrial markets may see a turn-around in 2011. Both industrial and office had seen increasing vacancy rates recently but, according to the report, both sectors of the market have seen more activity lately due to tenants expanding and more companies looking at Southern Nevada to relocate.
Banking Industry Earns $18 Billion in the First Quarter of 2010
According to the FDIC’s Quarterly Banking Profile, the industry’s net income of $18 billion is a two year high and is up $12.5 billion from the first quarter of 2009. This is still well below historical numbers and the number of institutions insured by the FDIC has fallen below 8,000. The list of problem banks increased from 702 to 775 during the first quarter.