As Nevada’s hospital executives began gearing up quickly during March to deal with the challenges of the coronavirus, most of them could take some comfort from the knowledge that their institutions were working from a solid financial base. From Henderson to Reno, the combination of good financial performance and increasing demands presented by population growth … [Read more...] about Healthcare in Nevada
Cover Story
A Look at EducationMoving at the Speed of Knowledge
A vibrant, diverse economy requires a trained, educated workforce. A trained, educated workforce capable of taking on the diverse needs of its community requires a system of education designed to meet the needs of individuals and institutions in that economy. “We have to ensure that students who come out of college have good written and verbal skills and can … [Read more...] about A Look at Education
Betting on NevadaGaming Industry Outlook
Nevada’s gaming industry is the biggest employer in Nevada and the most important sector in the state’s economy. In fiscal year 2018, the hospitality industry accounted for nearly 38.9 percent of the state’s total tax revenues and supported 450,100 jobs. While economic development agencies continue their efforts to diversify the Nevada economy, gaming will continue to be its … [Read more...] about Betting on Nevada
Economic ForecastBuilding on Nevada’s Strong Economy
As Governor Steve Sisolak looks at the state’s strong economic performance at the dawn of a new decade, he sees it well-positioned to make investments that will create jobs and wealth for years to come. Top economists expect Nevada’s strong performance will continue into the New Year and that optimism, Sisolak says, creates an opportunity to address long-term economic … [Read more...] about Economic Forecast
Coming Up…Multiple Generations in the Workplace
Nevada businesses are operating in a unique era. People are living longer, healthier lives, and therefore they’re not leaving the workforce as soon as they once did. As a result, there are currently four generations working together, bringing unique strengths to the workplace, as well as new challenges. In some ways, people working together are simply people working … [Read more...] about Coming Up…
Shifts OccurringNevada’s Tourism Industry
“Strong” and “evolving”— that’s how Lt. Governor Kate Marshall, chair of TravelNevada described the Silver State’s tourism industry today. Its robustness is evidenced by visitor spending, which has increased year-over-year since 2009. In calendar year 2018, the 56 million people who visited Nevada collectively spent $65.5 billion here, up from $63.7 billion the year … [Read more...] about Shifts Occurring
Professional SportsThe Big New Game in Town
Read "The Business of Sports" by Jennifer Ko Craft With its $1.8 billion budget, the spectacular new Allegiant Stadium — home of the NFL’s Raiders beginning in 2020 — is the biggest, highest profile construction project in Las Vegas in recent memory. But for all the economic benefits of the construction, the new stadium is merely the beginning of a powerful wave … [Read more...] about Professional Sports
How We Stack Up2019
Statistics about Nevada in 2019 provide reasons for both optimism and concern. In this 14th annual study comparing Nevada to other states, economic indicators show that the state is thriving: tourism numbers are up, unemployment is down and home values are steadily rising. However, Nevada is still dealing with the same chronic social issues noted in the first edition in 2006. … [Read more...] about How We Stack Up
2019 Women to Watch
Women in Nevada are leaders, influencers, business owners, executives and mentors. Female executives are a vital part of the business community and are impacting the future of the Silver State in a variety of ways. The 2019 Class of Women to Watch are by no means “up and comers." Instead, they have each created a legacy and have made an indelible mark on Nevada. In the … [Read more...] about 2019 Women to Watch
Lights, Camera – Nevada!A Look Inside Nevada’s Growing Film Industry
Cover and Intro Images by Eric Guideng, Rob Anderson (director, pictured) and Blackwood (production company) Nevada’s film industry is growing in a very competitive international environment. “We currently exist in what is the most competitive environment for production we’ve seen,” said Eric Preiss, director, Nevada Film Office, Nevada Governor’s Office of Economic … [Read more...] about Lights, Camera – Nevada!
Legal Elite 2019The Silver State’s Top Attorneys
Now in it’s twelfth year, Legal Elite is an annual list showcasing Nevada’s top attorneys as chosen by their peers. The attorneys appearing in the following lists represent the best of the best. Polling for Legal Elite 2019 began in mid-February and nearly 5,000 nominations were submitted by licensed attorneys in Nevada. Each submission then went through an extensive … [Read more...] about Legal Elite 2019
Amping UpNevada’s Utilities Expand to Meet Demand
Nevada’s population is projected to increase 5.6 percent through 2022, according to the state demographer. That expansion and the continuing robust economy translate into greatly increased, cumulative power and water needs by new businesses and residences. Accommodating the current and forecasted growth is a huge focus of the Silver State entities providing these utilities. … [Read more...] about Amping Up
Continual EvolutionHealthcare in Nevada
Healthcare in the U.S. has been changing for the past decade with the rise and fall of the Affordable Care Act (ACA), and it continues to evolve and change in Nevada. “There’s so much change, so much innovation in healthcare around the country right now, it’s really an amazing time,” said Mark Price, president, Healthcare Partners Nevada, a provider with 310 … [Read more...] about Continual Evolution
Educating for What Will BeMeeting Nevada’s Future Needs
It’s evident that education cannot remain static and neither can it exist as separate from the real world. Rather, experts agree it needs to be made up of a series of interconnected, flexible institutions that reflect the change of Nevada industries and the demands and opportunities of technology. “You can’t educate kids in a vacuum. We always have to be looking at the … [Read more...] about Educating for What Will Be
BankingLet the Good Times Roll
Mirroring the vibrancy of Nevada’s economy, the state’s banking industry is robust, expanding and expected to remain strong throughout 2019, experts said. “It’s a great time to be a bank in Nevada,” said Stan Wilmoth, president and CEO of Heritage Bank of Nevada. Loans and deposits at the Northern Nevada community bank increased about 8 to 10 percent last year, and Wilmoth … [Read more...] about Banking
Living LargeNevada’s Luxury Home Market
In late 2018, a condo in the Waldorf Astoria Las Vegas sold for a record-setting $1,633 per square foot. Despite this being an impressive luxury home record sale, it could be eclipsed if a home listed at Crystal Pointe, Lake Tahoe, sells – that listing is for $75 million. Nevada’s luxury home market is growing. New residents flocking to our state bring with them equity from … [Read more...] about Living Large
The New Generation Gap: Five Diverse Groups
Millennials, Generations Z and X, baby boomers and the traditionalists or silent generation is a diverse list of titles to represent an even more diverse group of people. Today there are five generations in the workforce, each with their own characteristics and commonalities, strengths and weaknesses. The generations differ in work styles, communication styles, what … [Read more...] about The New Generation Gap: Five Diverse Groups
Best Companies to Work for in 2018: Defining the Times
Today’s workplace is changing at a rapid rate due to the wants and needs of the modern employee. From flexible hours to accessible and open leadership, workers in 2018 are demanding more than just money and benefits; they want to be a part of something special. The companies featured in the following pages have managed to create that special environment and offer … [Read more...] about Best Companies to Work for in 2018: Defining the Times
The Drive: Automobiles in Nevada
Automobile sales in Nevada are following the national trend of keeping steady after years of growth. Following seven years of steady, and at times rapid, increases in sales, volume is beginning to flatline and the future is uncertain, according to multiple car dealership executives in Nevada. In the previous eight years, new car sales had grown by an average of 5 percent … [Read more...] about The Drive: Automobiles in Nevada
How We Stack Up 2018
Each year, Nevada Business Magazine collects data comparing Nevada to other states and to past years, tracking economic cycles and delivering a snapshot of what it’s like to live in the Silver State. In the first edition 12 years ago, Nevada was riding high economically, with 4 percent unemployment and the challenge of finding enough workers to fill available positions. Then … [Read more...] about How We Stack Up 2018