Each year, Nevada Business Magazine compiles data comparing Nevada to other states and to U.S. averages. A big part of these annual exercises is tracking how the state responds to the ups and downs of economic cycles. However, assessing the damage done by the economic fallout of the COVID pandemic is rather like taking stock after a Category 5 hurricane. Although the sun is … [Read more...] about How Nevada Stacks Up
Cover Story
Women to Watch 2021
Over Nevada’s diverse business landscape stands a group of women who have served as mentors, change agents and influencers for their communities. These women have proven time and again that limits can be pushed and determination is essential to a successful career. The 2021 class of Women to Watch represent this classification of female business executive. They’ve stood through … [Read more...] about Women to Watch 2021
Restarting TechnologyThe Future Flickers Into View
Faced with a bulky office computer, any technician worth their salt begins by telling the frustrated user to try turning the computer off, then back on again. But how will that strategy work when it’s the entire tech economy that’s turned off, then back on again, as the COVID-19 pandemic begins to wane? The screen is flickering to life, and while the picture of the … [Read more...] about Restarting Technology
Legal Elite 2021The Silver State’s Top Attorneys
Now in its fourteenth year, Legal Elite is an annual list showcasing Nevada lawyers. These attorneys represent the best of the best and have been recognized by their associates for their work and dedication to the legal field. Polling began in mid-February of this year and several thousand nominations were submitted by licensed attorneys in the state. Each submission then went … [Read more...] about Legal Elite 2021
Power Poll 2021Everything has Changed
In the last year, there have been significant changes to nearly every aspect of daily life. It seems no one was unaffected by the COVID pandemic that swept the world. Activities that were once taken for granted have now been limited or, in some cases, are simply gone. From new technologies to accommodate work from home to mask mandates and supply shortages, everything has … [Read more...] about Power Poll 2021
Long Road to RecoveryHealthcare Check-Up
Nevada’s doctors and hospitals battled gallantly to beat down one of their biggest threats ever throughout the COVID-19 pandemic. Now, as the pandemic begins to wane, the healthcare industry faces a major new headache: Digging itself out of the financial woes left in the wake of the battle against COVID-19. Administrators of big acute-care hospitals — the ones on the … [Read more...] about Long Road to Recovery
Nevada UtilitiesConservation & Creativity
Despite COVID-19 shutting down business as usual, Nevada utilities companies grew over the past year. New customers signed on. New pilot programs started up. New agreements between agencies were entered into. New sources for commodities and renewable resources were found. Disconnects for nonpayment were suspended in response to the pandemic. “Utilities in Nevada have been … [Read more...] about Nevada Utilities
Healthy FinancesBanking on Nevada
Despite the ongoing changes and challenges brought by the coronavirus pandemic, the Nevada banking industry is in a much healthier place than it was after the Great Recession in 2008. Total assets of the 68 financial institutions in the state were $108.2 billion, according to recent statistics compiled by the Federal Deposit Insurance Corp. (FDIC). Banking executives … [Read more...] about Healthy Finances
Economic Forecast 2021Recovery vs. Recession
February 2020: Nevada’s economy was at a peak. Unemployment stood at 3.6 percent. The state led the nation in new job creation. March 2020: Governor Sisolak ordered all nonessential businesses to close and Nevada entered the worst recession since 2008. In two months, 280,000 Nevadans lost jobs. The COVID-19 recession was a faster, larger drop than the Great Recession, … [Read more...] about Economic Forecast 2021
Making ConnectionsCommunications in Nevada
When the COVID-19 quarantine closed nonessential businesses, Nevada employers, used to traditional businesses with staff working on the jobsite, found themselves, overnight, with remote workers. Along with that, there was a sudden need for technology to support communications between employees, employers, and the technology they rely on. Communications during the … [Read more...] about Making Connections
The Possibilities of Rural NevadaEconomics Before, During and After the Pandemic
According to the U.S. Census, places with populations greater than 2,500 and less than 50,000 are deemed rural. Based on information from the last Census, in 2010 Nevada ranked third in states that had the largest rural populations. Nevada’s rural population made up 5.8 percent of the whole. Rural Nevada often doesn’t get as much media attention as metro counties Clark and … [Read more...] about The Possibilities of Rural Nevada
Economic Development in the Time of COVID-19Diversify, Grow, Survive or Thrive
“Before March 2020, Nevada led the country in producing new jobs,” said Jonas Peterson, president and CEO, Las Vegas Global Economic Alliance (LVGEA). “Our economic development plan was working, and our economy was consistently becoming more diverse.” Across the state, manufacturing, logistics, distribution, technology and healthcare sectors were growing. In February, Nevada’s … [Read more...] about Economic Development in the Time of COVID-19
How Does Nevada Stack Up2020
How does Nevada Compare to Other States in 2020? In previous years, annual reports showed a state more susceptible to U.S. economic ups and downs than others. When times were good, millions of tourists brought their money to Nevada, and the numbers showed a prosperous state that often led the nation in growth, despite chronic concerns about low rankings for … [Read more...] about How Does Nevada Stack Up
2020 Women to Watch
Outstanding in their fields, Women to Watch are leaders, influencers, business owners, executives and mentors. They are women that others look up to and respect for their history of success and perseverance. The 2020 class of Women to Watch personifies those characteristics. They’ve been through the ups and downs of Nevada’s economic landscape and through it alll have shown … [Read more...] about 2020 Women to Watch
New BeginningsReinventing Nevada’s Workforce After Shutdown
On March 20, Governor Sisolak ordered all nonessential businesses to close as Nevada followed shutdown orders, attempting to slow the spread of COVID-19. Overnight, the travel and tourism engine shutdown. For the first time ever, casinos closed their doors. During the first week of shutdown, nearly 3.3 million Americans filed for unemployment benefits. The … [Read more...] about New Beginnings
Legal Elite 2020The Silver State’s Top Attorneys
Now in its thirteenth year, Legal Elite is an annual list showcasing Nevada attorneys who have been recognized by their associates for their work and dedication to the legal field. Polling began in mid-February and nearly 4,500 nominations were submitted by licensed attorneys in the state. Each submission then went through an extensive verification process resulting in the top … [Read more...] about Legal Elite 2020
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
Healthcare in NevadaA Look at Hospitals in the Silver State
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
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 work … [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