Comparing Nevada to other states includes assessing social factors like education and healthcare, as well as economic measurements such as employment and cost of living. Overall, Nevada’s economy is recovering after the economic downturn precipitated by the COVID pandemic and the accompanying travel restrictions and business closures. Nevada’s employment figures still lag … [Read more...] about How Nevada Stacks Up
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Women to Watch 2022
The path to leadership can follow many different roads and women in business know that better than most. Successfully navigating their schedules, families and responsibilities, women are the originally trailblazers of work/life balance. This year’s class of Women to Watch have showcased this ability throughout their careers. They are decision makers in the Silver State; they’re … [Read more...] about Women to Watch 2022
TouchdownSports in Nevada
As the Vegas Golden Knights started their first season in 2017, few expected the magic that would ensue and catapult them to the Stanley Cup Final in the inaugural season. The doubts were so massive that before the season began, multiple articles ran expressing the feelings a hockey team in the desert could not succeed. Those feelings stem partly because the NHL’s expansion … [Read more...] about Touchdown
Top Rank Attorneys2022
For the past 15 years, Nevada Business Magazine has been publishing a list showcasing the state’s top attorneys as voted by their peers. Formerly known as Legal Elite this annual list came to represent the best of the best in the legal industry. This year, the editorial team at the magazine is rebranding Legal Elite to better reflect the prestigious position these attorneys … [Read more...] about Top Rank Attorneys
Power Poll 2022Change: The Only Constant
In March 2003, Nevada Business Magazine (then Nevada Business Journal) sent, via snail mail, survey forms to several hundred business leaders in the state and asked them to participate in what would become an annual tradition: the “Power Poll”. Twenty years later, much has changed. But, as philosopher Heraclitus once said, “Change is the only constant.” Now the survey is sent … [Read more...] about Power Poll 2022
Healthcare Check-UpThe Technology and People that Keep Nevada Healthy
In 2021, estimated revenue from the U.S. healthcare industry was $2,709.9 billion. The industry focused on medical technology, research and innovation. Hospitals spend more than $852 billion on goods and services annually and generate more than $2.8 trillion in economic activity. Those numbers provide the big picture. At a granular level, the goal of healthcare is to keep … [Read more...] about Healthcare Check-Up
The Economics of EducationFrom K-12 Through Post-Secondary, Nevada’s Schools Level Up
“A lot of [the new economy] is going to be STEM-related, science, technology, engineering, math, this deep interdisciplinary approach that will allow us to be better positioned for jobs in the future,” said Dr. DeRionne Pollard, president, Nevada State College (NSC). Technology is changing every experience and every economy around the world. Data analytics inform every … [Read more...] about The Economics of Education
Nevada RootsThe Making of Nevada
“Even though we’re a young state, we’ve got a very rich history,” said Eugene Hattori, curator of anthropology with the Nevada State Museum in Carson City. “We have evidence of archeological trade that goes back 8,000 years.” Nevada’s roots in business and industry began with the Native American tribes that resided in the region initially. The Northern and Southern Paiutes, … [Read more...] about Nevada Roots
Economic Forecast 2022Nevada’s Economy Recovering – But Coronavirus Still Haunts State
Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined. The recovery was also assisted by employment recovering to pre-coronavirus levels in … [Read more...] about Economic Forecast 2022
Closed:The Great Resignation and Workforce Development
In August, 4.3 million U.S. workers quit their jobs, according to Department of Labor (DOL). Food services lost 892,000 workers, 721,000 employees quit the retail industry and even more workers left education and healthcare. The start of the pandemic saw record high unemployment and by July 2021 the United States hit another record high – 11.1 million jobs … [Read more...] about Closed:
Meet You in NevadaReopening to Visitors Far and Wide
For the first time since the pandemic quarantine, Nevada’s visitor volume was more than 4 million in June, said Brenda Scolari, director, Nevada Tourism & Cultural Affairs, TravelNevada. “Even though that’s 16 percent below comparable in the same month in 2019, we have had visitation growth steadily improving month to month.” Visitor numbers reflect tourism trends … [Read more...] about Meet You in Nevada
Shovel ReadyBuoyed by Strong Prices, Mining Companies Battle Labor Shortage
All the jobless people in Eureka County last summer — all 30 of them, to be precise — scarcely would have filled more than a couple of rows of seats in the historic Eureka Opera House near the heart of Nevada’s great mining district. Tiny pools of available workers are commonplace across rural Nevada these days, and the tight labor markets create headaches for the mining … [Read more...] about Shovel Ready
How Nevada Stacks Up2021
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
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