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
Applied Analysis
Then & NowHenderson
It’s the second largest city in the state, one of the safest cities in the nation and has some of the best schools in southern Nevada. Fifteen minutes from the McCarran International Airport, and 30 minutes from the California border, Henderson is a great place for people and businesses to call home. Ten years ago, the City of Henderson was just coming out of the Great … [Read more...] about Then & Now
Around the StateApril 2021
Sand Reaches Agreement to Sell Las Vegas Property Las Vegas Sands Corp. has entered into definitive agreements to sell its Las Vegas real property and operations for approximately $6.25 billion. The Venetian Resort Las Vegas and the Sands Expo and Convention Center are both part of the agreement. Under the terms of the agreement, an affiliate of funds managed by Apollo Global … [Read more...] about Around the State
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
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
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
Nevada State Bank Releases June Economic Briefing
WHO: Nevada State Bank in conjunction with local research firm, Applied Analysis. WHAT: The June Economic Briefing report delves into the future of Nevada’s economy, pointing out that while the COVID-19 virus remains active and likely will for the foreseeable future, the first month of broader … [Read more...] about Nevada State Bank Releases June Economic Briefing
Knowing WorthBusiness Valuation in Nevada
Even as the economy was cooling off coming out of the winter and stung by the effects of the spread of coronavirus, businesses are selling at record paces in Nevada. In northern Nevada, The Liberty Group is coming off its best year ever, owner and broker Brad Bottoset said. The great year in 2019 was coming off two prior years that had also set records and Bottoset felt more … [Read more...] about Knowing Worth
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
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
2019 Economic Forecast for NevadaUpward Trends
According to experts, the outlook for Nevada’s economy this year is positive and projected to fare at least as well as it did, or perhaps even better, in 2018. However, one or more known or unknown wild cards could have a dampening effect. Some of the indicators that support the forecast in Southern Nevada include strong employment and population growth, robust consumer … [Read more...] about 2019 Economic Forecast for Nevada
Applied Analysis Increases its Commitment to Northern Nevada with Reno-Based Office
Reno and Las Vegas – Data-driven advisory services firm Applied Analysis has announced the opening of a new office location in Reno, Nevada. The firm’s expansion is concurrent with the hiring of Cory Hunt to oversee its new Northern Nevada office. Hunt previously served as deputy director of the Nevada Governor’s Office of Economic Development (GOED) and senior policy analyst … [Read more...] about Applied Analysis Increases its Commitment to Northern Nevada with Reno-Based Office
Nevada State Bank’s Annual Survey of Small Business Leaders Shows Confidence in Economy at Record High
LAS VEGAS - An annual survey of small business owners and managers throughout Nevada reveals record levels of confidence in the economy, with more than 87 percent of those surveyed believing Nevada's economy is headed in the right direction. The statewide scientific survey by local firm Applied Analysis was conducted during January on behalf of Nevada State Bank. To ensure … [Read more...] about Nevada State Bank’s Annual Survey of Small Business Leaders Shows Confidence in Economy at Record High
Build-To-Suit, Spec, Flex: Nevada’s Industrial Real Estate Industry Has It All
Industrial real estate isn’t static. Buildings are constructed, leased up and absorbed, vacancy rates fall and climb again, buildings constructed for one purpose end up serving another. Everything varies with the cycle of the economy. Industrial real estate itself is a microcosm view of the industries using it. The Nevada Market In Nevada, indicators point to continued … [Read more...] about Build-To-Suit, Spec, Flex: Nevada’s Industrial Real Estate Industry Has It All
Transformers: Retailers Change Tactics
To attract a new generation of shoppers and keep up with competition from online retailers, Nevada shopping malls are transforming into “mixed-use lifestyle centers” and encouraging their tenants to profit from online shopping instead of fighting it. Their tactics seem to be working, as mall owners report record numbers of shoppers and few vacancies. Malls’ success … [Read more...] about Transformers: Retailers Change Tactics
Well Played: Tourism in Nevada Roaring Back
Tourism has played a vital role in the Nevada economy since Hoover Dam was new and Reno invented the quickie divorce. The travel and tourism industry generates $3.2 billion in state and local tax revenues - 26 percent of the total tax revenues in the state - and represents $19.1 billion (about 13 percent) of Nevada’s gross domestic product (GDP). Nevada jobs attributed to the … [Read more...] about Well Played: Tourism in Nevada Roaring Back
Office in Nevada: A Perspective Shift
Nearly a decade after the recession left yawning vacancies in office properties across Nevada, buildings are finally beginning to fill. Whether the rising occupancy justifies speculative new development — particularly in the Las Vegas area — remains an open question. Applied Analysis estimates the office vacancy rate in Southern Nevada stood at 19.8 percent in the first … [Read more...] about Office in Nevada: A Perspective Shift
Around the State: April 2017
UNLV Lee Business School MBA Program Rises in Ranking The University of Nevada, Las Vegas (UNLV) Lee Business School’s MBA program has broken the top 100 in U.S. News & World Report’s annual ranking of part-time MBA programs. UNLV’s course rose from 102 to tie for 95th place and is part of the ranking of “America’s Best Graduate Schools”. The rankings compare over 300 … [Read more...] about Around the State: April 2017
The Ups and Downs: Nevada’s Economic Forecast
Experts are bullish on Nevada’s overall economy this year, anticipating continued recovery from the recession and growth, they said. Four key markers support their outlook: Wages: The average private weekly wage for Nevada workers peaked in October at $758.86, representing a 2.3 percent year-over-year increase, according to Applied Analysis, a Las Vegas-based economic fiscal … [Read more...] about The Ups and Downs: Nevada’s Economic Forecast
Applied Analysis Announces Staff Promotions and Additions Heading into 2017
Three Senior Analyst Promotions and New Recruiting Class Las Vegas - Applied Analysis, a leading advisory services firm, announced the company has promoted three of its Analysts to Senior Analyst positions. Senior Analysts generally have at least two years of work experience within the firm and demonstrate their ability to take on senior roles on a wide range of client … [Read more...] about Applied Analysis Announces Staff Promotions and Additions Heading into 2017