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...]
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...]
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...]
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...]
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...]
Around the State: October 2016
Nathan Adelson Hospice Acquires Solari Hospice Care The largest non-profit hospice in Nevada, Nathan Adelson Hospice, has finalized the acquisition of Las Vegas Solari Hospice Care, an end-of-life healthcare organization previously owned by HealthCare Partners Nevada, LLC. The acquisition is the result of a long-standing relationship between HealthCare Partners and Nathan … [Read more...]
Around the State: May 2016
Housing Prices Rise Across Nevada According to the Greater Las Vegas Association of Realtors’ (GLVAR) most recent report, the median price of single-family homes is up 7.3 percent from the same reporting period a year ago to $220,000 in Southern Nevada. Chase International Real Estate also recently released a report indicating that the median price of a home in the Reno/Sparks … [Read more...]
Nevada Corporate Giving Council Releases 2015 Nevada Corporate Philanthropy Report: Report Confirms Nevada Companies Rank Favorably in National Average
American philosopher and naturalist Henry David Thoreau wrote that “Philanthropy is almost the only virtue which is sufficiently appreciated by mankind.” The Nevada Corporate Giving Council released its third annual Nevada Corporate Philanthropy Report which confirms that Nevada corporations rise above the national average in providing support to local and statewide charitable … [Read more...]
Small Business Owners Believe State’s Economy Headed in the Right Direction, Nevada State Bank Survey Finds
LAS VEGAS – Nevada State Bank’s annual Small Business Survey reveals a continued confidence in an improving Nevada economy, but a less rosy view of the national economy, with more than half of all Nevadans surveyed saying that the U.S. economy is headed in the wrong direction. The bank’s recent survey of more than 400 small business owners, operators and managers throughout … [Read more...]
Economic Forecast 2016: Increasing Stability and Growth
According to analysts, Nevada’s economy will continue to show improvement in 2016, but with a few new wrinkles thrown in. Rising wages will mean more disposable income, which in turn boosts consumer spending. Job creation, described as the single best indicator of economic growth, is expected to add more than 52,000 workers to company payrolls this year, according to the Nevada … [Read more...]
Giving Back
Corporate giving is not static and unchanging, but rather an evolving process dependent on economic realities for companies that choose to give back to the communities in which they’re doing business. “It’s a concept of partnership,” said Michael Brown, executive director and vice president of corporate affairs, Barrick North America. “We’re in the mining business, but we’re … [Read more...]
Corporate Philanthropy Leaders Share Charitable Giving Strategies with Local Nonprofit Executives
Statewide report shows Nevada among nation’s leaders in corporate charitable support Nonprofits urged to participate in survey for next statewide report. Members of the Nevada Corporate Giving Council (NCGC), representing the gaming, banking and mining industries, recently met with southern Nevada nonprofit executives to share insights about corporate philanthropy in Nevada. … [Read more...]
Nevada’s Office Space: Positive Headway
The office space component of Nevada’s commercial real estate market faces a long recovery following the recession. Vacancy and unemployment rates were high, inventory was excessive and landlords struggled to effect leases. In addition, after the recession new construction activity and investor property acquisitions had ceased. Typically, the sector tends to be the last to … [Read more...]
Mining: It’s About More than Gold
The value chain for Nevada’s roughly 20 metals and minerals begins with companies mining the resources. This benefits the miners and their employees monetarily and the communities around those mines where dollars are spent, donations are made and other commitments are carried out. Mining firms require goods and services at each stage of their process—exploration, … [Read more...]
Around the State: June 2015
U.S. Trade and Development Agency Partners with Nevada Industry Excellence Nevada Industry Excellence (NIE), a resource for manufacturing businesses, has partnered with the U.S. Trade and Development Agency (USTDA) through the Making Global Local program. The program connects companies to USTDA’s export promotion programs. ArrowData Receives FAA Approval to Operate Drones for … [Read more...]
Nevada State Bank Hosts Webinar Series “2015 Small Business Outlook”
LAS VEGAS – Nevada State Bank’s recently published annual survey of small businesses in Nevada has sparked a lot of conversation among small business owners and those who do business with them. This highly targeted, local research about business trends, entrepreneurs’ opinions and their economic outlook is the subject of a free webinar series called “2015 Small Business … [Read more...]
Applied Analysis Reaches Agreement with UNLV to Use MyResearcher.com for New Data Management and Analysis Lab
LAS VEGAS – Research and analysis firm Applied Analysis has reached a unique public-private agreement with UNLV that gives the university’s professors, researchers and students access to MyResearcher.com, a powerful real-time data analysis tool. MyResearcher.com will immediately help students and staff at UNLV’s Community Advanced Data and Research Analysis (CADRA) … [Read more...]
Nevada Small Business Owners Show Increased Confidence in Nevada’s Economy, Says Nevada State Bank Survey
LAS VEGAS – Nevada State Bank’s annual survey of small businesses in Nevada reveals increased confidence in Nevada’s economy and more positive expectations for the future, with optimism increasing from last year’s survey. The bank’s recent survey of more than 400 small business owners, operators and managers throughout the state found that two-thirds of respondents said they … [Read more...]
Industrial Summary: Fourth Quarter
Southern Nevada The Las Vegas industrial market vacancy rate fell to 8.0 percent in the fourth quarter of 2014. The vacancy rate is down 3.6 percentage points from a year ago. Industrial vacancies have been in the single digits for three consecutive quarters with annual declines reported for 12 consecutive quarters. In addition, the vacancy rate has declined 9.0 percentage … [Read more...]
Report from The Private Bank by Nevada State Bank Focuses on Election Issues
LAS VEGAS – The Private Bank by Nevada State Bank released the nineteenth edition of its High Net Worth Report series, with analysis focusing on the national and state level issues High Net Worth residents valued as they went to the voting booth. Utilizing research from the 2014 High Net Worth Survey, the full results of which were released in August of 2014, highlights from … [Read more...]
