The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted by 32.9 percent at an annual rate. The substantial contraction in real GDP reflected “stay-at-home” orders to contain COVID-19. Specifically, decreases in consumer spending, nonresidential and residential fixed investment, state and local government spending and private … [Read more...] about Business Indicators
Clark County
Business IndicatorsMay 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2019 rose at an annual rate of 2.1 percent. U.S. nonfarm employment lost 701,000 jobs in March with a notable decline of 459,000 jobs in the leisure and hospitality sector. Since these figures are based on the first two weeks of March, they only reflected the early effects of the … [Read more...] about Business Indicators
County to Host Community ‘Win the Census’ Rally on March 12, First Day of 2020 U.S. Census Count
Clark County is teaming up with multiple community partners to ask every household in Southern Nevada to participate in the 2020 U.S. Census as part of a “Win the Census” campaign. Starting Thursday, March 12, the first day people can take the census online or by phone, a community kickoff will be held from 9 a.m. to noon at the Clark County Government Center Amphitheater, … [Read more...] about County to Host Community ‘Win the Census’ Rally on March 12, First Day of 2020 U.S. Census Count
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
Industry FocusBuilders & Developers
Over the past decade, builders and developers in Nevada have seen a host of changes and have had to adapt to a difficult and quickly changing economic landscape. Leaders in this industry recently met at the Las Vegas offices of City National Bank to discuss the future of building and development in Nevada. Connie Brennan, publisher and CEO of Nevada Business … [Read more...] about Industry Focus
Business IndicatorsFebruary 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 grew at an annual rate of 2.1 percent. Overall, strong consumer spending primarily drove real GDP growth in the third quarter, and weaker business investment and imports slowed real GDP growth. U.S. nonfarm employment added a less-than-expected 145,000 jobs in December. The employment … [Read more...] about Business Indicators
Business IndicatorsJanuary 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 expanded at a 2.1 percent annualized rate, revised up by 0.2 percent from the advance estimate of 1.9 percent. The upward revisions reflected less negative business investment, including inventory investment and more positive consumer spending than previously thought, which were partly … [Read more...] about Business Indicators
2018 Women to Watch
Women are making their voices heard, both in Nevada and across the world. A vital part of the business community, female executives and business owners are impacting and mentoring the next generation of leaders. These women continue to break through the glass ceiling with their drive and determination. Representing a variety of industries, this year’s Women to Watch … [Read more...] about 2018 Women to Watch
Clark County Launches Initiative to Become Certified Work Ready Community
On November 14, 2017, Clark County, Nevada leaders officially launched an initiative to become a certified ACT Work Ready Community. The goal is to ensure employee skills match employer needs while helping local educators prepare students for success in the workforce. ACT Work Ready Communities empower states, regions, and counties with data, process, and tools that drive … [Read more...] about Clark County Launches Initiative to Become Certified Work Ready Community
Social Service Providers and Clark County Break Ground on Affordable Apartment Campus for Innovative Living Environment, Affordable Apartment Campus for Innovative Living Environment, Accessible Benefits for Residents — Boys & Girls Clubs of Southern Nevada and Luthern Social Services of Nevada Headquarters and Food Pantry Part of New Nevada HAND Affordable Community
Boys & Girls Clubs of Southern Nevada (BGCSNV), Lutheran Social Services of Nevada (LSSN) and Clark County broke ground on buildings that, when completed in the first quarter of 2018, will be the first campus-style service partnership of its kind in Nevada. The nonprofit organizations are part of an innovative affordable living community with co-located services for working … [Read more...] about Social Service Providers and Clark County Break Ground on Affordable Apartment Campus for Innovative Living Environment, Affordable Apartment Campus for Innovative Living Environment, Accessible Benefits for Residents — Boys & Girls Clubs of Southern Nevada and Luthern Social Services of Nevada Headquarters and Food Pantry Part of New Nevada HAND Affordable Community
Industry Focus: Commercial Real Estate
The commercial real estate (CRE) industry in Nevada has been growing in recent years despite a number of hurdles professionals have overcome. Leaders in commercial real estate recently met at the Las Vegas offices of City National Bank to discuss the challenges and opportunities facing their industry and what’s on the horizon moving forward. Connie Brennan, … [Read more...] about Industry Focus: Commercial Real Estate
Wakeboard Cable Park now at Lake Las Vegas — Grand Opening Festivities on April 29
The exhilarating sport of cable wakeboarding has arrived in Nevada, and it’s only available at the Lake Las Vegas community’s private 320-acre lake. Cable wakeboarding is a surface water sport with participants pulled by an overhead cable system manufactured by Sesitic. The grand opening event is 1 p.m. to 7 p.m,, Saturday, April 29. Cable wakeboarding and master plan’s … [Read more...] about Wakeboard Cable Park now at Lake Las Vegas — Grand Opening Festivities on April 29
HomeAid Southern Nevada Hires Patrick Spargur as New Executive Director
LAS VEGAS – HomeAid Southern Nevada, the charitable arm of the Southern Nevada Home Builders Association, is pleased to welcome Patrick Spargur as the new executive director. “We look forward to working with Patrick, and feel confident he will drive our mission forward to help the homeless in our community through build projects, community partnerships and public outreach,” … [Read more...] about HomeAid Southern Nevada Hires Patrick Spargur as New Executive Director
Nevada Small Businesses Report Growing Confidence In The State’s Economy, Nevada State Bank Survey Finds
77 percent of respondents feel optimistic, compared to 61.5 percent in prior year LAS VEGAS – A recent survey found that small business owners throughout Nevada are increasingly bullish about the coming year, with 68.9 percent believing the U.S. economy is headed in the right direction and 77 percent believing Nevada’s economy is headed in the right direction. The … [Read more...] about Nevada Small Businesses Report Growing Confidence In The State’s Economy, Nevada State Bank Survey Finds
Construction Milestone Reached at Dermody Properties’ LogistiCenter at Las Vegas Boulevard
Las Vegas – Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nevada, announced that it reached a construction milestone with the tilt-up and placement of the first wall panels for its 546,480 SF industrial facility on Las Vegas Boulevard near North Walnut Road. The building will be completed on time by the end of the second quarter of … [Read more...] about Construction Milestone Reached at Dermody Properties’ LogistiCenter at Las Vegas Boulevard
Former Chief Deputy District Attorney Craig Hendricks Joins De Castroverde Law Group
LAS VEGAS – De Castroverde Law Group is pleased to announce former Clark County Chief Deputy District Attorney Craig Hendricks has joined the firm in its expanding Criminal Law Department. Hendricks has been practicing law in Nevada since 1991. He began as a law clerk in the Clark County District Attorney’s office, appellate division, and was promoted to deputy district … [Read more...] about Former Chief Deputy District Attorney Craig Hendricks Joins De Castroverde Law Group
Nevada’s Industrial Future: Two Parks Hold Great Promise for the Silver State
“It was the best of times, it was the worst of times” applies to Nevada’s tale of two industrial parks, one in the north and huge, the other in the south and a fraction of the size. Though the genesis of both took place at about the same time, in the late 1990s, their courses differed radically due to various circumstances of ownership, place and time. Today, the one with 17 … [Read more...] about Nevada’s Industrial Future: Two Parks Hold Great Promise for the Silver State
Business Indicators: November 2016
The U.S. real gross domestic product (GDP) grew at a 1.4 percent annual rate in the second quarter of 2016, revised up by 0.3 percentage point from the second estimate. The upward revisions mainly reflected an increase in nonresidential fixed investment, which decreased in the previous estimate. Large gains in consumer spending contributed to a rise in real GDP, while cutback … [Read more...] about Business Indicators: November 2016
NGKF Market Leader, Larry Singer Contributor at Nevada Business Roundtable
NGKF Senior Managing Director Larry Singer is a scheduled contributor to the Nevada Business Commercial Real Estate Round table on Wednesday, October 5th 2016, at 12:00 pm. A 38-year veteran of commercial real estate, Mr. Singer leads one of the area’s most successful tenant representation teams and has maintained ongoing relationships with various national and local clients … [Read more...] about NGKF Market Leader, Larry Singer Contributor at Nevada Business Roundtable
Business Indicators: September 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the second quarter of 2016 indicated a much weaker-than-expected growth of 1.2 percent. In addition, the first quarter’s real GDP growth was revised downward to 0.8 percent from 1.1 percent. Private investment, again, contributed negatively to U.S. economic expansion, falling by 9.7 percent from the previous … [Read more...] about Business Indicators: September 2016