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
Jeremy Aguero
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
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
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
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
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...] about Nevada Corporate Giving Council Releases 2015 Nevada Corporate Philanthropy Report: Report Confirms Nevada Companies Rank Favorably in National Average
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...] about Corporate Philanthropy Leaders Share Charitable Giving Strategies with Local Nonprofit Executives
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...] about Nevada State Bank Hosts Webinar Series “2015 Small Business Outlook”
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...] about Applied Analysis Reaches Agreement with UNLV to Use MyResearcher.com for New Data Management and Analysis Lab
Philanthropic Minds Unite at the Fourth Annual Philanthropy Leaders Summit
LAS VEGAS – An annual gathering of philanthropy leaders will shed insight on the best practices, trends and current strategies making an impact on the local and national philanthropic landscape. The Fourth Annual Philanthropy Leaders Summit, founded and led by Moonridge Group, will be held at Las Vegas City Hall on Feb. 6 and will educate, inspire and provide valuable knowledge … [Read more...] about Philanthropic Minds Unite at the Fourth Annual Philanthropy Leaders Summit
It’s an Investment: Commercial Financing in Nevada
The construction industry continues to be the barometer for the severity of Nevada’s economic plight, but commercial real estate in particular is making enough improvement to spark interest from investors and private parties looking to benefit from the historically low interest rates. This means banks and other real estate lenders are revving up business again. Economic … [Read more...] about It’s an Investment: Commercial Financing in Nevada
Workforce Development In Nevada
In the wake of the recession, with unemployment just under 10 percent, it would seem employers would have no problem filling positions. But though Nevada’s employment base is growing again, it remains below pre-recession levels and of people who have gone back to work, a disproportionate share have gone back part-time or in jobs that don’t fully utilize their skills. Add in the … [Read more...] about Workforce Development In Nevada