Southern Nevada Las Vegas Valley spec office vacancy rates during Q2, 2015 ranged from 16.3 percent for Class C space to 32.1 percent for Class A. The overall vacancy rate was 21.6 percent, a decline from 21.7 percent recorded in Q1, 2015. Compared to Q2, 2014, the vacancy rate is down 1.1 points from 22.7 percent. Q2’s decline in vacancy rate makes 6 quarters with an … [Read more...]
Business Indicators: May 2015
The “third” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.2 percent. Compared to the “second” estimate, personal consumption expenditures increased more, but were offset by smaller changes in private inventories. Nonresidential fixed investment, residential investment, and state and local government spending also … [Read more...]
Business Indicators: April 2015
The “second” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.2 percent, lower than the 2.6 percent growth first reported. Compared to the “advanced” estimate, changes in private inventories increased less and nonresidential fixed investment increased more. Personal consumption expenditures, residential investment, … [Read more...]
A Developing State: Growing Economy Encourages New Projects
As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]
Business Indicators: February 2015
The “third” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 5 percent, higher than the 3.9 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated. Residential investment, net exports, federal government spending, … [Read more...]
Business Indicators: January 2015
The “second” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 3.9 percent, higher than the 3.5 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated, while private inventory investment decreased less. Residential … [Read more...]
Business Indicators: November 2014
The “third” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.6 percent, slightly higher than the 4.2 percent growth reported in the “second” estimate. The revision was due to the increases in nonresident fixed investment and exports being larger than previously estimated. U.S. nonfarm employment experienced robust … [Read more...]
Park Place Infiniti Sponsors Smiles for Survivors; Governor Approves Solar Tax Incentives
Park Place Infiniti Sponsors Smiles for Survivors Park Place Infiniti is sponsoring the fourth annual Blow Out Breast Cancer event, presented by the Smiles for Survivors foundation and Square Colour Salon and Spa. [Read More...] Governor’s Office of Energy Approves Solar Tax Incentives Highlighting its commitment to renewable energy in Nevada, the Governor’s Office of Energy … [Read more...]
Minimum-Wage Hikes: The Path to Poverty for Poor People
Presumably, State Senator Tick Segerblom thinks his proposal to increase the minimum wage to $15-per-hour in Nevada would be beneficial. After all, it sounds appealing to double the pay of fast-food workers and other entry-level workers with one wave of the government’s mandate wand. As businessmen and women know firsthand, however, there’s a big difference between good … [Read more...]
Business Indicators: October 2014
The “second” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.2 percent, slightly higher than the 4.0 percent growth first reported. The revision was due to the increase in non-resident fixed investment being larger than initially estimated. Personal consumption expenditures, changes in private inventories, … [Read more...]
Henderson Chamber Opposes ‘Margin Tax,’ Question 3
No guarantee money slated for education would land in educators’ hands HENDERSON, Nev. – The Henderson Chamber of Commerce recently surveyed its membership regarding the proposed Margin Tax, or Question No. 3, on the November ballot and received an “overwhelming response” in opposition, said Scott Muelrath, president and CEO of the Henderson Chamber of Commerce. The … [Read more...]
Henderson to Celebrate Economic Development, Small Businesses
15th annual awards event to recognize local success in multiple categories Nov. 13 HENDERSON, Nev. – The Henderson Chamber of Commerce and the city of Henderson’s Economic Development/Redevelopment division will host Henderson’s 15th Annual Economic Development and Small Business Awards from 6 to 9 p.m. Thursday, Nov. 13, at the Hilton Lake Las Vegas, 1610 Lake Las Vegas … [Read more...]
Industry Focus: Bankers
Enduring a slow economic recovery, the banking industry stays focused on getting businesses back on their feet in the midst of increasing regulations and legislative uncertainty. Nevada banking executives recently met at the Las Vegas offices of City National Bank to discuss the challenges in their industry. Connie Brennan, publisher of Nevada Business Magazine, served as … [Read more...]
Business Indicators: September 2014
The “advance” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.0 percent, rebounding from the negative 2.1 percent growth experienced during first quarter 2014. Personal consumption expenditures, changes in private inventories, residential investment, non-residential fixed investment, and state and local government … [Read more...]
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...]
Dealership Invests in Multimillion-Dollar Renovation Project
LAS VEGAS – Economic studies in recent months have pointed to Nevada’s steady recovery from the Great Recession. Most major economic indicators have started pointing in a positive direction. Local car sales have been especially strong recently, rewarding the multimillion-dollar investment and long-term confidence the owners of the Park Place Infiniti dealership on West … [Read more...]
U.S. Sen. Harry Reid to Speak at Aug. 21 Henderson Chamber Event
Legislative update to cover what’s being done federally to grow Nevada economy HENDERSON, Nev. – U.S. Sen. Harry Reid will serve as the guest speaker at the Henderson Chamber of Commerce’s upcoming Legislative Update breakfast. Titled "Conversation with Senator Reid on Growing Nevada's Economy," the breakfast will take place from 7 to 9 a.m. Thursday, Aug. 21, in the Cancun … [Read more...]
Nevada State Bank Working with Wolf Pack Players to Boost Their Financial Literacy
RENO – In the past 18 months, Nevada State Bank volunteers spent 1,571 hours teaching financial literacy classes in collaboration with many different community partners. The goal of these cooperative relationships is to help people make better choices concerning their money and learn to live within their means. One of the bank’s latest collaborations is with the women’s … [Read more...]
Elko Catches Up to Growth
While the rest of Nevada suffered the dramatic 2007 economic downturn and aftermath, the Greater Elko region boomed, primarily due to bustling mining operations resulting from a high gold price. In fact, over the last decade, the population there has burgeoned. The City of Elko alone went from about 10,000 to 20,000, with the broader Elko area home to about 30,000. “It’s … [Read more...]
Business Indicators: August 2014
The “third” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 2.9 percent, lower than the negative 1.0 percent growth reported in the “second” estimate. The revision was due to the increase in personal consumption expenditures being smaller and the decline in exports being larger than previously estimated. Federal … [Read more...]
