The Silver State has a unique origin story. Despite being much less economically viable and populated, Nevada beat out the other territories to become a state in 1864 because of its Republican and pro-Union leanings. President Abraham Lincoln fast-tracked the process, surpassing Congress, to ensure ultimately three electoral votes for his re-election and bolster Republican … [Read more...]
Kylie Rowe Appointed to EDAWN Board of Trustees
Reno – Kylie Rowe, Vice President of Relocation at Dickson Realty, has been appointed to the Economic Development Authority of Western Nevada’s (EDAWN) Board of Trustees. Rowe will bring her millennial perspective to the Board, as well as her experience with entrepreneurship. Rowe’s community impact spans across the University of Nevada, Reno and within Reno’s … [Read more...]
Executives Weigh In: Power Poll 2017
Most executives would agree, 2016 saw a boost to industry across the Silver State. From call centers and manufacturers to new sports teams and residential and commercial development throughout the state, Nevada is on the rise. This boom in industry is also prompting many business leaders to question when the other shoe will drop. “Cautiously optimistic” has been the phrase … [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...]
Unmanned Aerial Vehicles: Cultivating a New Industry in Nevada
Seeking to benefit from the anticipated, widespread commercial use of the unmanned aerial vehicle (UAV) nationwide, Nevadans have been working diligently to cultivate an industry around this type of aircraft. Integration of unmanned aerial vehicles into the U.S. would create more than 100,000 jobs and have an economic impact of $82 billion nationally by 2025, estimated the … [Read more...]
Game Changers: Economic Development in Nevada
Nothing paints a clearer picture of the results of economic development than the Silver State. Nevada has transitioned from a state with the highest unemployment rates in the country to a state welcoming Tesla to its economy, breaking ground on a 12,000-home master planned community, launching one of the first-of-its-kind interactive medical communities with Union Village and … [Read more...]
A Future of Change: Economic Development
Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and vulnerable economy built on … [Read more...]
Nevada’s 2014 Economic Forecast: The Way the Wind Blows…
When it comes to fortune telling, nothing is ever certain, but a handful of industry experts share their thoughts on Nevada’s economy in 2014. This year’s predictions offer more good news than has been reported in Nevada Business Magazine’s annual Economic Forecast in the last few years. While most business executives are proceeding with caution, they seem to agree the worst of … [Read more...]
Manufacturing in Nevada: Focus on Education, Jobs and the Future
No one with an eye on this state’s economic future should minimize the importance of manufacturing which, like so many business sectors in Nevada and nationwide, has taken a licking and kept on ticking. “The manufacturing sector is still reeling from the recession,” says Frank Woodbeck, director of the department of Employment Training and Rehabilitation (DETR) for the State … [Read more...]
Economic Development: Critical to Nevada
When it comes to Nevada’s future, economic development is critical. Over the last 12 months, The Silver State has made strides on this front. Among other accomplishments, the Governor’s Office of Economic Development (GOED) hired a leader in November 2011. This spring Gov. Brian Sandoval released “Moving Nevada Forward: A Plan for Excellence in Economic Development … [Read more...]
Northern Nevada: Hard Work Pays Off
Northern Nevada has earned its developing economic comeback the old-fashioned way: building on its strengths, looking to the future and taking common sense steps to coax and reward entrepreneurialism and innovation. It’s paying off. “There’s a lot going on,” says Rob Hooper, Executive Director of Northern Nevada Development Authority (NNDA), the Economic Development … [Read more...]
Nevada Industry Excellence: Manufacturing
With manufacturing suffering nationally along with the rest of American business, it is largely thriving here in Nevada. The engine has been a combination of factors – from legislative miscues in California and a strong Nevada workforce and overall business climate to the relatively low price of land and facilities, an available and affordable workforce, savvy strategy and … [Read more...]
Economic Development: The New Plan
Revenue – money flowing in – is the life’s blood of any household, business or organization. For the state of Nevada, revenue forecasts for 2012 and beyond are mostly positive… but continue to hinge on a variety of factors close to home and half a world away. Progress is being made on a number of fronts to generate new and perpetuate existing revenue streams, even as dark … [Read more...]
