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...]
What Changes do you Expect 2016 to Bring for Nevada?
“Nevada should expect continued economic strengthening, especially from new construction developments, a rise in our national education ranking, massive turnover in the Legislature and legalized recreational marijuana in 2016.” Erica Harvey | Director of Operations, Radman Hospitality “2016 is going to be great for Southern Nevada. Thanks to the ego-humbling recession, we … [Read more...]
The Retail Market: Recovering with Measured Expectations
With a New Year upon us, real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015. Nevertheless, all of them see positive trends for the market and some reason to remain optimistic. “We are clearly in a recovery,” said Brendan Keating, principal with The Equity Group in Las … [Read more...]
Enjoy the Ride: Nevada’s Luxury Car Business
Nevada’s luxury car business dipped during the recession but rebounded fairly quickly, coming back strong. After all, given the demographics of luxury car buyers, the customer base has a bit more resilience and disposable income than other car buying populations. “Business is good and demand is high,” said Don Hamrick, general manager, Chapman Las Vegas Dodge Chrysler Jeep … [Read more...]
Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
Volunteers in Medicine of Southern Nevada Hosts Groundbreaking Event for Clinic in Downtown Las Vegas Groundbreaking ceremony for VMSN’s new downtown Las Vegas clinic. Members of the community are invited to attend and receive information about the project. [Read more...] Wells Fargo Invests in Southern Nevada through Las Vegas Global Economic Alliance's 'Engage Southern … [Read more...]
Nevada Selected as Official Site for Tesla Battery Gigafactory
CARSON CITY, NV – Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, announced that Nevada has been selected as the official site for the Tesla Gigafactory. “This is great news for Nevada. Tesla will build the world’s largest and most advanced battery factory in Nevada which means nearly one hundred billion dollars in economic impact to the Silver State … [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...]
