GOED Approves Tesla Abatement The Nevada Governor’s Office of Economic Development (GOED) approved a $330,250,366 tax abatement for Tesla. The company’s first abatement was approved in 2014 and, as a result, Tesla will begin paying an annual minimum of $53 million in real and personal property taxes and modified business taxes beginning July of next year. Since that … [Read more...] about Around the State
Tesla
Nevada Workforce Evolving with Economy, Crucial to Development
The Nevada workforce is in a massive transition. Workforce development professionals in the state are working diligently to help usher in a new era of employees in Nevada, which will help continue the state’s economic diversification and self-reliance. “It’s a two-part story,” said Lisa Levine, executive director of the Governor’s Office of Workforce Innovation (GOWINN). … [Read more...] about Nevada Workforce Evolving with Economy, Crucial to Development
20 Recent CCSD Grads Offered Apprenticeships at Tesla
20 recent graduates from the Jobs for Nevada’s Graduates (J4NG) program and other CCSD workforce readiness programs have accepted apprenticeships with Tesla’s Manufacturing Development Program (MDP). Students signed a conditional offer in a signing ceremony last Tuesday, organized by Tesla. “I am so happy that I am able to be a part of something special and so excited to see … [Read more...] about 20 Recent CCSD Grads Offered Apprenticeships at Tesla
Trending UpMulti-Family in Nevada
Multi-family developers in Nevada are convinced a strong trend in the segment will continue for the foreseeable future. The U.S. is in the longest economic expansion in history and with it has brought a boom in multi-family developments in Nevada. David Picerne has been involved in Clark County multi-family developments since 1986, and he’s cautiously optimistic … [Read more...] about Trending Up
Retail Summary: First Quarter 2017
SOUTHERN NEVADA The Las Vegas Valley’s overall industrial vacancy rate in Q1 2017 was 5.5 percent, 0.3 percentage-points up from the 4th quarter of 2016. The warehouse/distribution product type was responsible for the vacancy increase as vacancy was down in all other product types. A large amount of warehouse/distribution space came to market in the second half of 2016; and … [Read more...] about Retail Summary: First Quarter 2017
Nevada REALTORS Visit France to Show Off Silver State Real Estate Opportunities
LAS VEGAS – Leading REALTORS from throughout Nevada will be showing off real estate and investment opportunities in the Silver State by attending MIPIM, the world’s leading global real estate market, business conference and networking event, being held March 14-17 in Cannes, France. Seven Nevada real estate industry leaders are attending the event this week, representing the … [Read more...] about Nevada REALTORS Visit France to Show Off Silver State Real Estate Opportunities
Help Wanted: Fortune-teller
Planning for Business Taxes in 2017 Although Nevada has one of the most business-friendly tax environments in the U.S., business owners still have to contend with (and plan for) local, state and federal taxation. In addition, planning for taxes in 2017 is a task made much harder due to recent political and legislative changes. Not only is President Trump’s proposed tax reform … [Read more...] about Help Wanted: Fortune-teller
Industrial Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2016 was 4.8 percent. Since Q3, 2015 the Valley’s industrial market rate has been at full occupancy and has been absorbing new space while remaking the existing inventory to accommodate larger space demand. Q4 saw 2,045,634 square feet of completed space, all of it in the warehouse/distribution … [Read more...] about Industrial Summary: Fourth Quarter 2016
Want to Sustain Economic Growth? Invest in IT
First, the good news: Nevada’s economy is on the rebound. Now the daunting news: After a gut wrenching recession, the marketplace is more competitive than ever and the difference between success and failure is razor thin. But research suggests there is hope in the form of a strong information technology (IT) industry. Rising wages, job creation and record retail sales are … [Read more...] about Want to Sustain Economic Growth? Invest in IT
Back to Work: Human Resource & Employment Issues
Gilda Radner’s comic creation, Roseanne Roseannadanna, pretty much summed up the situation of Nevada’s employers: “It’s always something.” The state’s economic recovery makes good workers harder to find, and top employees are beginning to hear the siren song of recruiters who want to woo them away. That’s putting upward pressure on wages just when employers are getting the … [Read more...] about Back to Work: Human Resource & Employment Issues
ITS Logistics Launches New Website and Brand Refresh
RENO — Third-party logistics company, ITS Logistics, has launched a new website and brand refresh following the announcement of its large-scale move to a 630,000-square-foot campus in Sparks, Nev. Major changes to the website include a new responsive interface for potential clients to learn about the company's services and an aesthetic redesign to support its new branding … [Read more...] about ITS Logistics Launches New Website and Brand Refresh
How to Lease or Buy: A Guide to the Rebounding Commercial RE Industry
Buying or leasing commercial real estate is a stressful and complex process that can be difficult for even the best of brokers in Nevada. What about for entrepreneurs or business executives whose areas of expertise may be in gaming or healthcare? How should they evaluate the pros and cons of buying or leasing, choosing a location and making a purchase? Taber Thill, senior … [Read more...] about How to Lease or Buy: A Guide to the Rebounding Commercial RE Industry
Developers: New Projects Signal Improved Markets
As the welcome sights and sounds of industrial construction continue to pop up all around the Silver State, business decision makers agree that economic good times are coming back. With 200 million square feet of development sprinkled around the U.S., Europe and Canada, developers at Panattoni Development Company, Inc. are happy to have stuck with in Nevada for 17 … [Read more...] about Developers: New Projects Signal Improved Markets
Raising the Grade: Higher Education in the Silver State
Education, economy, workforce, workers: pieces of a puzzle that come together to form economic development for Nevada and the ability to make a living for each individual. According to the U.S. Bureau of Labor Statistics, educational attainment and income are linked. Earnings and unemployment rates by educational attainment show national unemployment rates of 2.1 percent for … [Read more...] about Raising the Grade: Higher Education in the Silver State
Workforce Issues
As Nevada claims the distinction of having the highest private sector job growth in the country, according to the Nevada Department of Employment, Training and Rehabilitation (DETR), decision makers are focusing on how the Silver State can best respond to workforce needs in an ever changing and diverse economy. “The economy is diversifying based on the economic development … [Read more...] about Workforce Issues