Reno Tahoe’s Room Tax Collections set Record in 2021 According to Visit Reno Tahoe, which is a part of the Reno-Sparks Convention and Visitors Authority (RSCVA), last year’s total transient lodging and room tax came in over $420 million and was the most taxable room revenue ever recorded for a calendar year. In addition, three of the top four all-time revenue-producing … [Read more...] about Around the State
University of Nevada Las Vegas (UNLV)
Nevada RootsThe Making of Nevada
“Even though we’re a young state, we’ve got a very rich history,” said Eugene Hattori, curator of anthropology with the Nevada State Museum in Carson City. “We have evidence of archeological trade that goes back 8,000 years.” Nevada’s roots in business and industry began with the Native American tribes that resided in the region initially. The Northern and Southern Paiutes, … [Read more...] about Nevada Roots
Business IndicatorsFebruary 2022
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2021 equaled 2.3 percent at an annual rate, which was revised up by 0.2 percent from the prior estimate. The revision largely reflected upward adjustments in consumer spending and private inventory investment. Overall, the lower growth rate in the third quarter was primarily caused by a … [Read more...] about Business Indicators
Business IndicatorsDecember 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2021 only increased 2 percent at an annual rate, much lower than expectations. The weaker-than-expected growth in the third quarter largely reflected a deceleration in consumer spending. U.S. nonfarm employment in October, however, experienced a rebound after two consecutive months of … [Read more...] about Business Indicators
Industry FocusBankers
As the pandemic took its toll on businesses throughout Nevada, bankers were called upon to implement the Paycheck Protection Program (PPP), a loan program intended to provide American small businesses with cash flow. They did so efficiently while also overcoming new challenges to banking arising from a myriad of sources. Recently, bankers met in a virtual roundtable, hosted by … [Read more...] about Industry Focus
Around the StateJuly 2021
CIS Reports Graduation Rate for Case-Managed Students Communities in Schools (CIS) has reported a 90 percent graduation rate for the 2019-2020 school year for students the organization case manages. The statewide average graduation rate is 84 percent. CIS manages a total of 6,500 students in grades K-12 and serves over 75,000 students in 75 schools across Nevada. The … [Read more...] about Around the State
Around the StateMay 2021
PUCN Approves NV Energy’s Greenlink Nevada Initiative The Public Utilities Commission of Nevada (PUCN) has approved NV Energy’s proposed Greenlink Nevada transmission and renewable energy initiative. The initiative will tap into renewable energy zones throughout western and northern Nevada to accelerate the development of clean energy on public lands and increase electric … [Read more...] about Around the State
Economic Forecast 2021Recovery vs. Recession
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
Iconic Women of Distinction Awards 2020
An Iconic History NAWBO Southern Nevada The mission of the National Association of Women Business Owners (NAWBO) Southern Nevada is to educate, empower and promote women business owners to experience success in all economic, political and social arenas. The organization provides informative and success driven monthly meetings which include time devoted to networking with … [Read more...] about Iconic Women of Distinction Awards 2020
Industry FocusSports
Nevada’s sports industry has received a major boost in the past few years with the addition of major sports teams like the Vegas Golden Knights and Raider’s football team. Unfortunately, that momentum came to an abrupt halt with the start of COVID-19 restrictions that effectively halted live sport events across the nation. As Nevada teams learn to navigate keeping attendees … [Read more...] about Industry Focus
A Look at EducationMoving at the Speed of Knowledge
A vibrant, diverse economy requires a trained, educated workforce. A trained, educated workforce capable of taking on the diverse needs of its community requires a system of education designed to meet the needs of individuals and institutions in that economy. “We have to ensure that students who come out of college have good written and verbal skills and can work … [Read more...] about A Look at Education
Around the StateMarch 2020
Cure 4 the Kids and CCSD Debut Education Center The Cure 4 the Kids Foundation and the Clark County School District (CCSD) have partnered to open an education center. The center will help childhood cancer patients and others with catastrophic conditions maintain their educational progress during extended medical treatments. The center will be located in the same building as … [Read more...] about Around the State
Betting on NevadaGaming Industry Outlook
Nevada’s gaming industry is the biggest employer in Nevada and the most important sector in the state’s economy. In fiscal year 2018, the hospitality industry accounted for nearly 38.9 percent of the state’s total tax revenues and supported 450,100 jobs. While economic development agencies continue their efforts to diversify the Nevada economy, gaming will continue to be its … [Read more...] about Betting on Nevada
Minority Owned Businesses in NevadaLeveling the Playing Field
Nevada is open for business. The state is considered business friendly, and that goes for international corporations and small minority owned businesses equally. “With my business, one of the things I observed is that Nevada is truly open for business, whether you are a minority or any other ethnic type of individual doesn’t make any difference,” said Bob Daniel, owner, … [Read more...] about Minority Owned Businesses in Nevada
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
Technology’s RoleIn Nevada’s Economy
A diverse economy is stronger than one based on only one or two industries. Traditionally, Nevada’s economic foundations have depended on mining and travel, tourism and hospitality. When the last recession hit even the hospitality industry, a serious move to diversify the economy began. “The biggest impetus that started everyone down the path of the new innovations and … [Read more...] about Technology’s Role
Rita Vaswani appointed to UNLV’s School of Nursing Advisory Board
LAS VEGAS – The University of Nevada, Las Vegas School of Nursing recently appointed Rita Vaswani to its advisory board. Vaswani is vice president, client relationship manager for Nevada State Bank and has more than two decades of banking experience. She also has a strong background in health care and focuses on banking relationships primarily serving Nevada’s health care … [Read more...] about Rita Vaswani appointed to UNLV’s School of Nursing Advisory Board
Around the StateApril 2019
Coalition Forms to Match Employees to Available Jobs Over 40 public and private entities have joined to form the Career and Technical Education Messaging Coalition of Northern Nevada (CTE-MCNN). The coalition members represent diverse fields and expertise in Nevada. The coalition’s goal is to match potential employees with job and certificate opportunities. The coalition has … [Read more...] about Around the State
Gardner Company Provides UNLV Harry Reid Research & Technology Park Construction Progress Report
LAS VEGAS – Gardner Company is pleased to provide a construction progress report for the UNLV | Harry Reid Research & Technology Park, located at 8400 West Sunset Boulevard. Building One is less than 30 days away from the core and shell being complete, and the first tenants are projected to occupy their space by September 1, 2019. “We are thrilled with the progress thus … [Read more...] about Gardner Company Provides UNLV Harry Reid Research & Technology Park Construction Progress Report
Donor Duel Between University of Nevada, Las Vegas and University of Nevada, Reno Promotes Statewide Donor Registration
LAS VEGAS, NV ─ National Donor Day, February 14th, marks the beginning of Nevada’s first Donor Duel. This friendly competition between students, alumni, and supporters of the University of Nevada, Las Vegas (UNLV) and the University of Nevada, Reno (UNR) will see which group can register the most people as organ, eye, and tissue donors during a six-week period. This joint … [Read more...] about Donor Duel Between University of Nevada, Las Vegas and University of Nevada, Reno Promotes Statewide Donor Registration