According to the U.S. Census Bureau, Nevada’s 1.95 percent population growth rate from July 2015 to July 2016 made it the second fastest-growing state in the country, slightly behind Utah’s 2.03 percent. With the state’s official population nearing the three million mark, how is infrastructure keeping up with growth? The Orange Cone Zone Some of the funding for Nevada’s road … [Read more...] about Nevada Infrastructure: Keeping Up with a Growing State
USA Parkway
Around the State: March 2017
USA Parkway Extension Hits Midway Mark The Nevada Department of Transportation (NDOT) has reached the 50 percent milestone in the completion of the USA Parkway extension. The project connects Interstate 80 and U.S. 50 in Storey and Lyon counties. USA Parkway was originally constructed as a privately-built, six mile road connecting I-80 to the Tahoe Reno Industrial Center east … [Read more...] about Around the State: March 2017
The Ups and Downs: Nevada’s Economic Forecast
Experts are bullish on Nevada’s overall economy this year, anticipating continued recovery from the recession and growth, they said. Four key markers support their outlook: Wages: The average private weekly wage for Nevada workers peaked in October at $758.86, representing a 2.3 percent year-over-year increase, according to Applied Analysis, a Las Vegas-based economic fiscal … [Read more...] about The Ups and Downs: Nevada’s Economic Forecast
On the Rise: Commercial Building Rebounds
For the first time since 2007, when the recession decimated their industry, commercial builders in Nevada believe the industry is finally snapping back. “The recovery is slower than anybody wanted it to be, but the good news is that it is recovering,” says Ray Sedey, executive vice president of McCarthy Building Companies in Las Vegas. “Construction is recovering, but we’re … [Read more...] about On the Rise: Commercial Building Rebounds
Builders and Developers: Bullish on Nevada
Nevada’s skyline is once again changing. Commercial real estate, which saw many projects stalled mid-recession, is finally moving: contractors are hiring and builders are returning. But is there activity across the board in all industry sectors – industrial, office, retail, mixed-use – or are some moving faster than others? Does it spell recovery? Or another boom and bust … [Read more...] about Builders and Developers: Bullish on Nevada