Real gross domestic product (GDP) increased at an annualized rate of 3.3 percent in the second quarter of 2025, supported by consumer spending and a decline in imports following recent surges in anticipation of tariffs. U.S. nonfarm employment added only 22,000 jobs in August, remaining nearly flat since April. Employment only rose 0.9 percent from last year. The unemployment … [Read more...] about Business Indicators
The Last WordHow Do You Utilize AI?
Patrick Lindsey Senior Vice President and General Manager Las Vegas Motor Speedway “With AI, we are creating an efficient process that identifies potential new clients, as well as implementing a fan-facing AI Agent to provide support and ease the workload for account executives during busy event times.” Patricia Salkin JD, PhD Provost and Chief Academic Officer Touro … [Read more...] about The Last Word
Industry FocusState Leadership
Nevada is in a unique position. While the Silver State has always boasted a business-friendly environment, tourism serves as the backbone of its economy. But, with recent reports of significant declines in Nevada’s tourism industry, which contributes significantly to the state's coffers, state leaders are working harder than ever to diversify Nevada’s economy. This … [Read more...] about Industry Focus
Healthcare Heroes2025
For nearly 20 years Nevada Business Magazine has been recognizing Healthcare Heroes in the Silver State.The program began as a way to recognize individuals in this important industry for their efforts and contributions. Each of the honorees on the following pages has had a tremendous impact on Nevada's communities and are working to improve quality and access to care for … [Read more...] about Healthcare Heroes
Leon F. Mead, II
Senior Partner Mead Law Group Type of Business: Law Firm Based in: Las Vegas Hails from: Southern California Years Org. has been in Nevada: 9 Years as an Attorney in Nevada: 30 Employees in NV (approx.): 03 How did you get into your profession? A friend who was an attorney asked for help reviewing documents. As we worked together on her cases, she saw something … [Read more...] about Leon F. Mead, II
Made to OrderTenant Improvements in Today’s Commercial Real Estate Market
Tenant improvements (TIs) are a huge part of commercial real estate construction projects. Not because there aren't enough properties, or because of the pace at which business moves in Nevada. "The biggest reason is that investors and/or users have a significant impact on decision making because tenant improvements are about twice what they were cost-wise five years ago," … [Read more...] about Made to Order
ReD ReportOffice Summary: Second Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Despite a slight decline into negative absorption in the first quarter, Reno's office market demonstrated a modest recovery in the second quarter, indicating signs of stabilization and a return to positive demand. Submarkets with a larger inventory of Class A properties continued to experience growth in rents and an increase … [Read more...] about ReD Report
Business IndicatorsSeptember 2025
Real gross domestic product (GDP) increased at an annualized rate of 3.0 percent in the second quarter of 2025. The gain was driven by consumer spending and falling imports, which had surged in the prior quarter ahead of anticipated tariffs. Seasonally adjusted U.S. nonfarm employment only added 73,000 jobs in July, with revisions showing 258,000 fewer jobs than previously … [Read more...] about Business Indicators
The Last WordWhat Teacher Changed Your Life?
Dr. Jeff Murawsky Chief Medical Officer HCA Healthcare Far West Division “As an intern, my clinical professor Dr. Fahey said, ‘Write down your questions in your little book, look them up in the big book of medicine, and build your knowledge.’ That guidance sparked lifelong learning.” Marcie Smedley Executive Director Henderson Libraries “My elementary school … [Read more...] about The Last Word
Investing in Nevada’s FutureOne Business at a Time
Nevada’s business landscape is full of innovation—and momentum. At Advantage Capital, we help that momentum grow through flexible financing solutions that support business expansion, job creation, and long-term impact. Through the Nevada New Markets Jobs Act (NMJA), we invest in growth-ready businesses that are strengthening Nevada’s economy from the ground up. Nectar Life … [Read more...] about Investing in Nevada’s Future
Women to Watch 2025Kicking Up Their Heels and Getting to Work
“Sure he was great, but don’t forget that Ginger Rogers did everything he did … backwards and in high heels.” This pithy comic strip* comment about Fred Astaire underscores the grace in which women in business conduct themselves. Kicking up their heels to get things done or kicking them off at the end of a hard day, the 2025 Women to Watch redefine success. … [Read more...] about Women to Watch 2025
Industry FocusArts and Culture
The art and culture industry in Nevada is unique. In addition to what tourists may find in casinos, the Silver State has a myriad of museums, orchestras, art centers and more. When it comes to economic contribution, workforce development and the overall growth of the human condition, arts and culture in Nevada has been surging in recent years. Recently, a group of art and … [Read more...] about Industry Focus
Around the StateAugust 2025
Clark County Alerts on New Scam Clark County recently sent an alert reminding Nevadans that the county clerk does not issue citations. This is in response to a fraudulent notice that some received requiring payment to the court. The notice reads "Failure to Appear" with a citation amount. Land Lease for Children’s Hospital Finalized Intermountain Health, The Gardner … [Read more...] about Around the State
ReD ReportIndustrial Summary: Second Quarter 2025
Northern Nevada By CBRE Research The Reno industrial market was comprised of approximately 116 million SF at the close of Q2 2025. There were three new industrial buildings delivered to the market in Q2 2025, totaling 557,785 SF The construction pipeline had 1.9 million SF underway with another 15.8 million SF in various planning stages. The overall average asking lease … [Read more...] about ReD Report
Business IndicatorsAugust 2025
Real gross domestic product (GDP) decreased at an annualized rate of 0.5 percent in the first quarter of 2025. This decline was primarily due to a surge in imports ahead of anticipated tariffs and a decrease in government spending, which was partially offset by increased investment and consumer spending. Seasonally adjusted U.S. nonfarm employment increased by 1.1 percent … [Read more...] about Business Indicators