The first estimate of U.S. real gross domestic product (GDP) for 2023Q3 had an annualized growth rate of 4.9 percent, a significant increase above recent quarters. Consumer spending soared, particularly in services such as housing, utilities, healthcare, financial services, insurance and food, as well as in goods, notably non-durable items like prescription drugs and … [Read more...] about Business Indicators
Office SummaryThird Quarter 2023
Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s office market experienced some positive market fundamentals this quarter as it saw declining net absorption, shrinking sublease availability, and improving investment activity. Quarterly net absorption of - 5,474 square feet pulled annual net absorption to about 1,800 square feet. Available sublease space … [Read more...] about Office Summary
The Last WordWhat is your favorite holiday tradition?
Laine BlackmonLoan OriginatorNV Capital Corp. “My favorite holiday tradition is decorating homemade sugar cookies with my stepmom. We have been doing this my whole life, and I will continue to do it when I have children someday.” Boyd EricksonVice President/OwnerFEA Consulting Engineers “One of our firm’s favorite holiday traditions is when the principals fry … [Read more...] about The Last Word
Industry FocusCPAs
The accounting industry is rapidly changing. While staying on top of new tax laws is already a feat, the introduction of new technology with AI is challenging the industry like never before. These issues, paired with difficulties communicating with the IRS and a downward trend in finding talent, has accountants pushing forward and hoping for the best. Recently, a group of … [Read more...] about Industry Focus
Around the StateNovember 2023
Clark County Moves Forward with Innovation District In early-October the Clark County Commission voted to accept a strategic action plan for the development and implementation of the Clark County Innovation District (CCID) in the southwest part of the Las Vegas Valley. The district will be focused along the I-215 near south Decatur Blvd. and is being spearheaded by the Clark … [Read more...] about Around the State
Business IndicatorsNovember 2023
The third estimate of U.S. real gross domestic product (GDP) for 2023Q2 remained unchanged from the second estimate reported last month, with an annualized expansion of 2.1 percent. The third estimate update was shaped by a decrease in consumer spending and imports, alongside upward revisions in nonresidential fixed investment, exports, and inventory investment, mitigating the … [Read more...] about Business Indicators
Legal OpinionsExpert Knowledge for Nevada Business Leaders
Legal knowledge is worth its weight in gold, and rarely free. Legal Opinions has compiled a host of attorneys, experts in their field, to provide information and resources on a variety of topics. Nevada Business Magazine has been publishing this feature since 2014. Articles in the 2023 edition of Legal Opinions cover a gamut of professional issues and provide business … [Read more...] about Legal Opinions
Industry FocusEducation
It's an unfortunate reality that, when it comes to education, Nevada has earned failing grades for years. Although the Silver State has seen some improvements, it is still far behind the national average. Recently, Nevada educators met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the many challenges they are up against and the … [Read more...] about Industry Focus
Healthcare Heroes Northern Nevada2023
Corporate Sponsor Renown Health - Caring Where You Are We believe your health is worth fighting for, every day, in every way. No matter how big or small, Renown Health is committed to doing everything humanly possible to care for our fellow Nevadans — all with a passion driven by equal parts determination and hope. Serving others isn’t just a commitment; it’s a way of … [Read more...] about Healthcare Heroes Northern Nevada
Improving Healthcare Affordability and QualityEmployers Should Embrace Advanced Primary Care
Three years after the height of COVID, Nevada workers and their families are facing a new set of long-term health challenges – from lack of affordable, accessible health services to lingering chronic conditions that became more pervasive and intense during the pandemic. In Nevada, the combination of these mounting cost and quality pressures has contributed to the state often … [Read more...] about Improving Healthcare Affordability and Quality
Trailblazing PhilanthropyMoonridge Group’s Philanthropy Leaders’ Summit
Last month, the Moonridge Group Hosted its 12th annual Philanthropy Leaders’ Summit statewide in Nevada. The event featured speakers from a host of respected organizations. Punam Mathur with the Elaine P. Wynn & Family Foundation and Staci Alonso of Noah’s Animal House served as Mistresses of Ceremony for the events in Las Vegas and Reno, respectively. For the first time … [Read more...] about Trailblazing Philanthropy
Scott Allen Frost
CEO of Titan Brands Hospitality Group Type of Business: Multi-Unit Restaurant OperatorBased: Las VegasHails from: Reno Years Org. has been in Nevada: 7Years with Organization in Nevada: 7Employees in NV: 15 What has been instrumental to your success? Extreme adversity – I made [success] extra hard by breaking my neck in an off-road motorcycle accident while we were … [Read more...] about Scott Allen Frost
Business IndicatorsSeptember 2023
The second estimate of U.S. real gross domestic product (GDP) for 2023Q2 expanded by an annualized 2.1 percent, revised down by 0.3 percent from the advance estimate reported last month. The downward revision mostly reflected lower business investment than previously expected, which was partly offset by larger-than-expected government spending. Overall, the real GDP for 2023Q2 … [Read more...] about Business Indicators
Last WordWhat is your favorite thing about Fall in Nevada?
Terry Shirey President and CEO Nevada State Bank “The Fall Season is a time to settle in with family and the comforts of home after a hectic summer. Weekends watching football, enjoying the great weather in the backyard and preparing for the holiday season.” Franchesca VanBuren CEO Insight Therapy Solutions “Fall in Vegas is the perfect time and … [Read more...] about Last Word
Industry FocusEconomic Development
Relatively speaking, Nevada’s economy is in its infancy. And despite success in gaming, tourism and entertainment, the Silver State’s economic development faces numerous challenges. Recently, economic specialists met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the current and future economy of Nevada including its lack of funding, a missing … [Read more...] about Industry Focus