For much of Nevada’s history, the state has been a tourist destination. From the time Virginia City was an internationally known hot spot to the modern global sensation that is Las Vegas, visitors have flocked to the Silver State to take in its entertainment. Now, as the COVID-19 pandemic relinquishes its squeeze on tourism across the globe, Nevada’s prime economic driver is … [Read more...] about Entertainment Venues
Game OnProfessional Sports and Nevada’s Community
As the Raiders were planning their move from Oakland, California, to Las Vegas, there was intention to become a keystone in the community. For years, whether it was in their California homes of Los Angeles or Oakland, the Raiders were staples of the city. Memorabilia is a common sight in the cities with diehard fans ready to give it their all every game day. While … [Read more...] about Game On
Multifamily in NevadaDemand in Flux
The past few years saw Nevada multifamily housing demand skyrocket as inbound migration came and the single-family housing market was white hot. The U.S. multifamily market continues to be greatly in need of more units, and while the Las Vegas market has dropped a bit in terms of national markets, Nevada is also in desperate want of more developments. According to the … [Read more...] about Multifamily in Nevada
A New Design FlowArchitects in Nevada
As the pandemic altered a variety of industries and how people live, work and play, the architecture industry is now making its own adjustments. Industry needs are shifting, work habits are changing and economics are becoming more challenging following two years of a pandemic. While certain aspects of the industry changed, other parts remain the same. “It’s had a … [Read more...] about A New Design Flow
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
Credit Unions In NevadaTides of Change
As with most sectors in the financial industry, Nevada credit unions are in the midst of change. COVID accelerated multiple trends credit unions were already experiencing, many of which are tied to the growing preference of customers to use mobile banking and the resulting drop in branch visits and necessary cyber security upgrades. “It’s been really interesting,” said Diana … [Read more...] about Credit Unions In Nevada
High-View LandscapesCommercial Real Estate Developments in Nevada
The economic climate in the United State, and the globe, is leaving many professionals scratching their heads. A lot of indicators suggest the economy might be slowing and could even be entering a recession. Those indicators, however, are telling a different story than a lot of previous economic downturns. Companies for instance are in desperate need of employees, … [Read more...] about High-View Landscapes
TouchdownSports in Nevada
As the Vegas Golden Knights started their first season in 2017, few expected the magic that would ensue and catapult them to the Stanley Cup Final in the inaugural season. The doubts were so massive that before the season began, multiple articles ran expressing the feelings a hockey team in the desert could not succeed. Those feelings stem partly because the NHL’s expansion … [Read more...] about Touchdown
Knowing WorthBusiness Valuation in Nevada
Even as the economy was cooling off coming out of the winter and stung by the effects of the spread of coronavirus, businesses are selling at record paces in Nevada. In northern Nevada, The Liberty Group is coming off its best year ever, owner and broker Brad Bottoset said. The great year in 2019 was coming off two prior years that had also set records and Bottoset felt more … [Read more...] about Knowing Worth
Everything Must GoBankruptcies in Nevada
Bankruptcies might not be hitting Nevada as hard as they were during and immediately following the Great Recession, but they’re still impacting the state’s economy. At the height of the recession’s bankruptcy fallout in 2009, 60,837 businesses filed in the U.S., according to the American Bankruptcy Institute (ABI). That number was down to 22,232 in 2018, the last full year … [Read more...] about Everything Must Go
Stable and SustainableNevada’s Residential Market
Nevada’s residential housing should be stabilized and sustainable throughout 2020. Despite a relative lack of inventory and as potential homebuyers continue to flock to northern and southern Nevada alike, multiple Nevada real estate executives said they believe the housing market will settle into a groove. “For the first time in 13, 14 years, I can use the words stable … [Read more...] about Stable and Sustainable
Credit UnionsCommunity Banking
As banks continue to consolidate and grow as national corporations, credit unions likewise continue to provide financial connections to local communities. Clark County Credit Union President and CEO Matt Kershaw said the philosophy of “people helping people” has propelled state-charted credit unions to be the largest group of locally-owned financial institutions in Nevada. … [Read more...] about Credit Unions
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
Investment StrategiesA Look at Today’s Market
While every investor should have their own financial goals and strategies to achieve those goals, 2019 is proving to be a solid year for most of those goals. Investment advisors are quick to recommend investors meet with advisors to best analyze their long-term and short-term financial goals and build those strategies, but that advice doesn’t change the general rules of … [Read more...] about Investment Strategies
Taxes and NevadaThe Give and Take
The Nevada State Legislature kept the business community waiting until the end of the 80th legislative session last month. On June 3, the last day the legislature was in session and on deadline, the Senate and Assembly passed several key bills that will affect taxes for years to come and kept some taxes on businesses from expiring. These actions are cause for … [Read more...] about Taxes and Nevada