The advance estimate of U.S. real gross domestic product (GDP) for 2022Q4 expanded robustly by an annualized 2.9 percent, which caused 2022 real GDP to increase by 2.1 percent. The real GDP increase largely reflected restocked inventories and increased consumer spending, which the fall in business investment partly offset. Although consumer spending in 2022Q4 experienced a … [Read more...] about Business Indicators
Monthly Editorial Departments
Free Market WatchSome Facts and Analysis of Nevada’s 2022 Vote
The Nevada Wins Political Action Committee (PAC) has done some analysis of the 2022 Nevada election results and produced some insights, summarized below. (Full disclosure: I’m President of the PAC.) At the state level, one notable fact is that independents, non-partisans and members of small parties (here, “Others”) are now clearly the largest faction in Nevada politics, … [Read more...] about Free Market Watch
Around the StateFebruary 2023
CCSD’s First Electric School Bus Begins Operations The Clark County School District (CCSD) has unveiled the first electric school bus in Nevada. The bus was purchased using grant funding from NV Energy and the Nevada Division of Environmental Protection (NDEP). The district has the largest owned and operated school bus fleet in the nation and transports 125,000 students each … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary: Fourth Quarter 2022
Northern Nevada By Angel Orozco, CBRE The Reno industrial market finished the quarter with strong market fundamentals, posting the thirteenth consecutive quarter of positive net absorption. The East Valley submarket remains the most sought out location in Reno for occupiers, posting 714,750 square feet (SF) of positive net absorption for the quarter. Average asking lease … [Read more...] about Commercial RE Report
Business IndicatorsFebruary 2023
The third estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 expanded by an annual 3.2 percent, up by 0.3 percent from the second estimate. While unsustainably strong net exports remained the main contributor to the real GDP gain, the upward revision also reflected larger-than-expected rise in consumer spending and a smaller-than-expected decline … [Read more...] about Business Indicators
Free Market WatchSlow Growth, Low Returns: US and Nevada Economic Outlook Part 2
Last month’s column reviewed four long-term trends that have long slowed US economic growth and suppressed equity investment returns and will continue to do so, perhaps even more, in coming years. They are excess public spending and excess public regulation of all kinds. It also reviewed two trends that helped economic growth and returns before the turn of the century but since … [Read more...] about Free Market Watch
Around the StateJanuary 2023
Clark County Launches TEAP for Small Businesses Applications are now open for the Technical and Economic Assistance Program (TEAP), sponsored by the Clark County Office of Community and Economic Development in partnership with the National Development Council. The program provides eligible small business owners and nonprofits who were negatively impacted by the COVID … [Read more...] about Around the State
Commercial RE ReportThird Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The third quarter saw a large decrease in overall commercial sales volume, with retail numbers decreasing in volume by nearly $70 million. There were 16 total sale transactions in Q3 2022, in comparison to last quarter’s 20, being the second highest in the last few years. In North Valleys, a strip mall shopping … [Read more...] about Commercial RE Report
Business IndicatorsJanuary 2023
The second estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 grew by an annual 2.9 percent, up by 0.3 percent from the advance estimate. The upward revision largely reflected a smaller- decline in business investment, but unsustainably strong net exports mainly drove the real GDP gain. U.S. nonfarm employment continued to increase, adding 263,000 … [Read more...] about Business Indicators
Free Market WatchCasey at the Bat US and Nevada Economic Outlook Part 1
The outlook wasn’t brilliant for the Mudville nine that day; The score stood two to four with but one inning more to play. …” begins Ernest Thayer’s famous baseball poem. Unfortunately, the outlook for US and Nevada economic growth and investment returns is also not brilliant this day, and the outcome may again be: “mighty Casey has struck out.” The reason is accumulation of … [Read more...] about Free Market Watch
Around the StateDecember 2022
Clark County Commission Allocates ARPA Funds for Business Incubator Program Last month, the Clark County Commission voted to approve $600,000 in American Rescue Plan Act (ARPA) funds in support of a new business incubator program, Incubate Vegas. The program was developed by the Clark County Office of Community and Economic Development in partnership with StartUPNV. The … [Read more...] about Around the State
Commercial RE ReportOffice Summary: Third Quarter 2022
Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s office market saw strong tenant demand, recovering sale volumes and swelling sublease availability in Q3 2022. After five consecutive quarters of positive demand, third quarter net absorption of 54,700 square feet pushed annual net absorption to nearly 100,000 square feet. Investment activity rebounded … [Read more...] about Commercial RE Report
Business IndicatorsDecember 2022
The third estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 rebounded, increasing 2.6 percent at an annual rate, after two consecutive quarters of declines. The robust rebound was largely due to unsustainably strong net exports. Consumer spending on services and government spending also contributed positively to the real GDP growth. Business … [Read more...] about Business Indicators
Free Market WatchNevada Ranks Where in K-12 Education?
Nevadans hear regularly that we’re 49th or 50th among the states in K-12 education. Critics and reformers say so to support their policy proposals. Apologists and “educrats” say it to support more funding for public schools. The good news is the narrative that education in Nevada is last or nearly-last is false. Things are not great, but not nearly as dire as partisans … [Read more...] about Free Market Watch
Around the StateNovember 2022
Uprise Fiber Awarded USDA Grant to Build Fiber Network in Pershing County Reno-based independent fiber internet service provider (ISP), Uprise Fiber has been awarded a $27.1 million grant through the federal ReConnect Loan and Grant Program from the United States Department of Agriculture (USDA). The grant will be used to build a Fiber-to-the-Premise network in Pershing … [Read more...] about Around the State