The “second” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 climbed 4.1 percent at an annual rate. Overall, the increase in real GDP benefitted from robust recovery in consumer spending and business investment, while net exports and government spending contributed negatively to growth. U.S. nonfarm employment posted a stronger-than-expected … [Read more...] about Business Indicators
Monthly Editorial Departments
The Human Cost of Government Unions’ Political Power
The prolonged closure of in-person education across the nation isn’t merely a frustration for parents and students—it is a radical demonstration of just how destructive the political power of teacher unions has become to our system of education. Even during “normal times”, the priorities of teacher unions have often clashed with those of parents, students and taxpayers. For … [Read more...] about The Human Cost of Government Unions’ Political Power
Around the StateMarch 2021
Allegiant Stadium Exceeded Community Benefit Goals Mortenson | McCarthy, the construction team that built the Allegiant Stadium has released a community benefits report for the project, which was completed in July of last year and cost $2 billion. The benefit report showed that the project exceeded the community benefit goals that were set for it. The Nevada Legislature … [Read more...] about Around the State
Commercial RE ReportOffice Summary: Fourth Quarter 2020
Northern Nevada By Colliers | Reno The Reno/Sparks office market has begun its journey to recovery in the fourth quarter of 2020, with positive office job growth and strong in-migration pointing to a rebound in the near future. Office vacancy saw a 40 basis point decrease since the previous quarter, from 13.1 percent in the third quarter to 12.7 percent in the fourth … [Read more...] about Commercial RE Report
Business IndicatorsMarch 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 increased 4.0 percent at an annual rate, after a best-ever gain of 33.4 percent in the third quarter. Personal consumption expenditure and business investment, including private inventory, contributed positively to the real GDP growth, while net exports and government spending … [Read more...] about Business Indicators
It’s Time for Lawmakers to do More with Less
For private businesses trying to rebuild in a post-COVID world, their main task in 2021 will be “doing more with less.” Government should be doing the same. The good news for fiscal hawks going into the 2021 Legislative Session is that politicians in Carson City don’t really have much of a choice but to have a discussion that otherwise likely wouldn’t be taking place with … [Read more...] about It’s Time for Lawmakers to do More with Less
Around the State
Nevada Gold Mines Establishes the Heritage Fund Nevada Gold Mines (NGM) has launched an employee giving campaign entitled the Heritage Fund. The workplace giving program will include an employee-driven campaign to support non-profit organizations. Employees have the option to support non-profits of their choice and all 7,000 employees were given $25 to start their giving … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary: Fourth Quarter 2020
Northern Nevada By CBRE Reno The northern Nevada industrial market finished off a strong year by recording the largest year-to-date net absorption total since 2016. The fourth quarter of 2020 recorded 1.2 million square feet of positive net absorption, pushing the year-end total to 4.3 million square feet. Overall, the market had strong leasing activity throughout the … [Read more...] about Commercial RE Report
Business IndicatorsFebruary 2021
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 increased 33.4 percent at an annual rate, revised up by 0.3 percent from the previous estimate. The upward revision mainly reflected larger-than-expected consumer spending and business investment. Overall, a best-ever gain in real GDP exhibited strong recovery in both consumer spending … [Read more...] about Business Indicators
Be Optimistic: The World as We Know it is Ending
So, this decade didn’t really start off on the right foot. In the span of three months, we went from happily ringing in the 2020 New Year with friends and family, to being confined to effective house-arrest as a global pandemic brought out the authoritarian tendencies of our elected officials. On top of that, the nation reeled from cultural and political divides that resulted … [Read more...] about Be Optimistic: The World as We Know it is Ending
Around the State
Sands Named to CDP Climate and Water A-Lists Las Vegas Sands has been recognized by the global environmental non-profit, CDP, for its sustainability strategy. The resort developer was named to the Climate A-List for the sixth consecutive year. The list measures the company’s work toward cutting emissions and mitigating climate risks, among others. In addition, Sands was … [Read more...] about Around the State
Commercial RE ReportRetail Summary: Third Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its second slow quarter in a row with only 11 total sales. The third quarter sales volume came in at $10,303,027. In comparison, Q1 2020 had a total sales volume of roughly $42 million and there was just over $48 million per quarter throughout 2019. The average price per square foot was $331.26. The social … [Read more...] about Commercial RE Report
Business IndicatorsJanuary 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 grew 33.1 percent at an annual rate, unchanged from the previous estimate. Although the rate of the growth remained the same, revisions occurred for several components. That is, upward revisions to non-residential fixed investment and residential investment were offset by downward … [Read more...] about Business Indicators
The Future Belongs to the Entrepreneurs
Thanks to the rise of the “gig economy” and a growing disinterest among young workers for the traditional nine-to-five day job, the way Americans think about work was evolving even before the chaos of the coronavirus shutdowns. The events of 2020, and the massive economic disruptions it has brought, has only further accelerated this trend—which could actually be good news for … [Read more...] about The Future Belongs to the Entrepreneurs
Around the StateDecember 2020
Unclaimed Property Returned to Nevadans The Nevada State Treasurer’s office has announced $28.5 million in unclaimed property has been returned to Nevadans during the COVID-19 pandemic. In the early weeks of the pandemic, the Treasurer’s office worked with the Department of Employment, Training and Rehabilitation (DETR) to develop a program designed to connect individuals … [Read more...] about Around the State