The second estimate of U.S. real gross domestic product (GDP) for 2023Q1 grew by an annualized 1.3 percent, revised up by 0.2 percent from the advance estimate reported in the previous month. The upward revision in real GDP primarily reflected a smaller decrease in business inventories, which mainly contributed to slower growth in real GDP for 2023Q1. Seasonally adjusted … [Read more...] about Business Indicators
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Last WordWhat does freedom look like to you?
Mark D. Rich CPA, CFF, Founding PartnerWightman & Company, CPAs “Freedom is the ability to pursue your dreams by thinking and acting on your own, without having to satisfy unreasonable rules and regulations.” Brad Dacus President and FounderPacific Justice Institute "Freedom includes, but not limited to, the ability for individuals of faith to parent … [Read more...] about Last Word
Bryce Clutts
President & CEO/ Partner Metcalf Builders, Inc. Type of Business: General ContractorBased In: Carson CityHails From: Gardnerville Years Org. has been in Nevada: 28Years with Organization in Nevada: 5Employees in Nevada: 48 How did you get into your profession? It's in my blood. My grandfather and father were in the heating and air conditioning business. I … [Read more...] about Bryce Clutts
Profit and LossBrownfield Properties: The Ins and Outs of Due Diligence and Investment
Brownfield development is a hot topic for developers and investors. These developments offer excellent opportunities for those who do their homework. A brownfield site is land that has abandoned or under utilized. Commonly, this occurs on land that may have been polluted from industrial or other uses. Grant money for assessment and cleanup have made reuse of contaminated … [Read more...] about Profit and Loss
Free Market WatchWhat Is Economic Growth and Does It Really Matter?
Recently, I tripped on a defective structure in Reno, fell and broke my hip. An ambulance took me to Renown Hospital, where I got great treatment from a wonderful staff and left four days later with my sainted wife Kathy driving. With me benefiting from strong pain meds and feeling relief and optimism on a sunny day, I waxed philosophical. I noted how smooth were the streets … [Read more...] about Free Market Watch
Around the StateJune 2023
UNR Wins NSF Engines Development Award The University of Nevada, Reno (UNR) has been awarded a Type-1 Engine award which consists of approximately $1 million from the U.S. National Science Foundation’s Regional Innovation Engines (NSF) program. UNR is one of 44 teams to receive one of the first-ever NSF Engines Development Awards. The intention of the program is to help … [Read more...] about Around the State
Commercial RE ReportOffice Summary First Quarter 2023
Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s commercial real estate market experienced a shift in Q1 2023 with softening tenant demand, an uptick in sublease availability and a decline in investment sales. The region has seen continued growth in available sublease office space as tenants have added more square footage to the sublet market. Available … [Read more...] about Commercial RE Report
Business IndicatorsJune 2023
The advance estimate of U.S. real gross domestic product (GDP) for 2023Q1 increased by an annualized 1.1 percent, slowing from 2.6 percent in 2022Q4 amid rising interest rates. The weaker real GDP increase mainly reflected reduced business inventories, which were offset by robust consumer spending. Consumer spending lost momentum for the last few months, which may signal a … [Read more...] about Business Indicators
Last WordWhat advice would you give an entrepreneur who is just getting started?
Jeff Saling Executive DirectorStartUpNV “One of the most romantic and cruelest notions is ‘if you build it, they will come.’ Many new entrepreneurs think success is dependent on their business idea or invention. In reality, it's all about execution.” Stephanie Kruse FounderKPS3 Marketing “Don't be afraid but, simultaneously, be terrified. You need both. … [Read more...] about Last Word
What Medicaid Renewal Means for Nevada EmployersEnsuring Continued Coverage for Employees
Starting in April 2023 an estimated 200,000 Nevadans needed to re-qualify for Medicaid for the first time since the COVID Public Health Emergency (PHE) was declared in the Silver State. Many covered by Nevada Medicaid may lose their eligibility for a variety of reasons, including those who started a new job during the PHE but waived employer-sponsored coverage and kept their … [Read more...] about What Medicaid Renewal Means for Nevada Employers
John Blackmon
CEO/Manager NV Capital Corporation Type of Business: Hard Money Commercial LenderBased In: Las Vegas, NVHails From: Edmond, WA Years Org. has been in Nevada: 06Years with Organization in Nevada: 06Employees in Nevada: 07 How did you get into your profession? When I graduated from school with a business degree the jobs available were public accounting, banking and … [Read more...] about John Blackmon
Free Market WatchA Toxic Belch of Swamp Gas from the Regulatory Marsh
Another belch of environmental swamp gas is rising from the depths of the federal regulatory marsh. Of course, it looks and sounds so innocent, benign and even beneficial - something Nevada investors, businesses, public investment funds, investment fund managers and citizens should welcome, not fear. But it is toxic to all of them and thus to our economy and the public … [Read more...] about Free Market Watch
Around the StateMay 2023
RTC Southern Nevada Receives Federal Funding to Promote Efficiency The Regional Transportation Commission of Southern Nevada (RTC) has been granted $2 million in federal funding as part of the U.S. Department of Transportation’s inaugural Strengthening Mobility and Revolutionizing Transportation (SMART) program. The program was created to advance transportation and … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary First Quarter 2023
Northern Nevada By Angel Orozco, CBRE The Reno Industrial market finished Q1 2023 with strong market fundamentals, posting the 14th consecutive quarter of positive net absorption. Reno continues to be one of the most active development markets in the country due favorable tax haven and proximity to all Californian markets. Market-wide vacancy and availability rose … [Read more...] about Commercial RE Report
Business IndicatorsMay 2023
The third estimate of U.S. real gross domestic product (GDP) for 2022 Q4 expanded by 2.6 percent annualized rate, falling by 0.1 and 0.3 percent from the second and advanced estimates, respectively. Overall, the real GDP increase reflected increases in business inventories, consumer spending on services, and government spending, which were partly offset by decreases in business … [Read more...] about Business Indicators