With Nevada’s Congressional delegates facing votes on President Joe Biden’s proposed income tax increases, questions of wealth and income distribution, tax fairness, economic growth and economic mobility have become central in public debate. A study of literature and empirical studies on economic mobility show there is still substantial economic mobility from generation to … [Read more...] about Economic Mobility
Departments
Around the StateDecember 2021
Clinical Affiliation Between Renown Health and UNR Med to Address Provider Gap A new clinical affiliation between Renown Health and the University of Nevada, Reno School of Medicine (UNR Med) has been established to address the provider gap in Nevada. The state ranks 45th for active physicians per 100,000 population. A large piece of the affiliation is a $350,000 scholarship … [Read more...] about Around the State
Commercial RE Report Office Summary:Third Quarter 2021
Northern Nevada By Colliers Reno Reno’s office market saw increased leasing activity in the third quarter of 2021 with nearly 40,000 square feet of positive net absorption, the highest the market has experienced in five quarters. Recovering demand for office space has driven year-to-date net absorption to 58,565 square feet. Strong tenant demand this quarter pushed market … [Read more...] about Commercial RE Report Office Summary:
Business IndicatorsDecember 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2021 only increased 2 percent at an annual rate, much lower than expectations. The weaker-than-expected growth in the third quarter largely reflected a deceleration in consumer spending. U.S. nonfarm employment in October, however, experienced a rebound after two consecutive months of … [Read more...] about Business Indicators
Last WordDid 2021 Go the Way you Expected?
Dr. Ed De Andrade PresidentNevada Dental Association “Back in January, we were already seeing regular visits to the dentist approaching 80 percent of pre-pandemic levels, according to the American Dental Association. My expectation for 2021 was for those rates to further increase, and we’re meeting that goal through doing everything we can to make our patients safe when … [Read more...] about Last Word
Progressivism, the Administrative State and the Public Interest
Ron Knecht is Senior Policy Fellow at Nevada Policy Research Institute As Ben Franklin left the Constitutional Convention on September 17, 1787, he was asked what kind of government we would have. “A Republic,” he replied, “if you can keep it.” The Founders addressed that and other challenges by establishing checks and balances among three branches of the federal … [Read more...] about Progressivism, the Administrative State and the Public Interest
Proposed Tobacco Tax LawsHarming Nevada Small Business and Households
Kenneth Evans is President at Urban Chamber of Commerce Throughout Nevada, our chambers of commerce strive to create a favorable environment for every type of business imaginable. By promoting entrepreneurship, economic development, and job opportunities, we can ensure a better life for every Nevadan and their families. It’s easy to forget that when you boil it down, … [Read more...] about Proposed Tobacco Tax Laws
Stephanie Cisneros
Senior Vice PresidentConsumer & Business Banking Market LeaderU.S. Bank Type of Business: Financial InstitutionBased In: Las Vegas, NVHails From: Abilene, TX Years Co. Has Been in Nevada: 82Months with Company in Nevada: 19Employees with Company: 683 What was you First Job? Sonic Drive-In (Roller Skating Car Hop). Who has been Instrumental to your … [Read more...] about Stephanie Cisneros
Around the StateNovember 2021
Pinecrest Academy Awarded National Education Award The Pinecrest Academy of Inspirada has been awarded the National Blue Ribbon Education Award from the U.S. Department of Education. The award is given to schools throughout the country for the highest performing schools, measured by state assessments or nationally normed tests. Pinecrest is the first charter school in the … [Read more...] about Around the State
Commercial RE Report: Industrial SummaryThird Quarter 2021
Northern Nevada By CBRE | Reno The northern Nevada industrial market continued to post strong market fundamentals in Q3 2021. Net absorption for the quarter reached 1 million SF, representing the ninth quarter in a row where net absorption totaled more than positive 800,000 SF. The market wide vacancy rate continues to plummet, ending Q3 2021 at 2.1 percent, down 120 … [Read more...] about Commercial RE Report: Industrial Summary
Business IndicatorsNovember 2021
The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2021 expanded 6.7 percent at an annual rate. The strong growth in the second quarter largely reflected a strong surge in consumer spending, which was boosted by significant injections of federal relief money. U.S. nonfarm employment showed a disappointing gain, adding only 194,000 jobs in … [Read more...] about Business Indicators
Last WordWhat Are You Thankful For?
Sean O’Donnell Executive DirectorFoundation for Recovery “As a person in recovery from addiction, I am thankful for the Nevada businesses making progress to cultivate a workplace culture that supports their employees by becoming a Nevada recovery[1]friendly workplace.” Nicole Willis-Grimes Executive DirectorCommunities in Schools of Western Nevada “I am … [Read more...] about Last Word
Vaccine Mandates are Everything that’s Wrong with Modern Politics
Not every “good” idea should be a government mandate, nor should every “bad” idea be made illegal. Receiving the COVID vaccine, for the vast majority of American adults, is a good idea. The vaccination is provably effective at lowering the risk of hospitalization or death. For those who have received it, the risk posed by the coronavirus is effectively the same as the common … [Read more...] about Vaccine Mandates are Everything that’s Wrong with Modern Politics
Dufresne “Didi” Nicholas
Director/Market Executive, Nevada MarketBank of America Merrill Lynch Type of Business: Financial Services/BankingBased In: Las Vegas, NevadaHails From: Nanuet, NY Years Co. Has Been in Nevada: 120Months with Company in Nevada: 06Employees with Company: 1,800 What was your first job? A financial Advisor for PaineWebber in NYC. As a teenager, my first job was working … [Read more...] about Dufresne “Didi” Nicholas
Employee Retention Credit
Rewind back to March 2020, panic swept through Nevada and many business owners were required under a government order to shut their doors and send their employees home. In response, then-President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) providing two mutually exclusive incentives – the Paycheck Protection Program (PPP) and the Employee … [Read more...] about Employee Retention Credit