WaterStart Program Addresses Technology Challenges After an initial $4.3 million investment, Nevada’s WaterStart program, from the Desert Research Institute (DRI) has already addressed $30 million in water technology challenges in the state. The program was funded through the Knowledge Fund, which is administered by the Governor’s Office of Economic Development (GOED). … [Read more...] about Around the State
Departments
Commercial RE ReportIndustrial Summary: Second Quarter 2020
Northern Nevada By CBRE Reno As the COVID-19 pandemic unfolded in Q2 2020, it delivered a widespread shock to the U.S economy. While it is too early to fully comprehend the long-term impact the pandemic will have, industrial real estate has emerged well positioned to weather the current economic climate. The Reno industrial market finished the quarter strong after an … [Read more...] about Commercial RE Report
Business IndicatorsAugust 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 contracted by 5.0 percent at an annual rate. The decrease in real GDP was mainly caused by massive shutdowns to contain the coronavirus. U.S. nonfarm employment experienced a stronger-than-expected rebound, adding 4.8 million jobs in June, largely benefitting from a sharp increase of … [Read more...] about Business Indicators
Last WordWhat Tips do you have for Someone who is Afraid of Public Speaking?
Cathy Brooks CEOThe Hydrant Club “Don’t think about speaking to the entirety of an audience. Instead pick a person in the crowd and talk directly to them.” Adam Malan DirectorLogic Commercial Real Estate “The best way to overcome the fear of public speaking is to take any opportunity to publicly speak. You will improve and become more comfortable the more … [Read more...] about Last Word
Around the StateJuly 2020
GOED Approves Workforce Development Program The Nevada Governor’s Office of Economic Development (GOED) Board of Directors has approved a grant to the College of Southern Nevada (CSN) for an advanced manufacturing rapid response program. The grant is for $2 million and is expected to expand skilled training offerings in southern Nevada by expanding and accelerating the … [Read more...] about Around the State
Separation of Powers Should Matter in Times of Emergency Too
For the next several months, maybe even years, we will be hearing about the long-lasting effects of the “coronavirus shutdown.” There will be ongoing public debate over how Nevada “should” have responded to the global pandemic as we learn more about the virus and the consequences of shutting down an entire state for months on end. However, that debate somewhat misses the … [Read more...] about Separation of Powers Should Matter in Times of Emergency Too
Rob L. Smith
President, Montane Building Group, Inc. Type of Business: Construction ContractorBased: Reno, NVHails from: Simi Valley, CA Years Co. has been in Nevada: 8Years with Company in Nevada: 8Employees with Company: 13 What career advice would you give to your teenage self? I would tell myself, “Do not be afraid of stepping off the trail; you will find your way.” I would … [Read more...] about Rob L. Smith
What Is Unclaimed Property and Why Should You Care?
Most businesses, whether they know it or not, have the potential to generate unclaimed property and the associated obligations that come with it. What is Unclaimed Property? Unclaimed property is any financial asset that has been abandoned or unclaimed by the rightful owner for a specific period of time. Examples include: Bank accounts and contents of safe deposit … [Read more...] about What Is Unclaimed Property and Why Should You Care?
Commercial RE ReportRetail Summary: First Quarter 2020
Northern Nevada By Dickson Commercial Group Retail sales have been up and down quarter by quarter for some time. Q1 was down by 50 percent from Q4 but volume overall was consistent with averages when looking at the last 12 months. Two major deals made up over 55 percent of the total volume for the quarter which helped keep the numbers up. The first quarter had a … [Read more...] about Commercial RE Report
Business IndicatorsJuly 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 contracted by 5.0 percent at an annual rate, lower than the advance estimate of a 4.8 percent contraction. The revision reflected a deeper decrease in private inventory investment, which was partly offset by upward revisions to consumer spending and nonresidential fixed investment. The … [Read more...] about Business Indicators
Last WordWhat have you Missed Most During Nevada’s Shutdown?
Michele Rothstein Owner and CEOBalloons with a Twist “I miss spending quality time with friends and family. I will never again take for granted going out to dinner, seeing a live show or even attending a networking event. I am definitely an extrovert!” Rob Jensen Founder and PresidentRob Jensen Company “I’ve missed face-to-face conversations. We cancelled … [Read more...] about Last Word
Backroom Labor Deals are a Disservice to Taxpayers and Public Workers Alike
In the months and years ahead, the economic reality of the coronavirus shutdown will collide in dramatic fashion with the priorities of public sector unions. This month, many government agencies will be negotiating new labor contracts with union officials — contracts that will set pay schedules, determine salary increases and govern the personnel costs for each agency. What … [Read more...] about Backroom Labor Deals are a Disservice to Taxpayers and Public Workers Alike
Mike Campion
Director of Branches, SCE Federal Credit Union Type of Business: Financial Services/BankingBased: Southern NevadaHails from: Houston, TX Years Co. has been in Nevada: 8Years with Company in Nevada: 5Employees with Company: 20 What was your first job? I did paper delivery for the Houston Post (a newspaper) and then worked at a hot dog shop through high school. … [Read more...] about Mike Campion
A Line DrawnRedistricting in Nevada
Most everyone knows every ten years, the states count each of their citizens in order to claim seats in the U.S. House of Representatives. The following year, state legislatures are required to re-draw district boundaries for each House member they have been allotted based upon those census numbers. In Nevada, the Legislature typically also rebalances and redrafts their … [Read more...] about A Line Drawn
Around the StateJune 2020
Las Vegas Home Sales Dropping, Prices Hold Steady According to a report released by the Las Vegas Realtors (LVR), statistics in April show home sales dropping, but prices holding relatively steady. The median price of existing homes in southern Nevada was $310,000, up 3.3 percent from 2019. LVR reported 1,190 canceled sales contracts in April, down from 1,335 in April 2019. … [Read more...] about Around the State