The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 expanded at a 2.0 percent annualized rate, revised down from the second estimate of 2.2 percent. The downward revisions mainly reflected smaller-than-expected private inventory investment and personal consumption expenditure. U.S. nonfarm employment continued its surprising gain by … [Read more...] about Business Indicators: August 2018
Departments
If You Could Witness Any Event of the Past, Present or Future, What Would It Be?
“[I would want to witness] the signing of the Constitution to see the resolve and optimism of the brave people who created this country and put into motion the liberties we all hold so dear.” Ken Johnson, Executive VP, Business Development | Valley Electric Association “[I would want to witness] the day our country required education for children. Could we have known then how … [Read more...] about If You Could Witness Any Event of the Past, Present or Future, What Would It Be?
America’s Revolution: It Wasn’t About a Tax or Tariff – It Was About Consent
The America Revolution was not about a tax or tariff. It was about the consent of the governed or, more precisely, the lack thereof. Many Americans today seem to chalk the revolution up to years of oppressive government from a tyrannical English king. Punitive and unfair taxes, human rights abuses and crippling tariffs — so the simple story goes — led oppressed colonists to … [Read more...] about America’s Revolution: It Wasn’t About a Tax or Tariff – It Was About Consent
Movers and Shakers: Mary Beth Sewald
President & CEO Las Vegas Metro Chamber of Commerce (107 years in Nevada) Type of Business: Chamber | Hails from: St. Clair, Missouri | Less than 1 year with company in Nevada | Based in: Las Vegas, NV What do you want your legacy to be? I’d like my legacy to be servant leadership. I would like for people to say I was instrumental in their personal and career … [Read more...] about Movers and Shakers: Mary Beth Sewald
Welcome to Nevada: July 2018
Axion Corporation Axion Corporation, a provider of satellite broadband-based entertainment and smart home services, is planning to relocate their headquarters to Northern Nevada. The building will house the company’s engineering, manufacturing, distribution and satellite support services. From there, Axion expects to reach the 34 million Americans who are underserved or lack … [Read more...] about Welcome to Nevada: July 2018
Around the State: July 2018
UNLV Awarded Grant to Advance Personalized Medicine The University of Nevada, Las Vegas (UNLV) has been awarded an $11.4 million federal grant from the National Institutes of Health (NIH). The five-year grant will institute a program intended to grow human genetics research and related infrastructure as well as mentor early career professionals in the field. This is the first … [Read more...] about Around the State: July 2018
AI Technology Is Affecting Business’ Online Presence: Gain a Competitive Advantage
This year at Google I/O, the company’s annual developers’ conference, Google’s CEO, Sundar Pichai unveiled a demo of its newly created Artificial Intelligence (AI) Assistant. The demo showcased the program’s ability to schedule appointments and reservations. During the presentation, the AI Assistant called two actual small businesses – a salon and a restaurant – and completed … [Read more...] about AI Technology Is Affecting Business’ Online Presence: Gain a Competitive Advantage
Retail Summary: First Quarter 2018
Northern Nevada By NAI Alliance The Reno/Sparks retail market saw continued improvements in the first quarter of 2018. The total gross absorption was 141,799 square feet during the quarter with 31 tenants opening stores. The largest tenant opening was the 40,000 square foot Burlington in the Legends Center. Net absorption was a healthy 95,159 square feet. The overall … [Read more...] about Retail Summary: First Quarter 2018
Red Report: July 2018
BC Sale, Multi-Family Address 110 Ville Dr., 89005 Buyer OM Sun Property LLC Seller HPY Holdings, LLC Details 70 units; $45,000 per unit APN 186-04-501-003 Seller Rep Brett S. Beck of Virtus Commercial E Sale, Multi-Family Address 7055 Lake Mead Blvd., 89156 Buyer OpenPath Investment, LLC Seller Sundance Bay Details 304 units; $101,151 per unit APN … [Read more...] about Red Report: July 2018
Business Indicators: July 2018
The “second” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 showed growth at an annual rate of 2.2 percent, down by 0.1 percentage point from the previous estimate of 2.3 percent. The downward revisions reflected smaller private inventory investment, residential fixed investment, and net exports, which were partly offset by a larger … [Read more...] about Business Indicators: July 2018
What Area Do You Think Nevada Could Improve?
“[Nevada could improve at] bringing in more businesses that are non-gaming related to generate more salaried positions. We have brought in Amazon, Switch and Tesla. We definitely need more.” Dawn Houlf, Owner/Real Estate Coach and Mentor | EXIT Realty Number One “In Nevada, it’s water - either lack of, or abundance of. In Northern Nevada, it’s flooding. Flooding endangers … [Read more...] about What Area Do You Think Nevada Could Improve?
Around the State: June 2018
Investments for the State of Nevada Post Strong Returns According to the state treasurer, investment returns for the state’s general portfolio have quadrupled since 2015. In addition, the local government investment pool (LGIP) returns are up nearly 20 times as much as they were in fiscal year 2015. As of the end of March, the general portfolio returned nearly $24 million to … [Read more...] about Around the State: June 2018
Cybersecurity Efforts: A Vital Issue for Business
Nowadays, it seems no company is safe from a potential cybersecurity attack. The concept of a cybersecurity team makes sense for large corporations, but what about small businesses? There are some misconceptions, but in fact, small businesses should have a cybersecurity team in place as well—whether it’s a full-time employee or a contracted company. According to a study … [Read more...] about Cybersecurity Efforts: A Vital Issue for Business
Welcome to Nevada: June 2018
Cascade Financial Technology Providing pre-paid card services, consulting services, person-to-person mobile payments and call center services, Cascade Financial Technology, Corp. is expanding in Southern Nevada. The company plans to grow its Clark County facility from approximately 2,000 square feet to over 20,000 square feet in 2018. Cascade anticipates adding 64 jobs and … [Read more...] about Welcome to Nevada: June 2018
The Teacher’s Union Civil War: Worker freedom Needed
The union infighting across Nevada and especially in Clark County shows a real need for policy changes that empower workers, not union bosses. Last month, the Clark County Education Association (CCEA) voted to separate from its parent union, the Nevada State Education Association (NSEA). The decision was made, according to CCEA, because the state union regularly fails to … [Read more...] about The Teacher’s Union Civil War: Worker freedom Needed