The “advance” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 increased at an annual rate of 2.6 percent after two consecutive quarters of above 3 percent growth. Average hourly earnings growth accelerated to 2.9 percent year-over year, its largest gain since the Great Recession thanks to a tightening labor market. Retail sales posted strong … [Read more...] about Business Indicators: March 2018
Departments
What Industry in Nevada Has the Most Potential for Growth?
“Healthcare Informatics: Millennials are quick to recognize solutions and this new field fits with the improvements needed in the healthcare system. Informatics uses the process design and implements technology for efficiencies. All you need is the staff willing to take it on.” Rachel Papka, Chief Health Informatics Officer | Steinberg Diagnostic Medical Imaging “Tourism and … [Read more...] about What Industry in Nevada Has the Most Potential for Growth?
The ‘End of the World’ Comes with a Bump in Pay
One wouldn’t know it listening to many media loudmouths, but the recently passed GOP tax reform bill is producing results that should earn the applause of “progressives.” Unfortunately, as is now par for the course, political tribalism — not legitimate policy concerns — has encouraged the political left to protest a tax plan that’s poised to benefit every income bracket and … [Read more...] about The ‘End of the World’ Comes with a Bump in Pay
Around the State: February 2018
Public Meeting Launched to Address Underperforming Education System In what is expected to be the first of several meetings, Treasurer Dan Schwartz has called for a public meeting to receive input on the draft of a bill targeted at Nevada’s beleaguered K-12 education system. The treasurer hopes to draft a bill for the 2019 legislation that will address educational choice … [Read more...] about Around the State: February 2018
Movers & Shakers: Gloria M. Petroni
President Petroni Law Group (3 years in Nevada) Type of Business: Law Firm | Hails from: Yerington, NV | 3 years with company in Nevada | Based in: Reno, NV How did you first get into your profession? I knew I wanted to practice law but it was not until I graduated from law school that I determined that family law was the practice area I felt most passionate … [Read more...] about Movers & Shakers: Gloria M. Petroni
Welcome to Nevada: February 2018
Asia Union Electronic Chemical Corporation Asia Union Electronic Chemical Corporation (AUECC) is moving to a new facility in the Tahoe Reno Industrial Center in Storey County. The facility is expected to be operational by the end of this year and the company plans to hire over 100 employees. AUECC is headquartered in Taipei, Taiwan. The company is a leader in the manufacturing … [Read more...] about Welcome to Nevada: February 2018
The Art of the Acquisition
Growing your business via acquisition can be among the most rewarding ways to scale swiftly. Conversely, it can be a business mistake. To be successful, there’s a refined, proven approach that can propel your brand to the promise land. There are two main ways to find, choose and close a successful acquisition. Customer acquisition – when you are interested in the … [Read more...] about The Art of the Acquisition
Industrial Summary: Fourth Quarter 2017
Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market showed strong performance in Q4 2017. With approximately 1.4 million square feet of positive net absorption recorded this quarter, the region’s 2017 positive absorption total grew to 3.9 million square feet. The completion of two new Class A speculative projects in Q4 added much-needed space to … [Read more...] about Industrial Summary: Fourth Quarter 2017
Red Report: February 2018
E Sale, Industrial ADDRESS 4620 Calimesa St., 89115 BUYER Bacio SELLER NLV Sagebrush DETAILS 22,750 SF; $2,661,750 APN 140-05-112-001 SELLER REPS Dan Doherty, SIOR and Paul Sweetland, SIOR of Colliers International Sale, Industrial ADDRESS 2782 Abels Ln., 89115 BUYER Aaron David Industrial SELLER Baldwin Holdings DETAILS 9,960 SF; $812,000 APN … [Read more...] about Red Report: February 2018
Business Indicators: February 2018
The “third” estimate for U.S. real gross domestic product (GDP) for the third quarter of 2017 grew strongly at a 3.2 percent annualized rate, revised down by 0.1 percent from the second estimate of 3.3 percent. The downward revision of 0.1 percent from the second estimate reflected less-than-expected consumer spending, which more than offset the larger-than-expected increase in … [Read more...] about Business Indicators: February 2018
How Did You Meet Your Significant Other?
“I met my husband through Nevada Business Magazine! My PR firm ran an advertorial 18 years ago, and he came across the article. He told one of our clients he wanted an introduction to me, and the rest is history. I credit the magazine with my marriage and two daughters!” Holly Silvestri, Partner | The Ferraro Group “On business in Portland one morning, I had forgotten to pack … [Read more...] about How Did You Meet Your Significant Other?
Around the State: January 2018
UnitedHealth Buys DaVita’s Primary and Urgent Care United Health Group, Inc., the largest health insurer in the United States, has announced the purchase of DaVita Inc.’s primary and urgent care services for $4.9 billion. DaVita operates medical groups in six states, including Nevada, and serves 1.7 million patients through approximately 300 clinics. In addition, the purchase … [Read more...] about Around the State: January 2018
Where’s the ‘Progressive’ Outrage over Government’s Failures?
Fifty-four years ago this month, President Lyndon B. Johnson announced the beginning of what would turn out to be America’s longest running war: the “War on Poverty.” “This administration today, here and now, declares unconditional war on poverty in America,” boomed Johnson, basking in the applause the grand declaration guaranteed him during his State of the Union … [Read more...] about Where’s the ‘Progressive’ Outrage over Government’s Failures?
Welcome to Nevada: January 2018
Latitude 36 Food, LLC This supplier of condiments for packaged salads and fresh produce has moved their operations to Reno. Buying raw materials in bulk, the company then packages the items into smaller condiments and single-serving cases for prepared boxed salad kits, an industry which has seen a significant demand increase over the past year. The new Washoe County location … [Read more...] about Welcome to Nevada: January 2018
Movers & Shakers: Edward A. Vance
Founder and CEO Ev&A Architects (11 years in Nevada) Type of Business: Architecture | Hails from: South Dakota | 11 years with company in Nevada | Based in: Las Vegas, NV How did you first get into your profession? I was born in South Dakota, and raised in Eveleth, Minnesota. I essentially grew up in the Great White North with my brother and two sisters enjoying … [Read more...] about Movers & Shakers: Edward A. Vance