The third estimate for U.S. real gross domestic product (GDP) for 2024Q2 experienced a robust 3.0 percent annual growth rate, unchanged from the second estimate. Although the growth rate remained unchanged, the update reflected upward revisions in private inventory investment and federal government spending, partly offset by downward revisions in nonresidential fixed investment … [Read more...] about Business Indicators
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The Last WordWhat Are You Thankful For?
Erick Vidmar Senior Director Cleveland Clinic Nevada “I’m thankful for helping to usher in an era of new treatments for Alzheimer’s disease. As November celebrates National Alzheimer’s Awareness Month, these treatments are providing more hope than ever before, giving patients and their families more meaningful time together.” MacKenzie Rollison Vice President of Las … [Read more...] about The Last Word
Commentary: The Consequences for Nevada this Election
Sam Mirejovsky Practicing Attorney and Host of "What's Right Show" on News/Talk 840 KXNT Elections have consequences. We are constantly reminded that Nevada is a swing state. We’re told that we Nevadans could determine the outcome of the November election – from the Presidency to the balance of power in the Senate, and possibly even control the House. But in all the … [Read more...] about Commentary: The Consequences for Nevada this Election
Trailblazing PhilanthropyMoonridge Group’s Philanthropy Leaders’ Summit
On September 20th of this year, the Moonridge Group Hosted its 13th annual Philanthropy Leaders’ Summit statewide in Nevada. The theme of this year's event was "Where the Future of Giving is Going" and speakers included singer and philanthropist Shania Twain, chef Aarón Sánchez, a philanthropist and judge on "Master Chef". Pumam Mathur and Staci Alonso served as mistress of … [Read more...] about Trailblazing Philanthropy
Legal OpinionsExpert Knowledge for Nevada Business Leaders
Legal knowledge is worth its weight in gold, and rarely free. Legal Opinions has compiled a host of attorneys, experts in their field, to provide information and resources on a variety of topics. Nevada Business Magazine has been publishing this feature since 2014. Articles in the 2024 edition of Legal Opinions offer advice to business owners and executives on issues directly … [Read more...] about Legal Opinions
The Burden of Occupational Licensing in NevadaBreaking Through the Barriers to Unlock Opportunity
Let’s get real for a second: Imagine you have spent years perfecting your craft—whether as a hairdresser, a carpenter, or a massage therapist—and you are finally ready to step out on your own and start making your dream career a reality. But here is the problem—Nevada’s licensing requirements throw up some serious roadblocks before you even can take that first step, In … [Read more...] about The Burden of Occupational Licensing in Nevada
Denette SuddethFace to Face
Regional President and Head of Commercial Banking PNC Bank Type of Business: Bank Based in: Las Vegas, NV Hails from: Rialto, CA Years Org. has been in Nevada: 10 Years with Organization in Nevada: 2+ Employees in NV (approx.): 100 How Did You Get into Your Profession? I graduated from UNLV with a managerial finance degree. After graduation, I was hired into a … [Read more...] about Denette Suddeth
Around the StateOctober 2024
NV Energy Transmission Line Approved A $4.2 billion, 350-mile transmission line between Las Vegas and Reno has been approved by the U.S. Department of the Interior. A NV Energy project, Greenlink West will run from Las Vegas to Yerington and could transmit as much of 4,000 megawatts of clean energy. This would be enough to power 4.8 million homes. Construction is set to begin … [Read more...] about Around the State
ReD ReportRetail Summary: Second Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial The Washoe County retail market continues to remain strong as it has throughout previous quarters. Reaching $54,824,280 in transaction volume, there was a slight uptick compared to Q1 2024. Retail vacancies maintain historic lows, signifying that there is much demand with lessening supply. Similar to last quarter, … [Read more...] about ReD Report
Business IndicatorsOctober 2024
The second estimate for U.S. gross domestic product (GDP) for 2024Q2 rose to a 3.0 percent annual rate -- a 0.2 percent increase from the advanced estimate, driven by an upward revision in consumer spending. The revision was partly offset by downward revisions to private inventory investment, residential and nonresidential fixed investment, and government spending. A surge in … [Read more...] about Business Indicators
The Last WordWhat is your favorite season in Nevada?
Christopher McGarey 2024 President Commercial Alliance Las Vegas (CALV) “Fall is my favorite season in Nevada. The weather in Las Vegas is as good as it gets and there are some great events to attend, including our annual CALV Educational Symposium for local real estate professionals.” Ashley Fawcett Area Director of Marketing Simon Property Group “Fall is hands … [Read more...] about The Last Word
Nevada’s Power PlayA Brighter Tomorrow through Business Regulations
By Nevada Policy Staff The constant barrage of news about political leaders fighting for the most powerful positions in the world underscores their crucial role in shaping laws that support innovation, competition, and economic freedom. Leadership at every level, from federal to state government, influences how our businesses operate, from burgeoning conglomerates to the … [Read more...] about Nevada’s Power Play
Blake D. Carter, P.E.
Founder Westex Consulting Engineers Type of Business: Engineering Firm, Geotechnical, Special Inspection & Material Testing Based in: Reno, NV Hails from: The Woodlands, TX Years Org. has been in Nevada: 4 Years with Organization in Nevada: 4 Employees in NV: 30 How did you get into your profession? My uncle offered for me to move to Reno and attend the … [Read more...] about Blake D. Carter, P.E.
Office SummarySecond Quarter 2024
Northern Nevada By Bob Shanahan, Colliers | RENO Reno's office market exhibited resilience in Q2 2024 despite its highest occupancy losses since 2020. The vacancy rate increased slightly to 10.9 percent, driven by several vacancies, yet it remained below the five-year average, highlighting the market's stability. The State of Nevada's substantial leasing activity, including … [Read more...] about Office Summary
Business IndicatorsSeptember 2024
The advance estimate for U.S. gross domestic product (GDP) for 2024Q2 experienced unexpected robust growth at a 2.8 percent annual rate, twice the 1.4 percent in the previous quarter. The analysis of the components suggests a robust economy with strong consumer spending, private inventory investment, and nonresidential fixed investment. A surge in imports and a downturn in … [Read more...] about Business Indicators