Nevada, a state where the spirit of enterprise once sparkled like gold flakes in clear water, now stands on the brink of a new dawn, one that seeks to challenge the time-tested pillars of commerce and independence: the emergence of Central Bank Digital Currency (CBDC). Much like the pioneers who once braved unknown territories, today, the winds of change, bearing the promises … [Read more...] about Nevada at Crossroads
Features
How Nevada Stacks Up2023
Much like the rest of the nation, Nevada has both strengths and weaknesses. Although hit hard during the recent pandemic, the Silver State now boasts a thriving travel and tourism industry and numbers that reflect a strong housing market. And for businesses looking to start up or relocate, Nevada shines with its tax friendly business environment and low energy costs. However, … [Read more...] about How Nevada Stacks Up
Upskilling NevadaA Look at the State’s Workforce Development Post-Pandemic
"Overall, Nevada's job market has been performing at a relatively strong pace post-pandemic," said Brian Gordon, principal, Applied Analysis. "The state continues to be near or at the top of the list in terms of overall growth performance nationwide. At the same time, Nevada has ranked atop the list in terms of the overall unemployment rate. So, Nevada is faced with this unique … [Read more...] about Upskilling Nevada
Game OnSporting Venues in Nevada
Since the 1940s Nevada has been synonymous with casinos and is often hailed as the entertainment capital of the world. For the longest time, this entertainment was marketed for adults, including combat sports such as boxing and the UFC. However, since the Vegas Golden Knights made their appearance in 2017 the landscape of Nevada sports has broadened significantly. In the last … [Read more...] about Game On
Industry FocusEconomic Development
Relatively speaking, Nevada’s economy is in its infancy. And despite success in gaming, tourism and entertainment, the Silver State’s economic development faces numerous challenges. Recently, economic specialists met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the current and future economy of Nevada including its lack of funding, a missing … [Read more...] about Industry Focus
EntitlementsWho Knew?
Who knew entitlements and zoning could be so fascinating? As cities sprawl and skyscrapers gaze across the masses, each park with barking dogs and running children, every industrial complex with the makings of tomorrow’s packages, and every home where mothers hum lullabies all begin with entitlements and zoning. An entitlement is the process of obtaining a … [Read more...] about Entitlements
Healthcare Heroes Southern Nevada2023
Corporate Sponsor OPTUM - Caring Where You Are Our community is only as healthy as the people who live here. That’s why Optum works tirelessly for the total health of our families, friends and neighbors. This care doesn’t just happen in physicians’ offices, but also by giving back – through volunteering, social advocacy, corporate giving, charity safety nets … [Read more...] about Healthcare Heroes Southern Nevada
The Illusion of SolarSubsidies an Increasing Strain on Taxpayers’ Wallets
“Nevada’s solar economy is booming,” according to claims by US Senator Catherine Cortez Masto (D-NV). She recently backed a bill that seeks to pour millions into the solar panel manufacturing sector. The proposed Reclaiming the Solar Supply Chain Act would offer more than $3 million in grants and loans over the next five years to bolster the production of solar … [Read more...] about The Illusion of Solar
Women to Watch 2023
Women leaders are unique in a number of ways. Facing challenges that differ significantly from their male counterparts, women in industry typically juggle an active family life with a busy business schedule. The women in the following pages put the "class" in the 2023 Class of Women to Watch. They are tenacious and powerful women who are leaders in their chosen … [Read more...] about Women to Watch 2023
Nevada Legislative UpdateThe 82nd Session
In 1964, the Beatles sang “(Money) Can’t Buy Me Love” – the 82nd session of the Nevada Legislature proved that the Beatles were definitely right. Newly-elected Governor Joe Lombardo (R) and a legislature controlled in both houses by Democrats, began the legislative session with the largest budget surplus on record. At the December meeting, the Economic Forum … [Read more...] about Nevada Legislative Update
Industry FocusArts & Culture
The arts and culture industry in Nevada is a growing one. And while the Silver State boasts many individual talented artists, the art community is establishing itself in ways never seen before in the state. However, art in Nevada is not without its challenges. When compared to more established states, the arts industry is fairly young in Nevada. The industry also is challenged … [Read more...] about Industry Focus
Home Sweet Custom HomesGrowing Nevada’s Custom Home Market
The luxury home market in Nevada faced a slowdown in 2022 as the Fed raised interest rates seven times during the year and the word "recession" was used too often for some buyer's comfort. Some developers didn't even want to call it a slowdown–it was more of a pause. Because even with an uncertain market, Nevada continues to grow, and Nevada's custom home market … [Read more...] about Home Sweet Custom Homes
Holding the LinePushing Back the Legislature
Nevada’s Legislative session ended last month and there were a number of bills that made it past the Democrat-controlled House and Senate that weren’t in the best interest of Nevadans. Fortunately, Governor Joe Lombardo held the line on his campaign promises and vetoed a record number of bills, 75 to be exact. The previous record was set by Governor Jim Gibbons in 2009 who … [Read more...] about Holding the Line
Tourism in NevadaThe Wealth of a State
“We’ve seen a lot of diversification in the economy throughout the state over the last ten to fifteen years,” said Ben McDonald, senior director of communications and public affairs with the Reno-Sparks Convention and Visitor’s Authority. “It’s created a much healthier, vibrant and sustainable economy for the state. But, tourism is still the number one driver for the economy … [Read more...] about Tourism in Nevada
Industry FocusBankers
From the recent COVID pandemic that resulted in a changed workforce, to rising interest rates and an overall lack of trust in the industry, bankers have had a front row seat to a dynamic market. These challenges have resulted in bankers becoming more focused and client centered. Recently, bankers met at a roundtable sponsored by City National Bank and held in Las Vegas to … [Read more...] about Industry Focus