February 2020: Nevada’s economy was at a peak. Unemployment stood at 3.6 percent. The state led the nation in new job creation. March 2020: Governor Sisolak ordered all nonessential businesses to close and Nevada entered the worst recession since 2008. In two months, 280,000 Nevadans lost jobs. The COVID-19 recession was a faster, larger drop than the Great Recession, … [Read more...] about Economic Forecast 2021
Features
Industry FocusHealthcare
Overburdened with COVID-19 cases, healthcare in Nevada is experiencing one of its most challenging years in history. Leaders in healthcare have been committed to finding solutions to the industry’s most pressing issues and the pandemic has prompted innovation in the field. Recently, healthcare executives across Nevada met in a virtual roundtable, sponsored by City National … [Read more...] about Industry Focus
Time & SpaceArchitectural Design Trends
Architecture may be all about space — the creation of spaces, the blending of the built environment with the natural environment — but it’s often about time, too. As Nevada’s architectural professionals look forward to the evolution of design trends in 2021, they see lots of indications that the dramatically changing times in which we find ourselves will shape the … [Read more...] about Time & Space
It’s time to ChooseThe Economy Versus COVID-19
Over the last eight months, COVID-19 has been brought into sharp focus for most of us. I know people that have caught the virus and have seen the effect it has on them. It’s certainly not something anyone should be taking lightly. The advice on how to protect yourself and others is solid: social distance, mask up, isolate if you’re high risk and avoid people that are sick. It’s … [Read more...] about It’s time to Choose
Making ConnectionsCommunications in Nevada
When the COVID-19 quarantine closed nonessential businesses, Nevada employers, used to traditional businesses with staff working on the jobsite, found themselves, overnight, with remote workers. Along with that, there was a sudden need for technology to support communications between employees, employers, and the technology they rely on. Communications during the … [Read more...] about Making Connections
Daunting ChallengesMedical Education in Nevada
Learning that their state continues to provide far too few doctors, nurses and other medical professionals to serve its fast-growing population, Nevadans sometimes ask Debera Thomas why she doesn’t simply add more classes at the Orvis School of Nursing at the University of Nevada, Reno. If only it were so easy. Thomas, dean of the Orvis School, and her peers in medical … [Read more...] about Daunting Challenges
Industry FocusAttorneys
Nevada attorneys are at the forefront of many issues, from litigating court cases to helping businesses navigate these trying times. Recently, attorneys across the Silver State met in a virtual roundtable, sponsored by City National Bank, to discuss their industry and what the future holds. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as … [Read more...] about Industry Focus
Luxury DemandOpulent Homes Selling in Nevada
Recently, a home in MacDonald Highlands in Henderson sold for $5.35 million. While significantly higher than the median sale price, it’s representative of a typical transaction these days, according to real estate brokers and developers in Nevada. What was unusual about this particular deal was that the 80-year-old retiree in Florida who purchased the home conducted the … [Read more...] about Luxury Demand
Cyber SecurityKeeping Your Business Safe
An issue that will only become more prevalent moving into the future, cybersecurity is something that affects everyone. From the grandfather that sends his social security check to a “prince” in Nigeria, to the CEO who finds her proprietary data held hostage by a cyber thief, no one is immune to online threats and scams. Business owners need to be especially careful as they … [Read more...] about Cyber Security
A Win for TaxpayersDistrict Court Upholds Nevada Constitution
You may recall, during Nevada’s Legislative Session last year, two bills were passed that extended taxes that were scheduled to sunset. What makes these two bills unique is that they both were unlawfully passed. The Nevada Constitution requires a two-third supermajority of both houses to pass any tax increase. While Democrats had a supermajority in the Assembly, they were one … [Read more...] about A Win for Taxpayers
The Possibilities of Rural NevadaEconomics Before, During and After the Pandemic
According to the U.S. Census, places with populations greater than 2,500 and less than 50,000 are deemed rural. Based on information from the last Census, in 2010 Nevada ranked third in states that had the largest rural populations. Nevada’s rural population made up 5.8 percent of the whole. Rural Nevada often doesn’t get as much media attention as metro counties Clark and … [Read more...] about The Possibilities of Rural Nevada
Qualified Borrowers WantedCredit Unions Focus on Lending
Even the owner of the tiniest shop knows this feeling: The shelves are full of brand-new inventory, but buyers are slow to take advantage, even after some aggressive price-cutting. Credit unions across Nevada find themselves in a similar boat these days. Inventory, which for them is money available to loan, has been pouring into credit unions for the past six months as … [Read more...] about Qualified Borrowers Wanted
Industry FocusEducation
Education in Nevada right now is going through a trial by fire as teachers and administrators try to find the best way to continue teaching amidst a pandemic. From distance learning to increased gaps in student needs, 2020 has been a challenging year for educators. Recently, leaders in education met in a virtual roundtable, sponsored by City National Bank, to discuss their … [Read more...] about Industry Focus
NAIOP Southern Nevada 2020 “Shed Some Light” Virtual Bus Tour
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2020 Bus Tour (Virtual) Event. What a year 2020 has been! We know that everyone has felt some level of uncertainty in these unprecedented times, so we are pleased to be able to “Shed Some Light” on the current state of the Las Vegas commercial real estate market. Given the current environment, it … [Read more...] about NAIOP Southern Nevada 2020 “Shed Some Light” Virtual Bus Tour
Sisolak’s AgendaPartisan Politics at its Worst
Unfortunately, by now, I think we’ve all grown accustomed to partisan politics and amoral politicians using social issues to further their own political agenda. At no time has this practice been more prevalent, or more blatant, than in 2020. With a presidential election looming next month, it’s never been clearer that, when it comes to winning, many politicians will do whatever … [Read more...] about Sisolak’s Agenda