A new year feels like a change, finishing one chapter and starting the next. Ordinarily there's a narrative that pulls everyone along, because most situations, events and circumstances don't change overnight. This time the change feels momentous. Individuals and industries want to predict what’s going to be familiar, and what's going to be completely changed. The Big … [Read more...] about Promises, Potential & Pitfalls
Applied Analysis
Most Respected Leaders2024
A leader is someone who commands a group or organization. A good leader is someone who is in command and communicates integrity and solid decision-making ability. A great leader is someone who has earned the respected of those they work with and the community they serve. The 2024 class of Most Respected Leaders consists of these great leaders. These men and women … [Read more...] about Most Respected Leaders
Game OnSports’ Impact on Nevada’s Economy
“Las Vegas has already earned the title of 'Entertainment Capital of the World', with a brand and narrative around the globe. Now we really have the substance to say we’re the 'Sports and Entertainment Capital of the World',” said Kerry Bubolz, president and COO of the Vegas Golden Knights. The 2023 Stanley Cup champion hockey team is one of three major league sports teams … [Read more...] about Game On
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
Nevada Workforce Evolving with Economy, Crucial to Development
The Nevada workforce is in a massive transition. Workforce development professionals in the state are working diligently to help usher in a new era of employees in Nevada, which will help continue the state’s economic diversification and self-reliance. “It’s a two-part story,” said Lisa Levine, executive director of the Governor’s Office of Workforce Innovation (GOWINN). … [Read more...] about Nevada Workforce Evolving with Economy, Crucial to Development
High-View LandscapesCommercial Real Estate Developments in Nevada
The economic climate in the United State, and the globe, is leaving many professionals scratching their heads. A lot of indicators suggest the economy might be slowing and could even be entering a recession. Those indicators, however, are telling a different story than a lot of previous economic downturns. Companies for instance are in desperate need of employees, … [Read more...] about High-View Landscapes
Economic Forecast 2022Nevada’s Economy Recovering – But Coronavirus Still Haunts State
Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined. The recovery was also assisted by employment recovering to pre-coronavirus levels in … [Read more...] about Economic Forecast 2022
Then & NowHenderson
It’s the second largest city in the state, one of the safest cities in the nation and has some of the best schools in southern Nevada. Fifteen minutes from the McCarran International Airport, and 30 minutes from the California border, Henderson is a great place for people and businesses to call home. Ten years ago, the City of Henderson was just coming out of the Great … [Read more...] about Then & Now
Around the StateApril 2021
Sand Reaches Agreement to Sell Las Vegas Property Las Vegas Sands Corp. has entered into definitive agreements to sell its Las Vegas real property and operations for approximately $6.25 billion. The Venetian Resort Las Vegas and the Sands Expo and Convention Center are both part of the agreement. Under the terms of the agreement, an affiliate of funds managed by Apollo Global … [Read more...] about Around the State
Economic Forecast 2021Recovery vs. Recession
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
Economic Development in the Time of COVID-19Diversify, Grow, Survive or Thrive
“Before March 2020, Nevada led the country in producing new jobs,” said Jonas Peterson, president and CEO, Las Vegas Global Economic Alliance (LVGEA). “Our economic development plan was working, and our economy was consistently becoming more diverse.” Across the state, manufacturing, logistics, distribution, technology and healthcare sectors were growing. In February, Nevada’s … [Read more...] about Economic Development in the Time of COVID-19
New BeginningsReinventing Nevada’s Workforce After Shutdown
On March 20, Governor Sisolak ordered all nonessential businesses to close as Nevada followed shutdown orders, attempting to slow the spread of COVID-19. Overnight, the travel and tourism engine shutdown. For the first time ever, casinos closed their doors. During the first week of shutdown, nearly 3.3 million Americans filed for unemployment benefits. The … [Read more...] about New Beginnings
Nevada State Bank Releases June Economic Briefing
WHO: Nevada State Bank in conjunction with local research firm, Applied Analysis. WHAT: The June Economic Briefing report delves into the future of Nevada’s economy, pointing out that while the COVID-19 virus remains active and likely will for the foreseeable future, the first month of broader … [Read more...] about Nevada State Bank Releases June Economic Briefing
Knowing WorthBusiness Valuation in Nevada
Even as the economy was cooling off coming out of the winter and stung by the effects of the spread of coronavirus, businesses are selling at record paces in Nevada. In northern Nevada, The Liberty Group is coming off its best year ever, owner and broker Brad Bottoset said. The great year in 2019 was coming off two prior years that had also set records and Bottoset felt more … [Read more...] about Knowing Worth
Economic ForecastBuilding on Nevada’s Strong Economy
As Governor Steve Sisolak looks at the state’s strong economic performance at the dawn of a new decade, he sees it well-positioned to make investments that will create jobs and wealth for years to come. Top economists expect Nevada’s strong performance will continue into the New Year and that optimism, Sisolak says, creates an opportunity to address long-term economic … [Read more...] about Economic Forecast