The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted 31.4 percent at an annual rate, slightly better than the second estimate of a 31.7 percent annual contraction. The small upward revision reflected a smaller decline in consumer spending, which was partly offset by larger-than-expected decrease in exports and nonresidential … [Read more...] about Business Indicators
COVID-19
Statewide Dental Organizations Host Webinar During Dental Hygiene Awareness Month
Due to the COVID-19 pandemic, programs and services developed to provide dental care to at-risk populations were suddenly halted and dentists offices closed for non-emergency treatment. However, as services continue to reopen throughout the state, a growing divide has arisen for those who are unable to seek dental services or those uncomfortable visiting a dentist’s office due … [Read more...] about Statewide Dental Organizations Host Webinar During Dental Hygiene Awareness Month
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
Architects & EngineersRebounds and Changes
Like roadsters cruising across the desert at 80-something mph, Nevada’s architectural and engineering firms slammed hard on the brakes when the COVID-19 pandemic threw up a roadblock last spring. Now that traffic is moving again, some lanes are moving faster than others. Business is recovering at most firms, but executives don’t expect a full recovery until … [Read more...] about Architects & Engineers
Which ‘Emergency Orders’ Should We Just Start Ignoring?
At what point do government mandates become so absurd and arbitrary, that it is socially acceptable to start ignoring them outright? Well, if governors keep acting the way they have throughout the coronavirus crisis, we might soon find out. From the beginning, the response to the pandemic has been a dramatic demonstration of just how capricious and arrogant politicians can … [Read more...] about Which ‘Emergency Orders’ Should We Just Start Ignoring?
Commercial RE ReportRetail Summary: Second Quarter 2020
Northern Nevada By Dickson Commercial Group At the start of 2020, employment growth in Reno was among the highest in the nation. Due to COVID-19, the shutdown of many non-essential retailers has caused an impact on this growth. The Nevada Department of Employment, Training and Rehabilitation (DETR) says the state’s overall unemployment rate was at the highest in the … [Read more...] about Commercial RE Report
Business IndicatorsOctober 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plunged by 31.7 percent at an annual rate, slightly better than the advance estimate of a 32.9 percent annual contraction. The upward revision reflected smaller declines in private inventory investment and personal consumption expenditure than previously thought. Overall, the … [Read more...] about Business Indicators
Connected Commerce Council to Host Virtual Press Conference on New Research Report: “Digitally Driven: U.S. Small Businesses Find a Digital Safety Net During COVID-19 ”
The Connected Commerce Council (3C) will host a virtual press conference on Thursday, September 10, 2020, at 3:00 pm EST to discuss a new report on U.S. small businesses, “Digitally Driven: U.S. Small Businesses Find a Digital Safety Net During COVID-19.” 3C President Jake Ward will discuss the results which confirm that small businesses using more digital tools, … [Read more...] about Connected Commerce Council to Host Virtual Press Conference on New Research Report: “Digitally Driven: U.S. Small Businesses Find a Digital Safety Net During COVID-19 ”
OPD5 to Resume Suspending Power Service for Those Who Haven’t Paid
OVERTON, Nevada - After implementing several customer service policy changes in March due to COVID-19 closures, OPD5 announced that it will resume its previous policy of disconnecting customers who haven’t paid their power bills starting on Monday, Oct. 5. In March, OPD5 temporarily closed public access to its offices and facilities. Out of concern for the health, … [Read more...] about OPD5 to Resume Suspending Power Service for Those Who Haven’t Paid
Private Education in NevadaOperational Changes
Parents in the U.S. have the right to choose the best form of education for their children. Choices include public and private schools, religious-affiliated and independent schools. According to the Nevada Department of Education (DOE), northern Nevada has 39 private schools with 4,012 students attending. Southern Nevada has 90 with 15,473 students enrolled. The student to … [Read more...] about Private Education in Nevada
Commercial Builders in NevadaWeathering the Storm
Nevada’s commercial builders — the companies that build about everything except single-family houses — weathered the first months of the COVID-19 pandemic in passably good shape. But, questions linger about how well the industry will fare if the state’s economy remains weak into the early days of next year. After some bumps during the worst of the pandemic’s early days, most … [Read more...] about Commercial Builders in Nevada
Businesses Need to Take Precautions from Cyberattacks While Employees Work Remotely
The year 2020 has led to unprecedented times for business in Nevada, with thousands of employees working remotely due to the COVID-19 pandemic. Initially, many believed the health and economic turmoil might be temporary, but as case numbers continue to rise, a growing number of companies will have to adapt to working remotely for the foreseeable future. During these times, … [Read more...] about Businesses Need to Take Precautions from Cyberattacks While Employees Work Remotely
Commercial RE ReportOffice Summary: Second Quarter 2020
Northern Nevada By Colliers Reno Reno/Sparks saw office vacancy decrease in the second quarter of 2020, perhaps defying the expectations of some observers. Office vacancy decreased to 9.4 percent in the second quarter, from 10 percent in the first quarter of 2020. The average asking rate for office space decreased to $1.83 per square foot on a full service gross … [Read more...] about Commercial RE Report
Business IndicatorsSeptember 2020
The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted by 32.9 percent at an annual rate. The substantial contraction in real GDP reflected “stay-at-home” orders to contain COVID-19. Specifically, decreases in consumer spending, nonresidential and residential fixed investment, state and local government spending and private … [Read more...] about Business Indicators
Nevada State College Receives $50,000 Donation From Gene Haas Foundation
HENDERSON – Nevada State College announced they received a $50,000 donation from the Gene Haas Foundation, a philanthropic organization within Haas Automotive. Known as the largest tool builder in the western world, Haas Automotive is opening a manufacturing facility in West Henderson. The donation was designated to help students through the impact of COVID-19 – be it the … [Read more...] about Nevada State College Receives $50,000 Donation From Gene Haas Foundation