It’s the first thing companies ask when looking to locate or expand to Nevada. Before they ask about taxes or incentives, they ask about workforce. “We’re trying to attract companies based on the industries and target sectors we’re focused on,” explained Bob Potts, deputy director, Governor’s Office of Economic Development (GOED). “As we work with these companies, always at … [Read more...] about Governor’s Office of Economic Development
Department of Employment Training and Rehabilitation (DETR)
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
Industry FocusEmployment
Nevada’s employment landscape has been a roller coaster over the past decade. Dipping during the recession, employment saw a resurgence a few years ago only to experience new lows during the pandemic. Today the industry is dealing with retraining a workforce for the future and fraudulent unemployment claims, among other issues. Recently, executives from the employment industry … [Read more...] about Industry Focus
Taking StockEmployee Stock Ownership Plans
More companies nationwide are realizing the value of Employee Stock Ownership Plans (ESOPs) and how they benefit their business and their employees. ESOPs are a way for a business owner to transition the benefits of owning company stock to its employees. While ESOPs are popular in states with large populations like California, Texas and New York, and in states like … [Read more...] about Taking Stock
The Right Person for the Right Job
What Employers are Offering to Find the Right Employees In January 2000, when unemployment in Nevada stood at 3.8 percent, everyone who wanted a job was working. Retention was key for businesses and if the quality employees that employers wanted to retain requested bright orange walls and a slide in the lunchroom, or wanted to work flex-time hours, employers did what they … [Read more...] about The Right Person for the Right Job