As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...] about A Developing State: Growing Economy Encourages New Projects
Governor's Office of Economic Development
A Future of Change: Economic Development
Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and vulnerable economy built on … [Read more...] about A Future of Change: Economic Development
Connecting the Dots: Nevada’s Place in the Global Economy
Ninety-six percent of the world’s population lives outside the U.S. Yet only 1 percent of American businesses export their products and services. In countries like Germany and Japan, some 40 to 60 percent of GDP is in export. Still, our 1 percent translates to trillions of dollars coming into the U.S. economy, according to Randy Innis, chair, Nevada District Export … [Read more...] about Connecting the Dots: Nevada’s Place in the Global Economy
Builders and Developers: Bullish on Nevada
Nevada’s skyline is once again changing. Commercial real estate, which saw many projects stalled mid-recession, is finally moving: contractors are hiring and builders are returning. But is there activity across the board in all industry sectors – industrial, office, retail, mixed-use – or are some moving faster than others? Does it spell recovery? Or another boom and bust … [Read more...] about Builders and Developers: Bullish on Nevada
Industry Focus: Education
From kindergarten to college graduation, Nevada’s education system has overcome a multitude of hurdles in recent years. Even so, the system still has a long way to go. Coming together to discuss issues Nevada faces in regards to education, a combination of business leaders, economic development resources and leaders in education recently met at the Las Vegas offices of Cox … [Read more...] about Industry Focus: Education
Finding our Niche: Distribution Centers in Nevada
In an effort to diversify Nevada’s economy away from over reliance on travel and tourism, hospitality and gaming, economic development authorities throughout the state continue to work to find the perfect industries for Nevada’s business-friendly tax climate, wide-open spaces, multi-modal transportation systems and easy access to the 11 western states. In 2011, the … [Read more...] about Finding our Niche: Distribution Centers in Nevada
Industry Focus: Alternative Energy
Nevada’s alternative energy sector has seen a plethora of hills and valleys in recent years. From federal funding challenges to educating the general populace about alternative energy, the sector has seen its share of challenges. Recently, executives representing various alternative energy interests throughout the state met at the Reno offices of City National Bank to discuss … [Read more...] about Industry Focus: Alternative Energy
Nevada Industry Excellence: Manufacturing
With manufacturing suffering nationally along with the rest of American business, it is largely thriving here in Nevada. The engine has been a combination of factors – from legislative miscues in California and a strong Nevada workforce and overall business climate to the relatively low price of land and facilities, an available and affordable workforce, savvy strategy and … [Read more...] about Nevada Industry Excellence: Manufacturing
Rural Nevada: Unique Opportunities in Unique Communities
The answer to how to succeed in business without really trying is not as complex as you may think. Business owners should tune their ears in to what is happening in rural Nevada. They may be pleasantly surprised at all they will learn ranging from the mining boom in Elko to the interesting products that are made in Nevada. “Every rural community in Nevada is unique in character … [Read more...] about Rural Nevada: Unique Opportunities in Unique Communities
The Logistics of Economic Recovery: The Distribution Industry in Nevada
That big-box warehouse down the street may not be the prettiest feature of the Nevada landscape surrounding you, but next time you’re driving past it, consider this: It, and other facilities like it, might just save the state’s struggling economy. Nevada is poised to become a major distribution center in the West. According to a 2011 study commissioned by the State of … [Read more...] about The Logistics of Economic Recovery: The Distribution Industry in Nevada
March 2012: Around the State
Governor to Head Trade Mission to Israel The Governor’s Office of Economic Development has announced that Governor Brian Sandoval will lead a Nevada trade mission to Israel in mid-May. The trade mission will include opportunities to discuss the technologies that Nevada and Israel are pursuing to expand their water supplies for residential and commercial needs. Other areas of … [Read more...] about March 2012: Around the State