"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 business
EntitlementsWho Knew?
Who knew entitlements and zoning could be so fascinating? As cities sprawl and skyscrapers gaze across the masses, each park with barking dogs and running children, every industrial complex with the makings of tomorrow’s packages, and every home where mothers hum lullabies all begin with entitlements and zoning. An entitlement is the process of obtaining a … [Read more...] about Entitlements
MVPSandra Douglass Morgan
President, Las Vegas Raiders League/Sport: FootballTeam's Inaugural Season: 1960Executive Joined Team In: 2022Location: Las VegasExecutive Hometown: Las Vegas 320 Full Time Employees570 Part Time Employees*Not Including Players What words do you live by? "What you are expecting determines whether you will or will not be able to see the … [Read more...] about MVP
Kyle Rea
President of the Board of Directors NAIOP Northern Nevada and Chief Operating Officer Tolles Development Type of Business: Commercial Real Estate DevelopmentBased: RenoHails from: Reno Years Org. has been in Nevada: 7Years with Organization in Nevada: 7Employees in NV: 15 How did you get into your profession? My journey into the real estate industry began with a … [Read more...] about Kyle Rea
Nevada Legislative UpdateThe 82nd Session
In 1964, the Beatles sang “(Money) Can’t Buy Me Love” – the 82nd session of the Nevada Legislature proved that the Beatles were definitely right. Newly-elected Governor Joe Lombardo (R) and a legislature controlled in both houses by Democrats, began the legislative session with the largest budget surplus on record. At the December meeting, the Economic Forum … [Read more...] about Nevada Legislative Update
Tourism in NevadaThe Wealth of a State
“We’ve seen a lot of diversification in the economy throughout the state over the last ten to fifteen years,” said Ben McDonald, senior director of communications and public affairs with the Reno-Sparks Convention and Visitor’s Authority. “It’s created a much healthier, vibrant and sustainable economy for the state. But, tourism is still the number one driver for the economy … [Read more...] about Tourism in Nevada
Space Available?Update on Land in Nevada
Nevada has seen tremendous growth in the past two years with more than 150,000 people becoming Nevadans. As more and more people move into the state it has caused industrial developers to see increased opportunity. More than half of Nevada’s land belongs to the state and is managed by the Bureau of Land Management (BLM). But, in the last decade that amount has gone from 87 … [Read more...] about Space Available?
Top Rank Attorneys2023
Top Rank Attorneys (formerly known as Legal Elite) has been featured in Nevada Business Magazine since 2007. The list is comprised of respected attorneys across the state who are voted for inclusion by their peers. Polling for Top Rank began in mid-February of this year and several thousand nominations were submitted. Each attorney that made it on the list not … [Read more...] about Top Rank Attorneys
Charter SchoolsA Voice and a Choice
Since charter schools emerged in the 90s, legislators, educators, parents and communities across the state of Nevada have been working together to ensure student access to a personalized education. And, data suggests that what they are doing is working. What is a Charter? Charters are a concept which dates back centuries. Dr. Kimberly Regan, CEO and founder of … [Read more...] about Charter Schools
Nevada Governor’s Office of Economic DevelopmentThe Transformation of Nevada
In April of 2020, with all nonessential businesses closed, unemployment in southern Nevada stood at just over 31 percent; in northern Nevada it was more than 18 percent. By December 2020 Las Vegas had dropped to 12.2 percent and Reno to 5.8. Put simply, that is the effect of diversifying the economy, a process that Nevada’s development authorities have built on experience from … [Read more...] about Nevada Governor’s Office of Economic Development
Redefining MoneyIt’s About Government Control
In March of this year, Assemblywoman Shea Backus introduced Assembly Bill 231 (AB231) which proposes updates to The Uniform Commercial Code (UCC). Those “updates” include a change to the definition of money. The bill proposes that money be defined as, “a medium of exchange that is currently authorized or adopted by a domestic or foreign government. The term includes a … [Read more...] about Redefining Money
Power Poll 2023The Roller Coaster Economy
It’s been 20 years since the first “Power Poll” survey was sent to Nevada executives and the world looks very different than it did at the turn of the century. Nevada’s economy wasn’t quite as diversified, the population was growing at a record rate and the state’s housing crisis was just on the horizon. A crystal ball may have helped the Silver State avoid some of the more … [Read more...] about Power Poll 2023
Investing in NevadaUncertain Investments, Potential Payoffs
"Overall, we're in a very fearful time, very uncertain, and people tend to get very concerned and uneasy [about investments] because it's about their future," said Brian Loy, CFA, CFP, Wealthspire Advisors. "Money is emotional. As much as we want to be rational beings and make smart business decisions, at the end of the day, it's emotional." Where Investors Are Parking Their … [Read more...] about Investing in Nevada
Entertainment VenuesAdding Hosting to Tourism
For much of Nevada’s history, the state has been a tourist destination. From the time Virginia City was an internationally known hot spot to the modern global sensation that is Las Vegas, visitors have flocked to the Silver State to take in its entertainment. Now, as the COVID-19 pandemic relinquishes its squeeze on tourism across the globe, Nevada’s prime economic driver is … [Read more...] about Entertainment Venues
Now Is Not the Time To Raise TaxesSqueezing Water From Stone
A bill in for consideration at the Nevada Legislature, SB96, would raise the annual cap on property taxes. The bill was introduced by the Senate Committee on Revenue and Economic Development and presented by Senator Dina Neal (D). With Nevadans struggling to feed their families and many businesses barely meeting payroll, now is not the time to raise taxes. Currently, there … [Read more...] about Now Is Not the Time To Raise Taxes