From its earliest days, Nevada has been known for mining. Dubbed the “Silver State”, mining is a legacy industry that has kept the state prosperous over the past century and longer. The discovery of the Comstock Lode in Nevada’s Virginia Range in 1859 set the course for statehood while fueling innovation and economic development. Today, mining in Nevada is at the … [Read more...] about The New Era of Mining in America
Tom Burns
Sustainable Intelligent GrowthEconomic Development In Nevada
The State of Nevada, through the Governor’s Office of Economic Development (GOED), offers a variety of tax abatements to encourage companies to either start up in Nevada or move here from another state. According to the GOED website, “Tax abatements are a reduction of taxes granted by a government entity to a company for a specific period to encourage economic development. … [Read more...] about Sustainable Intelligent Growth
Industry FocusState Leadership
Nevada is in a unique position. While the Silver State has always boasted a business-friendly environment, tourism serves as the backbone of its economy. But, with recent reports of significant declines in Nevada’s tourism industry, which contributes significantly to the state's coffers, state leaders are working harder than ever to diversify Nevada’s economy. This … [Read more...] about Industry Focus
Hollywood 2.0What’s Ahead for Nevada’s Film Industry?
Nevada locales have been featured in movies for many years – from the Landmark implosion in "Mars Attacks", to the Reno Arch in "Sister Act" and Lake Tahoe as the final resting place of Fredo Corleone in "The Godfather, Part II". Television shows like "Reno 911" and the original "CSI" series are set in Nevada, but most of what viewers see on the screen has actually … [Read more...] about Hollywood 2.0
Workforce Development is Economic DevelopmentWorkforce Connections’ Role in Nevada’s Growth
Economic development is intrinsically connected to workforce. This truth is recognized by leaders in a region that has spent several decades working to diversify its economy and grow in a healthy, holistic way. An integral part of that solution is Workforce Connections, one of two Nevada local workforce development boards charged with the mission of fostering a workforce that … [Read more...] about Workforce Development is Economic Development
GOEDInnovation and the Entrepreneurial Space
“GOED is actively building an electric, innovative and connected Nevada future,” said Tom Burns, executive director at the Nevada Governor’s Office of Economic Development (GOED). “We certainly recognize the contributions mining and hospitality have made to the state. But we take advantage of building and expanding other sectors by bringing companies into Nevada. As new … [Read more...] about GOED
Industry FocusEconomic Development
Relatively speaking, Nevada’s economy is in its infancy. And despite success in gaming, tourism and entertainment, the Silver State’s economic development faces numerous challenges. Recently, economic specialists met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the current and future economy of Nevada including its lack of funding, a missing … [Read more...] about Industry Focus
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
Industry FocusBusiness Insurance
It’s no risk to say business insurance is a complicated industry. And those in the industry are going through some of the same issues as their counterparts in other fields, including staffing shortages and lingering COVID-related problems. Regardless, executives, who recently met in a hybrid online and in-person roundtable to discuss these issues, are optimistic about what’s to … [Read more...] about Industry Focus