For generations, Nevada’s economic engine has been fueled by the neon glow of the Strip, the conventions that fill our hotels and the gaming floors that have made us world famous. Tourism is, and has always been, our Ace card. But as with any hand, playing the same card over and over carries risk. The question Nevadans must ask is whether our state has bet too much on one … [Read more...] about Nevada’s Tourism Gamble
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How Nevada Stacks Up2021
Each year, Nevada Business Magazine compiles data comparing Nevada to other states and to U.S. averages. A big part of these annual exercises is tracking how the state responds to the ups and downs of economic cycles. However, assessing the damage done by the economic fallout of the COVID pandemic is rather like taking stock after a Category 5 hurricane. Although the sun is … [Read more...] about How Nevada Stacks Up
How Does Nevada Stack Up2020
How does Nevada Compare to Other States in 2020? In previous years, annual reports showed a state more susceptible to U.S. economic ups and downs than others. When times were good, millions of tourists brought their money to Nevada, and the numbers showed a prosperous state that often led the nation in growth, despite chronic concerns about low rankings for … [Read more...] about How Does Nevada Stack Up
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
Economic ForecastBuilding on Nevada’s Strong Economy
As Governor Steve Sisolak looks at the state’s strong economic performance at the dawn of a new decade, he sees it well-positioned to make investments that will create jobs and wealth for years to come. Top economists expect Nevada’s strong performance will continue into the New Year and that optimism, Sisolak says, creates an opportunity to address long-term economic … [Read more...] about Economic Forecast
How We Stack Up: The Climb Back to the Top
It wasn't that long ago that Nevada was ranked No. 1 in growth - a title it held for several years. We couldn't build houses, roads, schools or office complexes fast enough to accommodate all the people flocking here to cash in on the boom. Now, like the rest of the nation, the Silver State is struggling to emerge from a recession that turned these statistics upside down. … [Read more...] about How We Stack Up: The Climb Back to the Top
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
Tourism: Welcome Back
Nevada’s travel and tourism industry employs one-third of the state’s population. From hospitality to gaming and from the “What happens in Vegas Stays in Vegas” campaign to Northern Nevada being America’s Adventure Place, the Silver State has been promoted as a world class destination. At the same time, “diversify” has become the State’s battle cry over and over, with warnings … [Read more...] about Tourism: Welcome Back
Tourism: The Return to the Silver State
Tourism in the Silver State, which was hard hit during the peak of the recession, is improving, experts say. “I wouldn’t say it’s healthy, I wouldn’t say it’s recovered or robust. All of those would be an over-exaggeration,” said Jeremy Aguero, principal analyst with Applied Analysis, a Las Vegas-based consulting and advisory services company. As Nevada’s number one … [Read more...] about Tourism: The Return to the Silver State