The heart of L a s Vegas ’ success is an entrepreneurial spirit—we see new markets and seize them; we see opportunities to do things bigger and better and take the risk that others dare not. Today, cranes, steel, glass and lights adorn the Las Vegas skyline. The more than $20 billion in mega-projects garner […]
Tesla’s move into Nevada was predicated on promises. The promise to invest $5 billion in a first-of-its-kind advanced manufacturing facility. The promise to create 6,500 new jobs in a state that desperately needed them. The promise of jump-starting a new era of economic development that was driven by technology and innovation. Today, more than four […]
For the uninitiated, the legal system can be stressful, intimidating and confusing. Thankfully, for most of us, a trip to the courtroom is a rare occurrence, and we can rely on the network of trained and experienced lawyers in Southern Nevada to shepherd us through the legal labyrinth. But for hundreds of thousands of our […]
The typical worker holds 12 jobs between the ages of 18 and 50. And, while there is some evidence that this number is rising, the U.S. Bureau of Labor Statistics reports that an average worker has been at their current job for 5.0 years, only slightly lower than the 5.1 years reported in 2008. Moreover, in 2018, 33 percent of workers reported having […]
Earlier this month, the Nevada Department of Employment, Training and Rehabilitation issued a press release reporting that initial unemployment insurance claims fell to a record low of 11,950 in December. Initial claims data represent the number of people filing for employment benefits for the first time—a general indicator of how the economy is performing. The […]
The Boyd School of Law opened in 1998, but the path to its creation began nearly three decades earlier with a feasibility study in 1972. No proposal moved forward at the time, and two more feasibility studies would come and go by the mid-1990s, when Nevada and Alaska remained the only states without an accredited law school within their borders. We […]
Governor Brian Sandoval became Nevada’s 29th Governor on January 3, 2011. After eight years in office, the Sandoval era will come to an end when Governor-elect Steve Sisolak is inaugurated on January 7, 2019—a transition that will inevitably be accompanied by a debate over the Governor’s legacy. From an economic perspective, this debate should be brief and one-sided, as Brian Sandoval rightly takes […]
More than 60 years ago, the resorts along the dusty two-lane Las Vegas Strip had a problem. Business was booming during the warm summer weekends, but during mid-week and off-season periods, the number of hotel rooms far outnumbered the guests. Seeking to boost visitor counts during these slow times, a group of civic and business leaders developed a plan to publicly finance […]
The stream of positive economic news continues to be steady, and welcome. In May of 2018, the current U.S. economic expansion became the second-longest on record, and Nevada’s growth is among the best in the nation. The state’s unemployment rate is falling. Its incomes are rising. Its population is booming, and its home prices are […]
School is back in session across Southern Nevada, and students are headed back to campus to greet new teachers, meet new friends and face new academic challenges. Too often, the dialogue around our public schools focuses on the challenges incumbent in educating a diverse population of 324,000 students in the nation’s fifth-largest school district, neglecting the notable successes of the schools, students […]
A resurgence of the local housing market has led to some mixed emotions for Southern Nevada residents. Higher prices translate into more equity for homeowners. In fact, every 1 percent increase in housing prices translates into $1.2 billion in new or recovered equity for the valley’s single-family residential homeowners. According to the Federal Housing Finance Agency’s most recent report, the Las Vegas metropolitan […]
When tickets for “Hamilton” went on sale in April, hundreds of people lined up around The Smith Center for the Performing Arts for the chance to see the smash-hit Broadway musical. Within hours, most of the 63,000 tickets for the four-week run were sold out. The runaway success of “Hamilton” in Southern Nevada is […]
I am generally of the belief that there are two groups of people in the world: those who are building robots and those who are being replaced by them. Autonomy, artificial intelligence (AI), and what is commonly referred to as the Internet of Things (IoT) are changing the way we live and the way we […]
Why is it that Las Vegas attracts so much investment? The answer is simple. Forty-two million visitors will spend more than $34 billion in Las Vegas in 2018. Every one of those dollars is discretionary, and the intense competition to capture them drives innovation and investment. We rebuild, and we rebrand; we construct the […]
Maybe it’s the sight of a new construction project on a long-dormant desert parcel, or the seemingly busier than a usual shopping center, or seeing California license plates everywhere you look. Throughout our day-to-day lives, there are signs that Nevada has returned to a period of economic growth and opportunity. The state’s new era of […]
