New Tax Waiver Reporting Reqs, Nevada Jobs Overview, Business Wins and Losses, and More

A new accounting standard from GASB will require government officials to disclose the value of property, sales and income taxes that have been waived under agreements with companies or taxpayers. Nevada’s Tesla deal is mentioned in the story.
Nevada’s unemployment rate + new jobs and new worker numbers.
Every county in the nation ranked by desirable “natural amenities,” a USDA-created index consisting of measures of climate, topography, and water area. (Scroll over counties in the map to see rankings out of 3,111 counties. Douglas County, in Northern Nevada, is ranked 11th!)
Nevada retains high rank for home mortgage defaults.
The Sunday with a look at our fair southern city and state, by the numbers.
Toyota will reveal the first redesign of the Prius in nearly seven years in Las Vegas in September.
Northern Nevada’s boomtown welcomes a Boomchickapop manufacturing facility.
This GIF shows the shrinking water levels at Lake Mead 2000-2015.
The SLS Las Vegas continues to bleed cash.
 

Lists That Like Us

Lists That Like Us

Las Vegas made the list of top red-light running cities:
red light graph
 
And Zappos made another list for being fabulous.

The Economy

The RCG Economics Nevada by the Numbers blog reports on the latest median prices and sales numbers of Las Vegas homes and condos, two important economic indicators. Includes stats on short sales and cash sales, too.
HighTower Las Vegas Managing Director Adam Thurgood with an intelligent word on the trajectory of the Las Vegas housing market. Is it cooling? Click and learn.
In rankings of manufacturing jobs in cities, Vegas is 29th in large MSAs.
Reno is 9th in medium-sized MSAs.
The latest economic profiles – and well-being rankings – of Nevada’s kids. Policy makers, take note.
How the county you grow up in relates to income mobility with Clark County front and center.

Culture

Burning Man, Nevada’s best contribution to (counter) culture is kicking off in a couple of weeks, becoming (temporarily) the state’s third largest city.
The demographics of the so-called burners.

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Credit for top of page photo of car at red light: Flickr

Nevada-centric Links and Charts

Nevada was one of five states to win a Golden Shovel award for excellence in economic development efforts from Area Development. Plus…
Rankings of nearly 373 metro areas for job creation and sustainable economic development, also from Area Development, place Las Vegas and Reno-Sparks thusly (click on the graph to enlarge):
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Governor Sandoval and the Governor’s Office of Economic Development are on a two-week trade mission to Europe.
The Annie E. Casey Foundation ranks the states for child well-being. Nevada is a dismal #47.
Las Vegas is among the U.S. cities with the fastest-growing millennial population.
Xtreme Manufacturing is expanding its manufacturing and assembly operations in Southern Nevada. The aerial boom manufacturer will locate its new 170,000 square foot facility in Henderson and is expected to hire 87 people.
Barclaycard Services is adding 150 jobs at its Henderson facility. Expansion plans also include adding 54,000 square-feet with an $8.2 million capital investment at its Henderson campus.
A bill that easily passed the Legislature offers a partial abatement on property or sales and use taxes for companies that manufacture, assemble or service aviation parts. The Las Vegas Global Economic Alliance has details.
The price of getting married in Vegas just went up.
From the Nevada by the Numbers blog at RCG Economics, Nevada fared pretty well in the latest Bureau of Labor Statistics report.
The drunkest states during the summer.  We’re no. 2!
 

Travel & Entertainment News Round-Up

Macau’s downturn might be over; will it affect Nevada gaming?
The engine behind the World Series of Poker.
Nevada will now tax ticket sales for events and festivals like Burning Man and Electric Daisy Carnival.
Tropicana Las Vegas is the right asset at the right price.
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And ICYMI from an earlier edition of the Stat Pack:
Add the airport of the future to our Las Vegas wish list.
Clark County issued 400 film permits in 2014 compared to 343 in 2013 and 226 in 2010.
Competition for conventions heats up as 17 European nations band together to protect market share in the global meeting and convention business. (What happens in Vienna…?)
Still, the Top 100 Trade Shows in the U.S. include 38 that occur in Las Vegas.
Find the lowest gas prices in Las Vegas at VegasGasPrices.com and for Reno go here.

NEVADA BUSINESS NEWS – JUNE LINKAPALOOZA

To stay abreast of developments in private equity investment in Nevada and elsewhere, check outgrowtheconomy.org.
Nevada is near the top (i.e., bottom) of the list for African-American unemployment.
Great video of the Tesla gigafactory rising from the desert.
EDAWN has released its economic development strategic plan.
Nevada grew from 21st to 10th in the Kauffman Index of startup activity, according to EDAWN.
How big is Las Vegas’s middle class? Turns out, larger than in many other cities.
Nevada voters and other swing states have a very pessimistic economic outlook.
Nevada is thinking about phasing out its foreclosure mediation program.
Self-driving trucks are now being tested in Nevada before their planned implementation on Route 83.
 
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Got business news?
Email mpequeen@hightoweradvisors.com and we’ll put it in the next issue of The Stat Pack (space permitting).