In the dynamic tapestry of Northern Nevada's economic landscape, 2023 proved to be a year of both triumphs and challenges, as highlighted in the recent State of the Economy address by the Economic Development Authority of Western Nevada (EDAWN). Held at the Peppermill Resort Spa Casino, this annual gathering brought together investors, businesses, and community stakeholders to reflect on the region's progress and chart a course for the future.

Consumer Confidence and Economic Realities

Brian Gordon, principal of the Las Vegas-based economic research firm Applied Analysis, shed light on the intricate interplay between consumer perceptions and economic realities. Despite a robust median household income surpassing $75,000 nationally, Gordon

The Dickson Realty Economic Summit this month brought together regional experts and real estate agents to discuss the Nevada real estate market. Around 200 agents attended the event at the Nevada Museum of Art and the company’s top team members were also honored.

“The Economic Summit has become part of Dickson Realty’s DNA and culture,” said Nancy Fennell, Dickson Realty CEO and owner. “The information agents take away from the event helps them help their buyers and sellers navigate the market and build strong relationships and a stronger community.”

The summit featured speakers who explored how local and national factors impact the housing market and regional economy. What will 2023 bring? The market in Northern Nevada is strong amongst

Nevada is leading the charge across the nation for payroll growth as the United States economy begins to recover from the COVID-19 pandemic. The biggest resurgence nationwide, the Silver State has posted a year-over-year growth of just under 30% according to an analysis by insurance tech company Huckleberry.

Growth in Nevada was double the rate of second-place Maryland (15%) and more than three times the growth of third-place North Carolina (8%).

Payroll growth is defined as the increases in average wage and salaries, and a factor typically considered to be a good indicator for recovery and business confidence. Nevada also jumped up its insurance policy growth by a whopping 165%.

“Nevada had the biggest bounce we’re seeing in terms of

The number of visitors to the Reno-Sparks and Washoe County regions over the past year has topped the 5 million mark for the first time since 2007.

What caused the increased visitation for fiscal year 2017? The Reno-Sparks Convention and Visitors Authority and area policymakers have a few ideas. The U.S. economy is stronger than ever, and this has led to a renewed push to market the Reno-Tahoe Area, plus all of the buzz from the arrival of high-profile tech companies including Apple, Google and Tesla.

In 2002, this region was in the midst of an economic boom that tracked nearly 5.7 million tourists. The housing bubble popped five years later when the recession hit and tourism fell as expected. Visitor counts fell by nearly a quarter to as low as