AUGUST 9 2022 / ISSUE NO. 36 / ARCHIVE

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This Week’s Top Stories

The Mob Museum Acquires Adjacent Land for Expansion Plan

Courtesy of The Mob Museum

The Mob Museum announced it has purchased a nearly 30,000 SF parcel of land directly to its east on Stewart Ave. and N 4th St. for its expansion plan. It will build out facilities for administration, exhibitions, archives, education and entertainment programs and food and beverage facilities. More details will be announcing in coming months.

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Q&A: Alyson McCarthy, CEO of Ronald McDonald House Charities of Greater Las Vegas

Courtesy of Alyson McCarthy, CEO of Ronald McDonald House Charities of Greater Las Vegas

Alyson McCarthy is the CEO of Ronald McDonald House Charities (RMHC) of Greater Las Vegas, a nonprofit organization with a mission to create and support programs that directly improve the health, education, and well-being of children in our community.

In this interview, we asked Alyson about how her career journey, the challenges RMHC Las Vegas overcame during the pandemic, her vision on the second Ronald McDonald House, and her goals for the organization in the next three to five years.

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Local elected officials and partners cut the ribbon at the grand opening of the new Employ NV Youth Hub & Teen Zone inside the West Charleston Library on August 4, 2022.

The nearly 2,500-square-foot hub and teen zone are a partnership between Workforce Connections and the Las Vegas-Clark County Library District and will allow young adults to access a variety of no-cost employment and education programs offered through both organizations in a convenient, teen-friendly atmosphere.

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Bank of Nevada Welcomes Michael Pizzi as Managing Director of Commercial Banking

Courtesy of Michael Pizzi

Bank of Nevada has announced Michael Pizzi as managing director of commercial banking. Born and raised in Las Vegas, Pizzi has over 25 years of experience in the banking industry. Most recently, he led a team of bankers in 11 cities along the West Coast focused on assisting medium-sized companies.

Pizzi attended UNLV, graduating cum laude with a bachelor’s degree in Business and Marketing. He served three terms as a board member of Junior Achievement of Southern Nevada and continues to support the organization as a committee member.

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Commercial Real Estate

CityLab

Community

Government

Nevada Conservation League Event

Last Friday, Nevada elected officials, climate advocates encourage Senators Catherine Cortez Masto and Jacky Rosen to push for immediate passage of the Inflation Reduction Act.

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About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: [email protected]

FEBRUARY 24 2022 / ISSUE NO. 64 / ARCHIVE

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This Week’s Top Stories

Q&A: Emily Osterberg, Director of Government Affairs for the Henderson Chamber of Commerce, on the 2023 Legislative Session

Emily Osterberg is the Director of Government Affairs for the Henderson Chamber of Commerce. In this interview, she talked about the 2023 Nevada legislative session and the Chamber’s mission and priority during this session.

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Photo by Steve Harvey / Unsplash

This week, MGM Resorts announced it endorsed the United Nations’ CEO Water Mandate, making commitments to address water crises and challenges. It is the first gaming company to endorse the mandate.

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Construction site of El Camino Real Industrial Center (Courtesy of LM Construction)

Las Vegas is still one of the hottest industrial markets in the country with less than 2% vacancy rate. LM Construction broke ground their headquarters located on the northeast corner of Pebble and El Camino in the Las Vegas southwest submarket.

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PNC Chief Economist Gus Faucher: Big Gains in Personal Income and Spending in January as Economy Remains Solid, But Inflation Reaccelerates

This commentary is written by PNC Chief Economist Gus Faucher: “Inflation picked up in January, and the Federal Reserve will continue to increase interest rates in the near term.”

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LVGEA Hosts 2023 State of Economic Development

Super Bowl fireside chat (Courtesy of LVGEA)

Yesterday, the Las Vegas Global Economic Alliance (LVGEA) hosted its State of Economic Development event. This year, the annual event shifted from a public to an investor-only program with over 300 attendees and brought together from the private and public sectors to provide insight into economic investments being made in the Greater Vegas region.

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Lastest

Community

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About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

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LAS VEGAS – Nevada State Bank is pleased to announce that Tyre L. Gray, Esq. has joined its advisory board. As president and CEO of the Nevada Mining Association, Gray will provide valuable insight and experience from the perspective of one of Nevada’s largest industries to ensure Nevada State Bank continues to understand and serve the financial needs of the local community. Gray joins Chairman Dallas Haun, Jeremy Aguero, Dr. Hugh Bassewitz, David Ezra, Karla J. Perez, Harris H. Simmons, and Thomas A. Thomas on the Nevada State Bank Advisory Board.

“I’m thrilled to add Tyre’s perspective to our board, given his leadership experience in an industry that is so critical to our state’s economy, his involvement in our city and his respect within the broad business community,” said Terry Shirey, president and CEO of Nevada State Bank.

Gray is a graduate of the UNLV Boyd School of Law and formerly worked as an attorney for Fennemore Craig where he represented Fortune 5, 100 and 500 companies before local, state and federal regulatory and legislative bodies across the Western United States. In 2019, he became the first African American to head a major trade association in Nevada when he became president and CEO of the Nevada Mining Association.

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JULY 7 2022 / ISSUE NO. 79 / ARCHIVE

Independence Planned Community rendering of 2-units 2-garage home model (Courtesy of Touchstone Living)

Touchstone Living’s new Independence Planned Community is under construction on E. Vegas Valley Drive near Hollywood Blvd, the site of the former Royal Links Golf Course. The first 100 homes are permitted and under construction. The developer is planning to build a total of 1,600 homes eventually on this site. The homes will start in the $200s and are targeted at first time home buyers. Floor plans range from 2 to 4 bedrooms single family attached homes.

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Beth Martino (Credit Al Powers)

Beth Martino is the President and CEO of Three Square Food Bank, Southern Nevada’s only food bank and largest hunger relief nonprofit organization. Martino has over 20 years of leadership experience in food bank, public affairs, and healthcare sectors.

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Halo.Car Launches Driverless On-Demand EVs Delivery in Las Vegas

Halo.Car vehicles (Courtesy of Halo.Car)

Halo.Car announced its first commercial launch of on-demand driverless electric vehicles for hourly and daily use in Las Vegas on public roads. This launch came after four years of testing where safety drivers were present inside Halo.Car’s vehicles during remote piloting.

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NSB’s Private Bank Report Reviews the “Rollercoaster of Real Estate” and Impact of Interest Rates

Photo by Avi Werde / Unsplash

Las Vegas, NV – The Private Bank by Nevada State Bank released the latest edition of the High Net Worth Report. Issue 2 of 2023 provides a look at the luxury housing markets in Southern Nevada and Northern Nevada. This issue includes a summary of broad market-level trends in sales and prices by segment as well as a focused look at the neighborhoods where luxury home sales ($1 million or more) took place in 2022.

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Three Tax-Abated Companies to Create 200 Jobs in Las Vegas Region

Photo by Grant Cai / Unsplash

Last week, Nevada Governor’s Office of Economic Development (GOED) approved five companies to receive tax incentive. The five companies will make a capital investment of $22.2 million in the first two years and generate $34.5 million in net new state tax revenues over the next 10 years. Three out of the five companies are in Southern Nevada and plan to create 206 jobs in the greater Las Vegas region over the next two years.

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El Super to Hire 100 Associates for New Las Vegas Store

El Super logo (Courtesy of El Super)

El Super, a California-based chain of Hispanic-focused supermarkets, will hire up to 100 new associates for its new Las Vegas store. A virtual job fair is now open at https://elsupermarkets.com/careers/.

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Nevada To Receive $33 Million for Desert Terminal Lakes Restoration

Walker Lake in Nevada (By Crkndll – I took a picture with my camera from the window of a 737., CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=19535722)

Yesterday, U.S. Senators Catherine Cortez Masto (D-NV) and Jacky Rosen (D-NV) announced that Nevada will receive nearly $33 million in grant funding to restore and protect Pyramid, Summit, and Walker Lakes through the extended Desert Terminal Lakes Restoration program.

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About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: [email protected]

The Las Vegas Super Bowl Host Committee and NFL Foundation contributed $3 million in grants to 117 nonprofit organizations through its Super Bowl Legacy Grant Program. 

Funding through this initiative will support projects and programs to permanently improve the lives of Southern Nevadans in the areas of diversity, equity, and inclusion; education; health and wellness; social justice; and youth and young adults. 

In addition, the Las Vegas Super Bowl Host Committee Charities awarded an additional $58,000 to the YMCA for their service to the Las Vegas community youth. 

“Through the Super Bowl Legacy Grant Program, we strive to ensure the NFL leaves a legacy of philanthropy and community impact long after the final whistle of Super Bowl LVIII,” said NFL Vice President of Philanthropy and Executive Director of the NFL Foundation Alexia Gallagher. “We are honored to have worked with the Las Vegas Super Bowl Host Committee to recognize and support these fantastic nonprofit organizations in their continued efforts to uplift those in need in Southern Nevada.”

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According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) October 2022 economic report, Nevada added 7,500 jobs over the month, the third-largest monthly increase over the past year. Employment remains 22,200 jobs higher than before the pandemic and is up 55,500 jobs since October 2021, an annual increase of 3.9%. The total employment level in the state is 1,471,800.

The seasonally adjusted unemployment rate in Nevada increased slightly in October from 4.4 percent to 4.6 percent, and decreased by 0.8 percentage point from 5.4 percent in 2021, seasonally adjusted. The slightly increase mirroring the increase in the U.S. unemployment rate from 3.5 to 3.7 percent.

Credit: Nevada Department of Employment, Training and Rehabilitation’s (DETR)

Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):

• Las Vegas employment increased by 4,900 jobs (0.5%) since September, an increase of 46,300 jobs (4.5%) since October 2021.
• Reno employment had a decrease of 500 jobs (-0.2%) since September, an increase of 7,300 jobs (2.9%) since October 2021.
• Carson City employment had an increase of 100 jobs (0.3%) since September, an increase of 800 jobs  (2.6%) since October 2021.

Credit: Nevada Department of Employment, Training and Rehabilitation’s (DETR)

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Yesterday, Sage Collegiate Public Charter School opened its permanent facility at a grand opening ceremony. The K-8 school, which opened in August with K-5, has moved into a fully renovated Elks Lodge in central Las Vegas on 4100 W Charleston Blvd and will share its space with the community. Work for a second building on its campus has already begun and will open in 2025.

Photo 1: Class room; Photo 2: City of Las Vegas Councilman Brian Knudsen; Photo 3 and 4: students (Photors from Sage Collegiate)

The charter school currently has more than 200 students in kindergarten through 5th grade. Sage Collegiate has a slow growth model and will add another kindergarten and a 6th grade class in the 2023-24 school year. Registration for the school’s lottery is open. At capacity, Sage Collegiate will have 800 students in kindergarten through 8th grade.

“There is a great need for public charter schools in Las Vegas. With most charter schools being located around the perimeter of the city, Sage Collegiate gives students in the central Las Vegas community access to more options for education,” said Jennifer Braster, board chair of Sage Collegiate.

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Last week, Nevada Governor’s Office of Economic Development (GOED) approved five companies to receive tax incentive. The five companies will make a capital investment of $22.2 million in the first two years and generate $34.5 million in net new state tax revenues over the next 10 years. Three out of the five companies are in Southern Nevada and plan to create 206 jobs in the greater Las Vegas region over the next two years.

Indigo Pharmaceutical plans to establish a new pharmaceutical manufacturing operation in the Las Vegas Medical District, Rechargeable Power Energy is expanding its existing Clark County battery manufacturing facility, and Tranzonic Companies will expand its Nevada presence with a facility in North Las Vegas.

Indigo Pharmaceutical, LLC — 100 jobs, $34.20 average wage, Pharmaceutical Manufacturing

Indigo Pharmaceutical manufactures ready-to-use syringes and single-use intravenous (IV) bags for hospitals, office-based practices, and veterinary practices. The company’s long-term plans include building a full manufacturing facility in Nevada.

Rechargeable Power Energy, North America, LLC — 88 jobs, $28.50 average wage, Battery Manufacturing

Rechargeable Power Energy plans to expand its existing Clark County facility from 8,000 square feet to 20,000 square feet within the next few months. The company’s intent is to expand its U.S. service center to support the increasing demand for lithium applications and establish a Safe Battery Service Center in Nevada that can support any lithium application.

Tranzonic Companies — 18 jobs, $28.28 average wage, Manufacturing & Distribution

Tranzonic Companies is a national manufacturer and distributor of cleaning, maintenance, and absorbent products for commercial applications, headquartered in Cleveland, Ohio. The company plans to expand its Nevada presence through a new facility in North Las Vegas within the next few months.

“LVGEA, together with its partners, are strategically targeting industries that not only bring high-paying jobs to the region, but also help diversify our region’s economy,” said Tina Quigley, president and CEO of the Las Vegas Global Economic Alliance, one of eight Regional Development Authorities (RDA) in Nevada designated by the Governor’s Office of Economic Development for 2022-2023.“We are excited to see a pharmaceutical company recognizing the value the Las Vegas Medical District offers for its local expansion, and to see a local battery manufacturer expanding in its backyard as part of the state’s growing lithium loop.”

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Caesars Palace has completed its multimillion-dollar entrance renovation. The new design includes a coffered ceiling, an intricate marble mosaic floor, a 15-foot-tall Carrara marble statue of Augustus Caesar, gaming areas and the new Galleria Bar in the hotel lobby.

“Since Caesars Palace opened its doors in 1966, we have been inspired by founder Jay Sarno’s promise to treat every guest like a Caesar,” said Sean McBurney, Caesars Entertainment Regional President.

Credit: Caesars Entertainment

The new crystal chandelier at the dome weights approximately 3,200 pounds and is comprised of 12,000 individual crystals. The linear rays that radiates from the chandelier contain approximately 120,000 additional crystals. The total cost of the crystals is more than $1 million.

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NEW YORK, November 8, 2021 – Today, the NYU School of Professional Studies Jonathan M. Tisch Center of Hospitality convened top hospitality industry executives and thought leaders from across the US and around the world for its 43rd Annual NYU International Hospitality Industry Investment Conference at the New York Marriott Marquis in New York City. This leading hospitality forum is one of the first major industry conferences to resume in-person in NYC since the pandemic struck.

Jonathan M. Tisch, chairman and CEO of Loews Hotels & Co. and co-chairman of the board of Loews Corporation, who serves as Conference chair, opened the event, which spans three days (November 7-9) by delivering remarks on the state of the industry and providing a preview of the content to come. In his opening remarks, while he focused on the issues the hospitality, travel, and tourism industries continue to face due to the pandemic, he also stressed the opportunities at hand, specifically in the areas of business travel, global events, and the power of these industries to bring people together.

The first day of content was highlighted by thought-provoking general sessions with high-profile leaders and innovators sharing their insights.

Photo Credit CREative Media

“The CEOs Check-In: A View from the Top,” featured hospitality executives who discussed the evolving investment landscape, and how the hospitality industry is growing once again. Sara Eisen, anchor, “Closing Bell,” CNBC, moderated this discussion with Keith Barr, chief executive officer, IHG Hotels & Resorts; Sébastien M. Bazin, chairman and chief executive officer, Accor; Anthony Capuano, chief executive officer, Marriott International; David Kong, president and chief executive officer, BWH Hotel Group; and Christopher J. Nassetta, president and chief executive officer, Hilton. The executives shared positive outlooks as the industry focuses on 2022. From foreign travel resuming to family members and friends eager to be back together, they expect to see continued growth in the sector, with people feeling more comfortable with traveling. While the pandemic caused tremendous hardship, these leaders are clearly embracing the accelerated change that has come from it—particularly in the area of customer experience. They also see efficiencies across the sector, technology, and remote work, as being key influences now and in the months ahead.

Photo Credit: ©Creighton: Courtesy of NYU Photo Bureau

During “Beyond the Boardroom,” one of the most popular sessions at the Annual NYU International Hospitality Industry Investment Conference, Jonathan M. Tisch, chairman and CEO of Loews Hotels & Co. and co-chairman of the Board of Loews Corporation, interviews prominent business leaders for their perspective on the current business landscape. This year’s distinguished guest was Jamie Dimon, chairman and chief executive officer of JPMorgan Chase, who engaged in a thought-provoking discussion on the complex social, political, technological, and economic forces disrupting today’s world and their impact on the global travel and lodging industry. Dimon shared why he is in favor of bringing teammates and employees back to the office, placing an emphasis on the collaboration, creativity, and company culture it inspires. He also touched upon the importance of diversity and inclusion across all levels of the industry and shared insights into the work he and the JPMorgan Chase management team are doing to continue prioritizing D&I. Dimon also discussed his thoughts on technology, climate change, and the long-term growth of America, and more.

Photo credit: Stephen Hausler

During “Reimagining the Workforce: Labor Challenges and Opportunities in Travel and Lodging,” Vanja Bogicevic, PhD, director of the HI Experiential Learning Lab and clinical assistant professor at the NYU SPS Jonathan M. Tisch Center of Hospitality; Tom McCaleb, managing director at Boston Consulting Group; and Oliver Bonke, advisor at Boston Consulting Group and member of the advisory board of the Tisch Center; discussed reimagining the travel and lodging workforce to meet the evolving labor challenges and opportunities across the hospitality industry, as described in a recently developed white paper they, along with colleagues at their respective organizations, authored. The white paper will serve as the launch point of a new think tank designed to identify and coordinate strategic solutions for key issues affecting the industry. Download the White Paper Here