Business and Economy

Housing prices continue to rise in the greater Reno-Sparks market, with new listings and sales of homes down from this time last year.

Reno Public Radio’s Noah Glick reports.

April’s median price for a home in the Reno-Sparks area was more than $323,000, up 10 percent from a year ago.

That’s according to the latest report from the Reno/Sparks Association of Realtors.

Nevada’s middle class is faring better than any other state in the nation, according to an economic report from Forbes.

The Silver State scored the highest on the magazine’s new “American Dream Index,” that measures seven key economic factors impacting the middle class.

Stacey Montooth, RSIC

Johni Bill is a member of the Reno-Sparks Indian Colony who just opened her own salon called Alluring Beauty in Sparks. Colony spokeswoman Stacey Montooth says Johni is a role model for other Native American entrepreneurs, who can face unique challenges. Montooth spoke to our contributor Brook Bentley of the Northern Nevada Business Weekly to explain why.

TMRPA

There’s not enough affordable housing in Washoe County…and more and more residents are getting priced out of owning their own homes.  That’s according to a study by the Truckee Meadows Regional Planning Agency. Kim Robinson is the organization’s executive director and Jeremy Smith is GIS coordinator. They talked to our news director Michelle Billman about their findings. 

Survey: Business Leaders Say Workforce Is Their Biggest Challenge

Mar 24, 2017
NNBW

A new survey of Nevada business leaders finds that they want more workforce and STEM training to take place within community colleges and the K-12 education system.

Our contributor Brook Bentley of the Northern Nevada Business Weekly reports.

Rural Communities Banding Together For Development Help

Mar 24, 2017
Courtesy NNRDA

In a few short months, the Northeastern Nevada Regional Development Authority has grown from representing primarily Elko County to now covering more than 40 percent of the state. Our contributor Brook Bentley of the Northern Nevada Business Weekly has the details.

Local Construction Jobs Getting Harder To Fill

Mar 24, 2017
Courtesy United Construction

Statewide, Nevada added 7,200 construction jobs last year, but finding skilled, local workers to fill those positions is becoming increasingly difficult. Our contributor Brook Bentley of the Northern Nevada Business Weekly reports.

The shortage of skilled construction labor is being compounded by a rebounding economy that's spurred new residential and commercial construction. There are also many senior-level employees moving closer to retirement age.

Noah Glick

The food truck industry is growing nationally, with cities like Orlando, Florida and Austin, Texas leading the charge.

But a new crop of mobile food vendors is popping up in an unlikely rural area: Elko. Reno Public Radio’s Noah Glick has more.

Alexa Ard

Women working full-time in Nevada are making less than 82 percent of their male counterparts. That’s according to the latest report from the Bureau of Labor Statistics.

Reno Public Radio’s Noah Glick explores why.

Between 2014 and 2015, the ratio of women’s earnings compared to men’s dropped by more than four percentage points. Nevada women are now making just 81.6 percent of men.

That’s a departure from the peak of 88.4 percent in 2011.

Noah Glick

Tourism is Nevada’s largest industry, making up nearly 30 percent of total state employment and bringing in more than $3 billion in tax revenue.

But most visitors are only stopping in Nevada’s two urban centers: Las Vegas and Reno.

Our reporter Noah Glick looks at what is being done to attract more people to Nevada’s rural communities.

UNR Basketball Alums Now Developing Student Housing

Feb 22, 2017
Courtesy of 120 West Strategic Communications

Two University of Nevada, Reno grads and basketball stars have teamed up in business as Pink Hill Properties, LLC. Our contributor Brook Bentley of the Northern Nevada Business Weekly has more.

As their first development project, Kevinn Pinkney and Garry Hill-Thomas are transforming an eyesore across from the university into modern student housing and a gathering place for students.

A Gude / Flickr, CC BY-SA 2.0

By the end of last year, Nevada saw a 5.1 seasonally-adjusted unemployment rate, the lowest it’s been in nine years.

And according to a new study, immigrants in the state account for one-quarter of all that employment.

Reno Public Radio’s Noah Glick reports.

Noah Glick

In northeastern Nevada, the economic focus has been on mining for the last several decades. Local leaders are now looking ahead for new opportunities to carry the region forward.

New Nail Tech Program Fueled By Economic Recovery

Feb 6, 2017
Annie Conway / NNBW

Economic growth in northern Nevada is positively affecting many sectors in the region — including the beauty industry. Our contributor Brook Bentley of the Northern Nevada Business Weekly has the latest.

Alexa Ard

Nevada ranks first in the nation in job growth, according to a recent Gallup survey. But as Reno Public Radio’s Noah Glick reports, state leaders say there’s still much work to be done.

Noah Glick

Local economic leaders are warning of major gaps in affordable housing if the region fails to ramp up its development efforts.

Reno Public Radio’s Noah Glick reports.

ThisisReno.com

In recent years, the Regional Transportation Commission, or RTC, has held numerous public meetings about redesigning portions of Virginia Street in Reno's MidTown District. Our reporter Bob Conrad of ThisisReno.com has the latest update.

Virginia Street in MidTown is constrained by the roadway’s width and the need for ADA-accessible sidewalks, which has prompted plans to eliminate a center turn lane in favor of wider sidewalks.

Nevada State Employees Could See Raises For The First Time In Years

Jan 23, 2017
Jim Grant / Nevada Appeal

For the first time in years, Governor Brian Sandoval’s proposed budget includes actual raises for state employees. Our contributor Brook Bentley of the Northern Nevada Business Weekly reports.

Faraday Future Shows Off Speedy Model, But Concerns Loom

Jan 5, 2017
Faraday Future

Upstart vehicle company Faraday Future showed its prototype electric car at the CES gadget show in Las Vegas Tuesday and promised again to have cars rolling off a new $1 billion assembly line in southern Nevada in 2018.

The  demonstration had the company's four-door, FF 91 model clocking 0-to-60 miles per hour in just under 2.4 seconds against Bentley, Ferrari and Tesla vehicles.

During the presentation, company executive Nick Sampson didn't say when construction would resume at the factory where work was suspended in November.

Maury Centeno (second from right) owns Safety Glass, a shop for replacing broken windshields.
Natalie Van Hoozer

For many, entrepreneurship can be a difficult process. Now, imagine trying to start a business in a foreign country.  

In Reno, some Latina business owners say this journey has been challenging for them due to cultural differences and language barriers.

While a few of Maury Centeno’s employees sand down a windshield, she’s in the white-walled office next door typing away on her computer. She owns Safety Glass, a windshield replacement company in Reno.

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