Business and Economy

Men In Nevada Make 15% More Than Women

Apr 15, 2016
401(K) 2012 / CC BY-SA 2.0

A new study from Congress's Joint Economic Committee says in Nevada, men make almost 15 percent more money than women. But that's actually somewhat good news considering the national pay gap is 21 percent.

Noreen Farrell is executive director of the nonprofit group Equal Rights Advocates. She suggests the Silver State follow the lead of neighboring California and pass a law protecting workers who compare salaries.

Ready, Set, Pitch!

Apr 14, 2016
Startup Weekend Reno

The sixth installment of Startup Weekend kicks off Friday at Greater Nevada Field, formerly the Aces Ballpark, in downtown Reno. Our reporter Julia Ritchey has more. 

Aspiring entrepreneurs will brainstorm their best ideas over the weekend in a competition aimed at fostering startup culture.  

Attendees are given 54 hours to come up with an idea, form a team and work on a website and marketing plan before pitching to a panel of judges. 

Bryan McArdle of the Economic Development Authority of Western Nevada is one of the organizers.

So Apparently Nevadans Aren't Great With Money

Apr 8, 2016
WalletHub

Nevadans were ranked as some of the least financially savvy people nationwide. Reporter Rocio Hernandez explains why.

While the recession may have hit the Silver State hard, it's not the only reason it came in third as one of least financially literate states. The study by WalletHub, a financial site, found that many Nevadans lacked a rainy day fund and good credit scores. 

Hades2K / CC BY-SA 2.0

Tahoe businesses and families are struggling as a result of slow internet, according to a recent poll by the Tahoe Prosperity Center. Reno Public Radio's Amy Westervelt has more on that story.

At first blush, bringing high-speed internet to Tahoe sounds like a pet project for the wealthy. But Heidi Hill Drum, executive director of the Tahoe Prosperity Center, sees it differently.

"The Lake Tahoe Unified School district every child from third to 12th grade is given a netbook to use to do their homework but so many in our community don't have access to internet at home."

Sean Hagen / Flickr / CC BY-SA 2.0

The state of Nevada has seen a nine percent increase in construction jobs over the last year. Reno Public Radio’s Noah Glick reports.

According to a new study from the Associated General Contractors of America, Nevada has added 5,700 construction jobs across the state since February 2015.

Bill Anderson is chief economist for the state, and he says this rise is a good sign for the overall state economy.

Report: "Quiet Recreation" Boosts Nevada Economy

Apr 5, 2016
Adam Bautz / Flickr / CC BY 2.0

Nevada’s federally-managed public lands bring in nearly $172 million a year from so-called “quiet recreation.” That’s according to a new study released by Pew Charitable Trusts.

“Quiet recreation” refers to activities that generally don’t require motorized equipment--think hunting, biking and camping. 

UNR Entrepreneur Wins $50K

Apr 1, 2016
Ozmen Center for Entrepreneurship

The University of Nevada, Reno’s Sontag Entrepreneurial Competition awarded one team with a $50,000 grand prize on Wednesday. Reno Public Radio’s Rocio Hernandez has more.

30-year-old Ryan Klekas says a good business idea must be able to solve a problem. His award-winning idea called Instally is solving an issue that he and many university students nationwide are having: parking.

Nevada's Minimum Wage To Stay Flat

Apr 1, 2016
Fibonacci Blue/Flickr

The Office of the Labor Commissioner announced Friday that Nevada's minimum wage will remain unchanged for the next fiscal year. 

Currently, Nevada's minimum wage is $7.25 an hour with employer-funded health benefits or $8.25 an hour without them. 

Progressive Leadership Alliance of Nevada, or PLAN, recently dropped its proposed ballot measure that aimed to increase the minimum wage to $13 an hour over three years. 

Tesla Unveils Model 3 Electric Car

Apr 1, 2016
teslamotors.com

Tesla Motors unveiled its new mid-luxury electric car at an event in Los Angeles Thursday night.  Dubbed the Model 3, the starting price tag is $35,000, or about half the cost of the company’s previous models.

Entrepreneur Renting Private Driveways To UNR Students

Mar 29, 2016
Rocio Hernandez

Four teams remain in the University of Nevada, Reno’s annual Sontag Entrepreneurship Competition which awards one team with a $50,000 prize. Reno Public Radio’s Rocio Hernandez spoke with one MBA student wants to give university students and visitors more parking options. 

It’s midday and parking spaces are full on the north side of campus. I’m standing with Sontag finalist Ryan Klekas, watching as several drivers circle a parking lot hoping to get lucky.  

Rocio Hernandez: I don’t see any, do you?

Designing A Helmet To Lower Concussion Risk

Mar 29, 2016
Chase Houston

The University of Nevada, Reno will choose a winner for its Sontag Entrepreneurial competition on Wednesday. The winner takes home a $50,000 prize. Reno Public Radio's Rocio Hernandez met with one team that’s developing a new sports helmet designed to reduce the risk of head injuries.

Reno Fire Department

The Reno Gazette-Journal recently reported that there’s been a surge in overtime pay at the Reno Fire Department. Reno Public Radio’s Anh Gray explores why.

So far this year, the department has spent 50 percent more on overtime than it did during the first half of last year.

Funding cuts a few years ago caused the lay-offs of more than thirty firefighters. Chief Dave Chochran says firefighters on staff are working more due to the personnel shortage.

ESD America

The legal battle between the FBI and Apple has re-ignited the debate over privacy and security. As Reno Public Radio’s Noah Glick reports, a Nevada phone maker is taking the side of user privacy.

For 11 years, Nevada-based ESD America has been selling a phone, called a Cryptophone, that they say can’t be spied on.

Buzz Bruner is the director of strategy for the company and chatted with our media partner, KNPR in Las Vegas.

Tesla Defends Local Hiring Amid Lingering Protests

Mar 21, 2016
Julia Ritchey

Tesla says it is meeting its quota for hiring Nevadans, despite lingering protests outside their factory. 

During a tour for local media last week, a Tesla spokesman says they are not yet at full capacity, but are meeting their headcount for hiring locals at the plant.

Several dozen employees roamed about their massive production warehouse, which also houses temporary office space.

RenoHistorical.org / Nevada State Historic Preservation Office

The University of Nevada, Reno’s planned expansion toward downtown has raised concerns about the future of a few historic homes south of the university. Our Contributor Bob Conrad of ThisisReno reports.

The so-called gateway expansion is part of UNR’s master plan. It has drawn controversy and a number of citizens spoke out against the plan at last week's Reno City Council meeting

Reno Airport Seeing More Passengers

Mar 10, 2016
Ken Lund / CC BY-SA 2.0

More people are flying in and out of Reno than in years past. Our reporter Marcus Lavergne has the latest update from the Reno-Tahoe International Airport.

More than 3.4 million passengers came through the airport last year, an increase of almost 4 percent over 2014. This is actually the first year-over-year increase since 2005.

Airport CEO Marily Mora says this can be attributed to the growing regional economy, new flights being offered, and heightened efforts to attract tourists.

Washoe Business License Applications Moving Online

Mar 9, 2016
erikaow / CC BY-SA 2.0

Business owners will be able to apply and pay for business licenses and permits in Washoe County online, for the first time ever this summer. Our reporter Rocio Hernandez has more.  

The regional business license and permits program is an effort by the cities of Reno and Sparks along with Washoe County and the health district that will connect them digitally to customers. Amber Drlik with the City of Reno says this change has been repeatedly asked for in customer surveys.

The Basement: Touring Reno's New 'Hipster Mall'

Feb 28, 2016
Rocio Hernandez

An underground marketplace called The Basement has opened inside the historic 1933 post office in downtown Reno. Our reporter Rocio Hernandez took a tour of the renovated space and sends us this audio postcard. 

More than half a dozen shops are tucked between brick walls and under a maze of exposed pipes. I wander into Sugar Love Chocolates where store owner Krysta Bea Jackson is attending to new customers.

Jackson says her products are made from French and Belgium chocolate and natural ingredients such as fresh strawberries and pistachios. At least one customer is sold.

Sierra Nevada College

Sierra Nevada College, in Incline Village, hosted its own version of Shark Tank this week. Reno Public Radio's Amy Westervelt was there to hear the winning pitch.

Apparently, Canada has a coin problem.

"We do not have a one dollar bill. So what this means is every time you get 4.99 back in change? It's all in coins.  It's just ridiculous. Personally, I went through my car the other day and found $17 worth of Canadian coins in there, and I don't even live in Canada anymore."

Ted Murphy / https://creativecommons.org/licenses/by/2.0/legalcode

Nearly $5 million in gaming tax revenue has not been collected by Washoe County due to an accounting error. Our contributor Bob Conrad with ThisisReno has the story.

The tax went uncollected for more than five years and county officials say that money could have helped during the recession. County manager John Slaughter:

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