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Economy & Business | State Government

Planning through a pandemic: Economic Forum begins difficult task of projecting state’s tax revenue amid many unanswered questions

October 16th, 2020 - 2:00am
“I would have never thought in my career as an economist, that you'd show me an employment chart and it looks like a bird flying into a window,” Legislative Counsel Bureau Fiscal Analyst Russell Guindon said during the meeting. “To see that kind of pronounced fall, it’s just crazy.”

Economy & Business | Real Estate | State Government

With state eviction order lifting, what protections do tenants have and how can they use them?

October 15th, 2020 - 2:00am
Gov. Sisolak, at a press conference on Wednesday, pointed to the CDC moratorium as his response to Nevadans fearful that the end of the state directive might mean they’re booted from their homes. And he said he didn’t plan to extend the parallel state protections, saying doing so would be “duplicative.”

Economy & Business | State Government

Number of Nevadans on unemployment rolls subsiding, but slowly; steady clip of new applications

October 2nd, 2020 - 4:05pm
Powers is one of tens of thousands of people thought to be caught in the Nevada Department of Employment, Training and Rehabilitation backlog. Barbara Buckley, head of a strike force trying to address the hangups, said there were about 80,000 in the backlog as of Aug. 1, and more than 18,000 had been resolved as of last week.

Coronavirus | Economy & Business | State Government

Sisolak lifts 50-person limit on gatherings, allowing live entertainment and large events to proceed with restrictions

September 29th, 2020 - 4:08pm
Updated September 29th, 2020 - 5:03pm
Gov. Steve Sisolak, at a press conference in Las Vegas on Tuesday, said the state’s decline in COVID-19 cases and hospitalizations since a peak in midsummer warranted an increase in the 50-person maximum of gatherings, which has been in place since May. The new directive will take effect at midnight on Thursday.

Coronavirus | Economy & Business

Two months in, strike force says it’s making progress on unemployment claim backlog, pegs hope on assist from welfare workers

September 29th, 2020 - 2:00am
Strike force director Barbara Buckley and newly minted Department of Employment, Training and Rehabilitation (DETR) Administrator Elisa Cafferata said they’ve reliably estimated there was a backlog of about 80,000 legitimate unemployment claims when they took the reins Aug. 1. As of last week, they’d resolved 18,161 of them.

Economy & Business | State Government

State approves $20 million for small businesses after struggling to give away commercial rent assistance

September 28th, 2020 - 2:00am
Federal coronavirus relief funds must be spent by the end of the calendar year, and commercial rental help is not the only program with a relatively low disbursement rate. Less than 10 percent of the $70 million Nevada applied to tenant rental assistance has been distributed about halfway through the program’s existence.

Economy & Business | Legislature

Judge sides with state Senate GOP in lawsuit challenging extended payroll, DMV taxes

September 21st, 2020 - 4:26pm
Updated September 22nd, 2020 - 12:10pm
Carson City District Court Judge James Russell issued the ruling from the bench on Monday, saying that state lawmakers had violated the constitutional two-thirds vote requirement for tax increases in passing two bills during the last session that extended tax rates or fees that were set to expire.

Community | Economy & Business

Bar owners relieved as final closure orders lift, but fear more shake ups

In recent weeks, health officials throughout the state and country have posited that bar reopenings might increase the number of coronavirus cases, but bar owners remain optimistic about the public’s ability to follow guidelines and argue that allowing restaurants and casinos to remain open while singling out bars for closure is inconsistent and hypocritical.

Economy & Business

Nevada’s unemployment rate drops in August but remains highest in the nation; initial claims for benefits tick up

September 18th, 2020 - 5:03pm
While the state’s metric is heading in the right direction, Nevada’s unemployment rate remains in 51st place — dead last of all states and the District of Columbia. And the latest claims statistics released Friday show initial applications for benefits ticked up slightly after recently hitting their pandemic low.

Economy & Business | State Government

State approves tax incentives for Google, lithium company amid promise to raise threshold for future tax breaks

September 16th, 2020 - 3:48pm
Amid unanimous approval of the two applications during the Wednesday meeting of the Governor’s Office of Economic Development (GOED) board, GOED Director Michael Brown said he planned to bring recommendations to the board — composed of Gov. Steve Sisolak, other elected leaders and several business representatives — at its next meeting in December raising the threshold level needed for new or expanding businesses to receive tax abatements.

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