Quality of Life in Reno, Nevada: A Small-Town Community with Big-City Amenities0

Posted by Beki Dobson

downtown-reno-miller-industrial-propertiesIf you’re looking to move or expand your business to the Reno/Sparks industrial area, you likely are already aware of the economic benefits that our region has to offer (and if you aren’t, head over to our Resources page for more on Nevada Economic Development Incentives). But what about quality of life for your family and employees?

Beyond the benefits that Nevada offers businesses are the countless benefits it offers residents. Northern Nevada has the inherent and appealing combination of a small-town community with big-city amenities.Read more →

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Launching a New Business in Northern Nevada? Start Here.0

Posted by Thomas Miller, CCIM

Miller Industrial Properties - Northern Nevada's Commercial Real EstateIf you’re at all familiar with our website, you know that Miller Industrial Properties sings the praises of northern Nevada as an ideal location for new or expanding businesses. From the ease of incorporation, tax incentives and technology level to quality of life and cost of living, there’s no shortage of reasons that make Nevada stand out from the rest of the country. Just ask Tesla! If you’re considering launching or expanding a business to our neighborhood, we’ve prepared a little something just for you. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Allergy Be Gone will open a new 25,000 sf warehouse in Sparks, NV0

Posted by Thomas Miller, CCIM

Allergy Be Gone, a New York based business will open a new 25,000 sf warehouse in Sparks to distribute their extensive allergy relief product lines.

Allergy Be Gone, a New York based business will open a new 25,000 sf warehouse in Sparks to distribute their extensive allergy relief product lines.

Reno – Sparks was selected due to its central location to the 11 western states and Nevada’s beneficial business climate. The company plans to be operational early in 2013.

Miller Industrial Properties assisted the company with their location search. EDAWN provided additional support by assisting the company’s expansion needs.

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Nevada Unemployment Dropping as Economy Advances0

Posted by Thomas Miller, CCIM

New business Filings Exceed 15,000 in Q1 2012

Nevada’s Secretary of State’s report indicates positive news:

New Entity Filings (Leading Indicator) — New business entity filings were up 17.1 percent from the preceding quarter (Q4 2011).

KEY ECONOMIC INDICATORS Prior Period Prior Year Value
 
 

Current Value

Value

Change

Value

Unemployment

11.9%

12.9%

-1.0%

13.5%

Analyst’s Assessment
The first quarter of 2012 shined a few bright spots on what has been a challenging recovery cycle. Overall employment trended in a positive direction, a condition absent from the economic landscape during most of the past three years. New job creation has helped push the unemployment rate down to its lowest level since 2009.

Nevada Economic Overview
New business Filings Exceed 15,000 in Q1 2012

Core employment – total employment excluding the construction and government sectors – has reported year-over-year gains for 21 consecutive months. The fact that many private sector employers are expanding is an encouraging sign.

With over 15,000 new business entity filings recorded in the first quarter of 2012, the data suggest that investors and entrepreneurs are continuing to seek out Nevada as a viable place to do business and/or take advantage of the investment opportunities within the Silver State. The economy has clearly distanced itself from the bottom and appears to be gaining some momentum.

Jeremy Aguero
Principal Analyst, Applied Analysis

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