Local Economy

April 13, 2012

THE FEDERAL AGENCY BLM OFFERS HENDERSON 480 ACRES TO DEVELOP A SPORTS STADIUM PROJECT

The BLM's offer gives Silver State Land LLC, a Delaware corporation working with the City of Henderson, an
advantage in acquiring the property and starts a 45 day clock for bidding and public comment.

The BLM would accept bids and Silver State Land would have the opportunity to match …

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April 12, 2012

HENDERSON BASED ZAPPOS AND CITY OF LAS VEGAS CLOSE SALE OF OLD CITY HALL

$40 million renovation likely to start soon for Zappos headquarters.

The announcement 16 months ago that internet shoe retailer Zappos would move its headquarters
from Henderson to downtown Las Vegas started a buzz that the once declining downtownarea
would become a growing technology hub.

Expect the buzz to get louder …

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April 3, 2012

A NEVADA STATE AGENCY PURSUES DESIGNATION SELECTING A PANEL TO DEVELOP DRONE AIRCRAFT

The state's economic-diversification agency has selected a panel of business and government leaders to help build Nevada's aerospace economy.

The Governor's Office of Economic Development announced that 15 people will serve in a group to oversee Nevada's efforts to obtain a Federal Aviation center of Excellence designation for …

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March 31, 2012

LAS VEGAS McCARRAN AIRPORT SEES A 6.6 PERCENT PASSENGER COUNT INCREASE IN FEBRUARY

Passenger counts increased for the 2nd straight month in February, while Las Vegas based Allegiant
airline continued it's double-digit growth in passenger traffic.

According to figures released by the Department of Aviation, 3,108,106 passsengers passed through the
airport in February, an increase of 6.6 percent from …

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March 30, 2012

NEVADA ECONOMY ON THE UPSWING WlTH TAXABLE SALES UP 4.8 PERCENT

Looks like this growth trend is real. Taxable sales numbers just released showed tidy gains in goods
sold by merchants across Nevada and Clark County.

Statewide taxable sales came in at $3.15 billion in January, up from $3 billion a year earlier, the State
Department of Taxation reported.

It …

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March 28, 2012

HENDERSON BASED ZAPPOS LATEST VENTURE FOR TALENT DOWNTOWN

Zappos CEO's latest deal would lure college graduates for stints with downtown startup companies.

Zappos efforts to remake downtown Las Vegas took another step forward with a real estate deal and plans
to lure more young talent to the area.

The Downtown Project, funded by Zappos CEO Tony Hsieh …

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March 24, 2012

WELLS FARGO HENDERSON BASED WORKSHOP HELPING DISTRESSED HOMEOWNERS

The Moore family of Henderson attended Wells Fargo homeowner workshop this week with low expectations
of getting a loan modification approved on the spot, something that hasn't happened for them in previous
workshops.

But this one was different. It was better organized,they met with Bank officials in private …

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March 23, 2012

BUSINESSES, BRINGING HUNDREDS OF JOBS COMING TO HENDERSON AND LAS VEGAS

An Asset Management company, a ammunition maker and a manufacturer of high-efficiency that
lights are on their way to Nevada.

The Nevada Commission on Economic Development said that it approved incentives such as tax abatement,
tax deferred and training grants for 8 businesses looking to move or expand in the …

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March 20, 2012

HIGHER GASOLINE PRICES SEEN AS THREAT TO LAS VEGAS TOURISM

Moody's investor service said rising gas prices could endanger the recovery as money that
consumers will spend at the casinos could be used for fuel spending with the average cost of
gasoline at $3.83 at the time of this report.

Consumers could pull back on discretionary spending and …

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March 18, 2012

HENDERSON BASED ZAPPOS DOES IT AGAIN!!

Adding another piece of downtown Las Vegas real estate to the Downtown project inspired
by Zappos CEO Tony Hsieh.

Recently closing a $ 4.1 million transaction to acquire the former 7-11 building just east of the
Fremont Street experience and at the gateway of the Fremont East entertainment district.

Hsieh …

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