NEVADA VIEWS: Hamstringing business By Cameron Belt Special to the Las Vegas Review-Journal January 11, 2025 - 9:01 pm Nevada lawmakers expected the Southern Nevada Tourism Improvement Act — Senate Bill 1, which was enacted during the 2023 special legislative session, to be a positive force for the Nevada economy by paving the way for the Oakland Athletics to move to Las Vegas. Instead, it may be hampering economic development opportunities and business attraction options for the state. Included in SB1 was a new rule for companies seeking tax abatements from the Governor’s Office of Economic Development that went into effect Oct. 1, 2023. Under Section 39 of SB1, companies that seek abatements for relocation or expansion and plan to employ at least 50 workers must “agree that all employees who have been employed by the business for at least 1 year will be eligible for at least 12 weeks of paid family and medical leave at a rate of at least 55 percent of the regular wage of the employee.” At first glance, this seems to bolster worker rights and welfare. But a deeper analysis shows this mandate [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics (January 10, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: PPI Final Demand (YoY) increasing from 3.0% to 3.4% Retail Sales (MoM) decreasing from 0.7% to 0.4% Housing Starts (SAAR) increasing by 2.4% from 1,289K to 1,320K READ THE ORIGINAL ARTICLE