AUGUST 18 Issue - Vegas Business Digest Recap

AUGUST 18 2023 / ISSUE NO. 85 / ARCHIVE

This Week's Top Stories

Brightline West CEO and Nevada Leaders Announce Latest Actions on High-Speed Rail Project and Urge U.S. Department of Transportation to Award Funding

*From left to right:* **Greg Regan***, President of the AFL-CIO’s Transportation Trades Department,* **Tracy Larkin-Thomason***, Director of the Nevada Department of Transportation,* **U.S. Senator Jacky Rosen**, **Michael Reininger***, CEO of Brightline,* **Michael Naft***, Clark County Commissioner, and* **Mary Beth Sewald***, President and CEO of the Vegas Chamber (Photo by Vegas Business Digest)*

More Detail Coming Soon

Q&A: Patrick Parker, President of Raintree Investment Corporation, Developer of Lake Las Vegas

*Patrick Parker, President of Raintree Investment Corporation, Developer of Lake Las Vegas (Courtesy of Raintree Investment Corporation)*

Patrick Parker is the President of Raintree Investment Corporation and developer of Lake Las Vegas, a 3,600-acre resort community surrounded by its own 320-acre lake. Residents and guests enjoy the award-winning Reflection Bay Golf Club, Lake Las Vegas Sports Club, restaurants, hotels and year-round community events.

welcome to fabulous las vegas nevada signage — Photo by Grant Cai / Unsplash

According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) July 2023 economic report, Nevada’s unemployment rate decreased slightly from June to July, going from 5.4 percent to 5.3 percent for a decrease of 0.1 percentage points. The labor force in the state grew by 3,400 and July marked the 8th consecutive month that the state has seen an increase in the labor force.

*MaryGrace Rendina (Courtesy of Moonridge Group)*

MaryGrace Rendina is the Senior Project Director at Moonridge Group, a philanthropy consulting firm that advises funders, individual philanthropists and family foundations seeking to strengthen their philanthropic impact.

Battle Born Venture, Nevada’s state-sponsored venture capital program operating under the federal State Small Business Credit Initiative (SSBCI), provided $500,000 in capital to four Nevada startups.

*Palms Empathy Suite Designed by Damien Hirst (Courtesy of Palms Casino Resort)*

The Formula 1 Las Vegas Grand Prix is scheduled to be on November 16-18, 2023. Palms Casino Resort recently announced its exclusive packages with a two-night stay, two F1 tickets, dining credit, and more.