MAY 26 Issue - Vegas Business Digest Recap
MAY 26 2022 / ISSUE NO. 75 / ARCHIVE
This Week's Top Stories
Athletics Release First Renderings of Club's Proposed New Ballpark in Las Vegas
Today, the Athletics released its first renderings of the Club’s proposed new ballpark at the 9-acre Tropicana site located on the Las Vegas Strip. The ballpark will feature a partially retractable roof and a fan capacity of 30,000. Construction is estimated at $1.5 billion and will crate more than 14,000 construction jobs.
On May 24th, Governor Joe Lombardo announced a tentative agreement between his office, the A’s organization, Treasurer Zach Conine, and Clark County officials to forward a bill for consideration by the Nevada Legislature that would bring the A’s to Las Vegas. As a part of the proposed legislation, the public-private partnership includes public financing constituting no more than $380 million, which is less than 25 percent of the total $1.5 billion construction cost.
Three Square Food Bank Names Beth Martino as President and CEO
Three Square Food Bank announced Beth Martino as its president and CEO. Her official first day is June 5th.
Martino has over 20 years of leadership experience in food bank, public affairs, and healthcare sectors. Prior to Three Square, Martino was the senior vice president of public affairs for the American Health Care Association, the nation’s largest association representing nursing homes and assisted living communities.
PNC Chief Economist Gus Faucher: Industrial Production Rebounds in April, Including Big Increase in Manufacturing. But Sector Is Flat
This article is written by PNC Chief Economist Gus Faucher.
- Industrial production rose 0.5% in April, after no growth in the two previous months.
- Output is basically flat over the past year.
- Higher interest rates will be a drag on the industrial sector this year, with a recession leading to a decline in output in the second half of 2023. Output should start to recover in 2024.
Nevada Receives $4.5 Million to Cleanup Brownfield Sites
The U.S. Environmental Protection Agency (EPA) is awarding over $4.5 million to Nevada to expedite the assessment and cleanup of brownfield sites that are abandoned or underutilized due to pollution from industrial use.
In Southern Nevada, City of Las Vegas will receive $2,000,000 to clean up Symphony Park, the largest brownfield site in Las Vegas. Remediation will position the site for redevelopment into a cultural center. And City of North Las Vegas will receive $498,750 to conduct environmental site assessments in Downtown North Las Vegas, focusing on former gas stations, auto shops, and sites with chemical contamination.
Q&A: Cristina Reding, Founder of Aroma Retail and Inc. Magazine’s Female Founders 200
For this year's Small Business Month in May, we decided to feature Cristina Reding, who is the founder of Aroma Retail and recently named to Inc. Magazine’s Female Founders 200.
Cristina Reding is the owner and CFO of Aroma Retail, which provides environmental scenting solutions for homes and businesses, including pure grade fragrance oils used by world-class resorts. Recently named to Inc. Magazine’s Female Founders 200, Reding founded Aroma Retail in her kitchen in 2017 and has grown the business to more than $5 million in annual revenue and 25 employees.
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