Knowing Nadia Arroyo's distinct taste, I can relive the memories that I spent with the famous Society of Seven in Honolulu. Polistico was the longest Filipino Entertainment celebrity show in Honolulu, with over 14 years of “must-see” when visiting Hawaii during the 80s and 90s.  

Combined with another over 10 years performing in Las Vegas, Polistico has the right and all the credibility to compare beautiful places and their beaches.

Palawan, Philippines' largest province is considered home to the best beaches in the country. To understand its full aura, one must experience snorkeling or swimming and let that tan naturally magnify the coastal experience.

Palawan is a diverse expanse of landscape with a combination of beach activities. Walk around its villages and it is like a museum of culture and passion.  Many pioneers or the first families who developed the island are still alive and with them are historical landmarks.  Don't miss the Ponce Garden in Puerto Princessa, a former residence of Congressman Ponce who is among the pioneers of Palawan.  He has many international friends from Japan who love him.  True enough many Japanese live in Palawan.  One of the best tourist destinations is named HONDA Bay.  Not at all a coincidence!

To complete your experience never let pass the opportunity of tasting Palawan seafood, spoil yourself with crabs, giant shrimps, and lobsters, a savory taste that will tickle your imagination. It is not just more of the thought that made me smile, it’s the thought that it’s authentic, Jun Bioco said. Palawan as a whole has an Inspiration-inducing buffet combination of different experiences from its coastal colors,  white in some areas, pink, and my favorite cafe latte- colored, Noubikko said.

Palawan is like the centerpiece of things to visit in the Philippines.  In addition to its beautiful beaches, Palawan cuddles many breathtaking islands like El Nido and Coron.  And, don't forget on your bucket list, the fabled, the most expensive island resort named BANWA which is right in front of  Tumarbong, Roxas, the site of the most perfectly heavenly created cafe latte beach, home of the Catalina Luxury Residence,

Beulah International Development says that when the Tumarbong is developed, there will be a twist of vanilla in the cafe latte-colored sands, Carlos de Castro, interior architect to some of the Philippines' famous landmarks, like Okada, Solaire, and Raffles Hotels.  

We know that we cannot own the things we experience. But the memories and the unforgettable warmth of Filipino hospitality are yours free to reminisce for as long as you live. Go and experience.  See for yourself "The rainbow of Palawan, with love!" Take it from me, said Jun Polistico

 
Tumarbong, home of the future Catalina Luxury Residence in particular, is about wonderful people, the picturesque sand, the seafood, and the grandeur of that magnificent café latte-colored beach to behold. 

By Tomas Kauer

August 24, 2023 -  Manila, Philippines -  Not Jasmine Tea. Not Milk, but Café Latte- colored beach sand, Noubikko said, CEO of RPConnect.

Palawan Island is one lucky place to have a Cafe Latte color of the sand because  it is youthful and energetic.  It's coffee without caffeine!  Its provides emotional strength, optimistic, uplifting , mnd most of all, it fun!

This golden bright blush is a result of crushed coral mixing with the shells. Travelers often come just to watch how this café latte sand reflects the sun which is constantly flocking the natural sparkles of their colorful underwater show. Carlos de Castro, said.  Carlos is the interior architect of several of the iconic landmarks in the Philippines, like Okada, Solaire, and Raffles Hotel.
 

Palawan Beaches are so indulging that an all-day excursion poses like an unnecessary option. Surround that with the gentle murmur of waves and the occasional laughter of fellow beach-goers is a day well-spent that can confuse the mind if there is any available comparison.

While in Palawan you are guaranteed to be mesmerized by the warm crystal-clear waters that gently lap the shore and an underwater spectacle.  If you are a nature lover, this pristine café latte sand is just magic!  

So go ahead, lay out your towel, and let the waves’ rhythm set the pace. Get your sunglasses ready, and see the fish darting around your toes like a lounging session also ready to relax with your feet…  The rest…  leave your imagination and explore the underwater rainbow which no word fits better.

This slice of paradise boasts a stunning perfect soaking of the sun and splashing pure bliss.  It's a sunbather’s dream in crystal-clear waves gently kiss the shore, Jun Polistico, the legendary King of the Philippine Ballad said.

Visiting Japanese Investors in the Philippines and Beulah Team (standing from right) Takashi Sakakibara, GMJB, Haru Yamashita, Noubikko, Sonte Kaishuu, Mark Alfie, Shuichi Masamoto, Nelia Aguilar, Archi. Carlos De Castro, Raner Sulit

 In Palawan there’s no need to rush; the sun generously bathes the beaches all year round, Nadia Arroyo, President of Beulah International Development

The Village of Tumarbong, located in Palawan is a dream where the sun paints the sky, reflecting a spectrum of blues.  With the café latte-colored sand, the sunset will make aurora borealis jealous with plenty of colorful contrast to compare. In the picture, overlooking the most expensive Banwa Resort.  It is the chosen place of Carlos de Castro's luxury residential masterpiece, named after his granddaughter, CATALINA

A visit isn’t complete without snorkeling and gazing at colorful fish that hug your imagination. It’s no wonder visitors leave with dazzling stories and come back for more.  One visit encourages social communication and creativity! 

You don’t need to be a visionary to calculate luxury, this 8.8-hectare of resort comes close to Utopia.  The master plan of the village is created under-the-radar of Carlos de Castro in a mix of paradise—cocktails of zen on the beach, laced with full services which are all included, from massage to the fully stocked kitchen in your villa to all meals and drinks at your command, Nadia Arroyo said, President of Beulah.

BEULAH is set to build Luxury Residences, one is Catalina located in Roxas, Palawan. Beulah's Catalina Brand is a masterpiece, named after the first granddaughter of Carlos de Castro.  A Brand that already defines the architectural work the architect must have put into if it's named after his beloved grandchild … like a gem set by Cartier to cover a high-above-the-much-adorned, said Noubikko, CEO of RPConnect. 

The Philippines has a beautiful coastline given its geographical position. As a nation made up of over 7000 islands, the country’s unparalleled coastline can be fairly called home to some of the world’s most beautiful beaches introduces initiatives that streamline the processing of long-term visas which are pivotal moves that underscore the sector’s potential for investors.

Visiting Japanese Investors in Tumarbong, Roxas,  (names from left to right) Jun Bioco, Carlos de Castro and Noubikko from Beulah Development;   From right to left are the Japanese Guests,   Kozue Aya, Kanako Samejima,Takashi Sakakibara, Sonte Kaishuu, Tomoko Kikuchi, Haru Yamashita, and Shuichi Masamoto 

Tumarbong Boasts its finest Cafe Latte colored sands

Once the village is developed, spend the day in these crystal blue-green waters or sunning on a secluded café latte-colored sand beach, and, you will forget about life on the mainland…  You may never want to leave, said Jun Polistico, the legendary King of the Philippine Ballad. 

One notable example of their collective impact was the "Election 2024: Your Voice! Your Choice!" event held at the +63fifty Events Center. With a sold-out crowd of over 300 attendees, this forum provided a platform for Filipino American voters to engage with candidates from all levels of government.

Senator Jackie Rosen, Assemblywoman Erica Mosca (District 14), and Las Vegas Justice Court Judge Dept. 5 Judge Cynthia Cruz along with numerous other candidates, participated in the event, outlining their plans to address the community's top concerns. Despite differing political affiliations, all candidates demonstrated a shared commitment to improving the lives of Filipino Americans through effective policies and programs.

To address the persistent voting barriers faced by many Filipino Americans, community leaders have launched a comprehensive initiative. This includes "Election 2024," a dedicated two-page column within the Philippine Times of Southern Nevada, serving as a valuable platform for information and resources. Additionally, community-wide events such as the "Meet Your Candidates" forums in Henderson and North Las Vegas have been organized. These initiatives, spearheaded by The Philippine Times of Southern Nevada in collaboration with FAMAN, FACCGN, Fil-Am TV, and PHLV Radio, aim to provide essential information and resources to voters, empowering them to participate fully in the electoral process.

With approximately 200,000 Filipino Americans in Nevada, a collective voice is essential in shaping the future of their community. By actively participating in the electoral process and casting votes, Filipino Americans in Nevada can empower themselves and drive positive change.

In a recent data released last August by AAPI Data- a leading research and policy organization producing accurate data for Asian American, Native Hawaiian and Pacific Islander communities , 90% of Filipino American voters are planning to vote in November — with 74% being absolutely certain they will vote. (2024 and 2020 Asian American Voter Surveys). This demonstrates their unwavering commitment to being heard.

Beyond voting, Filipino Americans have also been actively involved in various community initiatives. Numerous organizations have worked tirelessly to provide essential services, support local businesses, and promote cultural understanding. These efforts have strengthened the community and helped to foster a sense of belonging.

However, there is still much work to be done. We must continue to shed light on policies and issues that impact Filipino Americans in Nevada, such as affordable housing, mental health services, and support for immigrant families. Additionally, we must strive to bridge the gap between generations, ensuring that our younger members are connected to their heritage and empowered to become future leaders.

By working together and leveraging the power of a collective voice, members of the community can create a more equitable and inclusive future for Filipino Americans in Las Vegas. Let us continue to inspire and empower each other, and build a community that is strong, resilient, and united.

Written by: Leizel Trinidad

Introduction

Filipino Americans have been a vibrant and integral part of the Southern Nevada community for decades, contributing significantly to the region's economic, cultural, and social fabric. In recent years, Filipino Americans have also emerged as a significant political force, making their voices heard and their presence felt in the halls of power. This voter guide explores the growing political influence of Filipino Americans in Southern Nevada and the factors contributing to their increased visibility.

A Brief History of Filipino Americans in Southern Nevada

The Filipino American community in Southern Nevada has a rich history dating back to the early 20th century. Many Filipino immigrants came to the region in search of better economic opportunities, primarily working in the hospitality, medical and gaming industries. Over time, they established thriving communities, contributing to the cultural diversity and energy of the region.

Factors Contributing to Increased Political Influence

Several factors have contributed to the growing political influence of Filipino Americans in Southern Nevada:

• Population Growth: The Filipino American population in Southern Nevada has experienced significant growth in recent years, making them a substantial demographic group within the region. This increased population size has given Filipino Americans greater political clout and visibility. There were approximately 168,200 Filipinos living in Las Vegas in 2020 according to a report released by APIAVote.org. It also stated that Filipinos make up about half of the Asian American and Pacific Islander community in Nevada, which is roughly 18% of the state's population. 

• Community Engagement: Filipino American organizations and community leaders have played a crucial role in mobilizing their community and advocating for their interests. These organizations have worked to educate members about the political process, encourage voter registration, and support candidates who align with their priorities. i.e. FAMAN (Filipino American Media Association of Nevada), Filipino American in Political Organization With Equal Representation (Fil Am in POWER)., and National Federation of Filipino American Associations NV (NaFFAA NV) just to name a few.

• Economic Impact: Filipino Americans have made significant contributions to the Southern Nevada economy, particularly in the hospitality, medical and gaming industries. Their economic power has given them a stronger voice in shaping the region's policies and priorities.

• Political Awareness: Filipino Americans have become increasingly politically aware and engaged, recognizing the importance of participating in the democratic process. This increased political consciousness has led to greater involvement in local, state, and national elections. For 2024 elections, we have the following Filipino American candidates who are running for office: 

• Erica Mosca, Assembly District 14 (E Charleston Blvd, E Sahara Ave and Vegas Valley Drive Between the 95 Fwy and S Nellis Blvd.)

• Aaron Bautista, State University Regent District 4 

• Karl Carata- CCSD District A,(Clark County areas in Henderson, Laughlin and Searchlight NV)

• Ron Quince running for Congress. 

Examples of Political Influence

Filipino Americans have achieved notable successes in Southern Nevada politics, including:

• Elected Officials: Several Filipino Americans have been elected to local and state offices, representing the interests of their community and advocating for policies that benefit all residents.

• Lobbying Efforts: Filipino American organizations have engaged in lobbying efforts to address issues important to their community, such as immigration reform, healthcare access, and education. i.e. Philippine Nurses Association of Nevada.

• Civic Engagement: Filipino Americans have actively participated in civic initiatives, such as voter registration drives, community clean-ups, and volunteer work. Their involvement has helped to strengthen their community and build relationships with other groups.

Conclusion

The growing political influence of Filipino Americans in Southern Nevada is a testament to their resilience, determination, and invaluable contributions to the region. As their population continues to expand and their community becomes increasingly engaged, Filipino Americans are poised to play an even more significant role in shaping the future of Southern Nevada. Their unique perspectives, cultural richness, and deep-rooted commitment to their community make them a vital force in local politics. As they continue to advocate for their interests and those of their fellow citizens, Filipino Americans are poised to become even more influential leaders in Southern Nevada and beyond. 

During the meeting, Beulah expressed the urgency to Wardwizard Innovations to undertake  critical deliverables. Wardwizard will send samples of D+8 and D+10 commercial vehicles for the Department of Transport (DOT) within 45 days. Discussions were held regarding the requirement for 6, 9, and 12-meter electric buses, with Wardwizard showing significant interest. The expected volume for these buses is set at 5,000 units over the next three years.

Wardwizard also invited Scientist and Desigers to come to the Philippines to plan to convert existing buses that are 10 years or older into electric, aligning with the modernization goals. 
To support this transformation, Beulah and Wardwizard will develop comprehensive charging infrastructure across the Philippines over the next three years and offered an initial credit line of 5 million dollars. Furthermore, a dedicated electrification fleet to and from the airport will be established by Beulah and Wardwizard. 

The meeting was attended by Jun Bioco, General Manager of Beulah International; Jun Polistico, Director of Beulah International; Mr. Noubikko P. Ulanday, CEO of RPConnect; Mr. Yatin Gupte, Chairman and MD of Wardwizard Innovations; Mr. Shreyas, Head of Production and Business Development (Exports) at Wardwizard Innovations; Mr. Mohan, Technical Associate at Wardwizard Innovations; and Mr. Rahul Awadh, Technical Associate at Wardwizard Innovations.

Noubikko, CEO of RPConnect, remarked, “The ongoing developments with extensive discussions with Wardwizard which highlight Beulah’s commitment to revolutionizing public transport in the Philippines. He said, the Directors are confident that this initiative will bring substantial economic benefits and create new job opportunities.”

Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd., expressed delight over the progress. He said “We are thrilled to advance our collaboration with Beulah. The discussions in the Philippines mark a significant step towards transforming their public transport system with our innovative electric vehicle solutions. By integrating our cutting-edge electric vehicles with Beulah’s strategic execution capabilities, we are poised to make a profound impact on the transportation infrastructure in the Philippines. 

The initiative of the meeting showcased Wardwizard technological prowess but also emphasizes the importance of international cooperation in addressing global environmental challenges. We look forward to working closely with Beulah International and the Department of Transport in the Philippines to bring about a new era of eco-friendly transportation”

This partnership aligns with the Philippine Government’s Public Utility Vehicle Modernization Program (PUVMP), promoting a safer, more efficient, and environmentally friendly transportation system.

About Wardwizard Innovations & Mobility Limited 

Wardwizard Innovations & Mobility Ltd. is one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to have a positive impact in the future. Given the current state of the environment, where fuel-powered vehicles account for the vast bulk of carbon emissions, the company is promoting improvement by offering cleaner, greener options that produce no emissions. With more than 10 models in its portfolio in both high and low-speed categories, the Company has established a strong presence in more than 400+ major cities across India and aspires to boost this number throughout the country.

About Beulah International Development Corporation

Beulah International Development Corporation (BEULAH), backed by RPConnect Group is a leading business integrator in sustainability and renewable energy. Both provides comprehensive services, from technology sourcing and investor search to project planning, management, and facility turnover in the Philippines and abroad. Their work includes most of the iconic structure found in the Philippines, Hongkong and Singapore.  All focused and committed to reducing costs through renewable energy solutions.  All Directors boast an experience in the industry with a total of 40 years creating landmarks.

Marcos, along with Czech President Petr Pavel, witnessed the signing of deals during the Philippines-Czech Business Forum held at Czernin Palace.

Among the agreements signed was the memorandum of understanding on cooperation between the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) and the Electrical and Electronic Association of the Czech Republic (ELA).

Under the deal, SEIPI and ELA will establish a long-term collaborative relationship in the field of electronics that would include participation in the global network of leading technology and innovation centers or engagement of small and midsized companies.

The IT and Business Process Association of the Philippines, Inc. (IBPAP) and the Confederation of Industry of the Czech Republic (SPCR) also signed an Agreement of Mutual Cooperation to promote commercial and industrial relations.

The cooperation deal between the IBPAP and SPCR covers the exchange of better practices on policy and regulations; the development and promotion of information technology (IT) competencies; and certification or facilitation of responsible implementation of artificial intelligence.

Likewise signed was the Agreement of Mutual Cooperation between the Philippine Chamber of Commerce and Industry (PCCI) and the SPCR to promote trade and investment between the Philippines and the Czech Republic.

There will be exchanges of trade missions, organization of trade and investment seminars, and exchange of market information between the PCCI and the SPCR.

In his speech, Marcos said the agreements mark a significant milestone in the two countries’ journey towards mutual prosperity.

“These agreements are not just documents. They are a commitment to unlocking the vast potential that lies in our partnership,” Marcos said.

“Today’s agreements also signify a very exciting step forward. They embody our commitment to complement our strengths and explore new avenues of cooperation,” he added.

Marcos said the Philippines, with its strategic location and vibrant economy, is committed to becoming a reliable partner for the Czech Republic in implementing its Indo-Pacific Strategy.

“We believe that by working together, we can achieve our shared goals of stability, economic growth, and sustainable development in the region,” he said.

Free trade talks

Marcos also asked for the Czech Republic’s support for the resumption of negotiations for the Free Trade Agreement (FTA) between the Philippines and the European Union (EU).

He said the resumption of talks for the FTA would be a “big step” in furthering the Philippines’ trade ties with the EU member-states, including the Czech Republic.

He said the free trade deal is essential in establishing “a stable, predictable, and enabling business environment that promotes inclusive and sustainable growth and development."

The Philippines and the EU launched exploratory talks on bilateral FTA in 2013.

There were two negotiations held in Brussels in 2016 and in Cebu in 2017. Talks have been on hiatus since then.

Marcos said he also looks forward to welcoming Czech Republic companies to further discussions and potential industry cooperation during the Joint Committee on Economic Cooperation in July this year.

He said the forum aims to deepen the dialogue, explore new partnerships, and foster an environment conducive to business and investment between the Philippines and the Czech Republic.

“With mutual respect and understanding, we can forge a partnership that not only benefits our nations but also contributes to the broader goals of peace, prosperity, and stability in the Indo-Pacific Region and beyond,” Marcos said.

The Czech Republic ranked as the Philippines’ 39th trading partner, 28th export market, and 47th import supplier in 2022, with total bilateral trade amounting to USD303.21 million. (PNA)

We sipped the coffee black with a splash of cream and evaluated them for flavor, acidity, and richness. We researched the companies’ sourcing and gave points to Fair Trade, organic, and other practices that are environmentally conscious and favorable to the farmers. We also factored in prices and the range of offerings. Then, the magic was maid which is blending with cream, with a little bit of that and a little bit of this (secret formula, of course).  Voila!  Cofficery was born.

Paranaque is one lucky suburb to have tested several brands in multiple must-try, must-see, tried that and tried this, which all ended with one choice:  Cofficery, a Coffee shop + restaurant + office all rolled into one perfect concept, said Jun Polistico, King of the Philippine Ballad.

Sometimes a dark roast is too dark, or a light roast too light, but we have solved that issue, Martha, said.  Along with dark, medium, and light, we offer dark-medium and medium-light options, so there’s truly a taste for every palate. Attention to detail extends from careful sourcing, through philanthropy designed to boost conditions in growing regions — even their packaging, so you can feel good pay cup after cup.

Cofficery is not just a coffee shop, it's a full-service restaurant with an aura of an office + coffeeshop.  And, if you need coffee to do your job well, just think about COFFICERY –that’s the inspiration behind this coffee. Founded to live up to its “bold” name, Coffee + Office.  It's a sip of inspiration-infused coffee and food to jolt you and inspire your boss for your next performance review.  Take it from a Lawyer who drinks several cups of coffee and needs access to an office in a limited time.

Cofficery offers an array of chosen must-try and get ready to be addicted menus. 

Cofficery is not just a coffee shop, it’s a full gourmet restaurant.  From the more traditional (Vanilla Bean Blossom, Pumpkin Spice) to the super-creative (Caramel Apple, Maple Pecan, Coconut Creme, Peach Nectar). The cofficery uses, real spices, so you get a hit of natural sweetness in the coffee and with no fake taste.  


Cofficery is a game changer, they say.  Starbucks and CoffeeBean are popular hype, but, if you want your cup in an office restaurant with the most satisfying brew, give the trophy to Cofficery.  It’s what Carlos de Castro, interior designer of Okada and Solaire Casino Resorts, said.  The aroma, the flavor, and even the ritual can spark investment interest, said Nadia Arroyo, President of Beulah Development.

Joshua Nungay (standing) during a business meeting at Cofficery while Atty Martha and team were listening

If you happen to be in Moonwalk, Paranaque, get your WAZE of Google Maps.   Don’t miss Cofficery which is located in Daang Batang and E-Rodriguez Ave Moonwalk.  Order an espresso or the double latte to discover for yourself the luscious coffee which stands to milk in lattes and cappuccino and get ready for a great shot.

Ecotranzits VIM while exiting the Bureau of Customs, December 23, 2023

The Directors of Beulah have evolved in different dimensions this 2023 said Nadia Arroyo,President of Beulah, who sent her well wishes all the way from Las Vegas from high-end residential development to Electric vehicles for 2023-24 and beyond.  Beulah International Development while focused on high-end residences to the introduction of affordable housing for the cooperatives, is no exception in the offering of high-end and one-of-a-kind materials, Carlos de Castro said.  It is always regarded as a blend of strokes as uniqueness matters, he quipped.

 Beulah Team, Atty Martha Rosete Law Firm and Leaders of Philippine Transport Cooperatives. 1. Arcadio Inso- Foundr/ Frmer Chairman & Current GM of Lungsod Silangan Coop; 2. Totoy Rabe - GM of Eastern Survivor Transport Servc Coop ; 3. Jun A. Bioco -GM-EV Transport  of Beulah; 4. Ramil Albano - BOD of National Federation of Transport Coops and Founder and Chairman of PAMAJOD Service Transport & MPCoop.; 5. Ramil Padrigo - Chairman of Cubao Rosario Sta. Lucia Transport Servc Coop[CURODA]; 6. Aldwin Dometita-Admin Mgr of Goudi Arquitectos; 7. Archt Carlos de Castro- GM for Transport Housing Project and Dir of Beulah; 8. Mike Reyes - Founder and Chairman of Eastern Survivor Transport Service Coop.

VIM which is the name of the ebus is now being inspected and recharged by our electric engineering team ahead of presentation to the Cooperatives. The linkspan is in full maintenance with a detailed assessment of its condition, said Jun Bioco, Beulah’s General Manager for EVs

The celebration marks another milestone in our community offering to build long-term participation of the Cooperatives with a positive profile.

The Ecotranzit facility assembly line in China, Morroco, and Kazakstan are gearing up for the upcoming purchase orders. EcoTranzit and Beula are also positioned to capture a greater share of the fast-growing market with the ability to quickly ramp up assembly as needed.
In 2024, Ecotranzit expects to commence distribution of other models that will incorporate advanced engineering and battery proprietary technology from modular and future-forward styling as well as telematics and performance data.

  
Transport Cooperative together with Beulah is constantly solving the complexity of fleet management by bringing together high-performance program applications. Ecotranzit features an internet-connected telemetry device that collects data between e-buses and customers to improve on-demand availability, visibility, and maintenance. Customers can use a portal to remotely adjust their customer settings before riding and even view reports on the driver’s performance when the ride is complete.

Saan Doukali, Founder and Board Member of Ecotranzit shakes hand with Beulah President Nadia Arroyo during the contract signing.  Witnessed by  Dipin Inasu (middle).

Transport experts predict that over the next decade, users of car-sharing systems may increase several times, and vehicle fleets to over four times, compared to today’s thousands.  This initiative contributes to the overall development of the community, Nadia Arroyo said, President of Beulah.


The EV Business is a push program of the Philippine Govt that is based on the Public Utility Vehicle Modernization Program (PUVMP), the flagship program of the Philippines Department of Transportation.  It’s a bold approach to modernizing the aging public transport system to provide a safe and daily systematic service. The total of units that need replacement is approximately 220,000 units.


Beulah is guided by the principles of environmental preservation through the sustainable program to create a continuing cycle to further stir public awareness about environmental preservation in support of the multi-sector campaign against Global Warming. Beulah is also working on its interest in Carbon Credit.


Recently, Beulah introduced its affordable housing designed by Carlos de Castro, famed for his Okada, Solaire, and Raffles interiors.  An affordable housing for the cooperatives that do not look affordable from any angle from its solar-powered roofs from Copenhagen to non-slip tiles, organic paints, and Canadian-made prefab materials… an offering of ownership, and an equitable way to find incentive programs in the banks, said Beulah President Nadia Arroyo.  Nadia Arroyo is a real estate expert and a resident of Las Vegas.

Carlos de Castro signs the Dream House affordable housing for the Transport Cooperatives

The flagship EV-Vehicle which is C2 and C3 are being planned with Investors to offer style and more safety", Jun Bioco, Beulah’s General Manager for Transport said, it's worth the wait, for sure, he added

Ecotranzit, Qatars first EV Transportation presence in the Philippines is an initiative contribution to the overall development of the community, Nadia Arroyo said, President of Beulah.  The EV Business is a push program of the Philippine Govt that is based on the Public Utility Vehicle Modernization Program (PUVMP) It’s a bold approach to modernizing the aging public transport system to provide a safe and daily systematic service. The total of units that need replacement is approximately 220,000 units.

Beulah is guided by the principles of environmental preservation through the sustainable program to create a continuing cycle to further stir public awareness about environmental preservation in support of the multi-sector campaign against Global Warming. Beulah is also working on its interest in Carbon Credit. "Protecting the environment is a moral responsibility that is not confined with the government alone", Carlos de Castro said. Rather, it extends to other spectrums of our society, including the private and business sectors", he pointed out.

Architect Carlos de Castro and Nadia Arroyo, President of Beulah

Carlos de Castro, the Architect behind the projects of Beulah International Development Corporation,  emerges silently with his wide ideas.   "He is distinctive and can incorporate a vision that you’ve already seen, dreamed of, and visualized.  His designs are like messages that are composed of passion enveloped with every aspect of how we understand what is beautiful... like a litmus paradigm that has evolved more beyond what only settles which belongs to time", Noubikko said, CEO of RPConnect.


Nadia Arroyo, CEO of Beulah International Development Corporation said "His architectural concept ensures safety with an urbanism that has been developed to positively respond to the challenges of biodiversity".   "He always finds the connective threads of common glow that harmoniously resonate across society", according to Atty Martha Rosete, Investment Legal Consultant; And, legendary entertainer Jun Polistico said it best "Carlos de Castro is like an ethos that is woven through every aspect of the international flair"

Investment Legal ConsultanAtty Martha Rosete; Nadia Arroyo, CEO of Beulah International Development Corporation.  And, Carlos de Castro.

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Dean Gettman is the CEO and founder of Platinum Contracting of Nevada, a Las Vegas-based full-service general contracting firm who specializes in underground utilities. Dean oversees the firm’s operations including business development and project management, spearheading its expansion to over 30 team members and the completion of more than $20 million in projects throughout Las Vegas within the span of five years. Dean is also the president of Lake Las Vegas Lake Management, LLC.

1) What is the current state of the underground utilities industry in Nevada and how do you see it continue to grow?

As the Las Vegas home market continues to grow, the need for underground utilities grows with it. Having the proper infrastructure in place for a growing Las Vegas region is imperative. With an average influx around 6,000 new residents per month, there is a dire need for reliable and efficient utility distribution systems.

The current state of the underground utilities market is stable and trending upwards. With the introduction of federal programs like the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), Broadband Equity, Access and Deployment (BEAD) Program funding, we anticipate the need for underground utilities to only increase in the coming months. Especially the need for properly installed power grids. If the grid cannot sustain demand the situation will become critical, as we've seen in such states such as Texas and California.

2) What kind of trend are you seeing in the underground utilities industry in the Western region states and do you think Nevada will follow them?

We are seeing more and more states mandating underground utilities, slowly eliminating the install of above ground or overhead utility installations. Cities who have implemented underground utility ordinances such as, Ft. Collins and Colorado Springs, Colorado and Anaheim, California, are reporting 99.9 percent reliability rates and some with more than a 97 percent reduction in electric outage minutes.

Nevada seems to be following suit with almost all new community developments implementing underground utilities. Not only are these installations more reliable, but they are also safer, reducing the likelihood of weather damage, damages caused by equipment and overhead lines and the need for maintenance.

3) What do you see as the demand for underground utilities from real estate developers and residents in Southern Nevada?

More and more developers are pushing for underground utilities. Aesthetically, they are more appealing when entirely hidden from view. It also reduces the risk of inclement weather knocking down overhead power lines, potentially damaging homes or causing outages. The push for moving all utilities underground continues to grow as reliability and efficiency is becoming a priority, and as we prepare to accommodate more energy sources like electric vehicles.

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The Culinary and Bartenders Union’s Culinary Health Fund unveiled the brand new Culinary Health Center - Durango, which provides primary and preventative care to eligible Culinary and Bartenders Union members and their families.

Located at 6392 South Durango Drive Las Vegas, NV 89148, the 98,800 square-feet Culinary Health Center is a 2-story facility that offers primary and pediatric care, dental services, labs, physical therapy, acupuncture, chiropractic care, acupuncture, mental health counseling, and laboratory services. Wellness classes, a physical therapy gym, and advocacy services are also offered to patients on a case-by-case basis. The center employs approximately 200 staff.

“We opened the first Culinary Health Center in 2017 and now Culinary Health Center - Durango. We are looking forward to building and opening 2 more over the next couple of years for a total of 4 Culinary Health Centers," said Ted Pappageorge, Secretary-Treasurer for the Culinary Union.

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Link Logistics has acquired Skyline Industrial Portfolio, which consists of six industrial buildings totaling 350,712 square-feet across 18.41 acres in the Southwest submarket of Las Vegas, for approximately $80,000,000. The portfolio is is 100% leased to 14 tenants and institutionally managed.

With over 1,000 employees throughout the U.S., Link Logistics is an institutional industrial real estate company that owns 545 million square-feet of logistics real estate.

“The Las Vegas industrial market continues to boast solid fundamentals and strong demand,” said J.R. Cisneros, Vice President of Investments for the Las Vegas market at Link Logistics. “The addition of these functional buildings with attractive specifications for tenants is very exciting for us as we continue to execute our market investment strategy of adding high-quality infill properties to our Las Vegas footprint.”

Colliers’ Western Region Industrial Capital Markets Group, comprised of Michael Kendall, Gian Bruno, and Kenny Patricia, partnered with Colliers’ Las Vegas market experts Dan Doherty, Paul Sweetland, Chris Lane, and Jerry Doty in marketing the portfolio. Colliers exclusively sold the portfolio on behalf of the private seller.

Nevada State College announced its spring 2023 graduating class has 895 students who will earn degrees in psychology, business, education, speech-language pathology, criminal justice, and nursing.

Founded in 2002, Nevada State College has 7,162 students in its undergraduate and master’s programs. Seventy-seven percent of its student population comes from a culturally diverse background and 56% of the population are first-generation students. Since 2020, Nevada State College has seen a significant increase in the Hispanic graduation rate climbing from 20% to 34% in 2022. Following spring commencement, the college will surpass 7,700 alumni.

“We are proud of Nevada State’s continued growth and expansion over the past two decades and our 900 students graduating this spring,” says Nevada State College President Dr. DeRionne Pollard. “The diversity of our student population continues to grow, and we are proud to serve and provide quality and affordable higher education to our diverse student body with a majority of students of color, first-generation, immigrant, non-traditional and transfer students.”

The growing nursing program will have 358 graduates this spring. The School of Education will have 151 graduates this year, a 70% increase compared to five years ago. To help address Nevada’s teacher shortage, Nevada State is supporting teachers in the education program this year with fully covered tuition through a $3 million grant from CCSD.

The Nevada System of Higher Education (NSHE) Board of Regents recently passed a vote to rename Nevada State College to Nevada State University. The Nevada State Legislature will vote on the renaming during the current legislative session and would take effect July 1, 2023 if passed.

Wynn Resorts announced a new integrated resort development in Ras Al Khaimah, UAE. This is a joint venture partnership with RAK Hospitality Holding LLC and Al Marjan Island LLC. Wynn Resorts has a 40% equity ownership in the development. This resort is estimated to open in the first quarter of 2027.

The new $3.9 billion hotel consists of 1,500 rooms, suites and villas, 120,000 square-feet of retail space, 100,000 square-feet of conference and meeting space, and a theater. Total gross floor area of the property is estimated to be 5.6 million square-feet, in which the gaming area comprises 4%. The site also provides 115-acre for future long-term development.

In comparison, the property gross floor area of Wynn Las Vegas is 10.7 million square-feet, in which the gaming area comprises 2%. The Las Vegas property has 34 food and beverage outlets.

MAY 19 2022 / ISSUE NO. 74 / ARCHIVE

This Week's Top Stories

Nevada’s Unemployment Rate Down in April

CARSON CITY, NV - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) April 2023 economic report, Nevada lost 2,900 jobs over the month. The state’s unemployment rate in April is 5.4 percent, decreased by 0.1 percentage point from 5.5 percent in March and increased by 0.2 percentage points when compared to April 2022.

Read More

Two Luxury Apartment Buildings Break Ground in Downtown Las Vegas

Southern Land Company broke ground on two luxury apartment buildings at Symphony Park in Downtown Las Vegas. Combined, the two new buildings will total more than 730,000 square feet and will bring 545 new units to the market.

Read More

Las Vegas’ First Cannabis-Friendly Hotel Opens on June 2

Las Vegas’ first cannabis-inclusive hotel, The Lexi Hotel, is scheduled to open on June 2. Located nearby the Las Vegas Strip and Downtown Las Vegas, the property features 64 guest rooms and suites in which each includes an advance RestorAir filtration system that employs Advanced Oxidation Cell technology.

Read More

Rockefeller Group Acquires Second Las Vegas Site for Industrial Park Development

Rockefeller Group announced today that it has purchased 7 acres of land in North Las Vegas for $8.5 million to develop two industrial buildings totaling 145,630 square feet. The project, Cheyenne Industrial Park, is located at 3102 North Lamb Boulevard and is fully entitled. Construction will begin by the end of year.

Read More

Hospitality Tech Firm Agilysys Opens West Coast HQ in Southwest Las Vegas

Agilysys, a publicly listed hospitality enterprise software company, is opening its west coast headquarters at the Narrative office building in southwest Las Vegas Valley. The company is occupying 36,181 square-foot of office space for its 130 local employees.

Read More

Las Vegas Multifamily Sees Rent Decreases, More Available Units

According to the Nevada State Apartment Association’s latest report, the greater Las Vegas valley continues to see a decrease in rent prices while the number of available units has grown. As rents around the valley have lowered by 2.2% in the last year, the average rent in Las Vegas is currently $1,430, which is below the national average of $1,660.

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LVGEA Announces Four New Board Members

Las Vegas Global Economic Alliance (LVGEA), one of the eight Regional Development Authorities in Nevada by the Governor’s Office of Economic Development for 2022-2023, announced four new members to its LVGEA50 Board of Directors.

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Gaudin Ford’s Commercial Vehicle Department raises $40,000 for the Boys & Girls Clubs of Southern Nevada

This week, the Gaudin Ford Commercial Vehicle Department presented a $40,000 check to the Boys & Girls Club of Southern Nevada for the needs of the James Clubhouse located in North Las Vegas.

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This week, the Gaudin Ford Commercial Vehicle Department presented a $40,000 check to the Boys & Girls Club of Southern Nevada for the needs of the James Clubhouse located in North Las Vegas.

The funds were raised at Gaudin Ford's third annual golf tournament held in April. The James Clubhouse features a brand-new game room, which was renovated with the $35,000 donation from last year’s Gaudin Ford Golf Tournament, along with a youth innovation lab, art studio, teen center, teen innovation lab, gym, and outdoor area with a field, patio area, and garden.

“We were thrilled with the turnout of our third annual golf tournament,” remarked Wesley Gregg, General Manager of Gaudin Ford. “Thanks to our sponsors and those who participated in the tournament which allowed us the opportunity to give back to an organization that does so much for the youth in our community – it just feels good.”

“This generous donation will make a significant impact by supporting us in renovating our cafeteria to help better serve the youth that walks through the doors each day," said Andy Bischel, President & CEO of Boys & Girls Clubs of Southern Nevada.

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CARSON CITY, NV - According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) April 2023 economic report, Nevada lost 2,900 jobs over the month. Employment is up 61,600 jobs since April 2022, an annual increase of 4.2%. The total employment level in the state is 1,540,300. The state’s unemployment rate in April is 5.4 percent, decreased by 0.1 percentage point from 5.5 percent in March and increased by 0.2 percentage points when compared to April 2022.

Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):

• Las Vegas employment decreased by 500 jobs (0.0%) since March, an increase of 52,700 jobs (4.9%) since April 2023.
• Reno employment had no change since March, an increase of 10,100 jobs (3.9%) since April 2023.
• Carson City employment had a decrease of 200 jobs (-0.6%) since March, an increase of 1,200 jobs (3.9%) since April 2023.

“This month’s release continues the trend of recent months, with relatively strong employment growth over the past year but also a high unemployment rate compared to other states. Our change in employment from March to April was somewhat weaker than expected for this time of the year, particularly among full-service restaurants, retail trade, and other personal services.” said David Schmidt, Chief Economist.

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Today, Southern Land Company broke ground on two luxury apartment buildings at Symphony Park in Downtown Las Vegas. Combined, the two new buildings will total more than 730,000 square feet and will bring 545 new units to the market.

One of the buildings is a five-story mid-rise that will have 275 one- and two-bedroom units from 570 to 1,297 square feet. The other building is a 22-story high-rise that will have 270 one- and two-bedroom units, along with penthouses, ranging from 570 to 3,160 square feet. The ninth floor will feature an outdoor fitness terrace and a resident lounge with bar. The building will have more than 16,500 square feet of commercial and retail space on the first floor. Both buildings will have lounge, concierge, dog run, fitness center, pool and hot tub, cabanas, bike storage, and other amenities.

Construction for both projects is estimated to take approximately 27 months with completion planned for mid-year 2025. GDA Architects designed both projects. Burke Construction Group is the general contractor for the mid-rise building while T.B. Penick & Sons is the general contractor for high-rise building.

Symphony Park is a 61-acre master planned mixed-use community home to the Smith Center, Cleveland Clinic Lou Ruvo Center for Brain Health, Discovery Children’s museum, and multiple apartment buildings. Symphony Park is adjacent to the Las Vegas Premium Outlets North, World Market Center, Zappos’ headquarters, federal courthouses and the Las Vegas Medical District. Southern Land Company’s first project at the Symphony Park was Auric, a luxury apartment development project opened in 2021.

At the ground breaking ceremony, Southern Land Company Founder and CEO Tim Downey also announced a $5,000 gift to The Mayor’s Fund for Las Vegas LIFE to support the Going Green for Good Health initiative, which is committed to planting 60,000-plus trees by 2050 in areas of the city most affected by the urban heat island. The gift will purchase 10 park-ready trees.

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Rockefeller Group announced today that it has purchased 7 acres of land in North Las Vegas for $8.5 million to develop two industrial buildings totaling 145,630 square feet. The project, Cheyenne Industrial Park, is located at 3102 North Lamb Boulevard and is fully entitled. Construction will begin by the end of year.

The site is within a one-day drive to ten major U.S. cities and Mexico and is near Interstate I-15, Harry Reid International Airport, and the Las Vegas Intermodal Terminal. The project will include two buildings, a 104,440 square foot building and a 41,190 square foot building. The smaller building will include 62 auto-parking stalls and a 135’ truck court.

Rockefeller Group was represented by Jason Simon and Rob Lujan of Jones Lang LaSalle’s Las Vegas office who will also be the listing brokers for the project. HPA Architecture will design the project and Martin Harris Construction will be the general contractor.

The company also announced that it has begun construction on its first development in the region, Nellis Logistics Center, a 134,100 square foot distribution facility, which is located at the southwest corner of North Nellis Boulevard and East Carey Avenue.

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Las Vegas’ first cannabis-inclusive hotel, The Lexi Hotel, is scheduled to open on June 2. Located nearby the Las Vegas Strip and Downtown Las Vegas, the property features 64 guest rooms and suites in which each includes an advance RestorAir filtration system that employs Advanced Oxidation Cell technology.

The Lexi Hotel includes 44 Kings and 16 Doubles standard rooms, two 600 sq. ft. suites, one 1,000 sq. ft. materpiece suite, and one 1,100 sq. ft. penthouse suite. The hotel also has a resident DJ for entertainment and performance.

The hotel is the newest addition to the Elevations Hotels and Resorts portfolio. A members-only lounge, Elevations Nation, provides exclusive dinners, experiences, and invitations to special events, well-being activities, drink tastings, and more.

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According to the Nevada State Apartment Association’s latest report, the greater Las Vegas valley continues to see a decrease in rent prices while the number of available units has grown. As rents around the valley have lowered by 2.2% in the last year, the average rent in Las Vegas is currently $1,430, which is below the national average of $1,660.

“The changes we are seeing in the Las Vegas market are due to several factors including new multifamily housing properties in development, renters transitioning to different living situations and out-of-state interest subsiding,” said Robin Lee, executive director of the NVSAA.

Currently, 26 new multifamily properties are under development or slated for development in the greater Las Vegas area. With these new properties, inventory in the area will increase by 4.6% when the last is projected to finish in early 2024.

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Las Vegas Global Economic Alliance (LVGEA), one of the eight Regional Development Authorities in Nevada by the Governor’s Office of Economic Development for 2022-2023, announced four new members to its LVGEA50 Board of Directors, a diverse group of public and private sector leaders and the largest business board of its kind in Nevada.

Jason Adams is the founder and president of BEX Sunglasses Company, an ultra-lightweight eyewear company based in Logandale, NV. Born and Raised in Las Vegas, Adams had a successful professional rodeo career before founding BEX Sunglasses in 2009.

Molly Hamrick is the president and COO of Coldwell Banker Premier Realty. Since acquiring Coldwell Banker with her husband in 1998, she has grown the company to more than 300 sales associates and over $1B in annual sales volume. Hamrick is also a founding trustee and chairperson for the Board of Directors at Southern Hills Hospital.

Scott Muelrath has served as president and CEO of the Henderson Chamber of Commerce since 2011. Muelrath received the Urban Entrepreneurial Spirit Award of the Year by the Nevada District office of the U.S. Small Business Administration in 2022 and was also named Non-Profit Executive of the Year at the 29^th Silver State Awards.

Mary Beth Sewald is the president and CEO of the Vegas Chamber, Nevada’s largest business association. Sewald has been honored with the Silver State Award for Excellence in Service and named one of Nevada Business Magazine’s 2019 Women to Watch.

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Agilysys, a publicly listed hospitality enterprise software company, is opening its west coast headquarters at the Narrative office building in southwest Las Vegas Valley. The company is occupying 36,181 square-foot of office space for its 130 local employees. Agilysys operates across North America, Europe, Asia-Pacific, and India with corporate services located in Alpharetta, GA.

Developed by G2 Capital and LaPour Partners, Narrative is a four-story, roughly 100,000-square-foot Class A office building located in the southwest Las Vegas Valley. Agilysys joins Colliers International as the first tenant to take occupancy in the building.

Narrative broke ground in February of 2020 and was officially completed in December of 2022. The building is currently 75% leased. Designed by Yihoung Liu + Associates and constructed by Burke Construction, the building features a fitness room, lounge, private balconies, quiet room, conference room, bike to work capability, outdoor fitness equipment and seating areas along a quarter-mile wellness path.

“Agilysys move is part of a larger trend we are seeing, post COVID, where companies are relocating to new, best-in-class office buildings to appeal to their team members’ desire for a fresh space featuring walkable amenities and convenience. We are pleased with the response we are seeing from the market,” said Narrative partner Frank Marretti with G2 Capital.

MAY 5 2022 / ISSUE NO. 73 / ARCHIVE

Top Stories

shareDOWNTOWN Opens New Fremont East Apartment

Cherry Development opened its second shareDOWNTOWN multifamily property in Las Vegas. The five-story building consists of 84 units on four floors and a fashion pop-up store by Thrifters Anonymous on the ground floor.

Read More

Nevada State College Announces Largest Graduating Class in History

Nevada State College announced its spring 2023 graduating class has 895 students who will earn degrees in psychology, business, education, speech-language pathology, criminal justice, and nursing.

Read More

Wynn Resorts Plans New $3.9 Billion Development in UAE

Wynn Resorts announced a new integrated resort development in Ras Al Khaimah, UAE. This is a joint venture partnership with RAK Hospitality Holding LLC and Al Marjan Island LLC. Wynn Resorts has a 40% equity ownership in the development. This resort is estimated to open in the first quarter of 2027.

Read More

Link Logistics Acquires Las Vegas Industrial Portfolio for $80 Million

Link Logistics has acquired Skyline Industrial Portfolio, which consists of six industrial buildings totaling 350,712 square-feet across 18.41 acres in the Southwest submarket of Las Vegas, for approximately $80,000,000. The portfolio is is 100% leased to 14 tenants and institutionally managed.

Read More

Deloitte and Newmark Sign Leases at UnCommons

Matter Real Estate Group announced that Deloitte and Newmark will be among the first tenants of Phase II of UnCommons, a 40-acre mixed-use urban development in southwest Las Vegas.

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Q&A: Dean Gettman, CEO and Founder of Platinum Contracting of Nevada, on the Growth of Underground Utilities Industry

Dean Gettman is the CEO and founder of Platinum Contracting of Nevada, a Las Vegas-based full-service general contracting firm who specializes in underground utilities.

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Culinary Health Center - Durango Opens in Southwest

The Culinary and Bartenders Union’s Culinary Health Fund unveiled the brand new Culinary Health Center - Durango, which provides primary and preventative care to eligible Culinary and Bartenders Union members and their families.

Read More

Guest Column:

SPREAD THE WORD: Southern Nevada is the world’s leader in water sustainability

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Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: press@vegasbusinessdigest.com

APRIL 14 2022 / ISSUE NO. 71 / ARCHIVE

This Week's Top Stories

MGM Receives Official Certification of Its $10 Billion Development in Japan

Japan’s Ministry of Land, Infrastructure, Transport and Tourism has officially certified the Area Development Plan submitted by Osaka Prefecture/City and Osaka IR KK, a joint venture entity between MGM Resorts Japan and ORIX Corporation. This certification is one of the final steps in the licensing process for MGM Resorts Japan and its joint venture partner to start the new $10 billion development project in Osaka.

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Nevada Receives $63 Million Federal Funds to Upgrade Water Infrastructure

More than $63 million from the Bipartisan Infrastructure Law has been awarded to Nevada to improve or replace the state’s water pipes, tanks, and treatment plans.

In February, U.S. Senator Catherine Cortez Masto announced that the state of Nevada will receive $11,390,000 this year from the U.S. Environmental Protection Agency’s (EPA) Clean Water State Revolving Fund (SRF) to help communities upgrade essential water, wastewater, and stormwater infrastructure.

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AIA Las Vegas Celebrates 2nd Annual Women Building Nevada Symposium

The American Institute of Architects Las Vegas Chapter’s Women in Architecture Committee hosted its 2nd Annual Women Building Nevada Symposium during Women’s History Month at the Blind Center of Nevada.

The mission of the symposium was to celebrate, elevate and acknowledge the women who make a different in the community and built environment through design, planning, construction, development, and public policy.

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Q&A: Sara Hall, VP of Client Services at Braintrust, on Marketing and Media Strategy for Businesses

Sara Hall is the Vice President of Client Services at Braintrust, an integrated marketing agency firm with offices across the country. For over 15 years, Hall has influenced hospitality in Las Vegas and beyond. Before Braintrust, she was instrumental in the strategy and development of hotel promotions and marketing campaigns for multiple properties with MGM Resorts International.

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Urban Farm Opens in Historic Westside

A new urban farm opened at Las Vegas’ Historic Westside this week. The project was funded by a $500,000 donation from MGM Resorts International to The Mayor’s Fund for Las Vegas LIFE.

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VGK Ball Hockey Rink Opens in Lorenzi Park

A new ball hockey rink opened in City of Las Vegas' Lorenzi Park this week. This project was funded by a donation from the VGK Foundation, with support from the NHL, to The Mayor’s Fund for Las Vegas LIFE.

Read More

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A new ball hockey rink opened in Lorenzi Park this week. A ribbon-cutting ceremony was hosted by Las Vegas City Councilman Cedric Crear, Vegas Golden Knights (VGK) President Kerry Bubolz, and National Hockey League (NHL) Senior Vice President Rob Knesaurek.

This project was funded by a donation from the VGK Foundation, with support from the NHL, to The Mayor’s Fund for Las Vegas LIFE.

“Ward 5 is thrilled to have this new rink at Lorenzi Park, and to continue our partnership with the Vegas Golden Knights” said Las Vegas City Councilman Cedric Crear. “There is no denying that our city loves hockey, and we are confident this new rink will be a big hit. On behalf of those I serve, I would like to thank VGK and the NHL for all do they do in our community to improve quality of life by making hockey accessible to everyone.”

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A new urban farm opened at Las Vegas’ Historic Westside this week. The project was funded by a $500,000 donation from MGM Resorts International to The Mayor’s Fund for Las Vegas LIFE.

The first crop was planted on March 7 and the first harvest is expected to be ready in late April. The city plans to distribute fresh produce from the urban farm to the Historic Westside community and eventually work with local partners to build a cooperative grocery store in James Gay Park.

“Public-private partnership and innovation is critical to addressing the needs of our city and neighborhoods,” said Mayor Goodman. “We are grateful to our partners who have joined with us to not only revitalize a currently unused public space, but to transform it into a farming facility that provides healthy food to neighborhood residents.”

This project is part of the HUNDRED Plan that was created in 2016. The master plan outlined the revitalization of the Historic Westside.

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Japan’s Ministry of Land, Infrastructure, Transport and Tourism has officially certified the Area Development Plan submitted by Osaka Prefecture/City and Osaka IR KK, a joint venture entity between MGM Resorts Japan and ORIX Corporation. This certification is one of the final steps in the licensing process for MGM Resorts Japan and its joint venture partner to start the new $10 billion development project in Osaka.

The Area Development Plan was submitted during the October 2021 to April 2022 application period. MGM has had a full-time development team in Japan for more than seven years to prepare for this development plan.

The new hotel is estimated to have 2,500 guest rooms with a variety of dining and food and beverage offerings, retail space, space, fitness center, banquet halls. Approximately 400,000 square feet will be conference facilities, with capacity to accommodate more than 6,000 visitors. In addition, approximately 330,000 square feet will be exhibition space, including an Innovation Laboratory. A 3,500-seats theater will also be part of this integrated resort.

The projected initial investment of this development is $10 billion. The projected number of annual visitors is 20 million and the projected number of employees is 15,000.

APRIL 7 2022 / ISSUE NO. 70 / ARCHIVE

This Week's Top Stories

Las Vegas March Median Home Price Down 7.6% from One Year Ago

According to the Las Vegas REALTORS® (LVR) March 2023 report, the median price of existing single family homes sold from its Multiple Listing Service (MLS) in Southern Nevada was $425,000, identical to the previous month and down 7.6% from March 2022. It’s also down from the all-time record price of $482,000 in May of 2022.

Read More

Developer Announces 195-Unit Affordable Senior Housing Development in Clark County

Yesterday, Ovation Development announced a new 195-unit below-market rent affordable housing development for seniors whose income falls below 30, 50, and 60 percent of area median income. The 5-acre parcel is being conveyed to the County from the Bureau of Land Management (BLM) through the Southern Nevada Public Land Management Act and will in turn transfer the land to Ovation.

The County provided $11.8 million in funding for the project, including $10 million in Welcome Home Community Housing Fund dollars and $1.8 million in Country HOME funds.

Read More

The Las Vegas Rotary Club Celebrates 100 Years

The Las Vegas Rotary Club celebrated its 100th anniversary with a special event held at the historic Fifth Street School in downtown Las Vegas on April 1st. The event was attended by members of the club, distinguished guests including Lieutenant Governor Stavros Anthony, and members of the community. Founded in 1923, the club is dedicated to civic and community service, supporting thousands of organizations  and donating millions to Las Vegas-based service efforts.

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New Pickleball Complex Coming to City of Las Vegas

The Las Vegas City Council approved Southern Nevada Public Lands Management Act Cooperative Agreements regarding the acceptance of two grants to develop the Regional Pickleball Complex at Wayne Bunker Park and the Regional Aquatic Complex at Pavilion Pool.

Read More

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Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

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Yesterday, Ovation Development announced a new 195-unit below-market rent affordable housing development for seniors whose income falls below 30, 50, and 60 percent of area median income. The project is located on the northwest corner of Pebble Road and Eastern Avenue. The construction is expected to start in the fall with completion planned for early 2025.

The project will consist of one- and two-bedroom apartments. The amenities at this affordable property will be on par with market-rate properties, including a swimming pool and jacuzzi, game area, hair salon, gym, outdoor courtyards, and community gardens.

The 5-acre parcel is being conveyed to the County from the Bureau of Land Management (BLM) through the Southern Nevada Public Land Management Act and will in turn transfer the land to Ovation.

The County provided $11.8 million in funding for the project, including $10 million in Welcome Home Community Housing Fund dollars and $1.8 million in Country HOME funds.

through the Southern Nevada Public Land Management Act and will in turn transfer the land to Ovation.

The County provided $11.8 million in funding for the project, including $10 million in Welcome Home Community Housing Fund dollars and $1.8 million in Country HOME funds.

Special guests at the ceremony included U.S. Senator Catherine Cortez Masto, Clark County Commissioner Michael Naft, BLM Director Tracy Stone-Manning, BLM Nevada State Director Jon Raby, and HUD representatives.

"Our community has a dire need for affordable senior housing," said County Commissioner Naft. "That's why Clark County is investing significant resources in our Welcome Home initiative to increase the options for individuals in need of assistance. I want to thank our partners in the federal government, Alan and Jess Molasky of Ovation, Coordinated Living of Southern Nevada and our staff for helping to make this project a reality for the betterment of our entire community."

The Welcome Home Community Housing Fund initiative was created on April 5, 2022 by Clark County to address the urgent need for housing for low-income residents. On September 6, 2022, the County Commission approved funding of nearly $120 million to fund multiple affordable housing new construction and rehabilitation. Funded projects can be viewed on the County's website.

According to the County officials, there is currently a shortage of more than 85,000 homes for low-income and very low-income residents who earn less than 50% of area median income. To address the need for more affordable housing, the Welcome Home funds are also being used to create a community land trust, and the County is planning a future funding round for permanent supportive housing projects.

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The Las Vegas Rotary Club celebrated its 100th anniversary with a special event held at the historic Fifth Street School in downtown Las Vegas on April 1st. The event was attended by members of the club, distinguished guests including Lieutenant Governor Stavros Anthony, and members of the community. Founded in 1923, the club is dedicated to civic and community service, supporting thousands of organizations  and donating millions to Las Vegas-based service efforts.

Throughout the evening, guests had the opportunity to learn more about the club's achievements over the past 100 years, as well as its current initiatives and goals for the future. Through its annual Santa Clothes program, the club has donated over $1.6 million in goods and services to more than 6,300 local children in need during the holiday season, providing at risk children with new clothes.

When the program launched 27 years ago, it provided clothes for 35 children with a budget of $5,000. Last year, the organization shopped for 348 children on a $114,000 budget. The 2022 event was in partnership with its sponsors Engelstad Foundation, Speedway Children’s Charities and all of the Southern Nevada RotaryClubs.

“The program has become a tradition for our Club, as it has grown into our most significant and successful annual charitable giving program,” said Caty Crockett, president of the Las Vegas RotaryClub. “Helping spread joy to children in need during the holidays is a gift to each of us. Giving back to our community and local children is at the core foundation of our values, which is why our goal is to always lend a helping hand wherever we can.”

Nevada Lieutenant Governor Stavros Anthony spoke passionately about the impact that the Las Vegas Rotary Club has had on the community and thanked the members for their dedication and commitment to service over the years. Keynote speaker Jack Sheehan conducted a presentation about the history of Las Vegas and his book "Quiet Kingmaker of Las Vegas: E. Parry Thomas".

The event also featured a silent auction, with proceeds going towards the club's ongoing charitable projects. One of the many service organizations the club has supported is the Salvation Army. Last year, over $20,000 was donated to their food pantry, which equates to 200,000 cans of food benefiting those in need.

In honor of its centennial anniversary, the club has donated $104,000 to The Smith Center, extending its educational efforts in support of local youth across five programs for the next two years. The evening concluded with live music and entertainment.

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Yesterday, the Las Vegas City Council approved Southern Nevada Public Lands Management Act Cooperative Agreements regarding the acceptance of two grants to develop the Regional Pickleball Complex at Wayne Bunker Park and the Regional Aquatic Complex at Pavilion Pool.

The 30-court Regional Pickleball Complex is estimated to cost $12,009,000. And the Regional Aquatic Complex is estimated to cost $8,839,317.

Below is an aerial map of the new pickleball complex submitted at the public City Council meeting by Mark Dixon.

The city was awarded funds from the United States Department of the Interior. The project period for the funds will expire on Jan. 29, 2028.

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According to the Las Vegas REALTORS® (LVR) March 2023 report, the median price of existing single family homes sold from its Multiple Listing Service (MLS) in Southern Nevada was $425,000, identical to the previous month and down 7.6% from March 2022. It’s also down from the all-time record price of $482,000 in May of 2022.

By the end of March 2023, LVR reported 4,196 single family homes listed for sale without any offer, up 109.3% from March 2022. A total of 2,962 existing homes, condos and townhomes sold in March 2023, down 27.8% for homes and down 35.6% for condos and townhomes from the same time last year.

The number of distressed sales remains historically low. Short sales and foreclosures combined accounted for 0.9% of all existing property sales in March 2023.

“Southern Nevada was one of the first places to experience this recent shift in the housing market,” said 2023 LVR President Lee Barrett. “It seems logical to me that we may also be among the first to come out of this recent slowdown. Our median home price hasn’t changed since December. Local home prices had previously been declining by 1 or 2% per month. This may be a sign that we’re near the bottom of this cycle.”

In March 2023, total transaction value for existing homes was more than $1.2 billion, down 33.1% from the same time last year.

LVR’s data was collected through its MLS, which does not account for all newly constructed homes sold by builders or homes for sale by owners.

April 5, 2023 -  Las Vegas, Nevada - Nadia,  in Arabic origin, means, “Beginning” or “Foremost,”.  Nadia Arroyo is the publisher of The Philippine Times  which has evolved into a symbol of wisdom, perseverance, and unity.  It is a media maven that continues to reign supreme in the Asian sphere for two decades, founded in 2013, and is available in various multimedia channels including digital (www.philippine-times.com) reaching a boundless market, to the inevitability of change. 

While Nadia continues as a community leader, she lovingly recalls how her parents have contributed to her strong foundation as Nadia Arroyo of today. Born and raised in the Philippines, his father is also a publicist. Nadia, a graduate of Saint Paul’s College with Banking and Finance pursued advertising.

Nadia initiated by several big accounts such as Del Monte Philippines, PIMECO, and Jag Hager Corporation Philippines to name a few.  Nadia dabbling in event planning for big companies, supplier for conventions and trade shows with booths, various exhibits, and live productions, Las Vegas style.

In 1983, Nadia came to Los Angeles, California to see opportunities and finally emigrated. work and brought the entire family.  She worked for California Examiner and found Las Vegas as home.   “God enabled me to establish the Philippine Times thanks to the two: First would be my brother, Felix “Dodi” Sales” who even relocated to Las Vegas with his entire family to support me.” Dodi is the eldest in their family and always watched out for Nadia who was the youngest in the family. And, Dodi became the circulation manager and Ms. Leonie Frisbee, her sales manager, Las Vegas is now the largest Asian community in Nevada. And, Nevada is Home to the fourth largest Filipino American population, tailing the States of California, Texas, and Hawaii by a fraction. 

Nadia values the contributions of many contributing writers, Sister Olive Manalo Karagdag, Dr. Cesar Candari, and Bro. Rex Abrera and contributing photographer, Victoria Tambunting, talented columnists - Salve Vargas-Edelman, Julie Ann Torremoro, Sheela Kunishige, and Marylaine Viernes who are  my chief online content curator,  community news, and biographer. Jay-R Monton Tolentino and Vic Perez - marketing and business development, husband and wife tandem - Pastor Levi and Pastora Rowena Baniaga, among many including Narz Dela Rosa - graphic designer; Norm Clark - overall layout manager, and the inspiration of them is the Puerto Rican husband, Damian, who serves as Administrator and daughter, Leizel Trinidad Jacobsen, the editor-in-chief, a real estate broker and founder of Arroyo Properties. She attributes success to glorifying God. She values her friendship with Pastor Michael Hatch who has been her spiritual mentor, 

Nadia makes it a point to always acknowledge the contributions of those close to her, and honor them.  Its a trait she loves and comes naturally, she said.  Nadia also prides on people who do their ministry with God like Greg Sales,  Greg and his wife, Myra Sales remain active in their ministry in the Philippines, Loved Flock Catholic Ministry.

Nadia’s intention supersedes her nobleness and righteousness. So, she is once again blessed doing excellent with Platinum Care Nevada, Inc. as Advocate Wellness Nevada  www.advocatewellnessnevada.com.  Naida is the President of Beulalh International  Corporation, a project development company based in Vegas that maintains an independent office in Manila, Philippines with some of the highest calibers in the industry.  She. surrounds herself with people who lead her closer to God and are key to her longevity and success. 

Nadia would point to her kids and now, her grandkids her greatest achievements. Her eldest, Leizel Trinidad Jacobsen with Her loving husband, Jason Jacobsen, who is also in the medical field. Her second child and eldest son, Juancho Trinidad  whois a Nurse Practitioner with his wife, Helen Trinidad, a registered nurse. Her third child, Heidel Trinidad who is also a Registered Respiratory Therapist and the Director of Kaiser Respiratory, is husband to his wife, Dimple Trinidad. Her fourth child, Altan Trinidad is a businessman who assists his wife, Sally, a pharmacist and operates a pharmacy. And, Nadia's youngest child, and second daughter, Zen Trinidad-Hyunh  who is in the health field and wife to a police officer with the LVMPD, John Hyunh. Nadia has ten grandkids: Trend, Alyssa aka Zsa-Zsa, Althya, Zya, Kaila, Gavin, Noah, Aviana, Jacob, and Adelyn.  She has a big awesome family with a huge number of children around her who helps care for her grand pets: Shifu and Lulu, the pets of her youngest daughter, Zen and her husband John, and also Bella, an adorable, precocious Yorkee, the pet of her youngest son, Altan and his wife, Sally.   All of the above makes Nadia's world its own paradise.

Nadia Arroyo is an exemplary woman.  She is the pride of the Filipino-American community.  Behind Nadia Arroyo's legacy is a curtain of wisdom process. She is a gift that keeps on giving and a woman of compassion infused with the spirit of excellence and humility, according to Noubikko, 

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The Nevada Mining Association announced the appointment of Dana Bennett, Ph.D., to the position Interim President. She has previously served as the NVMA’s first female President from 2014 to 2020 and implemented the first strategic plan of the association.

During Bennett’s first term at the NVMA, she served on the Nevada Board of Economic Development under both Governor Brian Sandoval and Governor Steve Sisolak.

Dr. Bennett has over 30 years of experience in public policy in Nevada and a PhD in history. She is also the Vice President of the national Mining History Association. Most recently, she led the nonpartisan Kenny Guinn Center for Policy Priorities as the Interim Executive Director.

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Yesterday, Bellagio announced the $110 million renovation of all rooms and suites within its Spa Tower, which includes 819 guest rooms and 104 suites. The renovation is expected to complete in October, with the first collect of rooms available for guest stays beginning in July.

The new rooms and suites are designed by New York City-based interior design firm Champalimaud Design in partnership with MGM Resorts International Design Group. The design is influenced by Italian style and couture.

In 2024, Champalimaud Design will redesign the 400 suites at the Bellagio Tower. Bellagio recently completed its remodel of more than 2,500 guest rooms in its main tower.

MARCH 31 2022 / ISSUE NO. 69 / ARCHIVE

This Week's Top Stories

Las Vegas Unemployment Rate 6% in February 2023

According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) February 2023 report, the  state’s seasonally adjusted unemployment rate was 5.5% in February 2023 which was unchanged from January 2023.

The unemployment rates were 6 percent in the Las Vegas area, increasing from 5.9% in January 2023, and up from 5.3% in February 2022.

Read More

Bellagio Begins $110 Million Room Remodel

Yesterday, Bellagio announced the $110 million renovation of all rooms and suites within its Spa Tower, which includes 819 guest rooms and 104 suites. The renovation is expected to complete in October, with the first collect of rooms available for guest stays beginning in July.

Read More

Dr. Dana Bennett Announced as Interim Lead of Nevada Mining Association

The Nevada Mining Association announced the appointment of Dana Bennett, Ph.D., to the position Interim President. She has previously served as the NVMA’s first female President from 2014 to 2020 and implemented the first strategic plan of the association.

Read More

Four Seasons Appoints Konrad Gstrein as General Manager of Four Seasons Hotel Las Vegas

Four Seasons Hotel Las Vegas appointed Konrad Gstrein as the new regional Vice President and General Manager. Gstrein has over 27 years of hospitality experience, including 22 years at Four Seasons Hotels and Resorts properties across the globe.

Read More

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About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: press@vegasbusinessdigest.com

Subscribe to our email newsletter and follow us on social media.

Four Seasons Hotel Las Vegas appointed Konrad Gstrein as the new regional Vice President and General Manager. Gstrein has over 27 years of hospitality experience, including 22 years at Four Seasons Hotels and Resorts properties across the globe.

Gstrein joins the Las Vegas team from his most recent role as General Manager for Four Seasons Hotel San Francisco where he led the team through their post-pandemic reopening and the Hotel’s 20th anniversary.

“Las Vegas is a very unique, trend-forward city and there is nowhere else like it,” says Gstrein. “This year we will redesign our 424 guest rooms and suites, and introduce a new restaurant concept leading into the 25th anniversary of the property. In addition, Las Vegas will host two of the world’s biggest sporting events, Formula 1 and Super Bowl LVIII. I am thrilled to be part of this incredible team as we embark on an exciting new chapter of exceptional offerings for our guests.”

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According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) February 2023 report, the  state’s seasonally adjusted unemployment rate was 5.5% in February 2023 which was unchanged from January 2023. The unadjusted unemployment rate increased slightly, going from 5.6 percent to 5.7 percent for an increase of 0.1 percentage points.

The unemployment rates were 6 percent in the Las Vegas area, increasing from 5.9% in January 2023, and up from 5.3% in February 2022.

The unemployment rates were 4.5 percent in Reno and 5.2 percent in the Carson area in February 2023.

MARCH 24 2022 / ISSUE NO. 68 / ARCHIVE

This Week's Top Stories

PNC Chief Economist Gus Faucher: FOMC Raises Fed Funds Rate by 25 BPS, Says Further Rate Increases Likely

This commentary is written by PNC Chief Economist Gus Faucher.

• The FOMC raised the fed funds rate about 25 basis points, as expected.
• The statement noted said the bank system is “sound and resilient,” which acknowledging recent problems.
• PNC expects the FOMC to raise the fed funds rate by another 25 basis points at its early-May meeting.
• PNC also expects a mild recession starting in the second half of this year.
• The dot plot was little changed from December, although expected growth next year was lower.

Read More

Nevada State Bank’s Annual Survey Results Show Positive Economic Developments & Projections Throughout Nevada

Nevada State Bank has released the results of its 10th annual Small Business Survey, highlighting the economic experiences and insights of small business owners and executives in Nevada. The report reveals business concerns about eduction funding, affordable housing, and the challenges of finding and retaining quality employees.

Read More

Design Center Opens in Historic Westside School

City of Las Vegas hosted a grand opening ceremony of the Historic Westside Design Center inside the Historic Westside School. In collaboration with the UNLV Libraries Oral History Research Center, the design center features a photo wall with historical timeline of the area. This center is part of the HUNDRED (Historic Urban Neighborhood Design Redevelopment) Plan in Action.

Read More

Community

• Inaugural “Wine Walk Wish” Event at Lake Las Vegas to Benefit Make-A-Wish® Southern Nevada

Please share this newsletter, subscribe here and follow us on social media. Thank you so much!

About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: press@vegasbusinessdigest.com

Subscribe to our email newsletter and follow us on social media.

Raintree, the developer of Lake Las Vegas, will host an inaugural “Wine Walk Wish” event to benefit Make-A-Wish Southern Nevada on Saturday, April 1 from 7-10 p.m.

Lake Las Vegas residents and visitors are invited to this wine tasting event at the waterfront Village. Throughout the event, guests can also try an assortment of delicious bites from local restaurants, visit booths from local businesses and organizations and enjoy a mix of live entertainment and performances.

Sponsors of the Wine Walk Wish event include Blue Heron, Del Webb, Pulte Homes, Taylor Morrison and Richmond American Homes. Seasons Grocery & Deli at the Village and the Lake Las Vegas Sports Club are also featured sponsors.

Raintree has supported Make-A-Wish Southern Nevada with various charitable events and initiatives throughout the years, including the Lake Las Vegas “Summer of Wishes” program at Seasons Grocery, which allowed patrons to donate directly to the foundation. Most recently, the community hosted the 2022 End of Summer Luau at the Lake Las Vegas Sports Club where Make-A-Wish Southern Nevada surprised Wish families with trips to Hawaii.

To learn more about Wine Walk Wish, or for more information on how to support Make-A-Wish Southern Nevada and purchase tickets, visit HERE.

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City of Las Vegas hosted a grand opening ceremony of the Historic Westside Design Center inside the Historic Westside School. In collaboration with the UNLV Libraries Oral History Research Center, the design center features a photo wall with historical timeline of the area. This center is part of the HUNDRED (Historic Urban Neighborhood Design Redevelopment) Plan in Action.

The HUNDRED Plan was developed in 2016 as a plan for community-led investment in the Historic Westside. Its vision is to make the Historic Westside to be a thriving district of African American culture in Las Vegas. It will be a unique place where the world will come together t live, work, visit, and ply, through the development of housing, local business, jobs, education, hospitality, and cultural pride.

The ribbon-cutting ceremony was joined by Mayor Carolyn G. Goodman, Congressman Steven Horsford, Councilman Cedric Crear, Commissioner William McCurdy, Brenda Williams, and Claytee White.

Last year, the Las Vegas City Council approved a contract with Gallagher & Associates, LLC. to develop a master plan for an African American Museum and Culture Center in the Historic Westside. The master plan is expected to be complete by the end of 2023.

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Nevada State Bank has released the results of its 10th annual Small Business Survey, highlighting the economic experiences and insights of small business owners and executives in Nevada. The report reveals business concerns about eduction funding, affordable housing, and the challenges of finding and retaining quality employees.

Conducted by Applied Analysis in January 2023 on behalf of Nevada State Bank, the report surveyed more than 400 randomly selected small business decision makers, representing Nevada businesses with annual sales ranging from $250,000 to $10 million.

Highlights include:

• Small businesses reported increased positivity relative to Nevada’s economy, with over half (53.8%) believing that Nevada’s economy is headed in the right direction, more than a 10% increase from 43.1% in 2022.
• Housing affordability is expected to remain a concern for small businesses amid high and rising interest rates. Roughly 40.0% are very concerned about housing affordability and 28.5% are moderately concerned.
• Over the past year, 42.7% of small businesses reported flat business revenues, while 41.4% reported unchanged profitability, a notable change from the prior year’s reports of rising revenues and profits.
• Hiring and retaining quality workers is among the most important challenges that small businesses face. While cost of business, economy, competition, and legislation are clearly challenges—a significant 23.7% consider hiring/retaining qualified employees their single most important challenge.
• More than 23.6% of respondents plan to expand their workspace, add a new building or renovate their current location in the next year. This is up 2% from 2022 and a historical high.
• Education funding, increasing affordable housing, and increasing funding for infrastructure are top priorities for small businesses in Nevada’s 2023 legislative session.

To download a copy of Nevada State Bank’s 2023 Small Business Survey report, please visit HERE.

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This commentary is written by PNC Chief Economist Gus Faucher.

• The FOMC raised the fed funds rate about 25 basis points, as expected.
• The statement noted said the bank system is “sound and resilient,” which acknowledging recent problems.
• PNC expects the FOMC to raise the fed funds rate by another 25 basis points at its early-May meeting.
• PNC also expects a mild recession starting in the second half of this year.
• The dot plot was little changed from December, although expected growth next year was lower.

The Federal Open Market Committee raised the federal funds rate by 25 basis points to a range of 4.75% to 5.00%. The statement also said that “some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficient restricted to return inflation to 2% over time,” indicating that further near-term rate hikes are likely.

There had been some uncertainty as to whether the FOMC would raise the fed funds rate or keep it unchanged because of recent concerns about the stability of the banking system. The FOMC statement called the U.S. banking system “strong and resilient.” The statement also said that these banking problems are likely to result in tighter credit conditions, but the extent of the impact is unknown. The statement reiterated that the FOMC “remains highly attentive to inflation risks.”

Today’s FOMC announcement was largely as expected. After tightening monetary policy very aggressively in 2022 to combat inflation well above the 2% objective, the FOMC has been less aggressive in 2023. The rapid increases in interest rates has contributed to the recent failures of three banks. But concern about the financial system did not deter the FOMC from raising the fed funds rate, although by only one-quarter of a percentage point. Before the bank failures earlier this month, fed funds futures markets had been pricing in a 50 basis point rate increase.

Committee members remain concerned that letting up on rate hikes now could result in inflation persistently above 2% over the next few years, which would require even more tightening in monetary policy over the longer run. The FOMC appears to think that it has the tools to both cool inflation with higher rates and support financial system stability.

PNC expects the FOMC to raise the federal funds rate by 25 basis points at its next meeting, on May 3, and then maintain the rate in a range of 5.00% to 5.25% as it becomes more apparent that economic growth is slowing and inflation is receding. Given the lagged impact of the ongoing tightening cycle, including the problems in the banking system, PNC expects a mild recession starting in the second half of 2023.

In its discussion of current economic conditions, the statement noted modest economic growth, a strong labor market, and high inflation.

The statement was approved unanimously.

This meeting also included the release of the Summary of Economic Projections, or “dot plot,” which shows FOMC participants’ expectations for the outlook. The median participant expects the fed funds rate to be 5.1% at the end of this year, the same as in the previous projections, from December. But the median projection for the fed funds rate at the end of 2024 is now 4.3%, up from 4.1% in December. The outlooks for inflation and the unemployment rate over the next few years are little changed from December. But the median projection for GDP growth in 2024 has been moved lower, to 1.2%, from 1.6% in the previous dot plot.

During President Rodrigo Duterte’s “Talk to the People” Wednesday evening, MMDA Chairman Benjamin “Benhur” Abalos Jr. said the mayors have met with representatives of some of the country’s largest companies in preparation for the arrival of more vaccines.

“McDonald’s, Jollibee, Ayala Land, lahat ng malalaking korporasyon — tutulong po sila para po paghandaan po natin ‘yong pagdating ng bakuna (all major corporations — they will help prepare for the arrival of vaccines),” Abalos said.

He said the country is expecting to receive around 10 to 15 million doses of Covid-19 vaccines every month from June to August.

“Itong Abril is about 100,000 — 150,000, tapos comparing it to 10 million. So, iba ho talaga ang kailangang paghandaan (This April there is about 100,000 to 150,000 compared to 10 million. So, what we’re preparing for is very different),” Abalos said.

Meanwhile, he said NCR mayors have agreed to the extension of the modified enhanced community quarantine (MECQ).

He said the infection has gone down and is not expected to increase as the enforcement of minimum health protocols and the borders of NCR Plus — Metro Manila, Rizal, Bulacan, Cavite, and Laguna — will remain strict.

“So, sa Kalakhang Maynila more or less maganda po ang takbo. Ang mga alkalde po ay iisa lamang ang boses, ke maliit na lugar kamukha ng Pateros, San Juan o Mandaluyong; o malaking lugar, Maynila o Quezon City, basta magbotohan po, iisa lang po ang galaw po rito (So, in Metro Manila, more or less, things are going well. Our mayors have one voice, doesn’t matter if it’s a small place like Pateros, San Juan, or Mandaluyong; or a big place like Manila or Quezon City; if there’s a vote, there will be a unified action),” Abalos said.

Earlier, Duterte announced the extension of the MECQ in NCR Plus until May 14 based on the recommendation of health experts.

In addition, Santiago City in Quirino province and the province of Abra are also placed under MECQ for the whole month of May. (MNS)

The post NCR mayors to assist private sector in vax rollout appeared first on Philippine Times.

It was the sixth batch of Sinovac vaccine doses delivered to the Philippines. The fifth batch, composed also of 500,000 doses, arrived on April 22.

The latest batch was among the vaccines purchased by the Philippine government, the report said. It arrived via a chartered Cebu Pacific flight from China.

All in all, the country has received 3.5 million doses of Sinovac vaccine called CoronaVac, including those donated by the Chinese government.

The latest batch underwent disinfection after arrival at the Ninoy Aquino International Airport. It will be brought to a storage facility in Marikina City.

Based on Philippine Food and Drug Administration (FDA) evaluation of Sinovac’s vaccine, it has the following efficacy rates:

65% to 91% among healthy individuals aged 18 to 59,
50.4% for health workers, and
51% to 52% on senior citizens or those aged 60 and above
Sinovac’s vaccine is given in two doses.

According to Department of Health’s tally, the country has 1,020,495 COVID-19 cases as of April 28, of which 67,769 are considered “active” cases.

Meanwhile, the number of recoveries was at 935,695 and the death toll at 17,031 as of April 28.

The Philippines officially rolled out its vaccination program on March 1 but it has been hampered by supply problems.

Vaccine czar Secretary Carlito Galvez Jr. on Wednesday night said the Philippines is eyeing to start the vaccination of the general public by August. So far, only frontline health workers, senior citizens and persons with comorbidities have been vaccinated. (MNS)

The post 500,000 More Doses of Sinovac COVID-19 Vaccine Arrive in Philippines appeared first on Philippine Times.

In a press statement issued Thursday, Ordanes said the present conditions and variables are still not conducive for proper large scale implementation of the house-to-house vaccination.

“For now, the house-to-house tactics can be done on a targeted basis by concentrating efforts of specific areas where the spread has been high or quite difficult,” Ordanes said, noting that he had written to Metro Manila mayors regarding the matter.

“The COVID spread is like a major fire, so some firefighting tactics would be useful. Target the larger clusters and create a firewall. Isolate and contain specific areas,” he added.

According to the lawmaker, local government units have to allocate some ample resources to make the house-to-house inoculation happen on a targeted basis.

As early as January, the Department of Health already considered the possibility of conducting house-to-house vaccination for vulnerable and high-risk senior citizens.

In Taguig City, home service vaccination is already being offered to bedridden residents.

Meanwhile, the DOH said a total of 246,986 individuals are already fully-vaccinated against COVID-19 as of April 27.

A total of 1,809,801 doses have been administered at 3,415 vaccination sites across the country. (MNS)

The post Solon suggests targeted home vaccination for PWDs, elderly appeared first on Philippine Times.

In an effort to help meet that goal, Governor Sisolak announced that the statewide social distancing mandate was removed on May 1 and that decisions on social distancing will transition to local authority in accordance with the Roadmap to Recovery timeline that was previously announced.

“Across Nevada great strides have been made in our response to COVID-19 to strengthen our partnerships, build capacity within our public health infrastructure, and vaccinate Nevadans,” said Governor Sisolak. “It’s because of this progress that I am proud to announce the goal of having every county in Nevada reopen to 100 percent on June 1. I am confident that if Nevadans continue to remain vigilant as more and more people get vaccinated, we can accomplish this together.”

COVID-19 mitigation measures will transfer to local authority starting May 1 and each Nevada county has been working with the COVID-19 Mitigation and Management Task Force to finalize plans for this transition.

As a result of this transition to local authority, each county will be able to make decisions based on what is best for their communities while taking into account transmission of the virus, vaccination, testing and other infrastructure needs specific to their communities.

Under the Governor’s plan, the Gaming Control Board will continue to maintain authority over gaming areas of licensed properties in Nevada and decisions related to mitigation measures in Nevada schools will transition to school districts.

While the State will be transitioning authority over social distancing measures to the counties, the mask mandate will remain in effect statewide.

For more than a year, local governments, state health officials, emergency managers, local health authorities and community partners have come together in a statewide response to COVID-19. Processes are now in place to support testing, contact tracing, disease investigation and vaccine rollout in communities across Nevada.

The Nevada Gaming Control Board will continue to maintain authority over gaming institutions, Sisolak said, throughout the state.

He emphasized that the planned timeline will require Nevadans to continue to get vaccinated and continue wearing a mask. The statewide mask mandate will remain in place through the transition, he said.

“But public health officials made it clear that in order to reach our goal of reopening on June 1, we must make sure Nevadans stay masked. It would be irresponsible for me as your Governor to ignore that advice. Additionally, it’s a common sense bargain – if we all continue to wear masks, it will help ensure we can reopen our state by June 1,” Sisolak said.

The post Nevada counties open to 100 percent capacity by June 1. appeared first on Philippine Times.

In Bicol, we have the balisoso which are heart shaped banana covered munchies made of malagkit rice or cassava. I was thinking of doing cassava balisoso but I ran out of banana leaves . Instead, I did a suman like cassava. Same content, different outer wrapper form. 

If you have any special request, please email me at Vic @philtimes.net. Enjoy!

Ingredients

2 packs of frozen  grated cassava cake

1 cup of coconut cream

2 cups of brown sugar

Recipe

Prepare banana leaves by cutting them in pieces and warming them on stove open fire. Wipe each piece after warming each side.

Mix all ingredients and scoop 1/4 cup of cassava mix and spread it  on the leaf like  a cylindrical.shape.

Roll the mix with banana leaf and fold the tips.

Steam in a Saladmaster wok for 30 minutes.

The post Cassava Suman appeared first on Philippine Times.

The video, released through Aquino’s Facebook page, is the second of two parts where the celebrity mother and son exchanged seven questions each, in light of Bimby turning 14 recently.

“How do you feel, honestly, when you read those comments and they say you’re gay?” Aquino asked her son for her first of seven questions.

Bimby, who was seated across his mother, answered: “Wala, I don’t really feel anything. If you think I’m gay, alright. But you do realize that the gay community sa Philippines is a strong community. And you do realize that I’m 14.”

“I know what I am. I’m straight as an arrow,” he said.

“Are you sure?” Aquino clarified.

“Yes,” Bimby answered.

“I want to bring this out also,” Aquino told her son. “Whatever you are, I’ll accept. I really don’t care, honestly. Whatever you choose to be, it will be fine with me for as long as you excel. Whatever you’re going to be, you better be the best at the profession you choose.”

Born to celebrity parents — Aquino is dubbed local showbiz’s “Queen of All Media,” while his father, basketball player James Yap, is a superstar of the sport — Bimby has grown up before the public eye.

In Aquino’s custody after the separation of his parents, Bimby would often appear alongside his mother in her TV programs, and now, her digital shows. He has also starred in three movies.

In March, Aquino called out “homophobic attitudes” of her detractors, in response to comments about Bimby’s sexual orientation.

“I know my son doesn’t identify as being gay, but in the event he ever does, he will still be my son. The bullying you are doing is a reflection of your homophobic attitudes that are no longer welcome in 2021,” Aquino said at the time.

Aquino, in her conversation with Bimby, also asked her son whether he has “questioned” himself, on the topic of gender.

“No, not at all,” Bimby answered.

Turning to face the camera, as prompted by his mother, Bimby emphasized: “Here, I’ll set the record straight. I’m straight. I like women. I don’t like boys.”

Aquino then told him, “You know, Bimb, whatever you choose to be, it’s none of their business.” (MNS)

The post Whatever you are, I’ll accept,’ Kris tells son Bimby on gender orientation appeared first on Philippine Times.

On his Instagram account, Gutierrez revealed that he still has a crush on Lahbati. 

“Still crushing on you, even though we’re together, married, and have two kids,” Gutierrez said. 

But it appears that Lahbati’s reply won the hearts of some netizens as she teased her husband for a third baby. 

“baby #3. Just kiddinggggggg i love you,” she replied to Gutierrez’s post. 

Netizens quickly responded to Lahbati’s message, saying they also hope for a baby girl for the celebrity couple.

The couple have two children, Zion and Kai. 

Last March, Gutierrez and Lahbati marked their first wedding anniversary. The couple, who got engaged in 2017, decided to push through with their intimate wedding last year amid concerns about COVID-19. 

Lahbati also opened up about her relationship with her feisty mother-in-law, Annabelle Rama, from whom she has learned how to be patient. 

While admitting that Rama can sometimes be loud, Lahbati revealed that her mother-in-law is also generous and thoughtful. 

Currently, Gutierrez is part of ABS-CBN’s hit series “FPJ’s Ang Probinsyano.” (MNS)

The post Sarah Lahbati teases husband Richard Gutierrez for another baby appeared first on Philippine Times.

Dave Chappelle and Friends is coming to the MGM Grand Garden Arena Friday, July 2, 2021 at 8 p.m. 

Tickets go on sale to the general public Friday, April 23 at 10 a.m. PT at AXS.com. 

The internationally recognized stand-up comedian and actor’s trademark wit and sharp, irreverent social commentary explores race, popular culture, sex, drugs, politics and fame. Arguably the most-touring comic on the circuit, Chappelle has performed more than 1,600 concerts worldwide in the past four years, selling out shows within minutes of the announcements.

CHICAGO AND STYX ANNOUNCE SHOWS AT THE VENETIAN RESORT LAS VEGAS THIS SEPTEMBER 

One of the most successful and critically acclaimed rock bands of all time – Chicago – will return to The Venetian Theatre inside The Venetian® Resort Las Vegas in 2021 for the fourth year in a row for a three-show limited engagement September 15, 17 and 18, 2021.

Styx, the multimega-million-selling rock band that has forged an indelible legacy both on record and onstage, will return to The Venetian for a three-night limited engagement September 24, 25 and 26, 2021. 

Due to popular demand, Styx, the multimega-million-selling rock band that has forged an indelible legacy both on record and onstage, has added a third date to their engagement at The Venetian Theatre inside The Venetian® Resort Las Vegas on Friday, Sept. 24, 2021. The previously announced shows on Saturday, Sept. 25 and Sunday, Sept. 26, 2021 are sold-out. All shows are scheduled to begin at 8 p.m.

Tickets for the newly added show on Friday, Sept. 24 start at $45, plus applicable fees, and will go on sale to the general public Friday, April 23 at 10 a.m. PT. A limited number of VIP packages will also be available. Tickets will be available for purchase at Ticketmaster.com, Venetian.com, any box office at The Venetian Resort or by calling 702.414.9000 or 866.641.7469. 

Styx fan club members will have access to a pre-sale beginning Wednesday, April 21 at 10 a.m. PT. Grazie Rewards club members and Live Nation customers will receive access to a pre-sale beginning Thursday, April 22 at 10 a.m. PT. All pre-sales will end Thursday, April 22 at 10 p.m. PT. 

For these special performances, Styx – James “JY” Young (lead vocals, guitars), Tommy Shaw (lead vocals, guitars), Chuck Panozzo (bass, vocals), Todd Sucherman (drums, percussion), Lawrence Gowan (lead vocals, keyboards) and Ricky Phillips (bass, guitar, vocals) – has created an exclusive set list and brand new stage production.

The six men comprising Styx have committed to rocking the Paradise together with audiences far and wide by entering their second decade of averaging over 100 shows a year, and each one of them is committed to making the next show better than the last. Styx draws from over four decades of barnburning chart hits, joyous singalongs and hard-driving deep cuts. Like a symphony that builds to a satisfying crescendo, a Styx set covers a wide range of stylistic cornerstones. From the progressively sweeping splendor that is “The Grand Illusion,” to the hunker-down fortitude of all that is the “Blue Collar Man.” From the majestic spiritual love for a special “Lady,” to the seething indictment of preening, primping pageantry for pageantry’s sake of “Miss America.” From an individual yearning for true connection as a “Man in the Wilderness,” to a soul-deep quest to achieve what’s at the heart of one’s personal vision in “Crystal Ball.” From the regal reach-for-the-stars bravado of “Come Sail Away,” to the grainy all-in gallop of that rugged “Renegade” who had it made, the band draws on an unlimited cache of ways to immerse one’s mind and body in their signature sound.

Styx hit its stride with guitarist/vocalist Tommy Shaw’s first LP with the band, 1976’s Crystal Ball, and then they become the first group to score four triple-platinum albums in a row: The Grand Illusion (1977), Pieces of Eight (1978), Cornerstone (1979) and Paradise Theater (1981). Over the ensuing decade, Styx weathered the shifting winds of the public’s musical taste, reconvening for a highly successful 1996 Return to Paradise tour that was expertly documented on both CD and DVD in 1997. With a little help from their many friends in Cleveland’s Contemporary Youth Orchestra, One With Everything (2006) became a hybrid orchestral rock blend for the ages. And on The Grand Illusion / Pieces of Eight Live (2011), the band performed at its peak when tackling every track from a pair of their finest triple-platinum albums back to back. Not only that, but the band re-recorded two discs’ worth of its classic material with much finesse and musculature, aptly known as Regeneration Volume I & II (2011 & 2012). 

After 14 years, Styx’s sonically sweet 16th studio album and its most ambitious, most challenging and most rewarding album to date, The Mission, was finally released June 16, 2017 on the band’s label, Alpha Dog 2T/UMe. The highly anticipated two-disc reissue of The Mission was released on July 27, 2018 via Alpha Dog 2T/UMe, which includes a CD of the original album, as well as a Blu-ray of The Mission mixed in 5.1 Surround Sound accompanied by stunning visualizations for each of the album’s 14 songs based on the album artwork.  

After more than a decade together on the road, this incarnation of Styx is looking forward to performing as many shows as it can as long as it can.

The post LIVE SHOWS ARE BACK IN VEGAS: Dave Chappelle on July, Chicago and Styx on September appeared first on Philippine Times.

Renowned visionary entrepreneur, medical professional, Filipino-American community leader and socialite, Pen De Leon – Manahan painted Las Vegas luxuriously bright red as she and her fabulous family and team celebrated another year of life!

The woman who has everything: several thriving businesses, a handful of fast, fancy cars from Porsches to Lamborghinis, and of course her legendary, to-die-for designer wardrobe, Ms. M, as she is more popularly known among business associates, colleagues, close friends and family remains a humble, generous and kind-hearted woman. In spite of her wealth and achievements, her family remains the greatest of her treasures.

“I am very thankful for all that God continues to give me and that is why I always try to pay it forward and try to live every single day in gratitude and positivity.” When asked what more she’d want for her birthday, Ms. M immediately wished for health and success for those around her: her family and staff.

Another feather in her cap is her latest successful venture, Spotlight Media Magazine which was only launched in the last quarter of 2020 continues making waves as the premier Asian American Lifestyle Source.

Cheers to another year of life, and may you have many more birthdays to come! You deserve to always be in the social spotlight and in the “spotlight” of the hearts of people whose lives you continue to touch!

The lovely celebrant who treated her family and staff to New Asian Barbecue in Las Vegas, Nevada

Flanked by two of the members of her Spotlight Media Entertainment team, Marylaine Viernes and Vic Perez

A luxury limousine ride with an entourage of fast cars: Ms. M with sisters Alice and Myrna.

Ms. M with her eldest son, Mike, his girlfriend Roszeny and granddaughter, Nikki at the Palazzo.

The post Ah Mary Can Dream – Pen De Leon Manahan’s Birthday appeared first on Philippine Times.

Ticket includes Dinner, Show, and Dance!

Maraming Salamat! Mabuhay!

The post Let’s Celebrate Summer Solstice Fest 2021 at the Nevada Ballroom, Gold Coast Hotel and Casino in Fabulous Las Vegas on July 10, 2021 at 5pm! appeared first on Philippine Times.

I had the time of my life to imagine the coolest (literally) architectural grandeur, said Noubikko.  Carlos de Castro's concept is “distinctive! Carlos is responsible for the iconic interior of Okada Hotel Casino, Solaire Casino and Hotel, Raffles Manila, among others.


The Team marks another milestone in international investment as Investors, insurers, and wealth platforms managers are back to their drawing boards for inputs of post-pandemic investment opportunities with more aggressive economic trends.  

For many investment advisors, the pandemic highlighted the rebirth of Iconic Projects as Investors have more time to navigate turbulent times with more secure advantages. The Philippines top the list of the favored places to invest Nadia Arroyo said, President of Beulah International Corp., and Architect Carlos de Castro agreed during the signing.

Noubikko, with over 20 years of experience in B2B Investment Integration, said sustainability is a key component to provide investors with an “efficient and sustainable way" to face the future head-on with flexibility.  Understanding the core of business platforms within the offered opportunity is everything to realize the latest financial planning available, the CEO of RPConnect added.

A consortium is now being formed and the marketing team is being finalized which is a vital player in economic growth. Entrepreneurship innovation is mainly focused to curve the economic influx of new ideas which should play as its key economic indicators.

With the new government set up that benefits foreign investment and bridges the access with views of less risk to core allocations of sustainable opportunities, RPConnect and Goudie Associates, the Philippines’ premier in Architecture of iconic Philippine landmarks such as Okada Hotel and Casino, Solaire Hotel and Resorts, Raffles Hotel, etc. have set the presentation that will change the nation's landscape which found its way to the negotiating table, according to Atty. Martha Rosete, legal counsel and director of the company. 

Jun Polistico, an entertainment celebrity legend in the Philippines music industry, and also a Director of the company expressed "BEULAH' with a thumbs up!  Beulah means in the Urban Dictionary " No one comes close..  if you have a Beulah in your life you are really lucky! ( ://www.urbandictionary.com/define.php?term=Beulah) !

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LAS VEGAS, NV – This spring break, the Atomic Museum invites students to Circuit Lab, a hands-on STEM camp filled with exciting educational experiences. Taking place on Friday, March 17 and Saturday, March 18 from 9 a.m. to 2 p.m., students 4^th through 9^th grade will explore energy, electricity and circuits. Students will also enjoy the opportunity to participate in fun learning opportunities such as learning how lemons can be used to power a lightbulb, learn to build a moving robot from recycled materials and will create a working flashlight out of paper.

Camp registration is $125 per student. Snacks and drinks will be provided but students must bring their own lunch. To register, click here.

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This week, about 50 students in the Jobs for Nevada’s Graduates (J4NG) program visited Carson City to learn about civic engagement and leadership. J4NG is an education-based nonprofit organization that aims to help all students, particularly vulnerable students, to achieve graduation and be ready to enter careers or college pathways after high school. The program serves more than 3,300 students statewide.

Students did a tour of the Capitol Building and Nevada Supreme Court, met with elected officials, and sat on the Assembly and Senate Floors. The students ended the day with a meet and greet with Governor Joe Lombardo.

J4NG hosts Legislative Day every other year during the Nevada State Legislative Session, giving students the opportunity to engage with elected officials, ask questions, learn about local government and the impact of civic engagement, and talk to legislators about the J4NG program.

“(J4NG) has honestly taught me to be the person I am today, and I wouldn't be as successful as I am today without this program,” says Skyler Dodd-Bailor, J4NG Student Damonte Ranch High School. ”What I'm thankful about today at the Legislative Building is meeting all of these great congresspeople, the assemblymen, senators, and learning why they're doing what they do.”

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According to the Nevada Department of Employment, Training and Rehabilitation’s January 2023 report, the total number of jobs in Nevada has passed 1.5 million jobs, up 6% year over year. The seasonally adjusted unemployment rate was unchanged from December 2022 to January 2023, sitting at 5.5%. This is the highest unemployment rate of any state.

The year-over-year employment growth reflects a continued trend in Nevada of more individuals entering the labor force, thus leading to higher employment and unemployment numbers. The state’s labor force participation rate over the year stayed quite steady over 2022 even as unemployment rose.

Metropolitan Statistical Area (MSA) Employment (Seasonally Adjusted):

• Las Vegas employment increased by 4,000 jobs (0.4%) since December, an increase of 62,600 jobs (6.0%) since January 2022.
• Reno employment had an increase of 800 jobs (0.3%) since December, an increase of 11,900 jobs (4.6%) since January 2022.
• Carson City employment had an increase of 100 jobs (0.3%) since December, an increase of 1,200 jobs (3.9%) since January 2022.

“This report shows Nevada has recovered from the COVID recession and is continuing to add jobs at a brisk pace. Except for the leisure and hospitality industry, every sector of our economy employs more people than before the pandemic, and every single industry is showing growth over the past year. Our unemployment rate is high as is the total number of job openings in the state, reflecting an ongoing tight labor market,” said David Schmidt, Chief Economist.

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The PENTA Building Group, a national general contractor headquartered in Las Vegas, announced the promotion of Joel Wallis to Chief Operating Officer. PENTA specializes in gaming/hospitality, healthcare, and higher education construction projects.

Joel has over 27 years of experience in field supervision, project management, and executive roles. Joel has been with the company for 20 years and has led many notable projects within PENTA’s hospitality & gaming and higher education verticals, including prominent casino resorts on and off the Las Vegas Strip.

Joel received his Bachelor of Science in Construction Management from California State University, Chico.

MARCH 17 2022 / ISSUE NO. 67 / ARCHIVE

This Week's Top Stories

Las Vegas Home Prices Leveling Off in February 2023

According to a report released by Las Vegas REALTORS^® (LVR), local home prices leveled off in February 2023. The median price of existing single-family homes sold in Southern Nevada through LVR’s Multiple Listing Service (MLS) during February was $424,995, down 5.6% from one year ago. By the end of February, LVR reported 4,665 single-family homes listed for sale without any offer, up 167.9% from the same time last year.

Read More

PNC Chief Economist Gus Faucher: Retail Sales Down in February, But Details Better; Huge January Increase Revised Even Higher

This article is written by PNC Chief Economist Gus Faucher.

• Retail sales were down 0.4% in February, but the details were better. Sales growth was mixed across segments.
• January’s big increase was revised higher, and retail sales are up from late 2022. The very strong labor market is the primary driver of rising retail sales.
• Consumer spending is set to fall later this year as the U.S. economy enters recession.

Read More

Four Tax Abated Companies Will Invest $53 Million in Nevada

The Nevada Governor’s Office of Economic Development approved four companies to receive $4,922,335 in tax abatements. In return, these companies are projected to create 85 jobs in the next two years at an average weighted hourly wage of $28.89. That figure is expected to grow to 134 in five years. Additionally, these companies will make capital equipment investments of $53,130,770 in the first two years of operation and generate $22,709,120 in new tax revenues over the 10-year abatement period.

Read More

Las Vegas City Council Approves HOME-ARP Allocation Plan for Homelessness Assistance

The Las Vegas City Council approved the HOME-ARP Allocation Plan (the plan) to fund development of affordable rental housing and for supportive services. As part of the 2021 American Rescue Plan Act (ARPA), the City of Las Vegas has been awarded $8,289,072 of HOME-ARP funds to address the need for homelessness assistance.

Read More

Hard Rock Announced as Presenting Partner for F1 Las Vegas Grand Prix

Hard Rock International has joined the roster of presenting partners for the Formula 1 Heineken Silver Las Vegas Grand Prix. Hard Rock will have its own Strip-adjacent grandstand structure, designed to seat up to 3,000 fans.

Read More

Community

• Shaquille O’Neal Foundation and Reebok Gift New Field to Local Boys & Girls Club
• Las Vegas City Council Approves Transitional Housing Master Leases

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About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: press@vegasbusinessdigest.co

Subscribe to our email newsletter and follow us on social media.

Hard Rock International has joined the roster of presenting partners for the Formula 1 Heineken Silver Las Vegas Grand Prix. Hard Rock will have its own Strip-adjacent grandstand structure, designed to seat up to 3,000 fans.

Fans who signed up for the priority interest list by donating a lucky $7.77 to the Las Vegas Grand Prix Foundation will have an opportunity to purchase The Mirage Grandstands tickets during their designed time slot beginning Wednesday, March 22. Any remaining tickets will be available to the public through the Las Vegas Grand Prix website on Friday, March 24 at 10 am PT. Room and ticket packages will be available on The Mirage website at a later date.

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The Nevada Governor’s Office of Economic Development approved four companies to receive $4,922,335 in tax abatements. In return, these companies are projected to create 85 jobs in the next two years at an average weighted hourly wage of $28.89. That figure is expected to grow to 134 in five years. Additionally, these companies will make capital equipment investments of $53,130,770 in the first two years of operation and generate $22,709,120 in new tax revenues over the 10-year abatement period.

The tax abated companies are:

• AVK Elastomer Technology is a manufacturing company that produces rubber sealing components for valves, pumps and more. The company is planning to build a 36,400 square foot facility in Douglas County. It is projected to create 12 jobs in the first two years of operation and expected to grow to 24 jobs in five years.
• Monin, Inc. is a syrup manufacturing company that is planning to expand its facility by 106,387 square feet in Washoe County.
• Sparks NV, LLC is a closed-loop recycling and manufacturing operation focused on providing green recycling solutions for scrap metal industry. It is planning to expand its operation to 225,834 square feet at the Tahoe Reno Industrial Center located in Storey County.
• United Parcel Service Inc. is planning to build a new 168,000 square foot building in Douglas County to expand its exiting Northern Nevada operations.

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Yesterday, the City of Las Vegas City Council approved mater Lease agreements with Catholic Charities for five rental units and Sierra Vista for 10 rental units to serve as transitional housing for homeless individuals. These units will be used for the Second Chance Employment Program, which connects individuals who are being served at the City's Courtyard Homeless Resource Center to job opportunities and housing.

The master lease agreements are for a period of 1 year with the option to renew for 5 additional terms. The Neighborhood Services Department requested a total of $195,120 from the American Rescue Plan/Redevelopment Set-Aside funding.

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Yesterday, the Las Vegas City Council approved the HOME-ARP Allocation Plan (the plan) to fund development of affordable rental housing and for supportive services. As part of the 2021 American Rescue Plan Act (ARPA), the City of Las Vegas has been awarded $8,289,072 of HOME-ARP funds to address the need for homelessness assistance. The city will submit the plan to U.S. Department of Housing and Urban Development (HUD) before March 31, 2023. HOME-ARP funds are a one-time allocation and must be spent by September 30, 2030 upon final approval by HUD.

Reports show that Las Vegas needs more affordable housing, especially for extremly low income population. According to National Low Income Housing Coalition’s report “The Gap: A Shortage of Affordable Homes”, the supply of affordable and available rental homes was 18 for every 100 extremely low-income renter households in Nevada.

According to the 2022 Annual Housing Report published by the Nevada Housing Division, the number of public or subsidized affordable units to households at 50% AMI (area median income) and below in the City of Las Vegas was just 13% of the existing need for subsidized units. Comprehensive Housing Affordability Strategy (CHAS) data shows 45,125 very low-income households are in need of affordable housing. However, as of December 2022, City of Las Vegas only has 6,025 existing units for households at 50% AMI and below.

The City will advertise a Request for Proposal process to seek developers and qualified non-profit organizations to carry out the identified HOME-ARP activities.

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This article is written by PNC Chief Economist Gus Faucher.

• Retail sales were down 0.4% in February, but the details were better. Sales growth was mixed across segments.
• January’s big increase was revised higher, and retail sales are up from late 2022. The very strong labor market is the primary driver of rising retail sales.
• Consumer spending is set to fall later this year as the U.S. economy enters recession.

Retail sales fell 0.4% in February from January. The details were somewhat better, however; sales excluding autos were down 0.1%, and sales excluding autos and gasoline were flat over the month. Sales growth was mixed across segments.

January’s huge increase was revised even higher, to a 3.2% gain, from the initially reported 3.0% increase. And the decline in sales in December was revised to a 0.8% drop, from a 1.1% fall.

Control sales—sales excluding food services, autos, gasoline, and building materials, and which go into nominal consumer spending in GDP—rose a solid 0.5% in February, after increasing 2.5% in January.

Although retail sales were down in February, they are still up from late 2022. A number of factors are driving continued strong nominal consumer spending, in particular the very strong job market, price increases, and the high level of household saving. These are offsetting the drags from a shift in consumer spending away from goods toward services, higher interest rates, prices that are increasing more rapidly than wages, and a loss of household wealth from falling home values and stock prices. Retail sales are set to decline later this year as the U.S. economy enters recession and a deteriorating labor market pushes households to cut back.

Sales of motor vehicles and parts fell 1.8% in February as high interest rates and continued supply-chain issues weighed on auto sales. The ongoing contraction in the housing market pushed sales of furniture and home furnishings down by 2.5% over the month, while sales of building materials fell 0.1%. Sales at gasoline stations fell 0.6% because of lower prices. Sales at restaurants declined 2.2% following an oversized gain of 5.6% in January, and sales were also down for clothing and specialty stores. On the positive side, sales of general merchandise rose 0.5%, sales of nonstore retailers (primarily online) rose 1.8%, and grocery store sales rose 0.5%.

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According to a report released by Las Vegas REALTORS^® (LVR), local home prices leveled off in February 2023, with more homes available for sale and fewer changing hands than one year ago.

The median price of existing single-family homes sold in Southern Nevada through LVR’s Multiple Listing Service (MLS) during February was $424,995, down 5.6% from one year ago. By the end of February, LVR reported 4,665 single-family homes listed for sale without any offer, up 167.9% from the same time last year.

The sales pace in February equates to nearly a three-month supply of properties available for sale. In February, 61.0% of all existing local homes sold within 60 days. In comparison, 88.6% of all existing local homes sold within 60 years the same time last year.

During February, 27.1% of all local property sales were purchased with cash, down from 30% one year ago. For distressed sales, short sales and foreclosures combined accounted for 1.2% of all existing local property sales in February.

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The Boys & Girls Clubs of Southern Nevada received more than $60,000 in donations from The Shaquille O’Neal Foundation and Reebok to renovate the Boulder Highway Clubhouse outdoor area and added a new, artificial turf, multi-sport filed.

“We’re thrilled we could provide the young people at the Boulder Highway Clubhouse with this upgraded facility,” said Kari Uyehara, executive director of The Shaquille O’Neal Foundation. “By supporting partners that promote physical fitness and create positive spaces for both sports and play, we can help even more kids achieve their full potential.”

“Our Healthy Lifestyles programs help kids to engage in positive behaviors, nurture their well-being, and build healthy habits that will strengthen their bodies and minds,” said Andy Bischel, president and CEO of Boys & Girls Clubs of Southern Nevada. “Having dedicated space for sports and fitness programming allows youth the opportunity to get outside, explore new activities, learn good sportsmanship, and discover passions that can last for a lifetime.”

MARCH 10 2022 / ISSUE NO. 66 / ARCHIVE

This Week's Top Stories

Nevada Employment Exceeds 1.5 Million Jobs, January Unemployment Rate 5.5%

According to the Nevada Department of Employment, Training and Rehabilitation’s January 2023 report, the total number of jobs in Nevada has passed 1.5 million jobs, up 6% year over year. The seasonally adjusted unemployment rate was unchanged from December 2022 to January 2023, sitting at 5.5%. This is the highest unemployment rate of any state.

Read More

The Power of Community Impact: How Business Leaders Can Uplift the Next Generation

Business leaders in Southern Nevada came together to create a lasting impact for students across Las Vegas through a partnership with Leadership Henderson and Inspiring Children Foundation.

Read More

Community

• Family to Family Connection Announces 17th Annual TOUCH-A-TRUCK® on April 1
• Atomic Museum to Host Circuit Lab STEM Camp for Local Students March 17, 18
• J4NG Students Visit The Nevada State Legislature to Learn About Civic Engagement and Leadership

People

• PENTA Building Group Promotes Joel Wallis to Chief Operating Officer
• Nevada State Bank Promotes Megan Comfort to Executive Management Committee

Please share this newsletter, subscribe here and follow us on social media. Thank you so much!

About Us

Vegas Business Digest is a forward-thinking, local digital media publication that focuses on Las Vegas business news and community. #HomeMeansNevada

To submit press releases and articles: press@vegasbusinessdigest.com

Subscribe to our email newsletter and follow us on social media.

LAS VEGAS, NV – Nevada State Bank recently promoted SVP and Small Business Manager Megan Comfort to the Executive Management Committee, the group that oversees the bank’s management decisions. The committee, led by NSB President and CEO Terry Shirey, includes EVP/Chief Financial Officer Ryan Ashley, and EVPs Jill Bell, Tom Elmer, Craig Kirkland, Mike Lane, Shannon Petersen, Micah Phillips, James Rensvold, and Rick Thomas.

“Megan leads NSB’s small business team unifying our group of relationship managers and business banking officers. As the leader of our bank-wide small business efforts, Megan’s promotion to the Executive Management Committee reflects our commitment to the Nevada business community,” said Shirey. “In her two decades with NSB, Megan has demonstrated exceptional ability to understand the banking needs of our business community—and in fact, led NSB’s support of the PPP loan program in 2020-2021.”

Comfort has worked at Nevada State Bank for 20 years, including 18 years in commercial lending. She has a finance degree from UNLV and actively participates in local organizations such as Las Vegas Rescue Mission, Green Our Planet, Junior Achievement, and The Shade Tree. She is also a member of the Risk Management Association and a graduate of Leadership Nevada, a Latin Chamber of Commerce program.

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LAS VEGAS, NV – Family to Family Connection, a local nonprofit organization that provides resources to families in Nevada through parent education and early childhood development classes, has announced its 17^th annual TOUCH-A-TRUCK® event on the grass at Downtown Summerlin on Saturday, April 1 from 9 a.m. to 2 p.m.

Over the years, TOUCH-A-TRUCK has become one of the community’s top family events that allow children of all ages to climb aboard and learn about their favorite vehicles and how they serve the local community. This hands-on experience will offer access to more than 60 vehicles, including fire engines, construction trucks, police cars and school buses. For those more sensitive to loud noises, 9 a.m. to 10 a.m. will be horn free. Parents and children can also enjoy a variety of food items from local food trucks and other vendors throughout the event.

“It is essential that the Las Vegas community has access to events like TOUCH-A-TRUCK,” said TOUCH-A-TRUCK Chair Carolyn Wheeler. “We strive to provide the best possible opportunities for children to improve their sensory skills, work on their physical and emotional development, make new memories and most importantly have fun!”

All proceeds will go to Family to Family Connection. Located in the Cambridge Community Center, Family to Family Connection has provided free classes and resources to families of infants and toddlers for over two decades. Family to Family Connections offers development activities, pre-kindergarten readiness courses, visits from community partners and monthly field trips. All classes are free but require advanced registration.

TOUCH-A-TRUCK is presented by NS8 Inc., a technology-based company that provides businesses with the software to fight against online fraud. TOUCH-A-TRUCK is also proudly sponsored by Diamondback Land Surveying, Cashman Equipment, Southwest Gas, Armstrong Landscaping, Truman Orthodontics, NDL Group, Inc., Sage Collegiate Public Charter School, Snell & Wilmer, DRI Tech Corp., Sunland Asphalt & Construction, Sun Property Management, North Star Plumbing, CenturyLink, Touro University School of Occupational Therapy and NextGen Fire Protection.

Tickets to TOUCH-A-TRUCK can be purchased for $8 per person at https://bit.ly/3wQkS2G. Tickets are also available for purchase at the door for $12 per person, and children under two are free. For more information about Family to Family Connection, visit HERE.