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VBD Weekly / JANUARY 27 2023

Tesla Announces $3.6 Billion New Investment in Nevada


This Week's Top Stories

Tesla Announces $3.6 Billion New Investment in Nevada

Tesla announced a $3.6 billion new investment in Nevada, adding two new manufacturing facilities and 3,000 team members to Gigafactory Nevada. This site is located less than an hour from Lake Tahoe, NV.

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PNC Chief Economist Gus Faucher: Solid Growth to Close Out 2022, But Recession Looms This Year

  • Real GDP rose 2.9% in the fourth quarter, slightly better than the consensus expectation.
  • Consumer spending and inventories were the major contributors to growth in the fourth quarter. Housing once again was a big drag on growth.
  • Inflation slowed in the fourth quarter, but services inflation accelerated, and the Fed will raise the fed funds rate next week.
  • PNC expects a mild recession in 2023.

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Downtown Las Vegas Announces “Down for Anything” Campaign

Photo: From “Down for Anything” Campaign

Las Vegas Mayor Carolyn G. Goodman announced the launch of a new multi-media campaign, “Down for Anything”, at the 2023 Las Vegas State of the City address. This project is funded by a federal grant from The American Rescue Plan as part of the city’s recovery effort.

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Women + Money Financial Empowerment Summit Tickets On Sale

The Nevada State Treasurer’s Office is hosting a Women + Money Summit on Wednesday, March 22 at MEET Las Vegas. Sandra Douglass Morgan, president of the Las Vegas Raiders, will serve as this year’s keynote speaker.

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Nevada Receives $55 Million Funding for High-Speed Internet

U.S. Senator Jacky Rosen announced that Nevada will receive $55.2 million from the American Rescue Plan for broadband infrastructure and other digital connectivity technology projects. The funding will help 40,000 households in Nevada to have access to high-speed internet.

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