The Margin Tax Proposal: Initiative will Kill Business in Nevada

Unlike a corporate income tax, the margin tax would be assessed on a company’s revenues, regardless of whether it was making any profit.

As a Nevada business owner or executive, you’re probably hoping that 2014 will be the year our state finally climbs out of the depths of the recession, but the so-called “Education Initiative,” which will come before the voters on the November 2014 ballot, could spell the end of any hopes for economic recovery. It has… [More…]

Tee Time: Traditional Golfing Business Models Get a New Swing

For generations, golfing and business have gone together like steak and red wine.

For generations, golf and business have gone together like steak and red wine. Business executives forged bonds as they stalked a golf ball on a four-plus-hour hike across a beautifully manicured countryside. They exchanged small talk and found time to talk a little business, if not on the course then certainly over a drink or… [More…]

Betting on Gaming in Nevada

Nevada and gaming go together like peanut butter and jelly, it has been Nevada’s foundation for so long it’s hard to think of one without the other.

Nevada and gaming go together like peanut butter and jelly. The industry has been Nevada’s foundation for so long it’s hard to think of one without the other. However, as gaming changes, Nevada has found itself adapting and learning to find new ways to earn revenue in a market that, it would appear, everyone wants… [More…]

Industry Focus: Attorneys

Recently, a group of Nevada attorneys met at the offices of First Security Bank to discuss the trends and challenges facing their industry.

The Nevada legal industry has been witness to a multitude of changes in recent years and has had the difficult job of protecting their clients in trying times. From a recession to a slow recovering economy and the integration of new technologies, attorneys in the Silver State have learned to be ready for anything. Recently,… [More…]

An Industry Revived: Commercial Real Estate in Nevada

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said.

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to… [More…]

Steve Wolstenholme: Grand Sierra Resort, Meruelo Group

Meet Steve Wolstenholme: Grand Sierra Resort, Meruelo Group.

Chief Operating Officer Reno http://www.grandsierraresort.com/ http://meruelogroup.com/ How did you first get into your profession? In the early 1980s, I was working in the civil engineering industry when I started to yearn for more excitement and challenge in my life. When I made the career change, my father laughed and my mother cried. What business advice would… [More…]

D. Gary Longaker: Nevada Rural Housing Authority

Meet D. Gary Longaker, Executive Director, Nevada Rural Housing Authority.

Executive Director Carson City http://www.nvrural.org/ How did you first get into your profession? While attending college in 1973, I joined a National Guard unit. My Battalion Commander liked my organizational skills and hired me to work for a newly formed state housing financing agency in Oklahoma. What was the toughest lesson you’ve learned in your career? If you… [More…]

Jesse Welsh: Innovative Learning Environments

Meet Jesse Welsh: Innovative Learning Environments.

Academic Manager Las Vegas How did you first get into your profession? I realized during high school that I had an aptitude for helping my classmates in mathematics. I decided to become a teacher and make it my career. What business advice would you give someone just starting in your industry? Know that education is all… [More…]

Seven Pitfalls To Avoid When Negotiating Business Contracts

Avoid these seven pitfalls when negotiating business contracts.

1) Letters of Intent A “non-binding” letter of intent is commonly pursued when parties begin business discussions. Unfortunately, if one of the parties has a change of heart, the letter of intent may work against those who attempt to walk away. Certain phrases can cause the letter of intent to mean more than was originally… [More…]

January 2014: Around the State

Read business new from around Nevada: January 2014.

Saint Mary’s Home Care Named in Top 25 Percent of Nation Saint Mary’s Home Care has been listed as a 2013 HomeCare Elite program which ranks the top-performing home health agencies in the nation. The home care program has been listed in the top 25 percent for providing quality healthcare service to the Northern Nevada community.… [More…]

Odds for success of PERS plan – Roughly 1 in 12 Quintillion: Nevada Retirees Risk Seeing Their Benefits Reduced as Money Runs Short

Aside from death and taxes, there are no sure things in life. Everything we do involves an element of risk. The question then becomes: How much risk is reasonable, given the stakes? In the private sector, most entrepreneurs have risked tens of thousands of dollars — or sometimes even tens of millions of dollars —… [More…]

Elko’s Annual Boost: National Poetry Gathering Promotes Economic Development

Read the Silver Linings article, Elko’s Annual Boost: National Poetry Gathering Promotes Economic Development.

As Nevada prepares to celebrate its 150th birthday in 2014, Elko’s National Cowboy Poetry Gathering is commemorating 30 years of presenting the artistic traditions of ranching and cowboy culture of the American West. Held the last week of January each year, the event brings thousands of visitors to Elko. From its inception, the gathering defied… [More…]

Nevada Real Estate & Development Report: January 2014

Read the Nevada Real Estate and Development Report: January 2014 - Commercial real estate and development - projects, sales, and leases.

New Year – New Format The ReD Report has a new, easier to read format. Commercial real estate professionals throughout the state have requested the report be categorized in market areas, as opposed to zip codes. The color-coded areas correspond to the map below and each deal is presented in a more concise manner. We… [More…]

Retail Summary: Third Quarter 2013

Read the Nevada Retail Summary: Third Quarter 2013 - summarizing the office commercial real estate market for Las Vegas and Reno/Sparks.

Southern Nevada During the third quarter of 2013, the Las Vegas retail market continued to witness increased demand, largely sourced to tenants occupying previously vacant anchor spaces. The overall vacancy rate fell to 9.6 percent during the quarter, representing a decline of 30 basis points (0.3 percentage points) from the prior quarter (Q2 2013). The… [More…]

January 2014: Business Indicators

Read Nevada business indicators: January 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.6 percent, an improvement over the 2.8 percent growth initially reported. Most of the revision was due to an acceleration of private inventory investment. Personal consumption expenditures, business fixed investment, residential investment, net exports and state… [More…]

What’s your New Year’s Resolution?

Six Nevada executives share their New Year's resolutions for 2014.

“New Year’s resolutions are made to be broken!  Instead, I like to establish a New Year’s “theme” to help me refocus my priorities each year.  I have declared 2014 the “Year of Breaking Boundaries!” Kelley Goldberg | Shareholder, Intellectual Property Group Brownstein Hyatt Farber Schreck LLP “The goal I have for 2014 is to step… [More…]