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 the potential to kill business in our state. Here’s a … [Read 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 a piece of. The bill allowing online poker in Nevada was … [Read 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, a group of Nevada attorneys met at the offices of … [Read 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 Genting Berhad, a Southeast Asia casino … [Read more...]

D. Gary Longaker: Nevada Rural Housing Authority

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

Executive Director Carson City 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 … [Read 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 about the intrinsic rewards that come with being … [Read 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 intended. A court may interpret the letter of intent … [Read 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. Agencies in the listing are ranked by an … [Read 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 — pursuing opportunities to grow their businesses. They … [Read 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 expectations. In 1985, the … [Read 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 appreciate all the brokers who continue to send us their … [Read 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 rate is down 70 basis … [Read 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 … [Read 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 up one of my original goals when I first … [Read more...]