Clark County School District Waste: Throwing Our Money Away

Two stories have come to light recently that show how taxpayers’ money is being wasted by the Clark County School District.

Am I the only one sick of this BS? Two stories have come to light recently that show how taxpayers’ money is being wasted by the Clark County School District. These examples not only point out the quality of the district’s decision-making, but also make me wonder what other questionable expenses haven’t yet been discovered. Did you know that the school district has a budget … [Read more...]

How Nevada Stacks Up 2014

The numbers are in and most data indicates that Nevada is making economic progress in recovering from the depths of the recession.

The numbers are in and most data indicates that Nevada is making economic progress in recovering from the depths of the recession.  The state’s unemployment rate, while still high, is lower than it was a year ago, the housing market is up, and tourism numbers are slightly higher.  This weak and prolonged recovery is taking its toll, but Nevadans – ever resilient – are hopeful … [Read more...]

Getting Out: The Financial Planning Features of a Business Exit Strategy

If an IPO is used as an exit strategy, it is important for ownership to begin planning for it right from the start and include it in the business plan.

Starting a business takes a large amount of planning. But after the business plan is completed, retail or office space is rented and employees are hired, many entrepreneurs have neglected one crucial question: When the time comes, how will they exit their business? When owners are immersed in the details of building a business, it’s difficult to imagine selling it or giving … [Read more...]

Industry Focus: Insurance

Insurance executives across the state met at the Las Vegas offices of City National Bank to discuss the challenges in their industry.

Despite constant changes in legislation and the additions of new regulations, the insurance industry strives to be a consistent resource for business owners and individuals alike. Recently, insurance executives across the state met at the Las Vegas offices of City National Bank to discuss the challenges in their industry. Connie Brennan, publisher of Nevada Business … [Read more...]

Hospitals in Nevada: An Industry in Transition

Hospital administrators are working very closely with purchasers of care and insurance carriers, to needs while striving to be competitive with costs.

Some things that don’t change in healthcare: the importance of patient outcome, patient experience, patient compliance and patient ability to pay for services. Other things in healthcare are changing rapidly: bio-engineered medications to treat specific patients, imaging devices take the place of exploratory surgery, the model for healthcare, the way hospitals are reimbursed … [Read more...]

CCIM: Join the Club

The requirements to earn the CCIM designation are challenging and extensive, necessitating a commitment of time, effort, money and, often, sacrifice.

After Nevada’s economic downturn and resulting real estate crash had begun, Cindy Santilena, a Las Vegas commercial real estate lender for small businesses and entrepreneurs, was looking for a way to highlight herself and her company when working with other industry professionals during a struggling, competitive market. She decided to pursue a CCIM, a prestigious certified … [Read more...]

Wage Insurers, Enforcers and a General Contractor’s Role

In 1931, the Nevada Legislature enacted a statute that made general contractors (GC) liable for the labor-related debt of their subcontractors. This statute, now codified as NRS 608.150, was set up to protect Hoover Dam workers to make sure they were properly compensated for their work. The statute ensures payment of not only wages, but also benefits. The legislature imposed … [Read more...]

‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets

Ask people in today’s workforce about “Reading Rainbow” and they’re likely to have either been viewers themselves or raised children who reaped its educative benefits. For over a quarter century, the publicly funded television show worked to instill a love of reading within countless children, but in 2009, the show was abruptly canceled by PBS. While big-government … [Read more...]

July 2014: Around the State

Read business news from around Nevada for July 2014.

MountainView Hospital and UNSOM Collaborate on Expanded Medical Education Program In an effort to increase the number of physicians serving in Southern Nevada, MoutainView Hospital and the University of Nevada School of Medicine (UNSOM) have agreed to work toward the development of an expanded Graduate Medical Education (GME) program based at MountainView Hospital.  The GME … [Read more...]

John Dolores, PhD: Center for Hope of the Sierras

Meet John Dolores, Executive Director of Center for Hope of the Sierras.

Executive Director Reno How did you first get into your profession? I am a clinical psychologist by training and, although I enjoyed practicing, I wanted to impact care on a systemic level. Thus, I decided to go into healthcare administration. If you had to choose another profession, what would it be? I have always enjoyed … [Read more...]

James G. Parrish (Jim): Humboldt General Hospital

Meet James G. Parrish, Executive officer at Humboldt General Hospital.

Chief Executive Officer Winnemucca How did you first get into your profession? I started at 19 as a part-time janitor with a hospital in Washington State. What do you like most and least about your industry? What I like most about our industry is that we have the opportunity to truly impact our patient’s quality of life. What I like least is … [Read more...]

Michael Cunningham: Bank of Nevada

Meet Michael Cunningham, Executive Vice President and Regional President at Bank of Nevada.

Executive Vice President, Regional President Las Vegas How did you first get into your profession? After graduating from college with a degree in accounting, I was accepted into the management training program at First Interstate Bank. If you could be remembered for one thing, what would it be? Knowing that I made a positive difference … [Read more...]

Court of Appeals: Timely Justice to Nevadans and their Businesses

Adding a Court of Appeals would have minimal fiscal impact on Nevada.

Nevada’s Supreme Court has been overburdened for decades as it struggles to provide the public with speedy access to justice in the face of an ever growing population. The increasing backlog of cases is prolonging justice in Nevada. Currently, 56 percent of all appeals require more than six months to be heard, with 29 percent taking more than one year. As a consequence justice … [Read more...]

Saint Mary’s Regional Medical Center: Established in 1877

Saint Mary’s began its legacy of caring for the community in 1877, when a few Dominican Sisters made an unplanned stop in Reno, on their journey from California to Kentucky. The Sisters stayed in Reno and built Mount Saint Mary’s Academy to bring education to the children of farmers and miners in the area. The academy would eventually become Sisters’ Hospital, as the rapidly … [Read more...]

Retail Summary: First Quarter 2014

Southern Nevada The Las Vegas retail market continued to witness increased demand in the first quarter of 2014 as the sector reported positive net absorption for the fourth consecutive quarter. The retail market vacancy rate fell to 9.0 percent by the end of the first quarter, which is down 0.1 percentage point from the prior period. Compared to a year ago, the vacancy rate is … [Read more...]

Business Indicators: July 2014

Nevada Business Indicators: July 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 1.0 percent, lower than the positive 0.1 percent growth first reported. U.S. nonfarm employment experienced gains in May, adding 217,000 jobs over April. The unemployment rate remained constant at 6.3 percent, as labor force participation increased. Housing … [Read more...]

What is your favorite charity?

What is Your Favorite Charity?

“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...]