Nevada’s Public Employee Retirement System (PERS) is a public agency created by the Nevada Legislature to provide benefits to retired government employees in the state. The agency is funded by your tax dollars and required to disclose retirement records, including pension amounts, for public employees per a 2013 Nevada Supreme Court ruling and in conjunction with the Nevada … [Read more...] about What is PERS hiding? Government Agency Fails to Comply
Archives for August 2016
Manufacturing: Organizations Work to Bolster Industry
A major focus of the state’s economic development organization and other agencies throughout Nevada is growing and supporting the state’s manufacturing industry, and their efforts continue to bear fruit. “There are so many people working right now, from the governor all the way down, to make sure we provide workforce and housing and stimulate the economy in ways that have … [Read more...] about Manufacturing: Organizations Work to Bolster Industry
Industry Focus: Mining
The mining industry in the Silver State has undoubtedly faced its share of challenges over the last few years. Commodity prices and strict federal regulations have hindered organizations as they seek to gain forward momentum. However, leaders in the industry nonetheless expressed continued optimism for mining in Nevada. They recently met at the Reno offices of City National … [Read more...] about Industry Focus: Mining
Crunching the Numbers: Tax Planning and Accounting in the Silver State
Despite all the thunder, lightning and tumult that surround the federal government in this election year, taxpayers are catching a break as they develop their tax-reduction strategies. At the end of 2015, Congress moved to make 20 tax-relief provisions permanent, which removes the year-end guessing games that bedeviled taxpayers and their advisors in recent years. “We’re not … [Read more...] about Crunching the Numbers: Tax Planning and Accounting in the Silver State
A Tip on Tipping: Changes to shared tips for Employees Affect business
Earlier this year, the U.S. Court of Appeals for the Ninth Circuit in a 2-1 panel decision upheld the United States Department of Labor’s (DOL) 2011 revisions to its regulations applying tip-pooling restrictions to employers that do not use a tip-credit to satisfy minimum wage obligations. This is particularly significant in Nevada which does not allow tip-credits toward the … [Read more...] about A Tip on Tipping: Changes to shared tips for Employees Affect business
Public Sector Unions: Not pro-worker, rather Anti-Freedom
What level of service would private businesses provide if they knew their consumers had no choice but to purchase their product? In the real-world of private-sector industry, customers are retained by providing them with a good or a service at a price they are willing to pay. In the world of public-sector unions, however, coercion, cronyism and deceit are the favored methods … [Read more...] about Public Sector Unions: Not pro-worker, rather Anti-Freedom
Meet the Candidates
As November and this year’s controversial elections quickly approach, hopeful candidates are pushing their campaigns forward and tackling the most pressing issues facing Nevadans. Topics affecting businesses in the state are particularly important as the state’s economy continues to recover from the most recent recession. As part of Nevada Business Magazine’s Business First … [Read more...] about Meet the Candidates
Movers & Shakers: Justin Kalb
President Kalb Industries of Nevada (44 years in Nevada) “Honesty and integrity are everything in this business.” Type of Business: General Contractor | Hails from: Las Vegas, NV | 10 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? It was the family business. The more I tried to push away the more I found myself drawn … [Read more...] about Movers & Shakers: Justin Kalb
Welcome to Nevada: August 2016
LT Proactive Care Clinic Opening its first Nevada location in Henderson, LT Proactive Care Clinic is a healthcare organization that focuses on integrating medicine, nutrition and exercise to create personalized plans rather than simply treating diseases. The clinic has hired seven full time employees and hopes to add more as the business grows. Other locations include … [Read more...] about Welcome to Nevada: August 2016
Around the State: August 2016
NCOT Provides Grants for Rural Tourism The Nevada Commission on Tourism (NCOT) has funded nearly $900,000 in grants to organizations promoting rural Nevada tourism. The funds are provided through the NCOT’s Rural Grants Program. Organizations that received the grants include the Great Basin Heritage Area Partnership, Backcountry Discovery Routes, Wells Chamber of Commerce, Las … [Read more...] about Around the State: August 2016
Beyond the Bank: Financing Commercial Real Estate in Nevada
Commercial real estate means office buildings, retail and industrial properties, multi-family projects and the raw land that eventually becomes all of the above. Commercial real estate financing is equally varied and includes everything from traditional bank-backed loans to newer twists such as crowdfunding. Finding Funding There are a variety of sources of lending, … [Read more...] about Beyond the Bank: Financing Commercial Real Estate in Nevada
Red Report: August 2016
E Sale, Other ADDRESS 5621 – 5719 Judson Ave., 89156 BUYER Progressive Pilgrims Fellowship SELLER Saint Michael Antiochian Orthodox Church DETAILS 7,000 SF; $730,000 APN 140-21-601-005 SELLER’S REP Al Twainy, CCIM of Colliers International H Sale, Office ADDRESS 150 N. Gibson Rd., 89014 BUYER Harsch Investment Properties SELLER Basic Land Company, Inc. DETAILS … [Read more...] about Red Report: August 2016
Industrial Summary: Second Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q2, 2016 was 4.6 percent, a decline of 0.4 points from 5.0 percent in Q1, 2016. Q2’s decrease ended two quarters of increases in the industrial vacancy rate. However, with vacancies at low levels and positive economic trends, rate increases are currently more likely due to simple statistical … [Read more...] about Industrial Summary: Second Quarter 2016
Business Indicators: August 2016
The third estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 was revised upward to 1.1 percent annualized growth rate from the 0.8 percent second estimate. The revision occurred as more complete data showed that exports increased more than previously thought. Nevertheless, the stronger dollar, cheaper oil and a weaker global economy still … [Read more...] about Business Indicators: August 2016
What is the biggest challenge facing Nevada?
“In my efforts to attract new companies to Nevada, the biggest challenge has been our education system. It is hard to compete with other states when we are ranked next to last on a nationwide level.” Mike Hillis, SIOR | Prinicpal, Avision Young “Nevada’s biggest challenge is convincing the world that this is a great place to live. Our city has made an amazing recovery and … [Read more...] about What is the biggest challenge facing Nevada?