On the heels of Nevada’s largest tax increase, crafted in 2015, legislators are again looking for additional sources of revenue. This time, it comes in the form of AB 43, which modifies the current law on property tax caps. And it comes at a time when businesses are just starting to recover from the worst recession in recent history. I have an idea. How about our government … [Read more...] about Here We Go Again: Legislature Poised to Raise Taxes
Archives for April 2017
Slow & Steady: Economic Development in Rural Nevada
From McDermitt and Montello in the north to Laughlin in the south, Nevada’s rural cities struggle to foster economic development but desperately need it. Each locale differs, in terms of primary economic sectors, natural assets and location for instance. However, common themes have been for some, and continue to be for others, dilapidated downtowns, struggling businesses and … [Read more...] about Slow & Steady: Economic Development in Rural Nevada
Nevada Infrastructure: Keeping Up with a Growing State
According to the U.S. Census Bureau, Nevada’s 1.95 percent population growth rate from July 2015 to July 2016 made it the second fastest-growing state in the country, slightly behind Utah’s 2.03 percent. With the state’s official population nearing the three million mark, how is infrastructure keeping up with growth? The Orange Cone Zone Some of the funding for Nevada’s road … [Read more...] about Nevada Infrastructure: Keeping Up with a Growing State
City of Henderson: City of the Future
At a time when technology makes daily leaps from innovation to reality, it’s people and the companies they form that bring the awe factor to life. In Henderson, both innovations and innovators are celebrated and cultivated, from the entrepreneurial spirit of downtown Henderson to the city being home to nationwide firsts. It’s people that transform a city into a City of the … [Read more...] about City of Henderson: City of the Future
Industry Focus: Human Resources & Staffing
As the economy and staffing needs change, the human resources (HR) and staffing industry in the Silver State has been working on creative solutions to keep up with new trends. Executives in HR and staffing recently met at the Las Vegas offices of City National Bank to discuss the challenges and opportunities facing their industries. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus: Human Resources & Staffing
Movers and Shakers: Mike Pansky
Founder & CEO InterKn (1 year in NV) Type of Business: Software as a Service (SaaS) | Hails from: Reno, Nevada | 1 year with company in Nevada | Based in: Reno How did you first get into your profession? [I was] recruited to work for Sierra Nevada Corporation, and inspired by the innovation of small businesses and incorporating my passion for mergers and … [Read more...] about Movers and Shakers: Mike Pansky
Welcome to Nevada: April 2017
Axe Monkeys Las Vegas Axe Monkeys, an indoor recreational axe throwing facility, has opened its first location in the United States in Southern Nevada. Based in Canada, company executives saw the opportunity to expand in Las Vegas due to heavy tourism traffic and those looking for a unique experience. The facility can accommodate about 300 guests. The new location filled 12 … [Read more...] about Welcome to Nevada: April 2017
Around the State: April 2017
UNLV Lee Business School MBA Program Rises in Ranking The University of Nevada, Las Vegas (UNLV) Lee Business School’s MBA program has broken the top 100 in U.S. News & World Report’s annual ranking of part-time MBA programs. UNLV’s course rose from 102 to tie for 95th place and is part of the ranking of “America’s Best Graduate Schools”. The rankings compare over 300 … [Read more...] about Around the State: April 2017
Made in NYC; Made Better in Reno: A Business Case Study, Bombora
Rob Armstrong, co-founder of Bombora, was looking to expand R&D operations westward from their Manhattan headquarters. Where Bombora landed might surprise many. But it shouldn’t. The company, founded in 2014, is a startup in the AdTech sector providing B2B demographic and intent data for marketers worldwide. By aggregating users into demographic segments, it deploys … [Read more...] about Made in NYC; Made Better in Reno: A Business Case Study, Bombora
‘Obamacare Lite’ Is Not the Free-Market Solution We Were Promised
When Republicans recently unveiled their first attempt to dismantle the Affordable Care Act, it became obvious the leadership was more focused on repackaging and rewriting than repealing and replacing. Certainly, some changes were suggested that would have boded well for businesses and individuals. While the individual and business mandates would remain a part of the law, … [Read more...] about ‘Obamacare Lite’ Is Not the Free-Market Solution We Were Promised
Developing Big Boxes: Growth in Nevada’s Industrial Market
That sound that developers of industrial properties hear in the background is the ticking of the clock counting down the longest-lived economic recovery since World War II. But although the ticks are growing louder, demand for space from new and expanding industrial companies keeps developers busy in Las Vegas and Reno alike. The reasons for the boom are a well-told … [Read more...] about Developing Big Boxes: Growth in Nevada’s Industrial Market
Red Report: April 2017
N Sale, Retail ADDRESS 8043 – 8053 N. Durango Dr., 89131 BUYER Durango SNS, LLC SELLER SSB Propco, LLC DETAILS 11,060 SF; $2,225,000 APN 125-08-817-002 SELLER’S REP Dustin R. Alvino of Marcus & Millichap Sale, Land ADDRESS SEC of Rainbow Blvd. & Ann Rd., 89130 BUYER Herbst Development, LLC SELLER Rainbow Ann 1, LLC DETAILS 1.64 acres; $1.4 million APN … [Read more...] about Red Report: April 2017
Retail Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail had an encouraging finish to 2016 with vacancy dropping 0.7 points from 11.2 percent in Q3, 2016 to 10.5 percent in Q4, 2016. At the end of Q4, vacancy rates were 6.8 percent in power centers, 11.8 percent in community centers and 11.4 percent in neighborhood centers. Record high taxable sales are playing a significant role … [Read more...] about Retail Summary: Fourth Quarter 2016
April 2017: Business Indicators
The “second” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 grew at a 1.9 percent annualized rate, remaining unchanged from the “advance” estimate. According to more complete source data, consumer spending increased more strongly than previously thought, but increases in state and local government spending and nonresidential fixed investment … [Read more...] about April 2017: Business Indicators
What Business Resource Do You Wish You Had More Of?
“Non-profits can always use more support which furthers the organization’s impact. Support from generous donors and trustees who believe in your mission, and support of members and visitors who value the museum enough to visit.” Tifferney White | CEO and President, Discovery Children’s Museum “Having been in business in Southern Nevada for 30 years, I would like to have … [Read more...] about What Business Resource Do You Wish You Had More Of?