Healthcare Check-Up: Nevada Works to Deliver Health Amid Shortages

The results show that, while the state has moved forward in many healthcare arenas, Nevada still has a long road ahead.

At this point in the year, the initial stages of the Affordable Care Act (ACA) have already been implemented. The results show that, while the state has moved forward in many healthcare arenas, Nevada still has a long road ahead. More Nevadans Covered Data showed that during the recent enrollment period, 72,000 Nevadans applied for and enrolled in health insurance plans … [Read more...]

Banking In Nevada: Beginning to Flourish

Today’s banking industry in Nevada looks different from the industry five ago.

This year, Las Vegas-based Ear Nose & Throat Consultants of Nevada obtained financing from City National Bank for ground-up construction of a 13,000-square-foot surgery center. This is one of many Silver State businesses contributing to increased demand for banking services. “Businesses cannot ignore the need for growth now,” said John Wilcox, the Nevada regional … [Read more...]

Mining: Progress Amid Tough Economics

From lowering gold and silver prices to sage grouse habitat protection, Nevada’s mining companies today face challenges that hurt their bottom line.

From lowering gold and silver prices to sage grouse habitat protection, Nevada’s mining companies today face challenges that hurt their bottom line. Yet, many continue to forge on, creatively tackling difficulties and working to advance projects. “Different aspects of the industry are struggling, but our ability to be sustainable is greater now than ever because we’ve … [Read more...]

Technology Trends in the Silver State

A major technological trend today is mobility, a bevy of technologies that not only allow us to connect to others and the Internet anywhere.

In December 2011, Frederick Cook and Kelly Eidson co-founded a business that aims to make moving one’s office or home a seamless, problem-free process. Using its proprietary technology, this Las Vegas firm acts as the intermediary between people who need moving services—truck rentals, full-service movers, pods, freight trailers and more—and the companies that provide those. … [Read more...]

Nevada Land Market Continues to Recover

“The land market has been in recovery since 2010, and homebuilders have been driving that,” said managing partner of Sunbelt Development & Realty Partners.

Demand for land in Nevada has resembled a rollercoaster pattern this decade. During the real estate boom in the first half of the 2000s, both residential and commercial developers hungrily purchased land, driving up prices. With the recession, the opposite happened; development nearly ceased, land demand decreased and so did the price. Again, the pendulum has begun to swing … [Read more...]

Elko Catches Up to Growth

While the rest of Nevada suffered the dramatic economic downturn and aftermath, the Greater Elko region boomed, primarily due to bustling mining operations.

While the rest of Nevada suffered the dramatic 2007 economic downturn and aftermath, the Greater Elko region boomed, primarily due to bustling mining operations resulting from a high gold price. In fact, over the last decade, the population there has burgeoned. The City of Elko alone went from about 10,000 to 20,000, with the broader Elko area home to about 30,000. “It’s … [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...]

Health Insurance Update: The Real Cost of Healthcare

The healthcare industry has been undergoing a major shift in how insurers pay providers, against that backdrop the state began implementing the ACA mandates

The healthcare industry, over many years, has been undergoing a gradual but major shift in how insurers pay providers. Against that backdrop, the state began implementing the Patient Protection and Affordable Care Act’s (ACA) mandates, several of which the federal government has delayed or amended since. The ACA or Obamacare, as it has become known, has caused additional … [Read more...]

Henderson: Built to Suit

Henderson has evolved into a first-rate location for companies. Today, this progressive city delivers exceptional services and amenities for businesses.

Henderson, now in its 61st year, has evolved into a first-rate location for companies. Today, this progressive city delivers exceptional services and amenities for businesses, living up to its moniker: the Las Vegas Valley Address for Business Success. It’s home to many nationally and regionally known enterprises; others are in the process of making it so. More than 10,000 … [Read more...]

Nevada’s Employment Landscape: Drawing on New Opportunities

At its peak, in October 2010, the state’s unemployment rate hit 13.8 percent, and activity in numerous sectors dropped drastically.

It’s been a while now since the start of the nation’s recession that so harshly impacted Nevada. At its peak, in October 2010, the state’s unemployment rate hit 13.8 percent, and activity in numerous sectors dropped drastically. About two years ago, Governor Sandoval called for the creation of 50,000 Nevada jobs by the end of 2014. Numerous organizations—for economic … [Read more...]

Corporate Branding: A How To Guide

What makes one business stand out from the pack? Why do potential clients choose one over the other for their services? The answer is in the brands.

What differentiates similar companies, making one stand out from the pack? Why do potential clients choose one over the other for their services? The answer is in the brands. Branding, while second nature to some, remains a mystery to numerous other businesses. In fact, a common belief is that a company’s brand is its logo; this isn’t the case. So what exactly is a brand? What … [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...]

The Role and Responsibilities of State Officers

Read the role and responsibilities of the Nevada State Officers.

In Nevada, six constitutional officers comprise the state government’s executive branch. They are the governor, lieutenant governor, attorney general, secretary of state, state treasurer and state controller. All are elected to four-year terms and may serve a maximum of two terms. Next year, Nevadans will vote for all positions but governor. The primary obligation of these … [Read more...]

Franchising: A Rapid-Growth Business Model

Despite the inherent and external challenges, franchising can be very rewarding, if done right.

Since 1985, Reno-headquartered franchisor, Port of Subs Inc., has sold licenses to entrepreneurs to independently own and operate its made-fresh-to-order sandwich shops, in accordance with the brand and the parent companies’ wishes. Today, the corporation has 108 franchisees in addition to 35 of its own locations, spread throughout the western U.S., and it continues to expand. … [Read more...]

Mind Lock: Protecting Intellectual Property

The biggest mistake companies make when it comes to their intellectual property is failing to fully identify and protect it, experts said.

The biggest mistake companies make when it comes to their intellectual property is failing to fully identify and protect it, experts said. The consequences can be disastrous and expensive. “Intellectual property is becoming more and more important as our economy changes into an idea-based economy from a manufacturing-based one,” said Charles Lombino, an intellectual property … [Read more...]

Creating New Opportunities: Executive Education in Nevada

Nevada offers various executive educations opportunities, from courses to degrees designed specifically for middle to upper management.

In today’s competitive job market and with evolving technologies, it’s not unusual for corporate executives to pursue additional education, whether to increase their knowledge in specific areas, update or acquire skills, discover new trends or even learn new management styles. Nevada offers various academic opportunities, from courses to degrees, some of them new, designed … [Read more...]

Credit Unions in Nevada: They’re Coming Back

Many credit unions in Nevada are garnering profits, a welcome trend.

During the recession, Nevada’s Boulder Dam Credit Union (BDCU) moved from the black into the red, primarily due to loan losses, said President and CEO Eric Estes. It weathered the financial decline by shrinking assets and shares. After three and a half years in the doldrums, the credit union’s health began to turn around. BDCU now has been profitable for about 18 months, … [Read more...]

Property Management: Operating Lean and Mean

Working in property management today differs greatly than it did five years ago, due to a continued poor economy since 2008.

The core responsibilities of a property manager, whether commercial or residential, are to collect rents or homeowners’ association dues, pay bills, manage properties for the owners or homeowners associations and oversee vendors’ provision of services. “It’s not about just collecting rents. It’s about managing the entire process of a building from cost expense to revenue to … [Read more...]

Business Financing: An Economic Bright Spot

The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession.

The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession. Capital is available. Businesses are seeking financing, and lenders are closing loans. “Things are definitely looking up,” said Bob Francl, executive vice president and regional manager of First Independent Bank, which serves clients primarily … [Read more...]