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 for services.… [More...]

Connecting the Dots: Nevada’s Place in the Global Economy

In Nevada where the need to diversify the economy continues even as recovery takes hold, increasing the businesses that export could bolster the economy.

Ninety-six percent of the world’s population lives outside the U.S. Yet only 1 percent of American businesses export their products and services. In countries like Germany and Japan, some 40 to 60 percent of GDP is in export. Still, our 1 percent translates to trillions of dollars coming into the U.S. economy, according to Randy… [More...]

Builders and Developers: Bullish on Nevada

Commercial real estate, which saw many projects stalled mid-recession, is finally moving in Nevada: contractors are hiring and builders are returning.

Nevada’s skyline is once again changing. Commercial real estate, which saw many projects stalled mid-recession, is finally moving: contractors are hiring and builders are returning. But is there activity across the board in all industry sectors – industrial, office, retail, mixed-use – or are some moving faster than others? Does it spell recovery? Or another… [More...]

Educating Nevada’s Workforce: Higher Education in Nevada

Education and economy go together. It’s almost like an equation: education plus workforce equals a healthy economy.

Education and economy go together. It’s almost like an equation: education plus workforce equals a healthy economy. A top flight, community-involved system of higher education is a draw for new industries looking to locate within a state. There’s a need for research institutions, an educated, trainable workforce and a healthy feeder K through 12 school… [More...]

Workin’ Out at Work: Corporate Wellness in Nevada

Read Workin’ Out at Work: Corporate Wellness in Nevada.

Wellness programs are becoming more popular in today’s economy as both employers and employees alike work to keep healthcare costs down. Wellness programs are workplace programs that promote healthy lifestyle choices, offer opportunities to take control of health issues and cut healthcare costs. Programs may include education, athletic opportunities, on-site medical screenings, health coaching and… [More...]

Banking on Nevada: A New Day Dawning

Banking doesn’t exist in a vacuum; the industry is affected by the economic environment.

Banking doesn’t exist in a vacuum; the industry is affected by the economic environment which, in turn, can be directly affected by practices and realities within the banking industry. So it should be good news that Nevada bankers are feeling optimistic about 2014. The banking industry has stabilized, according to George E. Burns, commissioner, Nevada… [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… [More...]

Nevada’s 2014 Economic Forecast: The Way the Wind Blows…

This year’s predictions offer more good news than has been reported in Nevada Business Magazine’s annual Economic Forecast in the last few years.

When it comes to fortune telling, nothing is ever certain, but a handful of industry experts share their thoughts on Nevada’s economy in 2014. This year’s predictions offer more good news than has been reported in Nevada Business Magazine’s annual Economic Forecast in the last few years. While most business executives are proceeding with caution,… [More...]

Rural Nevada: Independent Spirit Alive and Well

Rural Nevada seems to be rebounding in most communities that were hit the hardest, and recovering in a very positive manner.

Nevada’s rural economies are microcosms of the state’s economy, each with its own characteristics, strengths and weaknesses. While the rest of the country experienced the economic downturn, several of Nevada’s northeastern rural counties barely even blinked. As the economy dove and gold prices rose, mining counties like Elko are just now catching their breath as… [More...]

The Cyber State: Nevada’s Burgeoning Technology Industry

So what’s next? In terms of the next big technology, the crystal ball is fuzzy. But in terms of Nevada technology, growth is in the works.

The Brookings Report; Unify, Reorganize, Diversify: An Economic Development Agenda for Nevada, commissioned by the Governor’s Office of Economic Development in 2011, identified seven industry clusters Nevada should develop, specifically naming the technology and aerospace industries. In 2013, many in those industries are looking at and locating in, Nevada. Tech Comes to Nevada Technology is… [More...]

In the Black: A Look at Retail in Nevada

A Look at Retail in Nevada

Nevada’s retail industry, both from the brokerage and the retailer’s side, is guardedly optimistic. The optimism is driven by general economic indicators coupled with national retailer behaviors and Nevada sales performances in 2012. Let’s Go Shopping When locating stores, retailers look at sales performance in a city. “We’re seeing sales performance continue to increase in… [More...]

Heart of Our Cities: A Look at Nevada Downtowns

A healthy center reflects a healthy community. For a city to thrive and prosper, downtown needs to be a draw for visitors and residents alike.

Downtown is the heart of a city. Traditional wisdom states that a healthy center reflects a healthy community. For a city to thrive and prosper, downtown needs to be a draw for visitors and residents alike. Economically, a robust, vital midtown attracts businesses, which in turn employ residents and pumps money into the economy. A… [More...]

Finding our Niche: Distribution Centers in Nevada

Distribution centers are finding a foothold in Nevada, to the benefit of the state’s economy.

In an effort to diversify Nevada’s economy away from over reliance on travel and tourism, hospitality and gaming, economic development authorities throughout the state continue to work to find the perfect industries for Nevada’s business-friendly tax climate, wide-open spaces, multi-modal transportation systems and easy access to the 11 western states. In 2011, the Governor’s Office… [More...]

Workforce Development In Nevada

From an economic development standpoint, workforce development and diversification is singularly the most important facet.

In the wake of the recession, with unemployment just under 10 percent, it would seem employers would have no problem filling positions. But though Nevada’s employment base is growing again, it remains below pre-recession levels and of people who have gone back to work, a disproportionate share have gone back part-time or in jobs that… [More...]

Flip a Switch, Turn on a Faucet: Nevada’s Utility Companies

Utilities in Nevada took a beating during the recession. Now the light at the end of the tunnel may be an indication that the economy is recovering.

Utilities in Nevada took a beating during the recession. Now the light at the end of the tunnel may be an indication that the economy is recovering. Utilities is a catchall phrase for services businesses and individuals use on a daily basis: water, power, natural gas. Most utilities are regulated by the Public Utilities Commission… [More...]

The Right Person for the Right Job

Despite the number of people unemployed in the Silver State, hiring the right people for the right positions is important for employers.

What Employers are Offering to Find the Right Employees In January 2000, when unemployment in Nevada stood at 3.8 percent, everyone who wanted a job was working. Retention was key for businesses and if the quality employees that employers wanted to retain requested bright orange walls and a slide in the lunchroom, or wanted to… [More...]

See You in Court: Business Litigation in Nevada

In business litigation, taking steps to protect your business can mean the difference between see you in court and see you at settlement.

Conventional wisdom says that when the recession hit in late 2007, lawsuits between businesses probably increased as companies tried everything to stay afloat, including collecting all debts owed and enforcing contractual agreements. But many attorneys working in litigation saw a decrease in lawsuits filed in most arenas. Instead, there was a rise in alternative dispute… [More...]

Getting There: Transportation in Nevada

Transportation in Nevada

Nevada is a hub state, with easy access and distribution from both ends of the state to the Western states. Northern Nevada offers access by roadways, railways and an international airport as well as additional airports in surrounding areas. Southern Nevada offers ground access to Los Angeles, Phoenix, Salt Lake City and points south. The… [More...]

Cash Flow & Collections: Making Accounts Receivable Perform for Your Business

Cash Flow & Collections: Making Accounts Receivable Perform for Your Business

Nobody likes to talk about money. Most of us were raised to feel it’s uncouth. For polite society, that’s not such a bad guideline. But for businesses trying to maintain the bottom line, talking about money is a necessity – as is asking for it from clients and making certain it gets paid. In the… [More...]

Getting It Done: The 2013 Legislative Session

Getting It Done: The 2013 Legislative Session

The 77th regular legislative session starts in Carson City on February 4, 2013. What major issues will be coming down the pipeline in 2013? How will issues discussed and laws passed in the upcoming session affect Nevada in the future? What part will a freshman Legislature play and what challenges will lawmakers face? The Budget… [More...]

Thinking ahead: The Ins and Outs of Business Insurance

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Business insurance exists for one reason: to protect your business from essentially two categories of threat – those arising from people in our litigious society where anyone who owns a business can be considered a deep pocket target, and where damage caused by your business’s product or advice is actionable; and to protect against Mother… [More...]

See You Next Year in Nevada! Corporate Meetings and Conventions

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In 2011, almost 40 million people visited Las Vegas. Of those visitors, nearly 5 million were attending conventions and corporate meetings. In 2011 alone there were 19,029 conventions held in Southern Nevada, according to the Las Vegas Convention and Visitors Authority (LVCVA). In total, Southern Nevada offers about 2.6 million-square-feet in convention and meeting space,… [More...]