Let’s Get Personal: Credit Unions in Nevada

Although many financial institutions struggled during the recent economic downturn, credit unions in general fared somewhat better.

Although many financial institutions struggled during the recent economic downturn, credit unions in general fared somewhat better. “The credit union industry weathered the recession pretty well, but in Nevada some merged out of existence. The credit unions that are left are much stronger and are thriving now,” said Andy Hunter, president and CEO of Silver State Schools … [Read more...]

On the Rise: Commercial Building Rebounds

Commercial building in Nevada has also had to adapt to a shortage of skilled labor as a result of the recession, according to Grein.

For the first time since 2007, when the recession decimated their industry, commercial builders in Nevada believe the industry is finally snapping back. “The recovery is slower than anybody wanted it to be, but the good news is that it is recovering,” says Ray Sedey, executive vice president of McCarthy Building Companies in Las Vegas. “Construction is recovering, but we’re … [Read more...]

Nevada’s Utilities

A regulatory agency that ensures investor-owned utilities comply with laws enacted by the Nevada Legislature, the PUCN oversees a broad spectrum of entities

Utility movers and shakers in Nevada continue to be optimistic as they strategically manage new technologies, increased regulation, customer growth and a changing portfolio mix of options. Regulations A regulatory agency that ensures investor-owned utilities comply with laws enacted by the Nevada Legislature, the Public Utilities Commission of Nevada (PUCN) oversees a broad … [Read more...]

The Office Market: Slow and Steady into the Future

As a mixture of economic indicators appear to show the recession, movers and shakers in Southern Nevada’s office market are cautiously planning ahead.

As a mixture of economic indicators appear to show the recession in our rear view mirrors, movers and shakers in Southern Nevada’s office market are cautiously planning ahead for slow and modest growth in the coming months. “The trending is moderate growth overall due to a bettering economy,” says Lance Bradford, founder of Stable Development in Las Vegas. “There are … [Read more...]

Nevada’s Utilities: Fueling the State’s Energy and Water Needs

As movers and shakers in Nevada’s utilities industry plan for the future, they share a number of common bonds in the challenges they face.

As movers and shakers in Nevada’s utility industry plan for the future, they share a number of common bonds in the challenges they face. Future strategies are likely to make provisions for such factors as increased regionalization, new regulations, enhanced customer satisfaction, state-of-the-art technologies, alternative energies, drought conditions, greater management … [Read more...]

Back to Basics: Architects and Engineers in Nevada

Architects and engineers around the Silver State say they expect to see the appearance of a light at the end of the recession tunnel this year.

It may not usher in the booming economy that Nevadans were basking in just a short decade ago, but architects and engineers around the Silver State say they expect to see the appearance of a light at the end of the recession tunnel this year. “The outlook looks quite good. There was almost a stop in commercial construction and we’re seeing it pick up in almost every aspect,” … [Read more...]

Risk Management: A Necessary Consideration

The Importance of Risk Management in Business

As president and owner of Heuer Insurance Company in Sparks, Larry Heuer is well aware of the catastrophic losses businesses have the potential to experience if they don’t practice appropriate risk management. As an example of sound risk management, however, he chooses to remember a client who suffered a large loss due to a fire caused by a tenant in one of his upscale … [Read more...]

Education Outlook: Weathering the Storm

Nevada's Education Outlook

Against a persistent backdrop of brutal budget cuts, shrinking revenues and heightened expectations, K-12 educators in Nevada continue to explore and implement innovative solutions to the challenges they face in the state’s schools. “We’re in the new normal now with the expectation that we’ll have to do more with less,” says Heath Morrison, superintendent of Washoe County … [Read more...]

Driving Forward: Transportation in Nevada

Although it’s been criticized for having earmarks that will supposedly save the salt marsh harvest mouse from extinction and reduce community violence through tattoo removal in California, the American Recovery and Reinvestment Act of 2009 (ARRA) is praised by transportation leaders in Nevada as a veritable Godsend of monies that has enabled them to continue their all important … [Read more...]

Public Works: The Survivors Arena

As the economic recession continues to take its toll on the Silver State, it’s not exactly business as usual for public works in Nevada. Although individuals who plan and execute these public ventures are gamely trying to meet demand for services, they are finding themselves in a much more competitive environment that requires increased efficiency, but often with a paucity of … [Read more...]

Heart & Soul: Nevada’s Downtowns

As economic indicators continue to paint a less than rosy picture of the financial health of the Silver State, public and private movers and shakers remain steadfastly committed to the future development and redevelopment of Nevada’s downtowns. With an unemployment rate of more than 14 percent and with 65 percent of its mortgaged homes underwater, according to recent figures … [Read more...]

Business Bankruptcy: Understanding the “Worst Case Scenario”

Although filing for bankruptcy could have made debtors instant pariahs some years ago, the process has lost most of its social stigma during the current recession as bankruptcy has become an almost ubiquitous solution to today’s financial woes. The total number of personal and business filings in Nevada rose sharply from 5,542 in 2006 to 10,951 in 2007, to 18,709 in 2008, to … [Read more...]

Growing Up: Nevada’s Economic Development

As they welcome the arrival of 2011, economic developers in Nevada look to the New Year with both eagerness and apprehension. Will this be the year of the perfect storm that can propel the state toward sustainable economic diversification? Or will 2011 be another year overshadowed by continued economic hard times and frustrations? Absent a crystal ball to forecast the … [Read more...]