With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. “Retail is trending positive. I’m conservatively bullish and would be happy with one to two percent growth next year,” said Kevin Budny, senior general manager of the Galleria at Sunset in Henderson. “We were comparable to 2015 this … [Read more...] about Spending Power: Nevada’s Retail Market
Money Mastery: The Key to Successful Wealth Management in Nevada
Money may indeed be the “root of all evil”, but when the rubber meets the road it also “makes the world go round”. The challenge for many is to effectively manage assets through the various stages of life so that accumulated wealth can help meet needs along the way. While previous generations may have saved for a rainy day by stuffing money in a mattress or, more recently, may … [Read more...] about Money Mastery: The Key to Successful Wealth Management in Nevada
Business on the Move: Office Market in Nevada
As election jitters continue to dominate the news cycle, the status of the national economy appears to be just so-so in the minds of many business leaders. With only 38,000 jobs added in May, according to the latest U.S. Department of Labor statistics, the overall national employment situation is not as strong as most people would like. Having survived the steep highs and lows … [Read more...] about Business on the Move: Office Market in Nevada
Emerging Demands: Multi-Family Real Estate
When the American Dream of home ownership took a nose dive due to the recession, many people discovered that it’s increasingly hip to rent. Subsequently in the past few years, the multi-family real estate market has enjoyed a record-setting uptick as demand has exceeded supply in Nevada as well as all over the country. “Things are very positive. This market had been one of the … [Read more...] about Emerging Demands: Multi-Family Real Estate
Developers: New Projects Signal Improved Markets
As the welcome sights and sounds of industrial construction continue to pop up all around the Silver State, business decision makers agree that economic good times are coming back. With 200 million square feet of development sprinkled around the U.S., Europe and Canada, developers at Panattoni Development Company, Inc. are happy to have stuck with in Nevada for 17 … [Read more...] about Developers: New Projects Signal Improved Markets
Workforce Issues
As Nevada claims the distinction of having the highest private sector job growth in the country, according to the Nevada Department of Employment, Training and Rehabilitation (DETR), decision makers are focusing on how the Silver State can best respond to workforce needs in an ever changing and diverse economy. “The economy is diversifying based on the economic development … [Read more...] about Workforce Issues
Minority Owned Challenges & Successes
The backbone of the U.S. economy has traditionally been composed of millions of small businesses that are owned and managed by entrepreneurs who savor being their own boss. As the economy inches its way to recovery, that same hard scrabble independence remains a driving force behind numbers that indicate some sectors of the financial world might be getting better all across the … [Read more...] about Minority Owned Challenges & Successes
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. “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...] about Let’s Get Personal: Credit Unions in Nevada
On the Rise: Commercial Building Rebounds
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...] about On the Rise: Commercial Building Rebounds
Nevada’s Utilities
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...] about Nevada’s Utilities
The Office Market: Slow and Steady into the Future
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...] about The Office Market: Slow and Steady into the Future
Nevada’s Utilities: Fueling the State’s Energy and Water Needs
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...] about Nevada’s Utilities: Fueling the State’s Energy and Water Needs
Back to Basics: Architects and Engineers in Nevada
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...] about Back to Basics: Architects and Engineers in Nevada
Corporate Philanthropy: The Gift that Keeps on Giving
When Alexander Graham Bell, the founder of the Bell Telephone Company (now AT&T), embarked on a mission to teach speech and lip-reading to deaf people in the late 1800s, he helped sow the seeds of present day corporate philanthropy. Along with other business leaders of his day, such as J. P. Morgan and Henry Ford, Bell blended the idea of corporate citizenship with … [Read more...] about Corporate Philanthropy: The Gift that Keeps on Giving
Risk Management: A Necessary Consideration
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...] about Risk Management: A Necessary Consideration