Mining: It’s About More than Gold

The value chain for Nevada’s roughly 20 metals and minerals begins with companies mining the resources.

The value chain for Nevada’s roughly 20 metals and minerals begins with companies mining the resources. This benefits the miners and their employees monetarily and the communities around those mines where dollars are spent, donations are made and other commitments are carried out. Mining firms require goods and services at each stage of their process—exploration, … [Read more...]

Nevada’s Tourism Industry: Going Strong

Nevada’s tourism industry, like several other industries in the state, has experienced a recent uptick in business.

Nevada’s tourism industry, like several other industries in the state, has experienced a recent uptick in business. For example, just last month, the Reno-Sparks Convention and Visitors Authority (RSCVA) beat out Tampa, Phoenix and San Juan, Puerto Rico, to book the rare 18,000-room American Legion national convention for 2020. Additionally, developers began work on Resorts … [Read more...]

The Lending Window is Open: Financing in Nevada

The state’s top bank lenders along with the director of the SBA in Nevada recently shared their thoughts on the lending business.

Owners of small and medium-sized companies in Nevada increasingly seek bank loans to finance their growth into new and expanding markets as the state’s remarkable economic rebound continues. The good news: As the recession slips farther into the past, many companies are beginning to show three, four or five years of the solid financial performance that bankers want to see … [Read more...]

Nevada Taxes Reaching Deeper

In total, Governor Brian Sandoval’s plan would raise more than $1 billion in new taxes.

Hall of Fame baseball player Yogi Berra once said it is deja vu all over again. He wasn’t wrong if he was describing Nevada politics and biennial efforts to create a tax code that can better withstand economic recessions. Nevada lawmakers have recently been debating another proposed tax increase geared towards adding funds to the state’s woeful educational system. In total, … [Read more...]

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...]

A New Hope: Power Poll 2015

This year marks the thirteenth annual Power Poll conducted by Nevada Business Magazine.

With the recession having reaffirmed Nevada’s “Battle Born” motto, this recovery has added a new twist on another name for this state, the Silver State. Company owners and executives are seeing the silver lining in a tough economy as businesses grow and are leaner and more efficient than ever. And, while hopeful of the sustainability of this growth, executives remain cautious, … [Read more...]

Top Brokers 2015

As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business.

As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business. The following pages highlight those brokers that performed at the top of their field in 2014. Brokers are listed alphabetically and separated by Northern and Southern Nevada. Broker’s were asked to submit a variety of information concerning their 2014 deals … [Read more...]

Game Changers: Economic Development in Nevada

Nothing paints a clearer picture of the results of economic development than the Silver State.

Nothing paints a clearer picture of the results of economic development than the Silver State. Nevada has transitioned from a state with the highest unemployment rates in the country to a state welcoming Tesla to its economy, breaking ground on a 12,000-home master planned community, launching one of the first-of-its-kind interactive medical communities with Union Village and … [Read more...]

Economic Forecast: 2015 Preview

This year’s predictions offer more good news, a trend that was reported in Nevada Business Magazine’s annual Economic Forecast last year.

Economists and industry analysts can, and will, argue over whether an economic recovery is as strong as numbers seem to indicate. However, they do agree the numbers show Nevada’s economy is on track to strengthen and add more jobs in 2015 because many of the impediments to faster growth have subsided. The unemployment rate has dropped to its lowest level in more than five … [Read more...]

Medical Marvels: Nevada’s Top Physicians

The Medical Marvels list took a look at Nevada’s doctors and asked Nevadans to vote for the best, with doctors, in particular, asked to rank their own.

Nevada’s healthcare industry is in a time of transition. With a variety of changes to insurance and healthcare delivery already having been made, and more in the pipeline, the industry is undergoing a massive amount of alterations. Few are more affected by these changes than doctors who are at the front-line in healthcare. Nevertheless, they are maintaining their flexibility in … [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...]

Employment Law: Attorneys Speak Out

To learn the complicated ins and outs of employment law, we went to six attorneys that are at the top of their field and experienced in employment law.

To learn the complicated ins and outs of employment law, it’s best to go straight to the source. The following pages highlight six attorneys that are at the top of their field and are experienced in employment law. These attorneys were each asked to share advice with Nevada Business Magazine readers and responded to a series of questions. Business owners and HR professionals … [Read more...]

Executive Education: New Pathways to Success

When UNR Extended Studies program held a series of leadership sessions for Barrick Gold, the event embodied new trends in executive education in Nevada.

When the University of Nevada, Reno (UNR) Extended Studies program held a series of leadership sessions for Barrick Gold, the event embodied new trends in executive education in Nevada. The 15 courses held over two months were shorter than the training once offered by business schools and colleges. Instead of theoretical discussions of leadership, the program covered … [Read more...]

Getting Out: The Financial Planning Features of a Business Exit Strategy

If an IPO is used as an exit strategy, it is important for ownership to begin planning for it right from the start and include it in the business plan.

Starting a business takes a large amount of planning. But after the business plan is completed, retail or office space is rented and employees are hired, many entrepreneurs have neglected one crucial question: When the time comes, how will they exit their business? When owners are immersed in the details of building a business, it’s difficult to imagine selling it or giving … [Read more...]

A Future of Change: Economic Development

At the top of the economic development wish list is unmanned aerial vehicles, also known as drones, presenting one of the biggest opportunities for Nevada.

Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and vulnerable economy built on … [Read more...]

Closing the Generation Gap: Millennials vs. GenXers vs. Baby Boomers

In workplaces across Nevada, change is coming more quickly than at any time since the baby boomers generation changed the status quo regarding diversity.

In workplaces across Nevada, change is coming more quickly than at any time since baby boomers changed the status quo regarding diversity, hair length and governance in the 1960s. On shop floors and in cubicle farms from Ely to Searchlight, millennials – a term used to describe those under age 34 – are challenging the baby boomers – those now over age 50. The genXers – those … [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...]

Power Poll 2014: The Bounce Back

The 2014 Power Poll marks the twelfth year executives have weighed in on various issues that affect business for Nevada Business Magazine.

Optimism characterizes the mood of Nevada executives this year. Whether it’s waving goodbye to the recession or already having moved on to bigger and better things, business owners and executives have officially brushed off the oppressive economy and are now working on the bounce back. The 2014 Power Poll marks the twelfth year executives have weighed in on various issues … [Read 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 Financial Institutions … [Read 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 a piece of. The bill allowing online poker in Nevada was … [Read more...]