Nevada Briefs - June 2008

Nevada Briefs

City of Sparks and Kiley Ranch Engage in Water Management Partnership

In a cooperative agreement, the City of Sparks and Kiley Ranch Communities have joined forces to enhance water conservation in the community by signing the largest agreement by a single project for recycled water use to date. The agreement authorizes Kiley Ranch to reserve 553.32 acre-feet or 154 million gallons of recycled water per year for landscape and construction irrigation purposes. When combined, phases one and two of the agreement will contribute more than $228,000 per year to the City of Sparks. Through proactive water conservation, recycled water used for irrigation and landscaping of non-public areas reduces the need to draw from the groundwater aquifer or the Truckee River thus eliminating the load on domestic water use.

Advanced Information Systems Launches Product Division

Advanced Information Systems (AIS) announced the Las Vegas-based information technology firm has launched Innovative Products, a new division within AIS that offers technological commodities. The division will provide products such as Video Receptionist, an interactive, self-service office receptionist system; and eRounds, a medical program that allows workers to input patient information directly into an electronic device that automatically organizes it in the main system. The Video Receptionist is a cost-effective alternative to staffing a full-time receptionist. It provides two-way video and audio communication between visitors and office employees. eRounds is intended to streamline operation and reduce human medical chart errors.

Nevada Small Business Owners Against Tax Ideas

Nevada small business owners recently took part in the National Federation of Independent Business poll regarding Nevada’s tax base. When asked if Nevada should expand its tax base by adding a corporate income tax or broad-based tax, 97 percent of respondents said “No,” while less than a percent said “Yes,” and the remaining 2 percent were undecided. The idea of enacting an individual income tax met with just as chilly a reception with 97 percent opposed. No less certain was the response to the question asking if employers should be required to provide health insurance for their employees or be made to pay into a fund that would provide it.

Imperial Capital Bank Opens Las Vegas Branch

Imperial Capital Bank (ICB), a 34-year old FDIC insured financial institution, recently opened its first retail branch in Las Vegas located at 7207 West Sahara Avenue, Suite 130. The bank offers a complete suite of banking products for business customers and consumers which include checking, interest checking, money market accounts, savings accounts and certificates of deposit. ICB’s lending activities are conducted through its Real Estate Lending Division, which originates commercial and multifamily real estate and construction loans ranging from $250,000 to $15 million.