Fickle – that’s one word to describe the commercial real estate market as the COVID-19 pandemic winds down and the accompanying economic development downturn looks likely to take 18 to 24 months to resolve. For individuals or companies wanting to buy or build commercial real estate (CRE) properties, there’s money available – for the right person, with the right deal … [Read more...] about Commercial Real Estate Financing
Small Business Administration (SBA)
Through Challenging Times, Buying and Selling Business Continues at Record Pace in Nevada
With all of the tragedy, shut down and hardship associated with COVID, there have been a few bright spots in the Nevada business community that give us great hope for 2021. As the new year is underway, it is interesting to note that entrepreneurship is notably on the rise. Nevada has experienced an increase in the sale of existing businesses to the next generation of … [Read more...] about Through Challenging Times, Buying and Selling Business Continues at Record Pace in Nevada
Economic Development in the Time of COVID-19Diversify, Grow, Survive or Thrive
“Before March 2020, Nevada led the country in producing new jobs,” said Jonas Peterson, president and CEO, Las Vegas Global Economic Alliance (LVGEA). “Our economic development plan was working, and our economy was consistently becoming more diverse.” Across the state, manufacturing, logistics, distribution, technology and healthcare sectors were growing. In February, Nevada’s … [Read more...] about Economic Development in the Time of COVID-19
New BeginningsReinventing Nevada’s Workforce After Shutdown
On March 20, Governor Sisolak ordered all nonessential businesses to close as Nevada followed shutdown orders, attempting to slow the spread of COVID-19. Overnight, the travel and tourism engine shutdown. For the first time ever, casinos closed their doors. During the first week of shutdown, nearly 3.3 million Americans filed for unemployment benefits. The … [Read more...] about New Beginnings
Lending BoomCRE Financing in Nevada
Developers of commercial projects in Nevada these days are likely to field calls from a growing number of lenders eager to make loans to build or buy office buildings, retail centers and industrial projects in the booming state. But memories remain strong of the collapse of the commercial lending market in Nevada during the Great Recession that began in 2008. … [Read more...] about Lending Boom
The Lending Window is Open: Financing in Nevada
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...] about The Lending Window is Open: Financing in Nevada
Closing the Generation Gap: Millennials vs. GenXers vs. Baby Boomers
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...] about Closing the Generation Gap: Millennials vs. GenXers vs. Baby Boomers
Rulings from the SBA’s Office of Hearings and Appeals Reveal Insight on the Ostensible Subcontractor Rule
Small business prime contractors doing work for the federal government, whether through competitive set-asides or contracts to be awarded through full and open competition, have a number of lines that must be carefully walked. In particular, small business concerns (SBCs) must be wary of the relationships that may give rise to a finding by the Small Business Administration … [Read more...] about Rulings from the SBA’s Office of Hearings and Appeals Reveal Insight on the Ostensible Subcontractor Rule
November 2011: Around the State
Nevada Receives Federal Grant to Support Small Business Exports The State of Nevada has received a $239,318 Small Business Administration (SBA) grant through the State Trade and Export Promotion (STEP) Pilot Grant Initiative. The grant is expected to stimulate and strengthen Nevada’s global trade and will be administered by Nevada’s Office of Economic Development with the … [Read more...] about November 2011: Around the State