Silver State Bank has made a name for itself by helping the small business community and has flourished in Southern Nevada’s booming economy, with more growth still on the horizon. Led by two banking professionals, Chief Executive Officer Tod Little and President Corey Johnson, the bank opened in 1996 with $5 million in assets. Now, the bank boasts assets of around $730 … [Read more...]
Archives for October 2005
October 2005: Building Nevada Briefs
Companies Moving into Winnemucca Airport Park The first business to locate in the 400-acre Winnemucca Airport Park will be Carwil, LLC, a metal fabrication shop that designs, builds and repairs custom parts for the mining industry. Ground was broken in July for Carwil’s two buildings, totaling almost 16,000 square feet of shop and office space. General contractor for the … [Read more...]
CENTEX Homes: Helping Nevada Feel at Home
One of the nation’s largest homebuilders is poised to broaden its presence and commitment to Nevada. CENTEX Homes, which operates in more than 90 markets in 25 states, plans to increase the number of neighborhoods in production while continuing to give back to the community. In the Southern Nevada Division, CENTEX Homes gained a foothold when it purchased Real Homes in 1999. … [Read more...]
October 2005: Business Up Front
Time for Your Annual Checkup Key Questions for Small Business Owners Robert Half Management Resources has identified 10 key questions for small business owners to address when conducting an annual business checkup: 1. Is it time to update your financial systems? Outdated systems can hinder business performance. Identify a project manager to oversee the update and … [Read more...]
Operation Welcome Home: It’s Not Too Late to Thank Veterans
Thirty years ago, the last American troops withdrew from Vietnam. The men and women who served in that war have never been properly thanked for their sacrifices, but a group is now organizing a celebration to publicly honor, thank and recognize America’s Vietnam veterans. Called Operation Welcome Home, it is a four-day celebration centered around the Veterans Day holiday. The … [Read more...]
Mothers Against Drunk Driving: Striving for “No New Victims”
This year marks a bittersweet anniversary for the most well-known victim’s advocacy group, Mothers Against Drunk Driving (MADD). It is bittersweet because 25 years ago the organization was formed with the mission to stop drunk driving, support the victims of the violent crime of DUI and prevent underage drinking. While the organization has achieved some real successes, it is a … [Read more...]
October 2005: Business Indicators
Many pundits who missed the 2000 stock market bubble are now getting press coverage by predicting a housing bubble. The housing market bubble pundits might have a point, however. Many impacts invariably follow an economic event or shock, such as the cascading corporate scandals that followed the overvalued stock market of the 1990s. Moreover, economic shocks usually do not … [Read more...]
Taking the Pulse of Healthcare: A Look at Employer-Sponsored Health Benefits
Rising Costs of Healthcare – What’s an Employer to Do? Rising healthcare and insurance costs have an impact on employers’ bottom line. Being able to offer coverage also has an impact – not having a healthcare benefits package is frequently cited as a source of dissatisfaction among employees. According to a report by the Kaiser Family Foundation and Health Research and … [Read more...]
October 2005: Face to Face
Name: Gary Siroky Title: President Company: CORE Construction Type of Business: General Contractor/Construction Managers Location: Las Vegas Years in Nevada: 15 Years with Company: 3 Biggest Business Challenge: We entered the Southern Nevada market to take advantage of the public sector work. We are now restructuring the company into a full-service … [Read more...]
Reaching for New Heights: High-Rise Construction Comes to Nevada
Rising land values, increased construction costs and a population boom have pushed median Las Vegas Valley home prices past $314,000, resulting in a flood of newly proposed condominium projects. Developers are offering a variety of super-luxury high-rise residences ranging anywhere from 700 square feet to 5,000 square feet in size, with prices from $350,000 up to $4.5 million … [Read more...]
Industry Focus: Non-Profits –
In its monthly Industry Outlook series, Nevada Business Journal invites leaders in all segments of Nevada business to discuss the challenges and opportunities in their fields. Non-profit groups, although they are different in many ways from other types of organizations, face issues that most companies would find familiar, including publicizing what they do and keeping a close … [Read more...]
Politics is All About the Numbers …And the Personalities
Can the Democrats win a statewide election in Nevada? The simple answer is – yes, of course. Anyone can win any election, given the right circumstances. But recent developments have made it much more difficult, at least conceptually, for Democrats to ensure a successful statewide campaign. That was never more apparent than the statewide election in 2002. Although there was … [Read more...]
Market Volatility Got You Down? Five Things to Focus on Instead
As an investor, you need to realize that the stock market will always have its ups and downs. You can’t do anything about these fluctuations – but you don’t have to let them wreak havoc on your investment decisions. Of course, during those occasions when your brokerage statement contains unwelcome results, you may be tempted to take action by selling off some "losers." But … [Read more...]
October 2005: Nevada Briefs
EDAWN Reports Record Companies and Jobs For the second consecutive year the Economic Development Authority of Western Nevada (EDAWN) has reported a record number of new and expanding companies, representing an economic impact of nearly $267 million to the region during the fiscal year ending June 30, 2005. The 40 companies that moved to or expanded in Northern Nevada is double … [Read more...]
Delegate, Don’t Abdicate: The Importance of Sharing Responsibilties
Far too many managers and supervisors are either afraid to delegate tasks and responsibilities to their people or feel they are the only ones who can do things the way they need to be done. Several years ago, Nevada Business Journal did a survey asking employees to identify what motivated them. While money was on the list, it was well down in the rankings. What people … [Read more...]
The Role of the Judiciary: An Essential Part of U.S. Government
Q: Recent court cases in the news have commentators talking about the role of the judiciary in society. As Chief Justice, what is your position on the role of courts in Nevada government? Commentators speak as though the role of the judiciary has changed. It has not. For over two centuries, the essence of our nation’s representative democracy is the division of power between … [Read more...]
October 2005: State the Issues
Question: Should Sempra Energy be allowed to build the Granite Fox coal-fired power plant in Northern Nevada? No, Sempra’s Coal Plant is Bad Business by Jon Wellinghoff Sempra is proposing to build a 1450-megawatt, pulverized-coal plant in northern Washoe County near Gerlach. Business leaders should instead support wind and geothermal development in Nevada as a better … [Read more...]
The Clock is Ticking: Is Your Business Ready for SB347?
The CEO was staring at screen images of his internal network, along with his customer database and all the customers’ personal information, including Social Security numbers, credit history and FICO scores. He had just completed a vulnerability assessment of his network and was briefing the results to the executive team, which weren’t pretty. Further investigation revealed a … [Read more...]
Growing Pains: Nevada Growth Rate Presents Challenges
The signs of growth in Nevada are everywhere. Dozens of new schools are built each year, traffic crawls along on overly congested roadways, and a new housing community seems to sprout up in the desert just about every week. Such is life in Nevada these days, where the population has literally doubled in a decade. "There are some folks who suggest stopping growth would be a … [Read more...]
