Stakeholder: a person or group that has an investment, share, or interest in something, as a business or industry. (Dictionary.com) The Nevada Legislature will not convene again until February 2011, but the Legislature’s Interim Finance Committee is already preparing the arguments it will use to raise taxes as soon as the next session begins. They have created what’s called … [Read more...] about We are All Stakeholders, Aren’t We? Tax Decisions Affect Us All – The Farce
Archives for January 2010
With 400,000 of their patented Oxygenics showerheads shipped annually to customers around the world, owners of ETL (originally named Energy Technology Laboratories) say their business is thriving despite the economic recession. For 20 years the small technology company has identified niche markets and produced products to enhance personal lifestyles. However, when faced with … [Read more...] about Economic Development: The Silver State Gets Strategic
Individuals at all levels of higher education, career experience and even those in search of employment can benefit from executive education or a Master of Business Administration (MBA). This important next step in a business person’s growth can benefit them in both the long and short-term. Today’s economic climate has affected executive education as many see the opportunity … [Read more...] about Executive Education & MBA Programs: It’s Never too Late to Learn Something New
Recently, in-house attorneys from various industry segments throughout Nevada met at the law offices of Holland & Hart in Las Vegas to discuss the myriad of complicated issues their industry faces today. Connie Brennan, publisher of Nevada Business Magazine served as moderator for the event. These monthly meetings are designed to bring leaders together to discuss issues … [Read more...] about Industry Focus: In-House Attorneys
Nevadans are accustomed to balanced budgets. Indeed, they are required by the Nevada Constitution. And while the Governor and Legislature balanced the 2009-2011 budget, they did so with over $1.5 billion in one-time revenues and taxes that will sunset. The next Legislature could face having to require new or increased tax revenues to maintain the status quo in spending … [Read more...] about Trouble Brewing: Nevada’s 2011-2013 Budget Doesn’t Add Up
Many small and mid-sized business owners believe that their accountant, or accounting software, tells them everything they need to know about their financials. Not true. Accounting tells how much profit was made. However, what a business owner really needs to know is how much profit they should have made. How is that accomplished? The answer is to consistently measure business … [Read more...] about Is Your Company Leaking Cash?
The current form of Chapter 11 bankruptcy has been law in the United States since 1978. From a large business like a manufacturing company to a small business like a restaurant, Chapter 11 bankruptcy can provide effective tools for all stakeholders to fare better than they would have in state court or foreclosure. Sometimes the benefits outweigh the unavoidable cost, delay … [Read more...] about Business Bankruptcy: A Last Resort
Is it possible to be anti-business but pro-jobs? Imagine a small island with a community of people living on it. This community and their economic system are based on the production of oranges. The community has a democratically elected two party system of government that is full of leaders elected on the platform of protecting oranges and increasing their production. One … [Read more...] about Oranges Without the Trees!
Las Vegas Named Number One U.S. Travel Destination by Orbitz Due to the decrease in hotel room rates, Las Vegas ranks as the top U.S. travel destination according to numbers from Orbitz, an online travel service. Rates are down by an average of 26 percent in 2009. In 2008, rooms cost, on average $115 per night, in 2009, the average was $84 per night. University of Southern … [Read more...] about January 2010: Around the State
Nevada Regional President Las Vegas, NV Number of Employees: 14 Years in Nevada: 40+ Years with Company: 5 If you had an additional eight hours each day, what would you do with the extra time? I’d spend it with my family. I know we’re talking about professional achievement, yet if I looked at my whole life, I’d have to say that what I am most proud of, it would be my … [Read more...] about Robert A. Martin: BNY Mellon Wealth Management
There’s a saying in commercial real estate, “Retail follows rooftops,” meaning residential homes get developed and sold before retail services follow to support the new neighborhoods. It works the same whether the economic forecast is sunny or cloudy. When the new housing bubble broke and the feeding frenzy didn’t just abate but disappeared completely, residential … [Read more...] about Bank-Owned Properties: Opportunity In Adversity
Las Vegas During the third quarter of 2009, the Las Vegas commercial retail market expanded as several pre-leased, user-specific buildings completed construction during the quarter. Overall, the market expanded by 516,300 square feet during the third quarter, bringing total retail inventory in anchored centers to 51.8 million square feet. Expansions during the quarter … [Read more...] about Retail Summary: Third Quarter 2009
The US economy began to pick up in the third quarter. Gross domestic product, the measure of all goods and services produced in the US, grew at a rate of 2.8 percent. This came after four straight quarters of contraction in the US economy. Although the National Bureau of Economic Research has yet to declare an end to the recession, most economists agree that the recession is … [Read more...] about January 2010: Business Indicators
“I recognize Nevada is already business friendly. Government is responsive and accessible. Continued infrastructure investment in technology, financing, workforce training, and transportation will lay the foundation for future business expansion. There exist many clever regional business support groups to help lead. Their efforts can be better synergized.” Russ Romine • … [Read more...] about What would make Nevada more business friendly?
“Building a strong economy is a collaborative effort of the public and private sectors, including all businesses and educational institutions.” Larry Mosley, Director for the Nevada Department of Employment, Training and Rehabilitation “Nevada needs to refocus its view of education and secure top-down endorsement when it comes to advocating the importance of education,” … [Read more...] about Education: The Key to Nevada’s Future