“The powers of the Government of the State of Nevada shall be divided into three separate departments,—the Legislative,—the Executive and the Judicial; and no persons charged with the exercise of powers properly belonging to one of these departments shall exercise any functions, appertaining to either of the others, except in the cases expressly directed or permitted in this … [Read more...] about Why is the Tail Wagging the Dog? Public Employees as Lawmakers
Archives for April 2010
Nearing the end of a long, tough road is never easy. The banking industry in Nevada is crossing its proverbial fingers that the road Nevada’s economy has been on will soon get easier. The hope that the tough parts of the journey are almost over is what’s keeping bankers driving forward. Politicians beg bankers to lend more and to do it right this moment while regulators … [Read more...] about The Road Ahead: Banking in Nevada
When Nevada business owner Scott Dunseath attends community events to support his apparel shop, Reno eNVy, he photographs, on his iPhone, people wearing his brand, then simultaneously sends it, via one text message, to the company Web site, Facebook (2,241 fans) and Twitter (1,010 followers). He recently spread the word about a store sale via social media, and revenue that day … [Read more...] about Social Media & Marketing
Nevada’s utilities are facing increased pressure in both the financial and competitive realms due to the economy and the emergence of alternative energy in the state. While the lower price of natural gas has certainly helped, Nevada’s utilities are finding that customer’s expectations are far different than the realities they are facing. Recently, executives representing … [Read more...] about Industry Focus: Utilities
Construction Costs Expected to Remain Stagnant in 2010 According to construction consultant Rider Levett Bucknall, a national average decrease in construction costs of approximately 0.5% from the previous quarter indicates construction costs should see little to no inflation this year. In 2009 construction costs were down by 7.3 percent comparatively. Las Vegas matches the … [Read more...] about April 2010: Around the State
President/Owner/Founder Reno/Las Vegas, Nevada Number of Employees: 10 Years in Nevada: 18 Years with Company: 22 What inspired you to get into your industry? My partner Joe Wade was a prominent real estate attorney in Newport Beach and I guess I caught the bug being around him and all the intriguing deals—I’ve always been a deal junkie! I also wanted to do … [Read more...] about Patty Wade: Wade Development Company, Inc. and Wade Consulting Group, LLC
If anything became clear in the recently concluded 26th Special Session of the Nevada Legislature, it is that during the 2011 regular session debate will center around one highly contentious issue: taxes. During the 2009 regular session, lawmakers were able to lean on federal stimulus funds and a variety of new taxes — on the order of $1 billion — in order to once more evade … [Read more...] about Band-aids Don’t Fix Broken Bones: Special session’s budget issues will resonate in 2011
Contractors should beware of strings attached to stimulus funds from the American Reinvestment and Recovery Act (ARRA). Construction projects funded in whole or in part by stimulus dollars must comply with requirements established by ARRA. Buy American ARRA limits the use of stimulus funds to projects for the construction, alteration, maintenance or repair of public … [Read more...] about Stimulus Dollars: A Contractor’s Friend or Foe?
Today’s hard economic times are challenging the fundraising efforts of many non-profit 501c3 organizations. While it is a time that requires greater efforts, it is not impossible to reach an organization’s development goals in enhancing the mission of the organization. The 3 C’s are a valuable tool in formulating development strategy in the current market. They are: … [Read more...] about The 3 C’s of Fundraising in a Challenging Economy
According to the Nevada State Bar’s Access to Justice Commission, the need for legal services by disadvantaged Nevadans is continuing to rise dramatically due to the challenging economy. As Nevada Supreme Court Justice Hardesty, co-chair of the Access to Justice Commission recently noted, “Statewide, there is one legal aid attorney for about every 5,000 people in poverty. Only … [Read more...] about New Ruling for Attorneys Aims to Fill Gap in Legal Aid Funding in Nevada
Henderson, Nevada, a place to call home. It's not just a slogan, but a feeling we try to convey to every person living here. Especially in this time of economic challenges, our residents continue to value Henderson's sense of community. Everything we do is designed to better the quality of life for those who call Henderson home, whether it's businesses, seniors, singles or … [Read more...] about Henderson, Nevada
Like a bad dream that never seems to end, the economic outlook for builders and developers continue to remain in a slump that challenges even the best of the state’s entrepreneurs. “The construction industry in Nevada is experiencing depression-like conditions with construction unemployment at 28 percent and rising,” said Kevin Burke, president and CEO of Burke & … [Read more...] about Builders & Developers: Retreat or Advance?
Las Vegas During the fourth quarter of 2009, the Las Vegas commercial retail market remained stressed. Vacancies remained elevated while declines in average asking rents continued to accelerate. Vacancies during the fourth quarter of 2009 were 10.0 percent of inventory and compared to the prior year (Q4 2008) vacancies remain up 2.5 points from 7.5 percent. For comparison … [Read more...] about Retail Summary: Fourth Quarter 2009
After four straight quarters of decline following the financial crash of October 2008, US gross domestic product (GDP) growth finally moved into positive territory in the 3rd quarter of 2009. GDP grew at an annual rate of 2.2 percent that quarter with much of the growth attributable to government spending linked to the federal fiscal stimulus package. The US economy expanded … [Read more...] about April 2010: Business Indicators
“My favorite gadget is one I don’t yet have. The iPad is going to be a revolutionary learning device for school age children. It’s on my wish list of items to have, not just for me, but in time will be great for our soon to be born baby girl!” Mark Cenicola • President & CEO, Cenicola-Helvin Enterprises, Inc. “The car remote. There is a hack that allows you to … [Read more...] about What is your favorite gadget?