Folks who have lived in Nevada at least five years will remember times when the state’s biggest challenge was keeping up with growth: we couldn’t build houses or commercial buildings fast enough to keep up with demand, prices for residential and commercial real estate were spiraling out of control and infrastructure like roads and utilities lagged far behind the growth curve. … [Read more...] about Nevada Offers Great Value: Golden Opportunities in the Silver State
Archives for January 2011
Years ago, most homes were equipped with one dial-tone phone and a television that actually required someone getting up off the couch to change a channel or turn up the volume. Meanwhile, office phone systems required an operator, of the human sort, to take and direct individual calls for all company employees. Today, thanks to frenetic technological advances in the … [Read more...] about Powerful Communication: Nevada’s Leading Telecom Companies: You Can Hear Them Now
As they welcome the arrival of 2011, economic developers in Nevada look to the New Year with both eagerness and apprehension. Will this be the year of the perfect storm that can propel the state toward sustainable economic diversification? Or will 2011 be another year overshadowed by continued economic hard times and frustrations? Absent a crystal ball to forecast the … [Read more...] about Growing Up: Nevada’s Economic Development
Always a hot topic, healthcare is expected to continue being a controversial issue. Between healthcare reform legislation and the poor economy, many in the healthcare industry find themselves caught in the middle, wondering what the future holds. Recently, executives representing this changing industry met at Holland & Hart’s Las Vegas office to discuss the trends and … [Read more...] about Industry Focus: Healthcare
"This tax isn’t going to put anyone out of work!” lawmakers and pundits cried in 2009 as they debated whether to double the state’s modified business tax. “It’s only 1.17 percent!” Yet, even “small” taxes impact business. Sure, not all of the 24,790 individuals who are newly unemployed since the Nevada Legislature’s 2009 tax hikes took effect can directly attribute their … [Read more...] about TAX – It’s About the Margin: Even low tax rates can kill businesses and cause unemployment.
President Reno Number of Employees: 70 Years in Nevada: 35 Years with Company: 20 What inspired you to get into your industry? In college I developed a strong interest in international trade. I worked for a trucking company loading trucks at night handling international cargo. As I advanced though the company and then graduated, I had the opportunity to go to work … [Read more...] about Russ Romine: Griffin Global Logistics
FDIC Lifts First Asian Bank’s Regulatory Order The Federal Deposit Insurance Corporation (FDIC) has terminated the consent order issued against First Asian Bank in April of last year. This termination acknowledges that the bank has met specific regulatory compliance requirements and has made improvements to its operations. The bank retained the services of financial advisors … [Read more...] about January 2011: Around the State
The Silver State’s utilities, like almost every other industry, have seen some rocky times. New competition, shrinking customer bases and fewer move-ins have all resulted in Nevada’s utilities having to make some tough choices. “Utilities” is a catchall phrase for services everyone needs every day: water, power, natural gas. The Public Utilities Commission of Nevada (PUC) … [Read more...] about Utilities: The Backbone of the Silver State
U.S. manufacturing and technology is what made our nation a great global power. Unfortunately, our global rank in manufacturing has been eroded by foreign competition, especially in the last 20 years. U.S. companies (large and especially small) who implement lean manufacturing practices in the U.S are now showing that we have the ability to turn the tide and become more … [Read more...] about Lean Manufacturing: What is it and why do it?
2010 proved to be yet another year filled with reports of failed business, continued cutbacks and droves of people wondering…”have we hit bottom yet?” As the economic tsunami continues to roll through our economy, it carries with it an entire generation’s worth of historical reference with regard to marketing and business development as we know it. Not one single industry is … [Read more...] about Achieve Success: Marketing Tactics for 2011
Las Vegas Vacancies declined for the second consecutive quarter, and average asking rents among anchored-retail centers showed signs of continued weakness. At the close of the third quarter of 2010, the vacancy rate fell a modest five basis points to 10.7 percent compared to the previous quarter. Compared to the same period of the prior year (Q3 2009), the vacancy rate … [Read more...] about Retail Summary: Third Quarter 2010
The U.S. economy continues its slow recovery from recession. For third quarter 2010, estimated real GDP growth was revised upward to a 2.5 percent annualized rate, which is stronger than the 1.7 percent figure for second quarter 2010. U.S. nonfarm employment rose by a tepid 39,000 jobs (seasonally adjusted) in November, marking the second consecutive month of increases. In … [Read more...] about January 2011: Business Indicators
“The Nevada Development Authority wants to make sure economic diversification and support remains a top priority for the state. Relocating and expanding businesses to Nevada is crucial in tackling the unemployment rate and allowing our state to have a viable future.” Somer Hollingsworth • President and CEO, Nevada Development Authority “Focus again on how to raise more … [Read more...] about “What is your biggest concern in the upcoming legislative session?”