Nevadans will find out this month whether the Clark County School District (CCSD) qualifies for a $40 million grant from the federal government’s “Race to the Top” program. The money would provide high-tech tools and programs at 63 schools to help 41,000 students with limited English skills. It would fund 46 new jobs for teachers and support staff, as well as expanded teacher … [Read more...] about Playing Politics with Education: Teachers Union Throws Students under the Bus
Archives for December 2012
The 77th regular legislative session starts in Carson City on February 4, 2013. What major issues will be coming down the pipeline in 2013? How will issues discussed and laws passed in the upcoming session affect Nevada in the future? What part will a freshman Legislature play and what challenges will lawmakers face? The Budget One of the biggest issues facing every … [Read more...] about Getting It Done: The 2013 Legislative Session
As the end of 2012 nears, Nevada’s economy continues its gradual recovery, but the unemployment rate remains in the double digits and job creation is slow. What’s in store for the Silver State’s economy in 2013? Experts weighed in on their predictions for the coming year, which primarily are based on the performance of certain indicators this year. However, they said none of … [Read more...] about 2013 Economic Forecast: Watch for the Wild Card
With taxes a hot topic nationally and over concerns with what the new year will bring for businesses, accountants have their hands full keeping up with new requirements and changing laws. However, working to service clients in a dwindling economy and finding new ways to diversify is nothing new to the industry and CPA’s across the state are rising to the challenge. Recently, … [Read more...] about Industry Focus: Accountants
Level Playing Field isn’t the name of a new big-budget film -- but it is the dramatic ending that moviemakers are hoping for in order to bring their production companies to Nevada. And the economic payoff if the state provides that level playing field could well prove to be a blockbuster. While just about anyone can name off the top of his head a bunch of movies filmed … [Read more...] about Filmmaking in Nevada: Lights, Camera, Action!
During these tough economic times, Nevada employers are coming up with inventive ideas to improve their business processes and bottom lines. One of those ways is by taking advantage of federal and state incentives offered when tapping into the talented pool of jobseekers who have disabilities. Nationwide, corporations are realizing the cost savings and other benefits to … [Read more...] about Opportunity At Work: Nevada’s Department of Employment Training and Rehabilitation Offers Incentives and Assistance to Employers Who Hire People with Disabilities
Henderson Receives Award for Energy Efficiency The City of Henderson has been awarded the Energy Project of the Year in Region V for its city-wide, multi-phase energy savings performance contract (ESPC) with Ameresco. The award was conferred from the Association of Energy Engineers (AEE). The $23 million ESPC was implemented in 2006 and is a combination of energy conservation … [Read more...] about December 2012: Around the State
While a patent holder may derive substantial revenue though licensing its patent portfolio, engaging in licensing negotiations presents a number of potential traps for the unwary. In the April issue of Nevada Business Magazine, we discussed the risk that, by entering into licensing negotiations without exercising due care, a patent holder can subject itself to being sued in an … [Read more...] about Deriving Value from Patents: Strategies for Handling the Legal Challenges
Despite slightly improving economic conditions, Nevada’s commercial real estate market continues to face downward pressure as a result of poorly underwritten and grossly overleveraged legacy deals from 2005 to 2007, which are now coming to maturity. This same scenario is playing out in virtually every region across the country. According to data service provider Trepp LLC, U.S. … [Read more...] about Delayed Debt Restructuring Exerts Downward Pressure on Nevada Commercial Real Estate: Tenant-in-Common Properties Generate Drag
Nevada’s unemployment rate has lingered at unacceptably high, double-digit rates for nearly four years. That uncomfortable statistic — reflecting deep human costs inflicted on many Nevada families — has led the state’s political class to make much ado about promoting “economic development.” During the 2011 legislative session, for example, lawmakers created a new “state … [Read more...] about Let’s Quit Killing Jobs in the Silver State: Legislators Should Remove Obstacles to Job Creation
Nevada Boise Complex Director Summerlin Number of Employees: 100 Years in Nevada: 1 Years with Company: 12 How did you first get into your profession? I had a large network of friends who encouraged me to get into the financial services industry. I had no prior experience but my background in sales and management propelled forward my first job as a financial adviser … [Read more...] about Brooke R. Thompson: Merrill Lynch Wealth Management
Las Vegas The office sector witnessed a quarter-over-quarter decline in vacancy rates for the first time in two years. During the third quarter of 2012, the vacancy rate fell to 25.2 percent, down 0.4 percentage points compared to the prior quarter (Q2 2012). However, the rate remains 0.3-percentage points higher than a year ago (Q3 2011). The sector reported approximately … [Read more...] about Office Summary: Third Quarter 2012
The U.S. economy is showing signs of moderate improvement. Estimates of U.S. real GDP for third quarter 2012 show an annualized growth rate of 2.0 percent. Although higher than the tepid 1.3 percent growth rate for second quarter, the third quarter rate is well below the average growth rate of 3.4 percent the U.S. economy experienced from 1947 to 2007. Growth in U.S. real GDP … [Read more...] about December 2012: Business Indicators
“For 14 years, we’ve been providing Christmas to Las Vegas children with “Giving Day.” We provide food, clothing and toys to under-privileged children. The Giving Day tradition has contributed to lives of thousands of families who would have gone without.” Mary Musso • Corporate Broker and Vice President of Sales and Marketing, Distinctive Homes “On Thanksgiving, when … [Read more...] about What is your favorite holiday tradition?