No one seems to take a stand on political and social issues anymore. They don’t want to make waves or offend anybody. Maybe they’re afraid of being bullied, or in the case of politicians, they’re afraid that speaking out on an issue may alienate some voters. If they do take a stand, as soon as they get any negative feedback, they’re quick to reverse themselves or try to explain … [Read more...]
Archives for May 2015
Education: The Key to Success
A high school graduate, entering the workforce in Southern Nevada directly after graduation, earns on average $6,000 more annually than a non-graduate. At a very basic level, that’s the effect of education on the economy. Education affects more than workforce, more than the economic development that comes as a result of the talents and training of employees and more than the … [Read more...]
The Lending Window is Open: Financing in Nevada
Owners of small and medium-sized companies in Nevada increasingly seek bank loans to finance their growth into new and expanding markets as the state’s remarkable economic rebound continues. The good news: As the recession slips farther into the past, many companies are beginning to show three, four or five years of the solid financial performance that bankers want to see … [Read more...]
Industry Focus: Senior/Assisted Living
Despite staffing challenges and affordability concerns, Nevada’s senior and assisted living communities pour their heart and soul into providing the best care for this growing population. Recently, a group of senior and assisted living executives met at the Las Vegas offices of City National Bank to discuss the trends and challenges facing their industry. Connie Brennan, … [Read more...]
Family Owned Businesses 2015
Congratulations to the 2015 Family Owned Business Finalists As the fifth annual ceremony, this year marks an important milestone for the Family Owned Business Awards. With over 240 companies having been honored over those five years, this event provides much needed recognition to hardworking business owners throughout the state. However, without the support of the sponsors, … [Read more...]
Death and Taxes: With Some Revision, Sandoval’s Tax Hikes Not Necessary
In this world nothing can be said to be certain, except death and taxes.” — Benjamin Franklin Had Benjamin Franklin been living in 21st century Nevada, his famous quote might have read something like this: In Nevada, nothing seems certain, except death and tax increases. It appears that — regardless of who is elected, which party holds the majority, or how hard those in … [Read more...]
Buying and Selling a Business
A complicated topic with a myriad of details to consider, buying and selling a business will affect nearly all business owners at some point. With so many issues to be aware of, it’s important that executives have the information necessary in order to successfully navigate the process. A panel of experts recently gathered for a breakfast seminar and responded to a host of … [Read more...]
Gaming Trends: Incorporating Cost Effective Changes
Las Vegas is the world’s gaming trendsetter. Renovate, revamp and start again has always been the city’s mantra. Today’s competitive market, however, gives a greater urgency to what’s trending. Today’s competition is fierce and global with numerous experts saying the U.S. gaming market is saturated with little room for growth. While statistics confirm greater competition, … [Read more...]
Around the State: May 2015
LandWell Company Donates 14-acres to Lake Mead Christian Academy The LandWell Company, developer of the 2,200 acre master planned community Cadence, has donated 14-acres of the community to the Lake Mead Christian Academy to accommodate the school’s expansion. The school, which was founded in 1989, begins construction immediately and is expected to open for the 2016 school … [Read more...]
Slow & Steady: Nevada’s Luxury Home Market Regains Traction
A newly built, 6,400-square foot, 5-bedroom, 5-bathroom custom home in Incline Village with Lake Tahoe views sold about seven months ago for $5.1 million. The two-story boasted hickory floors, granite countertops and fireplace, knotty alder cabinets and doors, vaulted ceilings, a heated driveway, elevator, first-floor master, game room, wine closet and deck and more. The … [Read more...]
Leticia Murphy: Murphy Counseling and Associates
Licensed Marriage and Family Therapist Las Vegas What business advice would you give someone just starting in your industry? Treat your company as a business. You can help others and still get paid. Establish a business budget and a business savings account. What is a little known fact about yourself? At times I can be silly and adventurous. A good example was when my … [Read more...]
Scott Owen: Reno Green Landscaping
President http://www.renogreen.com/ Reno How did you first get into your profession? My brother, Travis Owen, had a degree in horticulture and I was interested in owning a business with a lot of growth potential. We purchased Reno Green Landscaping in 2004. When you were a kid, what did you want to be? When I was a kid, I wanted to be an airline pilot. I received my … [Read more...]
Katie Coombs: Financial Advisor, LLC
Owner Carson City How did you first get into your profession? I began working at a credit union in college supporting a financial services representative. I was drawn to the process of helping people with all aspects of their financial picture. If you could be any fictional character, who would you be and why? Rocky Balboa. I would want to inspire people the way he … [Read more...]
Red Report: May 2015
E Project, Industrial ADDRESS 4025 E. Cheyenne Ave., 89115 CONTRACTOR OF RECORD United Construction Company DETAILS Construction is underway on Dermody Properties’ LogistiCenter Cheyenne. The 381,804 SF distribution facility will feature a 32-foot clear height, 80 trailer stalls and 248 parking stalls. The project is expected to be complete in October of this … [Read more...]
Industrial Summary: First Quarter 2015
Southern Nevada The overall vacancy rate for the Las Vegas Valley industrial market in Q1, 2015 was 6.9 percent, a drop of 0.3 points, from 7.2 percent in Q4, 2014. The first quarter’s decline equates to nine straight quarters of declining industrial vacancies. The strong growth in the demand for industrial space, paired with resurgent construction, shows that the Valley’s … [Read more...]
Business Indicators: May 2015
The “third” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.2 percent. Compared to the “second” estimate, personal consumption expenditures increased more, but were offset by smaller changes in private inventories. Nonresidential fixed investment, residential investment, and state and local government spending also … [Read more...]
How Will Senator Harry Reid’s Retirement Affect Nevada?
“The state got a lot of recognition in Washington but what long-term projects did he bring to Nevada while in office? Nevada is better off without him, we can do much better.” Jeffrey Lowden | President, Sky West Real Estate Services “Senator Harry Reid’s retirement will have a profound effect on our state. It will take years to accumulate the power and prestige Senator … [Read more...]
