The recent passage of our state’s largest tax package, which came on the heels of a ballot in which Nevadans overwhelmingly rejected a similar business tax, makes it abundantly clear that our state politicians have no regard for the wishes of the people. And if they don’t represent us, then whom do they represent? However, the bigger question is what are we going to do about … [Read more...] about Time to Kick the Kids Out of the House and Do a Bit of Damage Control
Archives for March 2016
30 Years Covering Nevada: Happy Birthday Nevada Business Magazine
In celebration of the magazine’s 30th anniversary, the editorial staff took the opportunity to explore how Nevada has changed over the last three decades and what that’s meant for business. In addition, six resident companies have been highlighted in the following pages. Each has also met the three-decade milestone. Each of their stories show a resilience that speaks to why … [Read more...] about 30 Years Covering Nevada: Happy Birthday Nevada Business Magazine
Keep on the Sunny Side: Power Poll 2016
Optimism is in the air as 2016 ramps up and that positivity is making its way through Nevada’s business community as executives and business owners continue to see improvements. The year started with some big announcements for economic diversification in the state, including projects moving into Southern Nevada’s Apex and continued optimism in the north with new businesses … [Read more...] about Keep on the Sunny Side: Power Poll 2016
Industry Focus: Economic Development
Economic development continues to be an important priority for the Silver State. Many factors go into diversification including incentives for businesses, education and workforce training. And, while strides have been made in attracting new industries to the state, there is still a long way to go. Recently, leaders of economic development met at the Las Vegas office of City … [Read more...] about Industry Focus: Economic Development
Commercial Real Estate in Nevada: Then and Now
Thirty years ago, the Las Vegas Strip was a different Strip than today. Technology companies had yet to discover Nevada. Cell phones were rare. Businesses relied on PBX rooms for their telecommunications and if one part of the system failed, the others continued because everything didn’t depend on an IP framework to run all systems together. Thirty years ago, industrial … [Read more...] about Commercial Real Estate in Nevada: Then and Now
Red Report: March 2016
BC Sale, Motel ADDRESS 704 Nevada Hwy., 89005 BUYER Bal Gosal SELLER US Bankruptcy Trustee DETAILS 113 rooms; $13,363 per room APN 186-09-110-042 SELLER’S REP Charles Connors of Colliers International E Sale, Office ADDRESS 600 E. Charleston Blvd., 89104 BUYER Hellfire Media, LLC SELLER State Bar of Nevada DETAILS 10,711 SF; $1.4 million APN … [Read more...] about Red Report: March 2016
Around the State: March 2016
Business Confidence Rebounds According to the UNLV Center for Business and Economic Research (CBER), the Southern Nevada business confidence index, which is tracked by the center, increased by 6.6 percent on a quarterly basis. This is a rebound from the previous three straight quarters of decline. VEA Earns Cornerstone Award from Pahrump Valley Chamber The Pahrump Valley … [Read more...] about Around the State: March 2016
Welcome to Nevada: March 2016
Better World Books Founded in 2002, Better World Books has opened a 140,000 square foot distribution center in Reno. The company plans to hire 100 employees by the beginning of April. An online book store that carries over 8 million new and used book titles, the company supports literacy, libraries and education as well as environmental initiatives. Maverick Aviation … [Read more...] about Welcome to Nevada: March 2016
Movers & Shakers: Helen Lidholm
CEO Saint Mary’s Health Network (108 years in NV) “Keep your eyes open for opportunities. Don’t be afraid to try something new.” Type of Business: Healthcare Network | Hails from: Skanor, Sweden | 9 year with company in Nevada | Based in: Reno How did you first get into your profession? I became a registered nurse in Sweden and worked in many different healthcare … [Read more...] about Movers & Shakers: Helen Lidholm
History Repeats Itself
One of the problems with “progressive” ideas is that they often turn out to be the recycled remains of already tried-and-failed concepts. Nevada’s Commerce Tax — set to take effect this summer — is a prime example. Billed as an innovative tax on large businesses, the Commerce Tax will soon slap a new cost of doing business on any company with more than $4 million in … [Read more...] about History Repeats Itself
Office Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley spec office vacancy rate in Q4, 2015 declined 0.1 points to 18.4 percent from Q3, 2015. Compared to Q4, 2014, the office vacancy rate is down 0.5 points, from 18.9 percent. Q4’s vacancy rate drop means that the Valley’s office market has improved for four straight quarters. Vacancy rates ranged from 13.3 percent for Class C space to 27.1 … [Read more...] about Office Summary: Fourth Quarter 2015
Business Indicators: March 2016
The advance estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2015 reports a weak 0.7 percent annualized growth rate. Overall, the U.S. economy increased its size 1.8 percent year-over-year in 2015, down from 2.5 percent year-over-year in 2014. U.S. nonfarm employment continued to grow by adding a less-than-expected 151,000 jobs in January 2016. Even … [Read more...] about Business Indicators: March 2016
What has been your most memorable milestone in business?
“The most memorable milestone in my career was contributing to the rebranding of Desert Passage to Miracle Mile Shops in 2007 and offering customers a fresh look with new stores, restaurants and entertainment experiences.” Wendy Albert | Senior Director of Marketing, Miracle Mile Shops “We were awarded the contract at the Springs Preserve in March of 2014. The last two years … [Read more...] about What has been your most memorable milestone in business?