As the minimum wage debate resonates throughout Nevada, businesses are bracing for, what could be, a substantial increase in minimum wage. This year the state House and Senate separately passed two hastily drawn up laws to increase the minimum wage in Nevada, both of which were ultimately vetoed by the Governor. What they did end up passing was resolution SJR6. The resolution … [Read more...] about The War Wages On: Minimum Wage In Nevada
Archives for September 2017
Dublin, Ireland, Santiago, Chile, Poland and Germany are just some of the places you can buy Nevada-made items. Nevada products aren’t just for Nevadans anymore and Nevada companies aren’t just thinking local – they’re taking their products around the world. At the same time, foreign companies are looking to operate in Nevada, bringing new jobs to the state. “Nevada … [Read more...] about Taking Nevada to the World: Globalization and Nevada’s Place in the International Market
Each year, “Nevada’s Place Among the States” compares Nevada to other states, competing markets and the U.S. in general, on several key measures of economic and social health. In this 11th edition of comparing Nevada to other states, statistics show that Nevada has almost fully recovered from the recession. At one point, the Silver State led the nation in foreclosed homes and … [Read more...] about Nevada’s Place Among the States 2017
LEGACY The first and longest running program of its kind in Nevada, Healthcare Heroes was born in 2006 with 10 categories and a seemingly endless supply of nominees. Since the beginning, Healthcare Heroes has been a catalyst to help grow healthcare in the Silver State. Taking the idea of contributing to healthcare a step further, the Healthcare Heroes scholarship … [Read more...] about Twelfth Annual Healthcare Heroes
As the economy improves, Nevada’s law offices are seeing increased growth and competition across the Silver State. Although technology presents new challenges, leaders in the industry expect improvements to continue across the board. Attorneys, leading many of the state’s top law firms, recently met at the Las Vegas office of City National Bank to discuss industry health and … [Read more...] about Industry Focus: Attorneys
It’s not very often that a bad tax system actually benefits taxpayers — but that’s the case with Nevada’s property tax. Both policy experts and local governments have repeatedly called for reform to the state’s convoluted property tax structure — albeit for entirely different reasons. Many policy experts dislike the current system because it’s unnecessarily complex, and … [Read more...] about Stop Calling Higher Taxes a ‘Reform’: Property Taxes in Nevada
The Anthem Companies, Inc. Anthem Companies, one of the largest publicly traded health benefit companies in the country, plans to establish a customer service facility in Las Vegas later this year. In order to serve clients in the Western part of the US, the company is leasing a 75,000 square-foot facility to house back office and customer support operations. This new location … [Read more...] about Welcome to Nevada: September 2017
NHL Practice Facility Named after City National Bank City National has been named the official bank for the Vegas Golden Knights National Hockey League team. The team’s practice facility has now been named the City National Arena and the bank will be brand identified at the T-Mobile arena where the Knights will play during the regular season. City Nationals mutli-year … [Read more...] about Around the State: September 2017
Approximately 12 million baby boomers own small businesses in America. With the oldest members of the generation turning 71 this year, retirement concerns are frequently a primary focus amongst the generational group. Retirement for business owners is different than retirement for employees who work for companies owned by others. For example, boomers who have their … [Read more...] about Boomers…… Is Your Retirement Income Tied up in the Business You Own?
Founder and Principal Structural Engineer Las Vegas Engineers, LLC. (30 years in Nevada) Type of Business: Consulting Structural Engineers | Hails from: Kansas City, Kansas| 30 years with company in Nevada | Based in: Henderson How did you first get into your profession? My cousin Richard Campbell, who studied architecture at Kansas State University, recommended … [Read more...] about Movers & Shakers: Daniel Campbell
When developers set out to make a commercial real estate vision a reality, they first must get their prospective project plans approved by the jurisdictional agency in which the land falls, the city or county. This is called the entitlement process. Next is the procedure to obtain a building permit followed by construction and final approvals. All of these steps constitute the … [Read more...] about From Vision to Reality: A Look at Entitlements in Nevada
E Sale, Multi-Family ADDRESS 1011 N. 4th St., 89101 BUYER 1011 North 4th Street Casa Vista, LLC SELLER Casa Vista, LLC DETAILS 23 units; $52,174 per unit APN 139-27-603-003 SELLER’S REP Devin Lee, CCIM and Jerad Roberts of Northcap Multifamily Sale, Land ADDRESS 3919 E. Cheyenne Ave., 89115 BUYER 3919 Cheyenne, LLC SELLER Professional Investors DETAILS 4.9 acres; … [Read more...] about Red Report: September 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 points to 19.2 percent from Q1 2017. Compared to Q2 2016, the office vacancy rate was down 1 point, from 20.2 percent. Vacancy rates ranged from 15.7 percent for Class C space to a high of 23.3 percent for Class A space in Q2. Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 … [Read more...] about Office Summary: Second Quarter 2017
The “advance” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2017 grew at a 2.6 percent annualized rate. Real GDP for the first quarter was revised downward to a 1.2 percent pace. Residential investment exhibited the largest decrease among the real GDP components for the second quarter, while consumer spending and business investment rebounded … [Read more...] about September 2017: Business Indicators
“The most significant changes I’ve witnessed is the evolution of our community and state to accommodate the arts, energy, technology and other great industries!” Valerie Clark | President, Clark & Associates (24 years in Nevada) “One of the greatest things I’ve seen is Southern Nevada’s evolution into a true entertainment destination. We now have world-class restaurants … [Read more...] about What Is the Most Significant Change You’ve Seen in Nevada?