Now that the Cliven Bundy trial has ended with a victory (at least temporarily) for the Bunkerville rancher, it’s time to ask what we can learn from this David-and-Goliath battle between a small businessman and the federal government. Bundy had been running his cattle on federal land for many years, but in 1993 he stopped paying grazing fees to protest a BLM directive that … [Read more...] about The Bundy Trial: Fighting the Feds
Archives for February 2018
Banking on Nevada: Nevada Financial Institutions by the Numbers
Nevada’s Financial Institutions Division (FID) maintains and supervises Nevada’s banking industry. According to FID, the industry is growing stronger. Some of the positive indicators include loan concentrations – those concentrations that indicate what loan growth is, what loan activity is actually taking place, and whether individual banks have too large a concentration in … [Read more...] about Banking on Nevada: Nevada Financial Institutions by the Numbers
Wages and the Worker’s Market: Nevada Staffing
Nevada’s employment landscape is one with numerous available jobs but an insufficient number of qualified people to fill them, experts said. “It’s an employee’s market,” said Peggy Walker, referring to Northern Nevada. “If somebody’s not working, there really is no excuse. They’re able to pick and choose.” At the same time, she said, “there are not enough skilled workers.” … [Read more...] about Wages and the Worker’s Market: Nevada Staffing
Industry Focus: Builders & Developers
Arguably the most beleaguered industry during the Great Recession, builders and developers have bounced back with a vengeance. Executives in this industry recently gathered to discuss their industry, the rebound and new challenges builders and developers face. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as moderator for this event. The magazine’s … [Read more...] about Industry Focus: Builders & Developers
Working for Workplaces: The Office Market in Nevada
The Nevada office real estate market is set to be the most active it’s been since before the Great Recession, but one major factor could stymie the growth. Multiple real estate professionals in Nevada said 2017 was a great year for the office market and 2018 is looking even better, but the consistent absorption has led to a lack of available inventory. Unless more office … [Read more...] about Working for Workplaces: The Office Market in Nevada
The ‘End of the World’ Comes with a Bump in Pay
One wouldn’t know it listening to many media loudmouths, but the recently passed GOP tax reform bill is producing results that should earn the applause of “progressives.” Unfortunately, as is now par for the course, political tribalism — not legitimate policy concerns — has encouraged the political left to protest a tax plan that’s poised to benefit every income bracket and … [Read more...] about The ‘End of the World’ Comes with a Bump in Pay
Around the State: February 2018
Public Meeting Launched to Address Underperforming Education System In what is expected to be the first of several meetings, Treasurer Dan Schwartz has called for a public meeting to receive input on the draft of a bill targeted at Nevada’s beleaguered K-12 education system. The treasurer hopes to draft a bill for the 2019 legislation that will address educational choice … [Read more...] about Around the State: February 2018
Movers & Shakers: Gloria M. Petroni
President Petroni Law Group (3 years in Nevada) Type of Business: Law Firm | Hails from: Yerington, NV | 3 years with company in Nevada | Based in: Reno, NV How did you first get into your profession? I knew I wanted to practice law but it was not until I graduated from law school that I determined that family law was the practice area I felt most passionate … [Read more...] about Movers & Shakers: Gloria M. Petroni
Welcome to Nevada: February 2018
Asia Union Electronic Chemical Corporation Asia Union Electronic Chemical Corporation (AUECC) is moving to a new facility in the Tahoe Reno Industrial Center in Storey County. The facility is expected to be operational by the end of this year and the company plans to hire over 100 employees. AUECC is headquartered in Taipei, Taiwan. The company is a leader in the manufacturing … [Read more...] about Welcome to Nevada: February 2018
The Art of the Acquisition
Growing your business via acquisition can be among the most rewarding ways to scale swiftly. Conversely, it can be a business mistake. To be successful, there’s a refined, proven approach that can propel your brand to the promise land. There are two main ways to find, choose and close a successful acquisition. Customer acquisition – when you are interested in the … [Read more...] about The Art of the Acquisition
Industrial Summary: Fourth Quarter 2017
Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market showed strong performance in Q4 2017. With approximately 1.4 million square feet of positive net absorption recorded this quarter, the region’s 2017 positive absorption total grew to 3.9 million square feet. The completion of two new Class A speculative projects in Q4 added much-needed space to … [Read more...] about Industrial Summary: Fourth Quarter 2017
Red Report: February 2018
E Sale, Industrial ADDRESS 4620 Calimesa St., 89115 BUYER Bacio SELLER NLV Sagebrush DETAILS 22,750 SF; $2,661,750 APN 140-05-112-001 SELLER REPS Dan Doherty, SIOR and Paul Sweetland, SIOR of Colliers International Sale, Industrial ADDRESS 2782 Abels Ln., 89115 BUYER Aaron David Industrial SELLER Baldwin Holdings DETAILS 9,960 SF; $812,000 APN … [Read more...] about Red Report: February 2018
Business Indicators: February 2018
The “third” estimate for U.S. real gross domestic product (GDP) for the third quarter of 2017 grew strongly at a 3.2 percent annualized rate, revised down by 0.1 percent from the second estimate of 3.3 percent. The downward revision of 0.1 percent from the second estimate reflected less-than-expected consumer spending, which more than offset the larger-than-expected increase in … [Read more...] about Business Indicators: February 2018
How Did You Meet Your Significant Other?
“I met my husband through Nevada Business Magazine! My PR firm ran an advertorial 18 years ago, and he came across the article. He told one of our clients he wanted an introduction to me, and the rest is history. I credit the magazine with my marriage and two daughters!” Holly Silvestri, Partner | The Ferraro Group “On business in Portland one morning, I had forgotten to pack … [Read more...] about How Did You Meet Your Significant Other?