When the Governor announced the shutdown of businesses throughout Nevada in mid-March, it seems many among us were in a state of shock. As the new reality started to sink in and people developed new routines, an unexpected camaraderie started to take place. The “we’re all in this together” mantra was embraced as people reached out to each other to help however they could. I … [Read more...] about A Shout Out to the Helpers
Archives for May 2020
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
Nevada UtilitiesNew Technologies, New Threats, New Solutions
Modern utilities, whether it’s electricity, water or natural gas, are expected to be there when needed. Utilities companies today face new challenges and need to adapt to a changing world, creating procedures to keep staff and customers safe and resources available. The tools have changed. Technology offers new solutions, climate change brings new challenges and a … [Read more...] about Nevada Utilities
Industry FocusBrokers
As Nevada businesses work to adjust to a rapidly changed world, executives in commercial brokerage see a multitude of changes to their industry. From tenant and landlord to bankers, brokers are involved in nearly every aspect of the commercial real estate industry and are working to advise their clients moving forward in a post-COVID world. Recently, brokerage executives … [Read more...] about Industry Focus
Family Owned Businesses 2020
Nevada State Bank is proud to join Nevada Business Magazine in celebrating the accomplishments of the 2020 Family Owned Business award finalists. Although each family business is unique, successful companies share qualities like perseverance, ingenuity, teamwork and community service – qualities exemplified by the businesses featured this year. This year will long be … [Read more...] about Family Owned Businesses 2020
Supply & DemandNevada’s Industrial Market
The demand for industrial space has been extraordinarily strong in Nevada throughout this economic expansion and is expected to stay consistent throughout the rest of this year and into 2021, according to real estate professionals throughout the state. Originally, a decline in demand was expected due to the country’s trade war with China, but with trade tensions easing that … [Read more...] about Supply & Demand
The Decision to ‘Re-Open’ the Economy Shouldn’t be Government’s to Make
Destroying the financial hopes and dreams of thousands of Nevadans should have never been seen as the only way to combat a pandemic. And given the depth of the financial harm this shutdown has caused, getting people back to earning a living should, at this point, be considered equally as important as containing the spread of the virus. After all, the cost of the shutdown … [Read more...] about The Decision to ‘Re-Open’ the Economy Shouldn’t be Government’s to Make
George Garcia
Founder, GC Garcia, Inc. Type of Business: Planning & Development ServicesBased: Henderson, NVHails from: Chicago, IL Years Co. has been in Nevada: 25Years with Company in Nevada: 25Employees with Company: 7 What was your first job? Washing dishes in an all-you-can-eat restaurant. What career advice would you give to your teenage self? Find what … [Read more...] about George Garcia
Around the StateMay 2020
Students in Need of Technology According to the Public Education Foundation, as many as one-third of the 320,000 families In the Clark County School District (CCSD) lack access to computers, the internet or their teachers. The CCSD estimates that approximately 120,000 Chromebooks are needed for students participating in distance learning. Recently a Las Vegas-based software … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary: First Quarter 2020
Northern Nevada By CBRE Reno Strict stay-at-home orders due to the COVID-19 pandemic are leading the U.S. economy into a recession with a very sharp GDP decline in for Q1 2020. However, the unique nature of this downturn could result in an unusually swift economic recovery that may begin as early as Q3 2020. Prior to the pandemic, the Reno industrial market began to … [Read more...] about Commercial RE Report
Business IndicatorsMay 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2019 rose at an annual rate of 2.1 percent. U.S. nonfarm employment lost 701,000 jobs in March with a notable decline of 459,000 jobs in the leisure and hospitality sector. Since these figures are based on the first two weeks of March, they only reflected the early effects of the … [Read more...] about Business Indicators
Last WordHow Do You Stay Productive While Remote Working?
Lora Fudale CEO and PresidentFudale Destination Management “Establish a morning routine and stick to it! Simply making yourbed entices you to accomplish more during the day. Designate a separate workspace to minimize distractions and stay focused.” Rick Benbow Regional Vice PresidentWGU “Keep your routine of getting ready for work; find a space in your home … [Read more...] about Last Word