In August, 4.3 million U.S. workers quit their jobs, according to Department of Labor (DOL). Food services lost 892,000 workers, 721,000 employees quit the retail industry and even more workers left education and healthcare. The start of the pandemic saw record high unemployment and by July 2021 the United States hit another record high – 11.1 million jobs … [Read more...] about Closed:
Features
Credit UnionsDiversifying Loan Activity
Credit unions are becoming an increasingly important source of loans for small businesses, a development that’s particularly welcome to credit union executives vexed by the need to put massive flows of new deposits to profitable use. At the middle of this year, small business loans at the 15 credit unions headquartered in Nevada stood at $640 million, a 63 percent increase from … [Read more...] about Credit Unions
Industry FocusAttorneys
Nevada’s legal industry had a banner year as they helped clients navigate the challenges of COVID. Even so, attorneys struggled through a changed work environment and court system. Leaders from this industry recently met in a virtual roundtable, sponsored by City National Bank, to discuss Nevada’s legal field and what the future holds. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus
Back in the BuildingsProperty Management in Nevada
Nevada is quickly approaching the two-year mark since the beginning of the COVID-19 pandemic. From government mandates, social distancing, supply delays and a staffing crisis nationwide, business in the Silver State has had to adapt and change. Many industries were hit hard by these changes, including property management. But, in post-COVID Nevada, the industry is on its way … [Read more...] about Back in the Buildings
NAIOP Southern Nevada 2021 “Strength vs Adversity” Virtual Bus Tour
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2021 “Strength vs Adversity” Bus Tour. These past two years have been a whirlwind! This market has faced significant adversity as a result of COVID. Despite the uncertainty over the past two years, our market has shown its strength and ability to overcome the effects caused by the pandemic. We are pleased … [Read more...] about NAIOP Southern Nevada 2021 “Strength vs Adversity” Virtual Bus Tour
Meet You in NevadaReopening to Visitors Far and Wide
For the first time since the pandemic quarantine, Nevada’s visitor volume was more than 4 million in June, said Brenda Scolari, director, Nevada Tourism & Cultural Affairs, TravelNevada. “Even though that’s 16 percent below comparable in the same month in 2019, we have had visitation growth steadily improving month to month.” Visitor numbers reflect tourism trends … [Read more...] about Meet You in Nevada
Unique ChallengesRural Nevada, Housing and Innovation Zones
When it comes to rural communities, flexibility and community support are essential proponents for any business. Right now, there are a lot of interesting things happening in rural Nevada. At the top of the list is the issue of innovation zones. A company proposing to create self-governing, corporate-owned communities within thousands of acres of land it owns in a rural county … [Read more...] about Unique Challenges
A Tale of Two CitiesRetail Commercial Real Estate in Nevada
“Retail commercial real estate (CRE) in Nevada is a tale of two cities, really,” said Chris Richardson, CCIM, director, Logic Commercial Real Estate. “On the one hand, I have never seen such demand for new drive-through restaurants in good areas. It seems like everyone is expanding and some quick serve restaurants that never incorporated drive-through before are starting to … [Read more...] about A Tale of Two Cities
Industry FocusCPAs
Frequently named as the most trusted profession by business owners, leaders in the certified public accountant (CPA) industry have had their work cut out for them in 2021. From navigating complex issues arising from the COVID pandemic to dealing with ever-changing rules from the Federal government, CPAs are working to remain flexible and available for their clients. … [Read more...] about Industry Focus
Sundial Drive HOA Avoided Fee IncreaseBy Replacing Decorative Grass
When mulling over the pros and cons of keeping its water-thirsty grass last year, the Sundial Drive Homeowner’s Association (HOA) surveyed its residents for input. The board was deciding whether to keep the grass and raise HOA fees to cover water and maintenance costs or replace the grass with a water-smart landscape. While some residents expressed strong support for keeping … [Read more...] about Sundial Drive HOA Avoided Fee Increase
Shovel ReadyBuoyed by Strong Prices, Mining Companies Battle Labor Shortage
All the jobless people in Eureka County last summer — all 30 of them, to be precise — scarcely would have filled more than a couple of rows of seats in the historic Eureka Opera House near the heart of Nevada’s great mining district. Tiny pools of available workers are commonplace across rural Nevada these days, and the tight labor markets create headaches for the mining … [Read more...] about Shovel Ready
Cybersecurity for Business OwnersMinimize Risk, Maximize Security
All businesses, from corporate giants to mom and pop enterprises, have data that needs to be protected. This is one instance where the size and type of a business is irrelevant. “That’s a real challenge that small businesses haven’t quite learned to cope with,” said Brian Fricke, chief information security officer, City National Bank. “You can outsource a lot of things, of … [Read more...] about Cybersecurity for Business Owners
Industry FocusEducation
Education in Nevada has long been plagued by lower-than-average graduation rates and test scores. The coronavirus pandemic has only added to the state’s education woes. Leaders in education have the difficult task of improving rankings while creatively overcoming issues brought to the forefront by the pandemic. Recently these leaders met in a virtual roundtable, hosted by City … [Read more...] about Industry Focus
Legal Opinions 2021
Legal Opinions is a compilation of expert knowledge on a variety of topics. Written by attorneys, all of whom are highly educated on their featured topic, this special report is a valuable resource for executives. Nevada Business Magazine has been publishing this special feature since 2014. Articles in the 2021 edition of Legal Opinions cover a gamut of professional issues … [Read more...] about Legal Opinions 2021
How Nevada Stacks Up2021
Each year, Nevada Business Magazine compiles data comparing Nevada to other states and to U.S. averages. A big part of these annual exercises is tracking how the state responds to the ups and downs of economic cycles. However, assessing the damage done by the economic fallout of the COVID pandemic is rather like taking stock after a Category 5 hurricane. Although the sun is … [Read more...] about How Nevada Stacks Up
Industry FocusBankers
As the pandemic took its toll on businesses throughout Nevada, bankers were called upon to implement the Paycheck Protection Program (PPP), a loan program intended to provide American small businesses with cash flow. They did so efficiently while also overcoming new challenges to banking arising from a myriad of sources. Recently, bankers met in a virtual roundtable, hosted by … [Read more...] about Industry Focus
Healthcare Heroes2021
Corporate Sponsor It means the world to us to provide care to the communities where we live and work. At Southwest Medical, part of Optum Care, it’s something we have been doing for nearly 50 years. Across each passing decade, the health and well-being of our patients, our community and our team members continues to be our top priority. We want to see patients stay … [Read more...] about Healthcare Heroes
A Place to Call HomeNevada’s Residential Housing Market
In southern Nevada, between 13,000 and 14,000 new home permits have been pulled in 2021, up 11 percent from 2020, said Nat Hodgson, CEO, Southern Nevada Home Builders Association (SNHBA). “We thought we were going to get about the same as last year, so an 11 percent increase when we were factoring zero is pretty good. We’re actually tracking over 14,000 right now, but I don’t … [Read more...] about A Place to Call Home
Women to Watch 2021
Over Nevada’s diverse business landscape stands a group of women who have served as mentors, change agents and influencers for their communities. These women have proven time and again that limits can be pushed and determination is essential to a successful career. The 2021 class of Women to Watch represent this classification of female business executive. They’ve stood through … [Read more...] about Women to Watch 2021
Higher EducationA Cornerstone of Nevada’s Recovery
Nearly 20 years ago, economic development officials in Nevada wondered what the state could do to attract employers in the fast-growing biotechnology sector. Industry officials told them flat-out that Nevada simply didn’t have the skilled professional workforce to support biotechnology companies. Flash forward to this spring, when StemExpress announced plans to launch a … [Read more...] about Higher Education