In March 2003, Nevada Business Magazine (then Nevada Business Journal) sent, via snail mail, survey forms to several hundred business leaders in the state and asked them to participate in what would become an annual tradition: the “Power Poll”. Twenty years later, much has changed. But, as philosopher Heraclitus once said, “Change is the only constant.” Now the survey is sent … [Read more...] about Power Poll 2022
Features
Keep WatchFinancing in Nevada
Financing in Nevada is on the move and, even experts agree, where it’s headed is anybody’s guess. With the Fed recently increasing interest rates and a noticeable spike in inflation, financial experts and Nevadans alike are paying close attention. “Depending on what the two variables do – inflation and interest rates – it will have some impact on every industry. [That … [Read more...] about Keep Watch
Industry FocusProperty Management
Many industries are facing significant changes due to the shifts in how professionals work after COVID. On the forefront of many of those changes is property management as they are responsible for maintaining the workplaces of Nevadans. Recently, leaders in property management met in a virtual roundtable, sponsored by City National Bank, to discuss the challenges their industry … [Read more...] about Industry Focus
Nevada Business Awards2022
Nevada Business Magazine, along with corporate sponsor Nevada State Bank, is honored to recognize and support Nevada businesses for their hard work. Congratulations to all of this year’s finalists. The Judges A special thank you to the distinguished panel of judges for their work in identifying this year’s finalists out of hundreds of nominees and for the unenviable … [Read more...] about Nevada Business Awards
Transportation in NevadaChallenges and Opportunities
Supply chain issues have dominated headlines in 2022. Everything everywhere seems to be backordered, backlogged, or just unavailable. But what’s broadly referred to as supply chain issues are often labor shortages, manufacturing shortages and even shortages of trucks and trailers necessary to transport everything. Sometimes supply chain issues are really logistics … [Read more...] about Transportation in Nevada
Roseman’s College of MedicineAddressing the Physician Workforce Shortage while Being a Positive Economic Driver
by David Dunn and Rick Smith, Outgoing Board Chair and Incoming Board Chair Roseman University of Health Sciences is committed to transforming medical education and the health of our communities by addressing Nevada’s critical shortage of physicians through development of a revolutionary medical school. As the outgoing and incoming Chairs of Roseman University’s Board of … [Read more...] about Roseman’s College of Medicine
Groundbreaking LawRequires Businesses Replace Decorative Grass
Nevada is the first state in the nation to outlaw grass at existing non-single-family properties through a new law that prohibits use of Colorado River water to irrigate decorative grass by the end of 2026. The turf removal law targets nonfunctional grass in streetscapes, medians, parking lots and other areas not used for recreation in Southern Nevada. When fully enacted, … [Read more...] about Groundbreaking Law
Healthcare Check-UpThe Technology and People that Keep Nevada Healthy
In 2021, estimated revenue from the U.S. healthcare industry was $2,709.9 billion. The industry focused on medical technology, research and innovation. Hospitals spend more than $852 billion on goods and services annually and generate more than $2.8 trillion in economic activity. Those numbers provide the big picture. At a granular level, the goal of healthcare is to keep … [Read more...] about Healthcare Check-Up
Business FirstBuying, Selling and Running a Business
It’s no secret, running a business is challenging. For entrepreneurs throughout Nevada, navigating the complexities of day-to-day operations, as well as what to do when looking to buy or sell a business, can be overwhelming. In fact, even knowing where to start with many business matters can be daunting to the uninitiated. To help business owners and decision makers navigate … [Read more...] about Business First
Industry FocusCommercial Brokers
Two years into the pandemic, the commercial real estate (CRE) industry has undergone several changes and leaders in the field are learning that flexibility is key. Although, each submarket was affected differently by COVID the outlook from leaders is positive. Recently, executives representing CRE in Nevada met virtually in a roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
City of HendersonOpening New Doors
Henderson is growing and with it, doors of opportunity are opening like never before. Once illuminated only by the lights of Las Vegas, Henderson has become a powerhouse of technological innovation, workforce developments and a unique community that stands all on its own. As Nevada ushers in new business from other states, Henderson is opening its doors and becoming the … [Read more...] about City of Henderson
Multifamily in NevadaDemand Outspaces Supply
Nevada continues to be one of the fastest growing states in the nation. The downside to population growth is the inability of the multifamily commercial real estate market to keep up with demand for space, leading to rising rents and increased values for buildable land. “From a housing perspective, apartments, condos and housing, right now there is a significant shortage of … [Read more...] about Multifamily in Nevada
The Southern NevadaEvaporative Cooling Issue
By George Garcia Founder of G.C. Garcia, Inc. www.gcgarciainc.com Evaporative cooling is a highly effect method in the desert climate to cool a building. This cooling method uses water as the means to cost effectively bring temperatures down. Due to its cost efficiency, it is used in nearly all industrial warehouses. Cooling towers used for large buildings such as a … [Read more...] about The Southern Nevada
The Economics of EducationFrom K-12 Through Post-Secondary, Nevada’s Schools Level Up
“A lot of [the new economy] is going to be STEM-related, science, technology, engineering, math, this deep interdisciplinary approach that will allow us to be better positioned for jobs in the future,” said Dr. DeRionne Pollard, president, Nevada State College (NSC). Technology is changing every experience and every economy around the world. Data analytics inform every … [Read more...] about The Economics of Education
A Little Foresight Goes a Long WaySuccession Planning in Nevada
No two succession plans are the same, but all of them have one thing in common – they require planning and usually years of it. “It’s really a matter of making sure everything is in place,” said Jeff Nyman, broker at First Choice Business Brokers. “[The goal] is that, when a buyer looks at that business or a family member looks at it, they are not going to say, ‘I have to … [Read more...] about A Little Foresight Goes a Long Way
Industry FocusBuilders & Developers
As most industries recover from the impacts of the COVID pandemic, builders and developers are still facing challenges with the supply chain, workforce issues and market uncertainty. In spite of those challenges, industry leaders are forging ahead in shaping Nevada’s skylines. Recently, builders and developers met in a virtual roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
New Users and UsesIndustrial Commercial Real Estate in Nevada
“Industrial real estate across the country is doing extremely well right now. Las Vegas is out performing, but it’s not exclusive to Las Vegas,” said Garret Toft, executive vice president, industrial, CBRE. “We’re seeing a period of very strong demand from tenants and users at a time where we’ve been developing quite a bit of industrial. But, demand is outpacing [supply] and … [Read more...] about New Users and Uses
New Law Targets Turf in Southern NevadaWill Save 10 Percent of Water Supply
A new law aimed at increasing water efficiency will help businesses conserve nearly 10 percent of Southern Nevada’s water supply. The law, Assembly Bill 356, prohibits the use of water delivered by Southern Nevada Water Authority (SNWA) member agencies to irrigate decorative grass in streetscapes, medians, parking lots, and other areas where it does not serve a recreational or … [Read more...] about New Law Targets Turf in Southern Nevada
Nevada RootsThe Making of Nevada
“Even though we’re a young state, we’ve got a very rich history,” said Eugene Hattori, curator of anthropology with the Nevada State Museum in Carson City. “We have evidence of archeological trade that goes back 8,000 years.” Nevada’s roots in business and industry began with the Native American tribes that resided in the region initially. The Northern and Southern Paiutes, … [Read more...] about Nevada Roots
Setting RecordsNevada’s Healthy Banking Industry Amidst the Pandemic
Global events like COVID send ripples through the economy which can cause uncertainty on the part of consumers and businesses. With the pandemic creating havoc for normal business operations and occurring just over a decade since the official end of the Great Recession, some economic uncertainty is to be expected. “I started with the bank 20 years ago and I came into the … [Read more...] about Setting Records