It’s been a decade since the great recession hit Nevada. As we start the new year of 2018, the state’s economy overall remains in recovery mode, with the majority of related metrics remaining below their peaks in 2006 and 2007. Looking forward, we can expect continued steady, incremental growth of the economy in the Silver State at both regional ends, experts said, which is … [Read more...] about Nevada’s Economic Outlook: 2018 Blue Skies Ahead
Cover Story
The Succession Plan: An Often Overlooked Necessity
When asked the significance of a company succession plan, experts were united when they explained the absolute necessity of a good plan. “[Succession planning] may be the most important thing for a business and it is for sure the thing that is done less well,” said Carl Rowe, founder and senior consultant of Clarity Advisors to Management, which provides solutions to … [Read more...] about The Succession Plan: An Often Overlooked Necessity
Transformers: Retailers Change Tactics
To attract a new generation of shoppers and keep up with competition from online retailers, Nevada shopping malls are transforming into “mixed-use lifestyle centers” and encouraging their tenants to profit from online shopping instead of fighting it. Their tactics seem to be working, as mall owners report record numbers of shoppers and few vacancies. Malls’ success … [Read more...] about Transformers: Retailers Change Tactics
Nevada Strong: The Impact Of The Armed Forces In The Silver State
The U.S. Armed Forces are doing work in Nevada that’s critical to the defense and security of the nation and the state — training pilots, testing drones, fighting overseas remotely, storing munitions and helping battle fires, to name a handful. The numerous installations throughout the Silver State — those of the National Guard, Air Force, Navy, and Army — contribute to the … [Read more...] about Nevada Strong: The Impact Of The Armed Forces In The Silver State
Taking Nevada to the World: Globalization and Nevada’s Place in the International Market
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
The Silver State & So Much More: Mining in Nevada
Nevada has been known as “The Silver State” since it entered the Union in 1864, but these days, it’s equally famous for gold, lithium, molybdenum and a host of other minerals. Nevada has 119 mines, located in every county except Douglas, and even has six producing oil fields. Mining represents a vital component of the state’s economy. Its total economic output in 2015 … [Read more...] about The Silver State & So Much More: Mining in Nevada
Healthcare Checkup: Employers and Health Insurance in Nevada
When it comes to health insurance in Nevada’s employer market, the past year has seen some small changes and developing trends. What the industry looks like in the future, however, remains uncertain as the American Health Care Act of 2017 remains pending in the U.S. Senate. When it comes to health insurance in Nevada’s employer market, the past year has seen some small … [Read more...] about Healthcare Checkup: Employers and Health Insurance in Nevada
Legal Elite 2017: Nevada’s Top Attorneys
This year marks Legal Elite’s tenth year of presenting Nevada’s top attorneys. The annual list showcases attorneys whose peers have named them amongst the best of the best. The list has come a long way since it’s inaugural issue in June 2008. Since it’s inception, the voting process has become more streamlined and each year more and more attorneys participate in the … [Read more...] about Legal Elite 2017: Nevada’s Top Attorneys
Beyond The Basics: Education in Nevada
Education is critical to Nevada’s workforce, economy and lifestyle. But Nevada’s public education ranks at or near the bottom of national rankings, and only 30 percent of Nevadans hold post-secondary education degrees or certificates. In the K-12 system, rankings are created from more indicators than simply academic, according to Traci Davis, superintendent, Washoe … [Read more...] about Beyond The Basics: Education in Nevada
Slow & Steady: Economic Development in Rural Nevada
From McDermitt and Montello in the north to Laughlin in the south, Nevada’s rural cities struggle to foster economic development but desperately need it. Each locale differs, in terms of primary economic sectors, natural assets and location for instance. However, common themes have been for some, and continue to be for others, dilapidated downtowns, struggling businesses and … [Read more...] about Slow & Steady: Economic Development in Rural Nevada
Executives Weigh In: Power Poll 2017
Most executives would agree, 2016 saw a boost to industry across the Silver State. From call centers and manufacturers to new sports teams and residential and commercial development throughout the state, Nevada is on the rise. This boom in industry is also prompting many business leaders to question when the other shoe will drop. “Cautiously optimistic” has been the phrase … [Read more...] about Executives Weigh In: Power Poll 2017
Banking on Nevada: Stronger + in Recovery Mode
For City National Bank, 2016 was one of its best years since the economic downturn. Today, with $47 billion in assets, its financials are more robust overall, profitability is improved, topline revenues are increasing and its number of clients is up, said Scott Aney, Nevada regional executive. In fact, in December, executives signed a 10-year lease extension for City National’s … [Read more...] about Banking on Nevada: Stronger + in Recovery Mode
The Ups and Downs: Nevada’s Economic Forecast
Experts are bullish on Nevada’s overall economy this year, anticipating continued recovery from the recession and growth, they said. Four key markers support their outlook: Wages: The average private weekly wage for Nevada workers peaked in October at $758.86, representing a 2.3 percent year-over-year increase, according to Applied Analysis, a Las Vegas-based economic fiscal … [Read more...] about The Ups and Downs: Nevada’s Economic Forecast
The Evolution of Medical Education in Nevada
In November, the University of Nevada, Las Vegas (UNLV) School of Medicine began accepting applications and interviewing students who will start their medical school education in summer 2017. That sounds like good news – and it is – because of Nevada’s severe shortage of physicians. However, it’s only one step by Nevada healthcare professionals to help the state catch up. … [Read more...] about The Evolution of Medical Education in Nevada
Taking Cover: Trends in Nevada’s Commercial Insurance
When it comes to risk and managing risk, successful CEOs understand the importance of thorough planning and solid insurance with up-to-date information on the latest rules and regulations. While the commercial insurance industry in Nevada has overall remained relatively static, some new trends have emerged and are growing. Those are highlighted here along with an overview of … [Read more...] about Taking Cover: Trends in Nevada’s Commercial Insurance