“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
Features
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
Industry FocusMining
Most Nevadans might be surprised to learn that mining still accounts for a significant portion of the state’s economy. In that regard, Nevada miners have been working to educate the state-at-large regarding their industry and the advancements therein. Executives from mining organizations throughout the state recently met in a virtual roundtable, sponsored by City National Bank, … [Read more...] about Industry Focus
Nevada UtilitiesGrowth Continues Amid COVID, Cybersecurity Concerns
A recent cyberattack on the Delta-Montrose Electric Association (DMEA) in Colorado that shut down 90 percent of its internal controls and erased 25 years of historical data is a reminder for Nevada utility companies that bad actors are constantly targeting their infrastructure. It also comes at a time when these companies are experiencing increased demand for service as the … [Read more...] about Nevada Utilities
Economic Forecast 2022Nevada’s Economy Recovering – But Coronavirus Still Haunts State
Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined. The recovery was also assisted by employment recovering to pre-coronavirus levels in … [Read more...] about Economic Forecast 2022
An Intellectual Property WorldDefining and Protecting Rights
“It’s an intellectual property world,” said Robert Ryan, partner at Holland and Hart. “Almost any business that you build is going to have substantial intellectual property and the proper protection of it can be essential for having something valuable.” Intellectual property, or IP, is everywhere. From websites, client lists and software to the recipe of the sodas a company … [Read more...] about An Intellectual Property World
City of North Las VegasGrowth by Design
The City of North Las Vegas turned 75 in 2021. When incorporated in 1946, North Las Vegas was a sleepy, bedroom community. Today, North Las Vegas is a thriving metropolis with one of the strongest economies in the state. Through a pro-business approach, North Las Vegas is the epicenter of commerce, manufacturing and logistics in southern Nevada. The origins of the City of … [Read more...] about City of North Las Vegas
Industry FocusHealthcare
Healthcare in Nevada has seen significant challenges, especially in the past two years. COVID has brought about unprecedented change and hardship for this industry, from patient care to workforce issues. Recently, leaders in healthcare met in a virtual roundtable, sponsored by City National Bank, to discuss the industry and its future. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus
Architects and EngineersDesigning Nevada’s Future
Construction was one of the industries considered essential during the pandemic shutdown in spring 2020. That included architects and engineers, who social distanced, worked remotely and wore masks, but kept working. That doesn’t mean the pandemic didn’t affect these industries. Both fields were already changing when COVID hit. Like it did for many industries, the pandemic … [Read more...] about Architects and Engineers
Closed:The Great Resignation and Workforce Development
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:
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