Will Roger collection to be published April 2019, Roger's work at Smithsonian's Renwick Gallery Smallworks Press, a Las Vegas-based independent publishing company specializing in limited edition, exquisitely-printed books focusing on contemporary art and culture, has been selected to produce and distribute the highly-anticipated photography collection of Will Roger, a … [Read more...]
“More Taxes!” – The Teacher Union’s Solution to Education
In 2015, Nevada’s Legislature passed the largest one-time tax increase in Nevada history, $1.2 billion of which was, ostensibly, to boost education funding. Despite the fact that the commerce tax was rejected by voters the previous year, the Legislature and Nevada’s elected leaders chose to unilaterally “fix” education by passing the large tax package. This forced Nevada … [Read more...]
The Drive: Automobiles in Nevada
Automobile sales in Nevada are following the national trend of keeping steady after years of growth. Following seven years of steady, and at times rapid, increases in sales, volume is beginning to flatline and the future is uncertain, according to multiple car dealership executives in Nevada. In the previous eight years, new car sales had grown by an average of 5 percent … [Read more...]
Medical Education in Nevada: Progress Made, Long Way to Go
Great strides in expanding medical education in Nevada have been made in the past few years. Yet the effects have been minimal so far and won’t kick in until years in the future. In addition, much more work needs to be done, experts said. “[Medical education] is improved and has a long way to go,” said Shelley Berkley, CEO and senior provost of Touro University’s … [Read more...]
Industry Focus: CPAs
An asset to any business, CPAs and accountants have a multitude of challenges when it comes to staying on top of new laws and advising their clients. Recently, executives representing this industry met at the Las Vegas office of City National Bank to talk about the changes they’ve seen recently and what is on the horizon. Connie Brennan, publisher and CEO of … [Read more...]
Legal Opinions 2018: Expert Knowledge for Nevada Businesses
Legal Opinions, a Nevada Business Magazine feature for the past seven years, 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 one-stop resource for executives. Articles in the 2018 edition of Legal Opinions range from marijuana to private equity and healthcare. … [Read more...]
Beyond Stark: Nevada’s Lesser-Known Physician Self-Referral Laws
By J. Malcolm DeVoy, Attorney, DeVoy Law Nevada law imposes obligations upon physicians that are under-appreciated and may foil an otherwise effective compliance program. Medical providers are aware of the federal penalties for kickbacks and impermissible self-referrals under the Anti-Kickback Statute and the Stark Law, which can include civil monetary penalties, exclusion … [Read more...]
馬馬虎虎 (“Horse, Horse, Tiger, Tiger”) Avoiding Mediocrity with Your Chinese Clients
By R. Duane Frizell, Esq.1, Attorney, Frizell Law Firm The Chinese say, “horse, horse, tiger, tiger.” Neither one nor the other. Mediocre. An understanding of pertinent issues helps U.S. businesses avoid mediocrity in the important Chinese market. Between 2000 and 2015, Nevada’s Asian population doubled.2 In the U.S. as a whole, from 2007-2015, the number of employees at … [Read more...]
Political Discussions in the Workplace
by Jason D. Guinasso, Managing Partner, Hutchison & Steffen Attorneys Political discussions and debate are common at work among managers and employees. Indeed, in today’s polarizing political climate, it seems as if everyone has a political opinion and they are not shy about sharing it. Surprisingly, few companies have a written policy on political discussions and … [Read more...]
Appellate Courts Increasingly Affirm Trial Court Decisions to Dismiss Lawsuits
By Joel D. Henriod, Partner, Lewis Roca Rothgerber Christie A current trend in the federal and Nevada appellate courts brings to mind the 1988 fight between Michael Spinks and the reigning heavyweight champion, Mike Tyson. Both were undefeated. It was then the richest fight in history, grossing $70 million, funded largely by pay-per-view fees from over 600,000 households. … [Read more...]
The Opportunity Zone Program a Boon to Economic Development and Private Investment
By Kade Miller, Attorney, Snell & Wilmer The passage of the Tax Cuts and Jobs Act resulted in the creation of a powerful tax incentive program that is generating considerable interest and activity in the economic development and investment communities. Known as the Opportunity Zone Program (OZ Program), this tax incentive regime is designed to stimulate economic … [Read more...]
Legal Predictions for the 2019 Marijuana Industry
“Prediction is very difficult, especially if it’s about the future.” —Nils Bohr, physicist and Nobel laureate By Alicia Ashcraft, Managing Partner, Ashcraft & Barr In last year’s “Legal Opinions” section of Nevada Business Magazine, we made three predictions about Nevada’s marijuana industry. We re-visit those predictions in this article to see how well our … [Read more...]
Private Equity Lending: Is It a Good Choice for Business?
By Samuel A. Schwartz, Transactional Attorney, Brownstein Hyatt Farber Schreck Prior to the Great Recession, private equity firms were historically devoted to buy outs and smaller loans that traditional banks had no interest in funding. Since that time, according to estimates by the private equity firm Ares Management, nonbanks held more than half a trillion dollars’ worth … [Read more...]
Big Government’s Largest Cheerleader Is Itself
Let’s be honest: Both major political parties seem to be fans of growing government. Politicians, however seem to know that most voters aren’t quite as anxious to hike taxes or increase spending. After all, hopeful lawmakers continually promise to make government leaner, trim excess and curb waste in the public sector — and politicians are masters of telling voters what they … [Read more...]
CRE Financing: Evolving with Nevada’s Economy
A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. “We are seeing a good deal of industrial, including build-to-suit industrial and even some spec type industrial, and we’re seeing a lot of multi-family [apartments] and … [Read more...]
Movers & Shakers: Heather Korbulic
Executive Director Silver State Health Insurance Exchange (5 years in Nevada) Type of Business: State Agency | Hails from: Lake Oswego, Oregon | 3 years with company in Nevada | Based: Statewide How did you first get into your profession? I started as an advocate for seniors living in long term care settings and learned a lot about the importance of policy and their … [Read more...]
Welcome to Nevada: October 2018
JSW SA The European Union’s largest Polish coal producing company, JSW SA has signed a letter of intent with the Nevada Institute for Autonomous Systems (NIAS). JSW SA makes a core ingredient for steel and is a leader in commercial autonomous systems. The company will now collaborate with the NIAS on furthering the development of the unmanned aerial systems industry, the … [Read more...]
Choosing Insurance for Small Business: Tips and Tricks
Let’s be honest, nobody likes buying insurance. It’s something we all need and something we all have to buy. From personal insurance for our homes and cars to health insurance for our families, it can be overwhelming and expensive. Plus, it certainly doesn’t help that every other commercial on TV is talking about some kind of insurance. Insurance doesn’t have to be … [Read more...]
Around the State: October 2018
SafeNest Opens New Donation Center Nevada’s largest non-profit organization serving those affected by domestic violence, SafeNest, has opened a new donation center headquarters. The new center doubles the non-profits capacity, expanding from 1,000 to 2,500 square feet and employing 20 full- and part-time staff. Donations to the center total over 200,000 pounds each month and … [Read more...]
Retail Summary: Second Quarter 2018
Northern Nevada By NAI Alliance The overall Northern Nevada economy continues to improve through the second quarter. The overall vacancy in the Reno/Sparks area decreased to 12.45 percent from the previous quarter of 13.12 percent. There was a total gross absorption of 219,414 square feet during the quarter, with a net absorption of 80,792 square feet. The anchor vacancy … [Read more...]
