Level Playing Field isn’t the name of a new big-budget film -- but it is the dramatic ending that moviemakers are hoping for in order to bring their production companies to Nevada. And the economic payoff if the state provides that level playing field could well prove to be a blockbuster. While just about anyone can name off the top of his head a bunch of movies filmed … [Read more...] about Filmmaking in Nevada: Lights, Camera, Action!
Southern Nevada
Office Summary: Third Quarter 2012
Las Vegas The office sector witnessed a quarter-over-quarter decline in vacancy rates for the first time in two years. During the third quarter of 2012, the vacancy rate fell to 25.2 percent, down 0.4 percentage points compared to the prior quarter (Q2 2012). However, the rate remains 0.3-percentage points higher than a year ago (Q3 2011). The sector reported approximately … [Read more...] about Office Summary: Third Quarter 2012
Healthcare Check-Up: Meeting the New Challenges
There’s no shortage of uncertainty swirling around Nevada’s healthcare industry: from the challenges of the local and national economies to insurance regulations and the implications – even the contours and very existence -- of Obamacare. The outlook, however, is decidedly optimistic. And with good reason. “One of the advantages of healthcare is that it’s been projected … [Read more...] about Healthcare Check-Up: Meeting the New Challenges
Thinking ahead: The Ins and Outs of Business Insurance
Business insurance exists for one reason: to protect your business from essentially two categories of threat – those arising from people in our litigious society where anyone who owns a business can be considered a deep pocket target, and where damage caused by your business’s product or advice is actionable; and to protect against Mother Nature and all her occasionally … [Read more...] about Thinking ahead: The Ins and Outs of Business Insurance
See You Next Year in Nevada! Corporate Meetings and Conventions
In 2011, almost 40 million people visited Las Vegas. Of those visitors, nearly 5 million were attending conventions and corporate meetings. In 2011 alone there were 19,029 conventions held in Southern Nevada, according to the Las Vegas Convention and Visitors Authority (LVCVA). In total, Southern Nevada offers about 2.6 million-square-feet in convention and meeting space, and … [Read more...] about See You Next Year in Nevada! Corporate Meetings and Conventions
October 2012: Around the State
Second Annual Broadband Summit to Connect Nevada Communities Co-hosted by Connect Nevada and the governor’s Nevada Broadband Task Force, the second annual Broadband Summit, Connecting Communities, is expected to address Nevada job creation and local economic development through the access, adoption and use of broadband services. The event is being held towards the end of this … [Read more...] about October 2012: Around the State
Best Companies to Work for 2012
In an economy where simply finding a job is an accomplishment in and of itself, being named one of the Best Companies to Work For is doubly impressive. With so many Nevadans seeking work, the following companies have recognized the value of their employees and go above and beyond to ensure they’re taken care of. While many businesses have had to cut employee benefits or … [Read more...] about Best Companies to Work for 2012
Gaming: Betting on a Comeback
Nevada’s gaming industry today continues to recover, with some regions faring better than others. “Both Southern and Northern Nevada markets are struggling right now,” said John Farahi, CEO of Monarch Casino & Resort Inc., which owns Atlantis Casino Resort Spa, in Reno. State gaming revenue has been picking up slowly since it took about a $2.4 billion hit when the … [Read more...] about Gaming: Betting on a Comeback
Nevada Industry Excellence: Manufacturing
With manufacturing suffering nationally along with the rest of American business, it is largely thriving here in Nevada. The engine has been a combination of factors – from legislative miscues in California and a strong Nevada workforce and overall business climate to the relatively low price of land and facilities, an available and affordable workforce, savvy strategy and … [Read more...] about Nevada Industry Excellence: Manufacturing
Family Owned Businesses 2012: Finalists
The Family Owned Business Awards are an annual event honoring companies in Southern Nevada. The event is sponsored by Fair, Anderson & Langerman and hosted by Nevada Business Magazine. There are 10 categories and three finalists in each category. Click here to view the finalists. … [Read more...] about Family Owned Businesses 2012: Finalists
June 2012: Around the State
Republic Services Unveils Renewable Energy Facility Republic Services and Energenic have unveiled the Apex landfill renewable energy generating facility. The facility is expected to generate enough electricity to power over 10,000 homes in Southern Nevada. NV Energy has entered into a 20-year power purchase agreement for the sale of energy produced from the 12-megawatt … [Read more...] about June 2012: Around the State
The Green Light: Transportation in Nevada
There remains a good degree of uncertainty in Nevada’s transportation sector but also plenty of determination, innovation and well justified optimism. Money is tight and legislative action often unpredictable, of course. But work on many fronts is proceeding, with a raft of projects being completed, green-lighted or planned in an industry that by its very nature spurs growth … [Read more...] about The Green Light: Transportation in Nevada
Office Summary: First Quarter 2012
Las Vegas The office sector continues to remain fragile with further reductions in pricing amid relatively little change in the vacancy rate. The vacancy rate remained flat from the prior quarter at 25.2 percent (13.1 million square feet) by the close of the first quarter of 2012. On a year-over-year basis, the vacancy rate has increased 1.5 percentage points. Despite one … [Read more...] about Office Summary: First Quarter 2012
Banking on Nevada: Moving Forward
No one is singing Ding-Dong, the Wicked Witch is Dead just yet, but a great many bankers across Nevada are already hailing the end of the recession – or something that looks a lot like it – and searching for ways to chart a better course through 2012 and beyond. Many banks statewide have gone by the wayside, and more may still follow. But for those willing and able to … [Read more...] about Banking on Nevada: Moving Forward
Industrial Summary: Fourth Quarter 2011
Las Vegas The Las Vegas Valley industrial market continues to report rising vacancies and further pricing adjustments. The vacancy rate moved upward to 19.0 percent as 418,900 square feet of negative net absorption was reported during the first quarter of 2012. For comparison purposes, the vacancy rate is up 0.4 percentage points from the previous quarter (Q4 2011), and is … [Read more...] about Industrial Summary: Fourth Quarter 2011
Tourism: Welcome Back
Nevada’s travel and tourism industry employs one-third of the state’s population. From hospitality to gaming and from the “What happens in Vegas Stays in Vegas” campaign to Northern Nevada being America’s Adventure Place, the Silver State has been promoted as a world class destination. At the same time, “diversify” has become the State’s battle cry over and over, with warnings … [Read more...] about Tourism: Welcome Back
What is Paper? Nevada Embraces Technology and the People that Create It
Remember when businesses relied on rotary phones, typewriters and snail mail, when sales were done face to face and clients paid by cash or check? Today’s essential work tools are a cellphone, laptop or tablet and the Internet. We have e-mail, videoconferencing, telecommuting, e-tail, PayPal, apps and so much more. “There are so many technologies to choose from,” said Dave … [Read more...] about What is Paper? Nevada Embraces Technology and the People that Create It
April 2012: Around the State
Nevada Sets Record for Exports In 2011, Nevada’s exports totaled nearly $8 billion, breaking the previous Nevada record of just over $6 billon set in 2008. This was a 35 percent increase over 2010 and a jump of $1.85 billion according to the U.S. Department of Commerce. The Commerce Department estimates that every $181,000 in exports supports one job. Nevada’s 2011 exports … [Read more...] about April 2012: Around the State
Retail Summary: Fourth Quarter 2011
Las Vegas The anchor-centered retail market recorded 196,600 square feet of positive net absorption during the fourth quarter of 2011, pushing the vacancy rate downward to 10.6 percent. While vacancies edged down by 0.3 percentage points from the third quarter of 2011, the overall vacancy rate remains higher than the 10.3 percent reported one year ago (Q4 2010). As the … [Read more...] about Retail Summary: Fourth Quarter 2011
Education Outlook: Weathering the Storm
Against a persistent backdrop of brutal budget cuts, shrinking revenues and heightened expectations, K-12 educators in Nevada continue to explore and implement innovative solutions to the challenges they face in the state’s schools. “We’re in the new normal now with the expectation that we’ll have to do more with less,” says Heath Morrison, superintendent of Washoe County … [Read more...] about Education Outlook: Weathering the Storm