The U.S. economy continues to experience the weakest job recovery since World War II. Jobs remain below the last peak level of spring 2001. Jobs increased by only 0.1 percent over the past year. Productivity gains, shifting global manufacturing operations, shortage of raw materials, political uncertainties and rising fuel prices have kept U.S. job growth off its historical … [Read more...] about May 2004: Business Indicators
Industry Focus: Engineers – Firms Face Challenges with Staffing, Fee Structures
On March 9, 2004, CEOs from Nevada’s leading engineering firms gathered at a breakfast roundtable meeting at the Four Seasons Hotel in Las Vegas. The moderator was Connie Brennan, publisher and CEO of Nevada Business Journal. This was the first time engineers had been brought together to discuss the challenges of their profession, and their freewheeling discussion included: … [Read more...] about Industry Focus: Engineers – Firms Face Challenges with Staffing, Fee Structures
May 2004: Face to Face
Name: Norman Rosensteel Title: President Company: Associated Management Inc. Type of Business : A full-service management company for community associations and property management. Location : Headquarters in Incline Village, with offices in Sparks and Las Vegas Years in Nevada: 16 Years with the Firm: 12 Biggest Business Challenge: As a management … [Read more...] about May 2004: Face to Face
Cash Flow Crunch? Factoring May Be the Answer
The process called factoring dates back hundreds of years, but it has evolved into a modern financing technique. What is factoring? When Business A sells a product or service to Business B, it sends Business B an invoice in order to collect the money due. Business A can then either wait for the invoice to be paid (eventually) or it can sell the invoice to a third party for a … [Read more...] about Cash Flow Crunch? Factoring May Be the Answer
May 2004: Nevada Briefs
Las Vegas To Host 380,000 at Trade Shows Las Vegas is scheduled to host 13 trade shows with a projected attendance of 10,000 or more during the second quarter of 2004. Together, those shows are projected to attract nearly 380,000 total convention attendees to Las Vegas. This represents an increase of approximately 21 percent over the same time frame of 2003. According to the … [Read more...] about May 2004: Nevada Briefs
Paying for Choice: Private Schools in Nevada
The spectrum of private education in Nevada is wide, encompassing high- and low-income families, gifted children and students with learning difficulties. Of the 407,217 kindergarten-through-twelfth grade students in the state, 17,894 attend a private educational institution. A private educational experience generally comes with a hefty price tag. Religious schools tend to be … [Read more...] about Paying for Choice: Private Schools in Nevada
Shopping for Success: Retail Market Overview
Northern Nevada "Retail in Reno/Sparks is absolutely off the charts," statedGary Johnson, senior vice president at Colliers International in Reno. "We have over 3.5 million square feet on the drawing board. We usually average between 350,000 and 450,000 square feet of absorption per year, so that’s a huge number for us. We have four big boxes currently under construction (two … [Read more...] about Shopping for Success: Retail Market Overview
Northern Nevada’s Tourism Outlook: Doomed or Dynamic?
Question: At the Northern Nevada Gaming Summit on February 19, gaming consultant Mike Meczka said Reno’s future would be as "a gaming market dependent upon locals, with decreasing visitor and tourism counts." He also said, "Washoe County has nothing unique left to offer. There are many other markets that are able to make the claim ‘four-season recreation resort meeting … [Read more...] about Northern Nevada’s Tourism Outlook: Doomed or Dynamic?
Loss of Valuable Computer Data: How to Reduce the Risk
A fire ravaged through your office building. Soot and water covers everything the fire didn’t destroy. How do you recover your electronic data, such as accounting and other valuable documents you left behind last night? If you are prepared and have off-site backups, how long will it take to restore that data – and how old are these backups? Running a business is all about … [Read more...] about Loss of Valuable Computer Data: How to Reduce the Risk
Nevada Cancer Institute Well Underway: Building and Research Both Progressing
The Nevada Cancer Institute (NVCI) recently broke ground on its flagship facility in Las Vegas. The building, located on five acres of land in Summerlin at Town Center Drive and I-215, is uniquely designed to foster scientific research and discovery, while maintaining the comfort of cancer patients. The $52 million, four-story facility will be outfitted with state-of-the-art … [Read more...] about Nevada Cancer Institute Well Underway: Building and Research Both Progressing
Priority One Commercial: Overcoming Challenges, Building Success
Every now and then, Cynthia Inman glances at an old thank-you letter she received from a client. Years ago, the client worked with Inman, a real estate broker, to find office space for his creative group. Although his company didn’t end up moving, he appreciated Inman’s customer-service style and leased an even bigger office space from her when his firm expanded seven years … [Read more...] about Priority One Commercial: Overcoming Challenges, Building Success
April 2004: Building Nevada Briefs
Southwest Pavilion Shopping Center Sold Southwest Pavilion shopping center, an 86,000-square-foot, grocery-anchored shopping center located on South Virginia Street in Reno, has been sold to a private investor in a transaction valued at $11.45 million. Current tenants include Scolari’s Food and Drug, Talbot’s and Scandia Down. Michael Federle of Grubb & Ellis’ San … [Read more...] about April 2004: Building Nevada Briefs
April 2004: Business Indicators
The U.S. economy, at least as measured by spending and income, shows clear signs of having weathered financial hubris, terrorist attacks, recession and heightened uncertainty about war. Economic expansion is underway. Conditions have not returned to the strong boom of the late 1990s. However, through the first half of 2003, things look better today than in 2001. In short, the … [Read more...] about April 2004: Business Indicators
April 2004: Business Up Front
Baby Boomers Growing Up at Last? In the past 10 years, as affluent baby boomers have come closer to retirement age, they have begun to think more about their financial futures, according to a national study commissioned by AXA Financial, Inc. In 2003, 43 percent of boomers cited having adequate resources in retirement as their greatest economic concern, up from 26 percent in … [Read more...] about April 2004: Business Up Front
The Crisis of Growth: Danger or Opportunity
The Chinese symbol for "Crisis" is composed of two other symbols: "Danger" and "Opportunity." There’s been a lot of talk over the last few years, especially in Southern Nevada, about the problems associated with growth: traffic jams, water shortages, lack of affordable housing, etc. Anti-growth or slow-growth movements are nothing new in both ends of the state. Now the Clark … [Read more...] about The Crisis of Growth: Danger or Opportunity