Economic conditions were mixed a year ago. There were very few signs in early 2008 that hinted at severe economic turbulence was on the horizon. Financial conditions weakened by spring, however. The Federal Reserve and the U.S. Treasury came to the rescue, believing that firms were caught in illiquid positions, that is, they had too much long-term investments and too little … [Read more...] about February 2009: Business Indicators
Sheldon Colen: SCA Design
Principal & Founder Henderson Number of Employees: 12 Years in Nevada: 13 Years with Company: 13 Describe your leadership style: I believe in leading by example. I find that my employees are happier when, at crunch time, we all work side by side as a team to get the project done. The long hours are not an issue because we are having fun doing the work together. … [Read more...] about Sheldon Colen: SCA Design
The Power Of The PERS: The Legislature should rein it in
In light of recent turbulence within the economy, many Nevadans now have serious concerns about their future. Unless they are paid with taxpayers dollars, that is. The Nevada Public Employees’ Retirement System (NV PERS) is a wondrous institution — one wonders why policymakers have allowed it to continue so long as currently structured. No retirement system of its kind could … [Read more...] about The Power Of The PERS: The Legislature should rein it in
State the Issues: Should the state constitution be amended to include an annual property tax cap?
YES Nevada’s current tax law effectively nullifies our constitutional guarantee of the right to the pursuit of happiness which our founders clearly understood to include the right to own property. Property owners bear unequal tax burdens because the system lacks uniformity in both method and value. The current “tax abatement” program established by the 2005 Nevada … [Read more...] about State the Issues: Should the state constitution be amended to include an annual property tax cap?
February 2009: Business Up Front
Government Services Increase In Approval Harris Interactive reports that recent survey results reflect a more positive attitude to government in general compared to three years ago. A major reason for this change is surely a decline in the belief that “government is the problem” and a stronger belief that “government is part of the solution” – as a result of the economic and … [Read more...] about February 2009: Business Up Front
Most Respected CEOs
Chief executive officers are held accountable for the success (or failure) of their organizations. The decisions they make are critical to the operations and future viability of their companies. They have an immense responsibility to set the standard for the organization and the direction for the future. In these trying economic times, their jobs are especially difficult as … [Read more...] about Most Respected CEOs
February 2009: Nevada Briefs
NAIOP Study Indicates Amount of Available Land Key to Economy A study was released by NAIOP’s Southern Nevada Chapter which reports, that despite the current market conditions, the increasing scarcity of land (that could be used for industrial development) in the Southern Nevada region will negatively impact the regions economy over time. It was cited that if Southern Nevada … [Read more...] about February 2009: Nevada Briefs
How will your business be impacted if the Employee Free Choice Act is passed?
Sharon Powers, President & CEO, N. Las Vegas Chamber of Commerce The Employee Free Choice Act takes away the rights of workers to a private vote and undermines the ability of employers to bargain in good faith with their employees. Card Check is dangerous to all sizes of business as it will give unions an unfair advantage. Timothy E. Rowe, Partner, McDonald Carano … [Read more...] about How will your business be impacted if the Employee Free Choice Act is passed?
Landscaping: Economy and water shape the future
Since 2000, Las Vegas-based Green Planet Landscaping has been operating with 10 to 12 work crews, projects lined up for at least two months out and never experienced a slowdown during winter. In September, however, owner and president, Damon Lang, began seeing business drop off and clients who already were scheduled for service cancel their orders. Consequently, Green Planet … [Read more...] about Landscaping: Economy and water shape the future
January 2009: Business Up Front
Original Bailout Loses Its Luster A recent poll released by the Gallup Organization says that for the first time since its passage by Congress in October, Americans have flipped from being more positive than negative on the Wall Street bailout. The first poll conducted just after the bill’s passage had it favored by Americans 50 percent to 41 percent; the same question in … [Read more...] about January 2009: Business Up Front
Retail Market Summary: Third Quarter 2008
Las Vegas The Las Vegas commercial retail sector continues to be impacted by the current economic climate, a deteriorating housing market and low consumer confidence levels. Fundamentals within the market prompted the closing of various retail outlets over the past several quarters, with additional closures possible. Several national retailers have recently entered bankruptcy … [Read more...] about Retail Market Summary: Third Quarter 2008
Don Wilkerson: Gaston & Wilkerson Management Group
President & CEO Las Vegas, Reno Number of Employees: 78 Years in Nevada: 49 Years with Company: Founded 19 years ago Describe your leadership style: Permissive. I like subordinates to take part in decision making and also give them a considerable degree of autonomy in completing routine work activities. Biggest business challenge: There are a few: … [Read more...] about Don Wilkerson: Gaston & Wilkerson Management Group
Outstanding Board Members
Organizations throughout the state depend on a strong board to serve their membership. The countless individuals that donate their time, energy and talents to serve various non-profit entities, go largely unrecognized. In this issue of Nevada Business, we honor professionals that have gone beyond expectation and have shown a strong commitment to the organization they … [Read more...] about Outstanding Board Members
Nevada’s Manufacturing and Distribution Industries: Meeting a myriad of challenges
Business in Nevada is reflective of the nation as a whole—rampant uncertainty. A decrease in consumer spending impacts both manufacturing and the distribution of goods and a slow economy creates a cash flow problem across the board. “Not only do you have to be concerned about the financial health of your own company,” said Greg Sanders, vice president and general manager of … [Read more...] about Nevada’s Manufacturing and Distribution Industries: Meeting a myriad of challenges
Industry Focus: Accounting
Recently, ten executives, representing some of Nevada’s top CPA firms, gathered at the office of Holland & Hart, LLP to discuss the challenges of implementing a number of new accounting standards, the evolution of the industry and how the demographics of the industry are changing and presenting their own challenges. Connie Brennan, publisher of Nevada Business, served as … [Read more...] about Industry Focus: Accounting