In its monthly Industry Outlook series, Nevada Business Journal gathered with economic development agencies in the Nevada area to discuss the various challenges and benefits of their organizations. They confronted concerns such as funding for economic development, competition, economic diversification and recruiting employees to rural areas. Connie Brennan, publisher of the … [Read more...] about Industry Focus: Economic Development – Laying the Groundwork for Nevada’s Future
1986-2006 Twenty Years of Covering Nevada Business News
Remember 1986? Most offices had an IBM Selectric typewriter, but not every office had a computer. Fax machines were brand-new, expensive technology. For junior executives and middle managers, beepers were a “must-have” accessory, but if you were a real mover-and-shaker in the business world (or wanted to be) you had a brick phone installed in your car. The Internet was confined … [Read more...] about 1986-2006 Twenty Years of Covering Nevada Business News
Telecom: Past, Present, & Future
It has been more than a century since the president of Western Union foolishly rejected a chance to buy the patents for a novel new invention called the telephone. The decision was one of the worst corporate mistakes ever, but a valuable lesson was learned – to succeed in telecommunications, you have to stay ahead of the curve. In 2006, Nevada’s major telecommunications … [Read more...] about Telecom: Past, Present, & Future
Rising Construction Costs: Creative Solutions Needed
Nevada’s economy and steady job growth are attracting record numbers of new residents, causing a rapid urbanization in the state’s major cities. Developers and investors are now fast-tracking projects in order to meet the demand for services ranging from offices and homes, to shops and restaurants. The state’s unprecedented development activity has taxed its contractors and … [Read more...] about Rising Construction Costs: Creative Solutions Needed
After Twenty Years We’re Still Looking Out for You
Since March 1988, when we purchased the two year-old Nevada Business Journal magazine, we have been the voice of Nevada’s business community, speaking out against higher taxes and government regulations and warning voters about political dirty tricks. On the occasion of the magazine’s 20th anniversary, we reviewed some of the topics the magazine has covered in its Commentary … [Read more...] about After Twenty Years We’re Still Looking Out for You
March 2006: Building Nevada Briefs
Work Begins on North Buffalo Business Center Investment Equity Development recently announced that it has broken ground for the North Buffalo Business Center, located just north of the Buffalo and Cheyenne intersection in northwest Las Vegas. The $6 million project is slated for completion summer 2006. The development will include two 10,000-square-foot single-story … [Read more...] about March 2006: Building Nevada Briefs
Glen, Smith & Glen Development: Bringing New Concepts to Southern Nevada
Glen, Smith & Glen Development Co. is making an impression on the Las Vegas Valley with a signature style that is changing the way people think of professional office parks. The firm was founded in 2002 by the husband and wife team of Alan and Samantha Glen and partner Kenneth Smith. A developer since the 1960s, Alan Glen made a name for himself working on major office … [Read more...] about Glen, Smith & Glen Development: Bringing New Concepts to Southern Nevada
March 2006: Business Indicators
It has been a splendid year for the Nevada economy. Job growth for 2005 reached 5.8 percent, 7.0 percent and 3.3 percent levels for Nevada, Las Vegas and Reno, respectively. This strong picture comes at a time in which the national job growth increased modestly, up 1.5 percent. Moreover, Nevada’s strong growth in 2005 follows impressive growth in 2004, while U.S. jobs grew only … [Read more...] about March 2006: Business Indicators
Project New Hope: Improving Children’s Quality of Life
According to the U.S. Census Bureau, approximately 17 percent of Nevada’s children under 18 are uninsured, an abysmal 49th in a state-by-state ranking. While it’s a sad fact that serious injuries and illnesses are consequently left untreated, those medical issues that are considered "cosmetic" stand no chance of receiving treatment. Yet, don’t these issues have a serious impact … [Read more...] about Project New Hope: Improving Children’s Quality of Life
Alternative IRA Investments: Yes, You Can Include Real Estate
Forty-six million taxpayers have some type of Individual Retirement Account (IRA), collectively holding more than 2.5 trillion – yes trillion – dollars. In 2000 alone, more than $36 billion was added to these accounts. That’s a lot of nest eggs. The majority of these funds are invested in traditional investments such as stocks, bonds, mutual funds, CDs and annuities. So, it … [Read more...] about Alternative IRA Investments: Yes, You Can Include Real Estate
March 2006: Nevada Briefs
Nevada Film Office Reports Revenues Lieutenant Governor Lorraine Hunt, Chair of the Nevada Commission on Economic Development, which oversees the Nevada Film Office, recently announced that revenues for calendar year 2005 reached approximately $102.5 million, which continues a six-year trend for Nevada of exceeding the $100 million mark. Television series, specials, reality … [Read more...] about March 2006: Nevada Briefs
Promoting Failure: Or, How to Ruin a Good Employee
This scenario has happened to every boss: you promoted into a leadership position a great employee who was motivated and performed well in his last position. However, within a few months, he is not meeting your performance expectations. As a result, you are considering demoting or terminating him. What went wrong? All too often, the wrong people are promoted for the wrong … [Read more...] about Promoting Failure: Or, How to Ruin a Good Employee
Questions for the Candidates: Where Do They Stand?
Nevada Business Journal sent questionnaires to the five major candidates for governor of Nevada (Bob Beers, Jim Gibbons, Jim Gibson, Lorraine Hunt and Dina Titus) to see where they stood on several important issues. Jim Gibson and Dina Titus declined to participate. Here are the responses sent in by the others. Candidate Profile: Name: Bob Beers Age: 46 Political … [Read more...] about Questions for the Candidates: Where Do They Stand?
March 2006: Speaking For Nevada
On the occasion of our 20th anniversary issue, we asked former governors of Nevada to answer the following question: "What measure passed by Nevada’s Legislature since 1986 will have the greatest long-term effect on Nevada’s business community?" Legislators Deserve Praise for Restraint Robert List (1979-1983) Recognizing that Nevada has been the fastest-growing … [Read more...] about March 2006: Speaking For Nevada
Bank of America: Planning for Future Growth
George W. Smith, president of Bank of America – Nevada, is kept busy finding ways to keep up with growth in the Nevada market. Bank of America opened 19 new branches in the past three years in Southern Nevada, providing a total of 52 banking centers and 213 ATMs in Las Vegas alone. On the drawing board is the development of more than 10 new banking centers over the next two … [Read more...] about Bank of America: Planning for Future Growth