Corporate giving is not static and unchanging, but rather an evolving process dependent on economic realities for companies that choose to give back to the communities in which they’re doing business. “It’s a concept of partnership,” said Michael Brown, executive director and vice president of corporate affairs, Barrick North America. “We’re in the mining business, but we’re … [Read more...] about Giving Back
Nevada’s Residential Housing Market
One of the first questions that comes up during a discussion of the residential housing market is whether it’s a buyer’s or a seller’s market – who’s got the advantage? After the housing bubble burst in 2006 and the events of the recession, Nevada’s housing market began to grow again over the last four years, with 2013 stronger than 2014, and 2015 looking a lot like 2013. … [Read more...] about Nevada’s Residential Housing Market
NAIOP Strong
By relying on the strong foundation formed by its members, and finding new ways to serve those members, NAIOP Southern Nevada has come out of the economic downturn stronger than ever. The premier association for commercial real estate professionals, NAIOP, the Commercial Real Estate Development Association, offers educational and networking opportunities, and also serves as … [Read more...] about NAIOP Strong
Where the Mind Matters: Intellectual Property
Intellectual property (IP) is where thoughts and ideas meet the material world and is commonly defined as any work or invention that’s come about as the result of creativity. A strength to the business that owns it, IP is considered an asset in bankruptcy proceedings, can be sold or lost and needs to be protected by the company that owns the property. “Intellectual property … [Read more...] about Where the Mind Matters: Intellectual Property
Industry Blueprint: The New Normal for Architects and Engineers
The construction industry is still rebuilding after the recession. One of the hardest hit industries, construction employment declined nationally by 13.7 percent during the downturn, according to the U.S. Bureau of Labor Statistics. “In Las Vegas, construction didn’t really slow down,” said Robert Finnegan, PE, Finnegan Erickson Associates (FEA). “It stopped.” That stopage … [Read more...] about Industry Blueprint: The New Normal for Architects and Engineers
Tech in Nevada
Economic development in Nevada has a direct, deliberate, effect on Nevada’s technology industry. Then again, Nevada’s technology industry is having a definite effect on economic development. It’s like the old Reese’s Peanut Butter Cups commercials – where the collision of chocolate and peanut butter create a happy symbiosis. In this case, the combination is intentional. … [Read more...] about Tech in Nevada
On the Job: Subcontractors Critical to Construction Industry
Subcontractors are the building blocks of residential and commercial construction. They’re the ones doing the foundation, framing, drywall, glass, plumbing. Without subcontractors, projects go nowhere. “Subcontractors are crucial in anything that gets done around this town, especially on the building end of the work,” said Lance Semenko, chief operating officer, Q&D … [Read more...] about On the Job: Subcontractors Critical to Construction Industry
Education: The Key to Success
A high school graduate, entering the workforce in Southern Nevada directly after graduation, earns on average $6,000 more annually than a non-graduate. At a very basic level, that’s the effect of education on the economy. Education affects more than workforce, more than the economic development that comes as a result of the talents and training of employees and more than the … [Read more...] about Education: The Key to Success
Trending in Henderson
From a company town to a city companies want to be in: Henderson has trended towards the feel of a hometown community while evolving to meet the needs of residents and businesses. In the 1930s, Henderson housed builders working on Boulder Dam. During World War II the Basic Magnesium Plant in Henderson processed magnesium. Those workers left after the war, but Henderson … [Read more...] about Trending in Henderson
Building a Healthy Economy
Until recently, the term “medical tourism” largely referred to Americans traveling out of the country looking for affordable healthcare in technologically advanced but less expensive venues, from Mexico to Thailand and parts in between. Now the term is starting to come home, often referring to domestic travel of American citizens within U.S. borders, traveling to find the … [Read more...] about Building a Healthy Economy
A Developing State: Growing Economy Encourages New Projects
As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...] about A Developing State: Growing Economy Encourages New Projects
Game Changers: Economic Development in Nevada
Nothing paints a clearer picture of the results of economic development than the Silver State. Nevada has transitioned from a state with the highest unemployment rates in the country to a state welcoming Tesla to its economy, breaking ground on a 12,000-home master planned community, launching one of the first-of-its-kind interactive medical communities with Union Village and … [Read more...] about Game Changers: Economic Development in Nevada
Go Anywhere From Here: Nevada’s Transportation System
When Tina Quigley became general manager of the Regional Transportation Commission of Southern Nevada (RTC) she and her team went promptly to talk with officials in metropolitan areas where they’ve created transportation plans that were both funded and built, and had community support behind them. The common message from leaders in those communities was that even a public … [Read more...] about Go Anywhere From Here: Nevada’s Transportation System
NAIOP Works for Southern Nevada’s Commercial Real Estate Industry
As an organization, it’s clear that NAIOP works. The commercial real estate development association serves as the premier trade organization for commercial real estate development professionals in Southern Nevada. Membership includes brokers and developers as well as general contractors, bankers, architects, engineers, title companies and attorneys. In large part, it’s the … [Read more...] about NAIOP Works for Southern Nevada’s Commercial Real Estate Industry
Nevada’s Residential Market: A Season of Change
For the last two years, Nevada’s residential housing market has seen substantial rebound, with significant effect on prices. Lowered median home prices have created low inventory and a seller’s market, which in turn impacted distressed properties and neighborhoods. “People are a lot smarter today, having learned from mistakes that occurred in the market; buyers are much … [Read more...] about Nevada’s Residential Market: A Season of Change