The construction workers who left Nevada during the darkest days of the recession are coming back. However, construction executives are beginning to worry — not a lot, but a little — whether the flow of workers will be enough to meet the needs of an industry that’s recovering quickly. Some executives, in fact, have said they’re already beginning to bump into tight … [Read more...] about Building & Development: A Rebounding Industry
Office in Nevada: A Perspective Shift
Nearly a decade after the recession left yawning vacancies in office properties across Nevada, buildings are finally beginning to fill. Whether the rising occupancy justifies speculative new development — particularly in the Las Vegas area — remains an open question. Applied Analysis estimates the office vacancy rate in Southern Nevada stood at 19.8 percent in the first … [Read more...] about Office in Nevada: A Perspective Shift
Developing Big Boxes: Growth in Nevada’s Industrial Market
That sound that developers of industrial properties hear in the background is the ticking of the clock counting down the longest-lived economic recovery since World War II. But although the ticks are growing louder, demand for space from new and expanding industrial companies keeps developers busy in Las Vegas and Reno alike. The reasons for the boom are a well-told … [Read more...] about Developing Big Boxes: Growth in Nevada’s Industrial Market
Carefully Planned: Architects and Engineers in Nevada
Like the fellow who narrowly escaped drowning, executives of architectural and engineering firms in Nevada are really cautious as they venture back into the water. Obviously, industry executives are thrilled they’re landing a steady stream of new work as the development and construction sectors come back to life but, they’re wary of once again getting into deep water too … [Read more...] about Carefully Planned: Architects and Engineers in Nevada
Connecting to Tomorrow: Telecommunications in Nevada
Telecommunications providers in Nevada find themselves spinning in a virtual cycle. More telecommunications capacity continues to come on line, either through incremental improvements to networks or massive construction projects. Just about as fast as capacity increases, business users of voice and data service want powerful new devices and sophisticated data-and-voice tools … [Read more...] about Connecting to Tomorrow: Telecommunications in Nevada
Crunching the Numbers: Tax Planning and Accounting in the Silver State
Despite all the thunder, lightning and tumult that surround the federal government in this election year, taxpayers are catching a break as they develop their tax-reduction strategies. At the end of 2015, Congress moved to make 20 tax-relief provisions permanent, which removes the year-end guessing games that bedeviled taxpayers and their advisors in recent years. “We’re not … [Read more...] about Crunching the Numbers: Tax Planning and Accounting in the Silver State
Rural Nevada: All Boom No Bust
The price of gold has been hovering around $1,300 an ounce lately, down more than 25 percent from its peak of over $1,800 in 2011. In times past, that would have been a sure signal for the bottom to fall out of the economy in many of Nevada’s rural counties, for which the boom-and-bust cycles of the mining business come as regularly as a spectacular desert sunrise. But, … [Read more...] about Rural Nevada: All Boom No Bust
Back to Work: Human Resource & Employment Issues
Gilda Radner’s comic creation, Roseanne Roseannadanna, pretty much summed up the situation of Nevada’s employers: “It’s always something.” The state’s economic recovery makes good workers harder to find, and top employees are beginning to hear the siren song of recruiters who want to woo them away. That’s putting upward pressure on wages just when employers are getting the … [Read more...] about Back to Work: Human Resource & Employment Issues
Homeland Security and Defense in the Silver State
Regardless of what a grumpy traveler delayed by airport checkpoints may tell you, Homeland Security provides an important framework that ensures that key elements of Nevada’s economy continue to thrive. During the first seven months of this year, approximately 11.5 million people came through security checkpoints on their way to board flights at McCarran International … [Read more...] about Homeland Security and Defense in the Silver State
The Lending Window is Open: Financing in Nevada
Owners of small and medium-sized companies in Nevada increasingly seek bank loans to finance their growth into new and expanding markets as the state’s remarkable economic rebound continues. The good news: As the recession slips farther into the past, many companies are beginning to show three, four or five years of the solid financial performance that bankers want to see … [Read more...] about The Lending Window is Open: Financing in Nevada