NCED Offers Incentives to Companies Moving to Nevada The Nevada Commission on Economic Development (NCED), chaired by Lieutenant Governor Brian Krolicki, has granted tax abatements to four companies for relocation and expansion efforts in Nevada that will result in more than $5 million in capital investment and 61 new jobs. Micro-lending expands in Rural Nevada through USDA … [Read more...] about March 2011: Around the State
Departments
Amelia R. Hyden: AMC of Southern Nevada
President & CEO Las Vegas Number of Employees: 40+ Years in Nevada: 20+ Years with Company: 2 What business advice would you give someone just starting in your industry? For any new business owner, make sure that you have a love and passion for what you are trying accomplish. What is a little known fact about yourself? I love to write poetry. People … [Read more...] about Amelia R. Hyden: AMC of Southern Nevada
A Silver Lining Among the Storm Clouds: Recession drives better state budgeting practices
They say there’s a silver lining to every cloud. And Nevada currently faces a big cloud. Nevada is suffering through its deepest economic recession in generations. Its unemployment rate lingers above 14 percent — highest in the nation. If discouraged and underemployed workers is included, as was the practice during the Great Depression, Nevada’s effective unemployment rate … [Read more...] about A Silver Lining Among the Storm Clouds: Recession drives better state budgeting practices
Residential Foreclosures: How the mortgage process is changing in Nevada
The avalanche of foreclosures over the past few years has resulted in many changes to both the nation’s banking laws and Nevada’s residential mortgage foreclosure process. Many of these changes seek to provide greater protections to homeowners against perceived lender abuses. Stricter procedures on how banks can foreclose on a home may also be on the horizon. Until the … [Read more...] about Residential Foreclosures: How the mortgage process is changing in Nevada
Office Summary: Fourth Quarter 2010
Las Vegas The Las Vegas Valley office market turned downward again as vacancies rose amid additional price declines. While no new space completed construction during the quarter, the market reported 118,800 square feet of negative net absorption, pushing the vacancy to a new high of 24.2 percent. For all of 2010, a record low 105,800 square feet completed construction … [Read more...] about Office Summary: Fourth Quarter 2010
March 2011: Business Indicators
The U.S. economy continues an uneven recovery from its deepest recession since the Great Depression. The preliminary estimate of real GDP growth for fourth quarter 2010 was 3.1 percent at an annualized rate—considerably stronger than the 2.5 percent figure posted for third quarter 2010. U.S. nonfarm employment rose by a meager 36,000 jobs (seasonally adjusted) in January, … [Read more...] about March 2011: Business Indicators
If you had the opportunity to meet with President Obama, what would you ask him?
“Can history repeat itself? What measures does our government have in place to ensure we do not end up like Argentina?” Tom Naseef • President, Coldwell Banker Commercial “One of your many campaign promises was to make government much more transparent. I was encouraged, because it would hopefully eliminate some of the back-door deals and the people would finally be privy … [Read more...] about If you had the opportunity to meet with President Obama, what would you ask him?
February 2011: Around the State
Nevada Tops Nation for Expending Energy Stimulus Funds According to the National Association of State Energy Officials, Nevada ranks number one in the U.S. for the percentage of Energy Efficiency and Conservation Block Grant funds expended with 91 percent. Kentucky is second at 59 percent and the national average stands at 18 percent. Nevada received $9,593,500 from the … [Read more...] about February 2011: Around the State
Kimberly Miles: The Payroll Company
President Las Vegas Number of Employees: 14 Years in Nevada: 15 Years with Company: 10 What inspired you to get into your industry? I actually got into the payroll industry when I was selling long distance services toward the beginning of my career. My manager moved to a national payroll services company and I wanted to continue working with him so I went … [Read more...] about Kimberly Miles: The Payroll Company
TAX – It’s About the Margin: Even low tax rates can kill businesses and cause unemployment.
"This tax isn’t going to put anyone out of work!” lawmakers and pundits cried in 2009 as they debated whether to double the state’s modified business tax. “It’s only 1.17 percent!” Yet, even “small” taxes impact business. Sure, not all of the 24,790 individuals who are newly unemployed since the Nevada Legislature’s 2009 tax hikes took effect can directly attribute their … [Read more...] about TAX – It’s About the Margin: Even low tax rates can kill businesses and cause unemployment.
Russ Romine: Griffin Global Logistics
President Reno Number of Employees: 70 Years in Nevada: 35 Years with Company: 20 What inspired you to get into your industry? In college I developed a strong interest in international trade. I worked for a trucking company loading trucks at night handling international cargo. As I advanced though the company and then graduated, I had the opportunity to go to work … [Read more...] about Russ Romine: Griffin Global Logistics
January 2011: Around the State
FDIC Lifts First Asian Bank’s Regulatory Order The Federal Deposit Insurance Corporation (FDIC) has terminated the consent order issued against First Asian Bank in April of last year. This termination acknowledges that the bank has met specific regulatory compliance requirements and has made improvements to its operations. The bank retained the services of financial advisors … [Read more...] about January 2011: Around the State
Retail Summary: Third Quarter 2010
Las Vegas Vacancies declined for the second consecutive quarter, and average asking rents among anchored-retail centers showed signs of continued weakness. At the close of the third quarter of 2010, the vacancy rate fell a modest five basis points to 10.7 percent compared to the previous quarter. Compared to the same period of the prior year (Q3 2009), the vacancy rate … [Read more...] about Retail Summary: Third Quarter 2010
January 2011: Business Indicators
The U.S. economy continues its slow recovery from recession. For third quarter 2010, estimated real GDP growth was revised upward to a 2.5 percent annualized rate, which is stronger than the 1.7 percent figure for second quarter 2010. U.S. nonfarm employment rose by a tepid 39,000 jobs (seasonally adjusted) in November, marking the second consecutive month of increases. In … [Read more...] about January 2011: Business Indicators
“What is your biggest concern in the upcoming legislative session?”
“The Nevada Development Authority wants to make sure economic diversification and support remains a top priority for the state. Relocating and expanding businesses to Nevada is crucial in tackling the unemployment rate and allowing our state to have a viable future.” Somer Hollingsworth • President and CEO, Nevada Development Authority “Focus again on how to raise more … [Read more...] about “What is your biggest concern in the upcoming legislative session?”