In an effort to diversify Nevada’s economy away from over reliance on travel and tourism, hospitality and gaming, economic development authorities throughout the state continue to work to find the perfect industries for Nevada’s business-friendly tax climate, wide-open spaces, multi-modal transportation systems and easy access to the 11 western states. In 2011, the … [Read more...] about Finding our Niche: Distribution Centers in Nevada
Building Nevada
Property Management: Operating Lean and Mean
The core responsibilities of a property manager, whether commercial or residential, are to collect rents or homeowners’ association dues, pay bills, manage properties for the owners or homeowners associations and oversee vendors’ provision of services. “It’s not about just collecting rents. It’s about managing the entire process of a building from cost expense to revenue to … [Read more...] about Property Management: Operating Lean and Mean
Business Financing: An Economic Bright Spot
The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession. Capital is available. Businesses are seeking financing, and lenders are closing loans. “Things are definitely looking up,” said Bob Francl, executive vice president and regional manager of First Independent Bank, which serves clients primarily … [Read more...] about Business Financing: An Economic Bright Spot
Risk Management: A Necessary Consideration
As president and owner of Heuer Insurance Company in Sparks, Larry Heuer is well aware of the catastrophic losses businesses have the potential to experience if they don’t practice appropriate risk management. As an example of sound risk management, however, he chooses to remember a client who suffered a large loss due to a fire caused by a tenant in one of his upscale … [Read more...] about Risk Management: A Necessary Consideration
Housing Market: Honing in on Homes
With increasing sales and home values, Nevada’s housing market shows signs of recovery and strength not seen in recent years. “We’re on a good path right now,” said Patti Kelley, president of the Nevada Association of Realtors (NAR), a group that provides services to its members and advocates for private property rights. “We’re pulling out of the worst of it and finally … [Read more...] about Housing Market: Honing in on Homes
Architects & Engineers: Creating Opportunities
Nevada’s architects and engineers particularly were hard hit when the state’s residential and commercial real estate activities abruptly stopped and the recession began. Numerous firms downsized their staffs and operations. Economic conditions forced many of these professionals to leave Nevada for available jobs in other states or remain in the Silver State and pursue a … [Read more...] about Architects & Engineers: Creating Opportunities
Cash Flow & Collections: Making Accounts Receivable Perform for Your Business
Nobody likes to talk about money. Most of us were raised to feel it’s uncouth. For polite society, that’s not such a bad guideline. But for businesses trying to maintain the bottom line, talking about money is a necessity – as is asking for it from clients and making certain it gets paid. In the wake of the economic downturn, collections agencies are seeing fewer accounts … [Read more...] about Cash Flow & Collections: Making Accounts Receivable Perform for Your Business
Filmmaking in Nevada: Lights, Camera, Action!
Level Playing Field isn’t the name of a new big-budget film -- but it is the dramatic ending that moviemakers are hoping for in order to bring their production companies to Nevada. And the economic payoff if the state provides that level playing field could well prove to be a blockbuster. While just about anyone can name off the top of his head a bunch of movies filmed … [Read more...] about Filmmaking in Nevada: Lights, Camera, Action!
Thinking ahead: The Ins and Outs of Business Insurance
Business insurance exists for one reason: to protect your business from essentially two categories of threat – those arising from people in our litigious society where anyone who owns a business can be considered a deep pocket target, and where damage caused by your business’s product or advice is actionable; and to protect against Mother Nature and all her occasionally … [Read more...] about Thinking ahead: The Ins and Outs of Business Insurance
The Survivors: Builders and Developers in Nevada
The economic downturn in 2007 left both residential and commercial developers and builders in the Silver State scrambling for work. Many were forced to downsize their staffs, and some even closed their doors. “Since 2008, the development business has been a fraction of what it was,” said Doug Kiersey, president of Dermody Properties, a Reno-based industrial … [Read more...] about The Survivors: Builders and Developers in Nevada
Gaming: Betting on a Comeback
Nevada’s gaming industry today continues to recover, with some regions faring better than others. “Both Southern and Northern Nevada markets are struggling right now,” said John Farahi, CEO of Monarch Casino & Resort Inc., which owns Atlantis Casino Resort Spa, in Reno. State gaming revenue has been picking up slowly since it took about a $2.4 billion hit when the … [Read more...] about Gaming: Betting on a Comeback
Rural Nevada: Unique Opportunities in Unique Communities
The answer to how to succeed in business without really trying is not as complex as you may think. Business owners should tune their ears in to what is happening in rural Nevada. They may be pleasantly surprised at all they will learn ranging from the mining boom in Elko to the interesting products that are made in Nevada. “Every rural community in Nevada is unique in character … [Read more...] about Rural Nevada: Unique Opportunities in Unique Communities
Government Contractors: Working with the System
Government contractors provide a lot to the state of Nevada -- and it isn’t always easy. Vying for contracts at any time, but especially in an ailing economy, can be competition at its most cutthroat, and partnering with the largest bureaucracy in the history of the human race is a complex undertaking. Fortunately for Nevada, companies persevere, bringing with them … [Read more...] about Government Contractors: Working with the System
The Green Light: Transportation in Nevada
There remains a good degree of uncertainty in Nevada’s transportation sector but also plenty of determination, innovation and well justified optimism. Money is tight and legislative action often unpredictable, of course. But work on many fronts is proceeding, with a raft of projects being completed, green-lighted or planned in an industry that by its very nature spurs growth … [Read more...] about The Green Light: Transportation in Nevada
The Economics of Art: Nevada’s arts and culture
Financial challenges experienced by Nevada residents are mirrored by Nevada arts and culture organizations. During the economic downturn Nevada is still working to bounce back from, some Nevada arts organizations have thrived, some have come into being and some have closed their doors. While going through a recession, the arts may seem like a luxury Nevadans can’t afford. … [Read more...] about The Economics of Art: Nevada’s arts and culture