Welcome to 2024. Following three years of economic extremes, from historic high unemployment and business lockdowns to the pandemic-caused bust and stimulus-caused boom, it's been a ride. The Governor's Economic Advisory Council, launched in tumultuous 2020, is lead by Bob Potts, deputy director, Governor's Office of Economic Development (GOED). The council collects data … [Read more...] about Extreme Takeoffs and Soft Landings
Cover Story
Most Respected Leaders 2023
“Knowledge will give you power, but character respect.” —Bruce Lee True respect, the kind that good leaders garner, isn’t freely given. This type of respect is earned through a million small decisions that are witnessed by peers and the quiet leadership that builds successes. The 2023 Class of Most Respected Leaders (MRL) have earned this respect. Their … [Read more...] about Most Respected Leaders 2023
Not So Risky BusinessWhat To Know About Business Insurance
"The insurance industry has been around forever," said Scott Kerestesi, CEO, Cragin & Pike. "It started with ships sailing across the ocean with goods and when [there was an event], it took forever for things to happen. When a building burns down it takes six, nine, 12 months to rebuild. Today with cyberattacks it's like, 'Hey, we've been hacked and we need to know what to … [Read more...] about Not So Risky Business
The Evolving Face of CybersecurityThreats and Counteroffensives
"Imagine walking into your office Monday morning and every computer has a ransom note on it," challenges Sean Connery, chief security officer, Orbis Solutions. "All your data has been encrypted so that you cannot process it. The bad actors most likely have been in your system for days, if not months, and deleted all your backups. [They] know how much your insurance will pay … [Read more...] about The Evolving Face of Cybersecurity
How Nevada Stacks Up2023
Much like the rest of the nation, Nevada has both strengths and weaknesses. Although hit hard during the recent pandemic, the Silver State now boasts a thriving travel and tourism industry and numbers that reflect a strong housing market. And for businesses looking to start up or relocate, Nevada shines with its tax friendly business environment and low energy costs. However, … [Read more...] about How Nevada Stacks Up
Women to Watch 2023
Women leaders are unique in a number of ways. Facing challenges that differ significantly from their male counterparts, women in industry typically juggle an active family life with a busy business schedule. The women in the following pages put the "class" in the 2023 Class of Women to Watch. They are tenacious and powerful women who are leaders in their chosen … [Read more...] about Women to Watch 2023
Tourism in NevadaThe Wealth of a State
“We’ve seen a lot of diversification in the economy throughout the state over the last ten to fifteen years,” said Ben McDonald, senior director of communications and public affairs with the Reno-Sparks Convention and Visitor’s Authority. “It’s created a much healthier, vibrant and sustainable economy for the state. But, tourism is still the number one driver for the economy … [Read more...] about Tourism in Nevada
Top Rank Attorneys2023
Top Rank Attorneys (formerly known as Legal Elite) has been featured in Nevada Business Magazine since 2007. The list is comprised of respected attorneys across the state who are voted for inclusion by their peers. Polling for Top Rank began in mid-February of this year and several thousand nominations were submitted. Each attorney that made it on the list not … [Read more...] about Top Rank Attorneys
Power Poll 2023The Roller Coaster Economy
It’s been 20 years since the first “Power Poll” survey was sent to Nevada executives and the world looks very different than it did at the turn of the century. Nevada’s economy wasn’t quite as diversified, the population was growing at a record rate and the state’s housing crisis was just on the horizon. A crystal ball may have helped the Silver State avoid some of the more … [Read more...] about Power Poll 2023
Healthcare Check-UpRealities and Opportunities in Nevada Medicine
"Everyone in healthcare is struggling with this," said Dr. Paul Krakovitz, region president, Intermountain Health. "It's not just in Nevada where we have a very low number of physicians and advanced providers per capita. It seems to be worse in our state, but it is an issue around the country." The question of how to provide quality care to patients given the shortage of … [Read more...] about Healthcare Check-Up
Education OutlookOut of the Pandemic and into the Future
Good things are happening throughout Nevada's education systems starting with K-12 all the way through postgraduate. From proposed funding under new state leadership to dual enrollment programs paving the way to college for high school students, education is getting the attention it deserves. In January, Governor Lombardo's proposed budget included raising K-12 per pupil … [Read more...] about Education Outlook
Banking on NevadaHealthy Growth Post-Pandemic
"Overall, '22 was a strong year for earnings for the banking industry," said Terry Shirey, president and CEO of Nevada State Bank. "A lot of loan growth occurred, historic loan growth. We had very low interest rates when we started the year, very strong economic conditions and that really played out on bank balance sheets where we were able to do a lot of high-quality new loan … [Read more...] about Banking on Nevada
Changes AheadA Look at Nevada’s Economic Forecast for 2023
A changing of the guard at the highest level of state government means a potential change in headwinds for the 2023 economic forecast. "You are going to have a Republican [in the] Governor's Mansion, a super majority in the Assembly but not in the Senate, even though the Senate and Assembly are both Democrat controlled," explained Cindy Creighton, president, Nevada … [Read more...] about Changes Ahead
Most Respected Leaders2022
Respect is earned, not given. That phrase holds true when applied to any of those in the inaugural class of Most Respected Leaders. Each of those featured have dedicated themselves to improving Nevada and have earned the respect of those around them. Comprised of decision makers and executives in Nevada, Most Respected Leaders are those that their … [Read more...] about Most Respected Leaders
Economic Development in NevadaOpportunities and Obstacles
Economic development has been scaling up in recent years, working to diversify into a more stable state economy. “We work with all the regional development authorities,” said Bob Potts, deputy director, Governor’s Office of Economic Development (GOED). “They get state funding from us, and we contract with them for the scope of work.” GOED works the legislative and policy … [Read more...] about Economic Development in Nevada