The backbone of the U.S. economy has traditionally been composed of millions of small businesses that are owned and managed by entrepreneurs who savor being their own boss. As the economy inches its way to recovery, that same hard scrabble independence remains a driving force behind numbers that indicate some sectors of the financial world might be getting better all across the … [Read more...] about Minority Owned Challenges & Successes
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Nevada’s Place Among the States
Nevada has always had a unique economy, based on volatile industries like mining, which fluctuates according to the price of metals, and tourism, which depends on the U.S. and world economy. Employment, construction and the housing market in the Silver State tend to follow these industries from one extreme to the other. In this year’s report comparing Nevada to other states, … [Read more...] about Nevada’s Place Among the States
Let’s Get Personal: Credit Unions in Nevada
Although many financial institutions struggled during the recent economic downturn, credit unions in general fared somewhat better. “The credit union industry weathered the recession pretty well, but in Nevada some merged out of existence. The credit unions that are left are much stronger and are thriving now,” said Andy Hunter, president and CEO of Silver State Schools … [Read more...] about Let’s Get Personal: Credit Unions in Nevada
Mining: It’s About More than Gold
The value chain for Nevada’s roughly 20 metals and minerals begins with companies mining the resources. This benefits the miners and their employees monetarily and the communities around those mines where dollars are spent, donations are made and other commitments are carried out. Mining firms require goods and services at each stage of their process—exploration, … [Read more...] about Mining: It’s About More than Gold
Nevada’s Tourism Industry: Going Strong
Nevada’s tourism industry, like several other industries in the state, has experienced a recent uptick in business. For example, just last month, the Reno-Sparks Convention and Visitors Authority (RSCVA) beat out Tampa, Phoenix and San Juan, Puerto Rico, to book the rare 18,000-room American Legion national convention for 2020. Additionally, developers began work on Resorts … [Read more...] about Nevada’s Tourism Industry: Going Strong
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
Nevada Taxes Reaching Deeper
Hall of Fame baseball player Yogi Berra once said it is deja vu all over again. He wasn’t wrong if he was describing Nevada politics and biennial efforts to create a tax code that can better withstand economic recessions. Nevada lawmakers have recently been debating another proposed tax increase geared towards adding funds to the state’s woeful educational system. In total, … [Read more...] about Nevada Taxes Reaching Deeper
Healthcare Check-Up: Nevada Works to Deliver Health Amid Shortages
At this point in the year, the initial stages of the Affordable Care Act (ACA) have already been implemented. The results show that, while the state has moved forward in many healthcare arenas, Nevada still has a long road ahead. More Nevadans Covered Data showed that during the recent enrollment period, 72,000 Nevadans applied for and enrolled in health insurance plans … [Read more...] about Healthcare Check-Up: Nevada Works to Deliver Health Amid Shortages
A New Hope: Power Poll 2015
With the recession having reaffirmed Nevada’s “Battle Born” motto, this recovery has added a new twist on another name for this state, the Silver State. Company owners and executives are seeing the silver lining in a tough economy as businesses grow and are leaner and more efficient than ever. And, while hopeful of the sustainability of this growth, executives remain cautious, … [Read more...] about A New Hope: Power Poll 2015
Top Brokers 2015
As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business. The following pages highlight those brokers that performed at the top of their field in 2014. Brokers are listed alphabetically and separated by Northern and Southern Nevada. Broker’s were asked to submit a variety of information concerning their 2014 deals … [Read more...] about Top Brokers 2015
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
Economic Forecast: 2015 Preview
Economists and industry analysts can, and will, argue over whether an economic recovery is as strong as numbers seem to indicate. However, they do agree the numbers show Nevada’s economy is on track to strengthen and add more jobs in 2015 because many of the impediments to faster growth have subsided. The unemployment rate has dropped to its lowest level in more than five … [Read more...] about Economic Forecast: 2015 Preview
Medical Marvels: Nevada’s Top Physicians
Nevada’s healthcare industry is in a time of transition. With a variety of changes to insurance and healthcare delivery already having been made, and more in the pipeline, the industry is undergoing a massive amount of alterations. Few are more affected by these changes than doctors who are at the front-line in healthcare. Nevertheless, they are maintaining their flexibility in … [Read more...] about Medical Marvels: Nevada’s Top Physicians
Technology Trends in the Silver State
In December 2011, Frederick Cook and Kelly Eidson co-founded a business that aims to make moving one’s office or home a seamless, problem-free process. Using its proprietary technology, this Las Vegas firm acts as the intermediary between people who need moving services—truck rentals, full-service movers, pods, freight trailers and more—and the companies that provide those. … [Read more...] about Technology Trends in the Silver State
Employment Law: Attorneys Speak Out
To learn the complicated ins and outs of employment law, it’s best to go straight to the source. The following pages highlight six attorneys that are at the top of their field and are experienced in employment law. These attorneys were each asked to share advice with Nevada Business Magazine readers and responded to a series of questions. Business owners and HR professionals … [Read more...] about Employment Law: Attorneys Speak Out