No two succession plans are the same, but all of them have one thing in common – they require planning and usually years of it. “It’s really a matter of making sure everything is in place,” said Jeff Nyman, broker at First Choice Business Brokers. “[The goal] is that, when a buyer looks at that business or a family member looks at it, they are not going to say, ‘I have to … [Read more...] about A Little Foresight Goes a Long Way
Features
Industry FocusBuilders & Developers
As most industries recover from the impacts of the COVID pandemic, builders and developers are still facing challenges with the supply chain, workforce issues and market uncertainty. In spite of those challenges, industry leaders are forging ahead in shaping Nevada’s skylines. Recently, builders and developers met in a virtual roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
New Users and UsesIndustrial Commercial Real Estate in Nevada
“Industrial real estate across the country is doing extremely well right now. Las Vegas is out performing, but it’s not exclusive to Las Vegas,” said Garret Toft, executive vice president, industrial, CBRE. “We’re seeing a period of very strong demand from tenants and users at a time where we’ve been developing quite a bit of industrial. But, demand is outpacing [supply] and … [Read more...] about New Users and Uses
Dangerous Word PlayHolding the Line with “Shall”
For as long as I can remember, the Clark County Education Association (CCEA) has been working to raise taxes for education. They’ve come to nearly every industry in the state with their hand out for more money. Like most other business owners, I firmly believe in the importance of education and the need to fund education. However, Nevada’s education system, and CCEA in … [Read more...] about Dangerous Word Play
Nevada RootsThe Making of Nevada
“Even though we’re a young state, we’ve got a very rich history,” said Eugene Hattori, curator of anthropology with the Nevada State Museum in Carson City. “We have evidence of archeological trade that goes back 8,000 years.” Nevada’s roots in business and industry began with the Native American tribes that resided in the region initially. The Northern and Southern Paiutes, … [Read more...] about Nevada Roots
Setting RecordsNevada’s Healthy Banking Industry Amidst the Pandemic
Global events like COVID send ripples through the economy which can cause uncertainty on the part of consumers and businesses. With the pandemic creating havoc for normal business operations and occurring just over a decade since the official end of the Great Recession, some economic uncertainty is to be expected. “I started with the bank 20 years ago and I came into the … [Read more...] about Setting Records
Industry FocusMining
Most Nevadans might be surprised to learn that mining still accounts for a significant portion of the state’s economy. In that regard, Nevada miners have been working to educate the state-at-large regarding their industry and the advancements therein. Executives from mining organizations throughout the state recently met in a virtual roundtable, sponsored by City National Bank, … [Read more...] about Industry Focus
Nevada UtilitiesGrowth Continues Amid COVID, Cybersecurity Concerns
A recent cyberattack on the Delta-Montrose Electric Association (DMEA) in Colorado that shut down 90 percent of its internal controls and erased 25 years of historical data is a reminder for Nevada utility companies that bad actors are constantly targeting their infrastructure. It also comes at a time when these companies are experiencing increased demand for service as the … [Read more...] about Nevada Utilities
Unconstitutional LawDon’t “Ghost” Homemade Guns
Last year, Nevada legislators passed AB 286, an anti-gun bill that would have made some elements of home gunsmithing illegal under a broad banner definition. As it was passed, the bill would have prohibited a person from possessing, purchasing, transporting or receiving an unfinished frame or receiver of a firearm or assembling a firearm without a serial number. The law was set … [Read more...] about Unconstitutional Law
Economic Forecast 2022Nevada’s Economy Recovering – But Coronavirus Still Haunts State
Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined. The recovery was also assisted by employment recovering to pre-coronavirus levels in … [Read more...] about Economic Forecast 2022
An Intellectual Property WorldDefining and Protecting Rights
“It’s an intellectual property world,” said Robert Ryan, partner at Holland and Hart. “Almost any business that you build is going to have substantial intellectual property and the proper protection of it can be essential for having something valuable.” Intellectual property, or IP, is everywhere. From websites, client lists and software to the recipe of the sodas a company … [Read more...] about An Intellectual Property World
City of North Las VegasGrowth by Design
The City of North Las Vegas turned 75 in 2021. When incorporated in 1946, North Las Vegas was a sleepy, bedroom community. Today, North Las Vegas is a thriving metropolis with one of the strongest economies in the state. Through a pro-business approach, North Las Vegas is the epicenter of commerce, manufacturing and logistics in southern Nevada. The origins of the City of … [Read more...] about City of North Las Vegas
Industry FocusHealthcare
Healthcare in Nevada has seen significant challenges, especially in the past two years. COVID has brought about unprecedented change and hardship for this industry, from patient care to workforce issues. Recently, leaders in healthcare met in a virtual roundtable, sponsored by City National Bank, to discuss the industry and its future. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus
Architects and EngineersDesigning Nevada’s Future
Construction was one of the industries considered essential during the pandemic shutdown in spring 2020. That included architects and engineers, who social distanced, worked remotely and wore masks, but kept working. That doesn’t mean the pandemic didn’t affect these industries. Both fields were already changing when COVID hit. Like it did for many industries, the pandemic … [Read more...] about Architects and Engineers
What is Truth…And, is it Relative?
How important is the truth to you? I expect it’s important to most of us, so let’s dig into what truth is. And, since its December, when we celebrate the birth of Jesus, let’s first look at what He says about truth. When being interrogated by Pontius Pilate prior to His crucifixion, Jesus directly references this question of truth. In the Bible, John 18:37 (NKJV), Pilate asked, … [Read more...] about What is Truth…