In August, 4.3 million U.S. workers quit their jobs, according to Department of Labor (DOL). Food services lost 892,000 workers, 721,000 employees quit the retail industry and even more workers left education and healthcare. The start of the pandemic saw record high unemployment and by July 2021 the United States hit another record high – 11.1 million jobs … [Read more...] about Closed:
Features
Credit UnionsDiversifying Loan Activity
Credit unions are becoming an increasingly important source of loans for small businesses, a development that’s particularly welcome to credit union executives vexed by the need to put massive flows of new deposits to profitable use. At the middle of this year, small business loans at the 15 credit unions headquartered in Nevada stood at $640 million, a 63 percent increase from … [Read more...] about Credit Unions
Industry FocusAttorneys
Nevada’s legal industry had a banner year as they helped clients navigate the challenges of COVID. Even so, attorneys struggled through a changed work environment and court system. Leaders from this industry recently met in a virtual roundtable, sponsored by City National Bank, to discuss Nevada’s legal field and what the future holds. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus
Back in the BuildingsProperty Management in Nevada
Nevada is quickly approaching the two-year mark since the beginning of the COVID-19 pandemic. From government mandates, social distancing, supply delays and a staffing crisis nationwide, business in the Silver State has had to adapt and change. Many industries were hit hard by these changes, including property management. But, in post-COVID Nevada, the industry is on its way … [Read more...] about Back in the Buildings
NAIOP Southern Nevada 2021 “Strength vs Adversity” Virtual Bus Tour
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2021 “Strength vs Adversity” Bus Tour. These past two years have been a whirlwind! This market has faced significant adversity as a result of COVID. Despite the uncertainty over the past two years, our market has shown its strength and ability to overcome the effects caused by the pandemic. We are pleased … [Read more...] about NAIOP Southern Nevada 2021 “Strength vs Adversity” Virtual Bus Tour
Blessings CheckMore Than Thanksgiving
… the country, rejoicing in the consciousness of augmented strength and vigor, is permitted to expect continuance of years with large increase of freedom. No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy. It … [Read more...] about Blessings Check
Meet You in NevadaReopening to Visitors Far and Wide
For the first time since the pandemic quarantine, Nevada’s visitor volume was more than 4 million in June, said Brenda Scolari, director, Nevada Tourism & Cultural Affairs, TravelNevada. “Even though that’s 16 percent below comparable in the same month in 2019, we have had visitation growth steadily improving month to month.” Visitor numbers reflect tourism trends … [Read more...] about Meet You in Nevada
Unique ChallengesRural Nevada, Housing and Innovation Zones
When it comes to rural communities, flexibility and community support are essential proponents for any business. Right now, there are a lot of interesting things happening in rural Nevada. At the top of the list is the issue of innovation zones. A company proposing to create self-governing, corporate-owned communities within thousands of acres of land it owns in a rural county … [Read more...] about Unique Challenges
A Tale of Two CitiesRetail Commercial Real Estate in Nevada
“Retail commercial real estate (CRE) in Nevada is a tale of two cities, really,” said Chris Richardson, CCIM, director, Logic Commercial Real Estate. “On the one hand, I have never seen such demand for new drive-through restaurants in good areas. It seems like everyone is expanding and some quick serve restaurants that never incorporated drive-through before are starting to … [Read more...] about A Tale of Two Cities
Industry FocusCPAs
Frequently named as the most trusted profession by business owners, leaders in the certified public accountant (CPA) industry have had their work cut out for them in 2021. From navigating complex issues arising from the COVID pandemic to dealing with ever-changing rules from the Federal government, CPAs are working to remain flexible and available for their clients. … [Read more...] about Industry Focus
Enough is EnoughStop Government Overreach
I know of no safe depository of the ultimate powers of society but the people themselves; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education.Thomas Jefferson Those words were written by Jefferson in a letter dated September 28, 1820. Now, just … [Read more...] about Enough is Enough
Shovel ReadyBuoyed by Strong Prices, Mining Companies Battle Labor Shortage
All the jobless people in Eureka County last summer — all 30 of them, to be precise — scarcely would have filled more than a couple of rows of seats in the historic Eureka Opera House near the heart of Nevada’s great mining district. Tiny pools of available workers are commonplace across rural Nevada these days, and the tight labor markets create headaches for the mining … [Read more...] about Shovel Ready
Cybersecurity for Business OwnersMinimize Risk, Maximize Security
All businesses, from corporate giants to mom and pop enterprises, have data that needs to be protected. This is one instance where the size and type of a business is irrelevant. “That’s a real challenge that small businesses haven’t quite learned to cope with,” said Brian Fricke, chief information security officer, City National Bank. “You can outsource a lot of things, of … [Read more...] about Cybersecurity for Business Owners
Industry FocusEducation
Education in Nevada has long been plagued by lower-than-average graduation rates and test scores. The coronavirus pandemic has only added to the state’s education woes. Leaders in education have the difficult task of improving rankings while creatively overcoming issues brought to the forefront by the pandemic. Recently these leaders met in a virtual roundtable, hosted by City … [Read more...] about Industry Focus
Legal Opinions 2021
Legal Opinions is a compilation of expert knowledge on a variety of topics. Written by attorneys, all of whom are highly educated on their featured topic, this special report is a valuable resource for executives. Nevada Business Magazine has been publishing this special feature since 2014. Articles in the 2021 edition of Legal Opinions cover a gamut of professional issues … [Read more...] about Legal Opinions 2021