Nevada State Bank is proud to join Nevada Business Magazine in celebrating the accomplishments of the 2020 Family Owned Business award finalists. Although each family business is unique, successful companies share qualities like perseverance, ingenuity, teamwork and community service – qualities exemplified by the businesses featured this year. This year will long be … [Read more...] about Family Owned Businesses 2020
Features
Supply & DemandNevada’s Industrial Market
The demand for industrial space has been extraordinarily strong in Nevada throughout this economic expansion and is expected to stay consistent throughout the rest of this year and into 2021, according to real estate professionals throughout the state. Originally, a decline in demand was expected due to the country’s trade war with China, but with trade tensions easing that … [Read more...] about Supply & Demand
Nevada Governor Fails to LeadLessons Learned from a Pandemic
First of all, I recognize it’s much easier to be an armchair quarterback than to be the one calling the shots. Our leaders, from all levels of government, have had to make unprecedented decisions in the wake of COVID-19. In many cases, their decisions have been a matter of life and death and extremely difficult to make. There’s always going to be people that disagree with those … [Read more...] about Nevada Governor Fails to Lead
Time to EvaluateCrisis of Humanity
Life on earth has changed dramatically in the past few weeks. The COVID-19 virus has infected humanity in every nation and wreaked havoc throughout the world. Panic, fear, disbelief and anger is in our own backyard and you may be experiencing those very emotions yourself. Even before the coronavirus, it was a frightening time and it’s easy to give into those fears. As of … [Read more...] about Time to Evaluate
Healthcare in NevadaA Look at Hospitals in the Silver State
As Nevada’s hospital executives began gearing up quickly during March to deal with the challenges of the coronavirus, most of them could take some comfort from the knowledge that their institutions were working from a solid financial base. From Henderson to Reno, the combination of good financial performance and increasing demands presented by population growth … [Read more...] about Healthcare in Nevada
Knowing WorthBusiness Valuation in Nevada
Even as the economy was cooling off coming out of the winter and stung by the effects of the spread of coronavirus, businesses are selling at record paces in Nevada. In northern Nevada, The Liberty Group is coming off its best year ever, owner and broker Brad Bottoset said. The great year in 2019 was coming off two prior years that had also set records and Bottoset felt more … [Read more...] about Knowing Worth
Industry FocusHuman Resources
Human resources is an industry that is constantly evolving. From workforce shortages to the impacts of the COVID-19 pandemic, this industry must be ready to switch gears at a moment’s notice. This meeting of Nevada human resource executives occured prior to the widespread effects of the coronavirus. The executives met at the Las Vegas offices of City National Bank to discuss … [Read more...] about Industry Focus
Building the FutureWhere Technology and Commercial Real Estate Meet
Design, build, use: that’s the life cycle of commercial real estate (CRE) buildings. Technological advances are changing the way things are done in every industry. For commercial real estate, the changes are apparent in every step, from surveying a site to leasing the building. Even the way tenants utilize the space once they’re in those buildings has changed. Technological … [Read more...] about Building the Future
HendersonThe Place to Be
West Henderson is recreating itself as an employment center featuring high wage employment, and welcoming new and relocating, expanding businesses. In a few short years, the area has transformed into a center for industrial growth and development, leading the way as a site for advanced manufacturing and distribution facilities. This is planned growth. West Henderson is … [Read more...] about Henderson
Democrats & Legislative Council Bureau Running AmokIgnore the Will of the People
In September of last year, Nevada State Senator Heidi Gansert was a guest columnist with Nevada Business Magazine. She explained how, in the last session, Democrats ignored the two-thirds supermajority constitutional requirement to pass two bills: SB 551 and SB 542. The first, SB 551 prevented the Modified Business Tax (MBT) from sunsetting as scheduled and made the higher rate … [Read more...] about Democrats & Legislative Council Bureau Running Amok
A Look at EducationMoving at the Speed of Knowledge
A vibrant, diverse economy requires a trained, educated workforce. A trained, educated workforce capable of taking on the diverse needs of its community requires a system of education designed to meet the needs of individuals and institutions in that economy. “We have to ensure that students who come out of college have good written and verbal skills and can work … [Read more...] about A Look at Education
Everything Must GoBankruptcies in Nevada
Bankruptcies might not be hitting Nevada as hard as they were during and immediately following the Great Recession, but they’re still impacting the state’s economy. At the height of the recession’s bankruptcy fallout in 2009, 60,837 businesses filed in the U.S., according to the American Bankruptcy Institute (ABI). That number was down to 22,232 in 2018, the last full year … [Read more...] about Everything Must Go
Industry FocusTransportation
Nevada’s transportation industry has come a long way in the past several years. However, industry leaders are still challenged with meeting the needs of increased populations and moving people and products more efficiently. Recently, executives representing transportation in Nevada met at the Las Vegas offices of City National Bank to discuss industry challenges. Connie … [Read more...] about Industry Focus
Promises and PitfallsGovernment Projects in Nevada
As privately-funded construction booms around Nevada, projects from public agencies are adding fuel to the already hot market. But contractors eyeing big public works jobs in the pipeline find themselves dealing with new, sometimes troublesome rules. The stakes are high with a lot of big construction contracts in the pipeline. Follow the Funds A $347 million plan for … [Read more...] about Promises and Pitfalls
Election Season is Upon UsLet The Games Begin
As difficult as it is to believe, it’s election season. It’s that wonderful time every couple of years when citizens are bombarded with campaign messages from the media, outdoor, online and virtually every imaginable source, all in an effort to get candidate’s names and faces in front of voters. Between messaging from national and local campaigns, debates and commentary, it’s … [Read more...] about Election Season is Upon Us