The banking industry plays a vital role in the success or failure of companies and individuals that rely on banks for their financial needs. Over the last few years, the industry has experienced a myriad of challenges including government regulations, foreclosures, finding qualified borrowers, low interest rates and image issues. Connie Brennan, publisher of Nevada Business … [Read more...] about Industry Focus: Bankers
Features
Northern Nevada: Hard Work Pays Off
Northern Nevada has earned its developing economic comeback the old-fashioned way: building on its strengths, looking to the future and taking common sense steps to coax and reward entrepreneurialism and innovation. It’s paying off. “There’s a lot going on,” says Rob Hooper, Executive Director of Northern Nevada Development Authority (NNDA), the Economic Development … [Read more...] about Northern Nevada: Hard Work Pays Off
The Survivors: Builders and Developers in Nevada
The economic downturn in 2007 left both residential and commercial developers and builders in the Silver State scrambling for work. Many were forced to downsize their staffs, and some even closed their doors. “Since 2008, the development business has been a fraction of what it was,” said Doug Kiersey, president of Dermody Properties, a Reno-based industrial … [Read more...] about The Survivors: Builders and Developers in Nevada
$1.3 billion for 288 jobs: The failure of government-subsidized renewable energy
Another reason why government shouldn’t pick winners and losers in the economy In August, U.S. Senate Majority Leader Harry Reid hosted his fifth annual National Clean Energy Summit in Las Vegas. Delivering the keynote address, former president Bill Clinton claimed that if every state had a renewable-energy standard it would “put a lot of people back to work.” Sen. Reid … [Read more...] about $1.3 billion for 288 jobs: The failure of government-subsidized renewable energy
Nevada Money Should Stay in Nevada: Time to Reform the Contracting Process
In Governor Brian Sandoval’s State of the State speech, he encouraged everyone to “shop Nevada first” and said Nevada should make “supporting private sector job creation a way of life for all government agencies.” I heartily endorse both these ideas, but the state has a long way to go to prove its support for homegrown businesses. For example, did you know that when Nevada … [Read more...] about Nevada Money Should Stay in Nevada: Time to Reform the Contracting Process
Nevada’s Diverse Businesses: Minority-Owned Companies Thrive in the Silver State
The year is 2012 and it feels strange and a little uncomfortable to be considering minority-owned businesses. Twelve years into the 21st century, it seems there should no longer be a designation for minority-owned business – business should be business and everyone should be working together through the slowly recovering economy. Which is pretty much the case once a business … [Read more...] about Nevada’s Diverse Businesses: Minority-Owned Companies Thrive in the Silver State
Best Companies to Work for 2012
In an economy where simply finding a job is an accomplishment in and of itself, being named one of the Best Companies to Work For is doubly impressive. With so many Nevadans seeking work, the following companies have recognized the value of their employees and go above and beyond to ensure they’re taken care of. While many businesses have had to cut employee benefits or … [Read more...] about Best Companies to Work for 2012
Industry Focus: Mining
Mining in Nevada is one industry that has been thriving in recent economically tumultuous times. Even so, the industry is facing a myriad of issues from taxation to regulatory delays and public perception. Recently, executives representing various companies in the mining industry met at the Reno law offices of Holland & Hart to discuss these issues and what the future of … [Read more...] about Industry Focus: Mining
Gaming: Betting on a Comeback
Nevada’s gaming industry today continues to recover, with some regions faring better than others. “Both Southern and Northern Nevada markets are struggling right now,” said John Farahi, CEO of Monarch Casino & Resort Inc., which owns Atlantis Casino Resort Spa, in Reno. State gaming revenue has been picking up slowly since it took about a $2.4 billion hit when the … [Read more...] about Gaming: Betting on a Comeback
Nevada Industry Excellence: Manufacturing
With manufacturing suffering nationally along with the rest of American business, it is largely thriving here in Nevada. The engine has been a combination of factors – from legislative miscues in California and a strong Nevada workforce and overall business climate to the relatively low price of land and facilities, an available and affordable workforce, savvy strategy and … [Read more...] about Nevada Industry Excellence: Manufacturing
Back to Schools You Wouldn’t Choose: Nevada parents have been left behind in the school-choice movement
As Nevada’s children return to school this fall, many parents will again be frustrated, recognizing that their children will be relegated to sub-standard education. Parents who can’t afford to live in the wealthy neighborhoods that host the best public schools, and who can’t afford private-school tuition, will discover that the educational opportunities available to their … [Read more...] about Back to Schools You Wouldn’t Choose: Nevada parents have been left behind in the school-choice movement
Save our Country in November: It’s Up to You
As we are bombarded this summer by political ads and robo-calls, it’s tempting to tune it all out and ignore politics altogether. After all, we have more important things to do, don’t we? The answer to that question is “No!” There is nothing more important than finding out which candidates support conservative causes and convincing everyone you know to vote for them on November … [Read more...] about Save our Country in November: It’s Up to You
How We Stack Up: The Climb Back to the Top
It wasn't that long ago that Nevada was ranked No. 1 in growth - a title it held for several years. We couldn't build houses, roads, schools or office complexes fast enough to accommodate all the people flocking here to cash in on the boom. Now, like the rest of the nation, the Silver State is struggling to emerge from a recession that turned these statistics upside down. … [Read more...] about How We Stack Up: The Climb Back to the Top
Wealth Management: Tending to Retirement
When the boat is rocking people naturally cling more tightly to the rail – which, given today’s economy, says much of what one needs to know about investing for retirement. “Individuals are scared, and rightly so,” says Tony DePasquale, founder and President of Elysien Private Wealth & Real Property in Henderson. “They want safe, and they want to know that the people … [Read more...] about Wealth Management: Tending to Retirement
Industry Focus: Telecommunications
Between cloud computing, storage issues and finding the right systems for the right business, the telecommunications industry is changing quickly. Recently, telecommunications executives representing companies throughout the industry met at the Las Vegas office of Holland & Hart to discuss their growing pains and meeting the needs of increasingly technologically advanced … [Read more...] about Industry Focus: Telecommunications