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Like the tail wagging the dog, Southern Nevada’s commercial retail properties market has followed the industrial and office markets into the doldrums of recession. “The Las Vegas retail market has been impacted tremendously,” says David Grant, senior vice president retail division for Colliers International in Las Vegas. As first quarter 2010 statistics continue to paint a … [Read more...] about Time to Buy? Commercial Retail Market in Nevada

When Education Week published its Chance-for-Success Index in early 2010, Nevada, again, drew negative attention for its low scores—adding to a pile of bad news that has many Nevada educators, legislators, businesses and economic development experts seriously questioning the state’s future. By the Numbers Within the index, which tracks key education indicators and grades … [Read more...] about Education: Progress Report

Nevadans can be born and raised in the state, or can come from half the world away to find their home. Once here, Nevada becomes a part of most people’s lives in short order, and many want to give back. Nevada Business Magazine asked readers to nominate those Nevadans who have had a significant impact on our state. The 12 individuals chosen are leaders in their fields who … [Read more...] about Vision, Dreams & Reality: Nevada’s Most Influential Citizens

What a difference a year makes in comparing this year’s City of Reno Special Report with last year’s. Although the economy was certainly in the doldrums a year ago, these past 12 months have taken an even greater toll on business and economic development in Reno. As the city continues to grapple with significant shortfalls in basic revenues, it expects to cut around $35 million … [Read more...] about City of Reno

Last year, President Obama and Education Secretary Arne Duncan introduced Race to the Top (RTTT), a competition for $4.5 billion in awards to states for adopting serious education reforms — in areas like charter-school support, teacher evaluation and fixing low-performing schools. At the end of round one, Delaware and Tennessee were the only two winners, most notably beating … [Read more...] about Racing to the top, or running in place? Winning federal money doesn’t mean you’ve improved education

With so much negative commentary in the print and broadcast media about the banking industry, it’s easy to miss the fact that over 8,300 traditional, FDIC-insured banks and their more than two million employees are serving towns and cities across the country, committed to helping their communities thrive. Lending typically declines in recessions.  In this recession, however, … [Read more...] about Rooting for the Good Guys: Lending in Nevada

When Robert Finnegan recalls some of those first bleak weeks of the Great Recession at his engineering firm, he can’t help but remember the initial eery paralyzing effect the economic crash had on his entire staff. “We  all just sort of sat there with our hands folded looking at each other and wondering  aloud, okay, now, what do we do,” said Finnegan, president and co-owner … [Read more...] about Architects & Engineers: Digging Deep to Weather the Recession

Nearing the end of a long, tough road is never easy.  The banking industry in Nevada is crossing its proverbial fingers that the road Nevada’s economy has been on will soon get easier.  The hope that the tough parts of the journey are almost over is what’s keeping bankers driving forward. Politicians beg bankers to lend more and to do it right this moment while regulators … [Read more...] about The Road Ahead: Banking in Nevada

When Nevada business owner Scott Dunseath attends community events to support his apparel shop, Reno eNVy, he photographs, on his iPhone, people wearing his brand, then simultaneously sends it, via one text message, to the company Web site, Facebook (2,241 fans) and Twitter (1,010 followers). He recently spread the word about a store sale via social media, and revenue that day … [Read more...] about Social Media & Marketing

President/Owner/Founder Reno/Las Vegas, Nevada Number of Employees: 10 Years in Nevada: 18 Years with Company: 22 What inspired you to get into your industry? My partner Joe Wade was a prominent real estate attorney in Newport Beach and I guess I caught the bug being around him and all the intriguing deals—I’ve always been a deal junkie!  I also wanted to do … [Read more...] about Patty Wade: Wade Development Company, Inc. and Wade Consulting Group, LLC

If anything became clear in the recently concluded 26th Special Session of the Nevada Legislature, it is that during the 2011 regular session debate will center around one highly contentious issue: taxes. During the 2009 regular session, lawmakers were able to lean on federal stimulus funds and a variety of new taxes — on the order of $1 billion — in order to once more evade … [Read more...] about Band-aids Don’t Fix Broken Bones: Special session’s budget issues will resonate in 2011

Contractors should beware of strings attached to stimulus funds from the American Reinvestment and Recovery Act (ARRA).  Construction projects funded in whole or in part by stimulus dollars must comply with requirements established by ARRA. Buy American ARRA limits the use of stimulus funds to projects for the construction, alteration, maintenance or repair of public … [Read more...] about Stimulus Dollars: A Contractor’s Friend or Foe?

Today’s hard economic times are challenging the fundraising efforts of many non-profit 501c3 organizations.  While it is a time that requires greater efforts, it is not impossible to reach an organization’s development goals in enhancing the mission of the organization.  The 3 C’s are a valuable tool in formulating development strategy in the current market.  They are: … [Read more...] about The 3 C’s of Fundraising in a Challenging Economy

According to the Nevada State Bar’s Access to Justice Commission, the need for legal services by disadvantaged Nevadans is continuing to rise dramatically due to the challenging economy. As Nevada Supreme Court Justice Hardesty, co-chair of the Access to Justice Commission recently noted, “Statewide, there is one legal aid attorney for about every 5,000 people in poverty. Only … [Read more...] about New Ruling for Attorneys Aims to Fill Gap in Legal Aid Funding in Nevada

Henderson, Nevada, a place to call home.  It's not just a slogan, but a feeling we try to convey to every person living here.  Especially in this time of economic challenges, our residents continue to value Henderson's sense of community.  Everything we do is designed to better the quality of life for those who call Henderson home, whether it's businesses, seniors, singles or … [Read more...] about Henderson, Nevada