What’s ahead for Telecom in 2012? Lots of exciting new technologies and services, for one thing. And continued diversification, for another. And a still-crummy economy that will hamper a good amount of the growth that should be taking place. Reuters reported in early January that telecom firms around the world are expected to slash spending on networks over the next 11 … [Read more...] about Telecom: Now Calling the Future …
Las Vegas business
Michael Hemphill: CSG Direct, Inc.
President / CEO Las Vegas & Reno Number of Employees: 28 Years in Nevada: 18 Years with Company: 18 What do you like most and least about your industry? Most: The industry moves much slower than technology so we are always able to create new systems and technologies to help our clients gain advantage. Least: The industry moves much slower than technology so the … [Read more...] about Michael Hemphill: CSG Direct, Inc.
Texas Margin Tax: Always a Bad Idea: Margin Tax is More Destructive than Alternatives
Leaders in the Democratic majority during the 2011 state legislative session proposed a dramatic change to Nevada’s tax system: Phase out the Modified Business Tax — a tax on private-sector payroll — and replace it with a new, larger levy modeled after Texas’ business margin tax. The effort gained so little traction in Carson City that the Democratic leadership, embarrassed, … [Read more...] about Texas Margin Tax: Always a Bad Idea: Margin Tax is More Destructive than Alternatives
February 2012: Around the State
UNR and DRI Reach Out to Business Community The Technology Transfer Office (TTO) for the University of Nevada, Reno and Desert Research Institute has created an Industry/Faculty Partnering Clinic. The program is one of three from the TTO designed to engage the community and enhance technology transfer, economic development and the relationship between the institutions and the … [Read more...] about February 2012: Around the State
Industrial Summary: Fourth Quarter 2011
Las Vegas The Las Vegas Valley industrial market continued to demonstrate signs of weakness in both net absorption and pricing. The vacancy rate pushed upward to a new all-time high of 18.5 percent as 476,900 square feet of negative net absorption was reported during the fourth quarter. The vacancy rate is up 0.6 percentage points from the previous quarter, and a larger … [Read more...] about Industrial Summary: Fourth Quarter 2011
February 2012: Business Indicators
According to revised data, U.S. real GDP grew at an annualized rate of 1.8 percent during third quarter 2011, which represents a gain over the second-quarter figure of 1.3 percent. Consumption spending and business fixed investment were particularly strong. U.S. nonfarm employment rose by 200,000 jobs in December, and the unemployment rate fell to 8.5 percent. Both consumer … [Read more...] about February 2012: Business Indicators
Economic Development: The New Plan
Revenue – money flowing in – is the life’s blood of any household, business or organization. For the state of Nevada, revenue forecasts for 2012 and beyond are mostly positive… but continue to hinge on a variety of factors close to home and half a world away. Progress is being made on a number of fronts to generate new and perpetuate existing revenue streams, even as dark … [Read more...] about Economic Development: The New Plan
Financing: It’s a Jungle Out There
A year ago, Ed Brown said Nevada’s business financing picture in 2010 was the worst he’d seen in his 35 years of administering small business loans for the U.S. Small Business Administration (SBA), describing it as “a bad time” and “depressing.” Minimal loans of any kind were being made. Funds were being pieced together from various sources. Some groups had no money to … [Read more...] about Financing: It’s a Jungle Out There
January 2012: Around the State
Health Care Partners Becomes an Accountable Care Organization Health Care Partners of Nevada has been selected to participate in the Pioneer Accountable Care Organization (ACO) Model, an initiative sponsored by the Centers for Medicare and Medicaid Services (CMS) Innovation Center. Through the Pioneer ACO Model, the company will provide beneficiaries with higher quality care, … [Read more...] about January 2012: Around the State
Michael D. Rounds: Watson Rounds
Managing Partner Las Vegas & Reno Number of Employees: 22 Years in Nevada: 13 Years with Company: 13 How did you first get into your profession? I was a student advocate in college and I represented students in disciplinary matters. I loved it and decided to go to law school. I saw the growth in Silicon Valley in law school and decided that intellectual … [Read more...] about Michael D. Rounds: Watson Rounds
Retail Summary: Third Quarter 2011
Las Vegas Vacancies among anchored-retail centers move upward as economic uncertainty continues to impact retailers. The market recorded 223,400 square feet of negative net absorption during the third quarter of 2011, pushing the vacancy rate up to 10.8 percent, an increase of 0.4 percentage points compared to the previous quarter (Q2 2011) and slightly ahead of the 10.7 … [Read more...] about Retail Summary: Third Quarter 2011
January 2012: Business Indicators
According to revised data, U.S. real GDP grew at an annualized rate of 2 percent during third quarter 2011, which represents a gain over the second-quarter figure of 1.3 percent. Consumption spending and business fixed investment were particularly strong. Preliminary indicators—such as retail sales, industrial production and trade—suggest U.S. real GDP will show even stronger … [Read more...] about January 2012: Business Indicators
What’s the biggest change you saw in 2011 as it relates to business?
“The biggest change was the emergence of the short-term foreclosure investor, who buys homes in homeowner associations at foreclosure sales. Short-term foreclosure investors are only interested in a quick resale at a profit, not the long-term health of the homeowners association, and oppose any regulation or fee imposed by an association.” Paul Terry • President of Community … [Read more...] about What’s the biggest change you saw in 2011 as it relates to business?
‘Tis the Season to Give: Businesses Help Nevada Communities
During the holiday season it’s natural to think about helping the less fortunate, but it’s also a good time to point out that Nevada businesses donate all year long to make our communities better. Despite what the progressives and the liberal media would have you believe, business owners and corporations are not the Ebenezer Scrooges of today. Businesses both large and small … [Read more...] about ‘Tis the Season to Give: Businesses Help Nevada Communities
Power Women: Enough Said
The name says it all. Nevada’s Power Women are helping to shape the state and working for the betterment of our communities. They are in the trenches day in and day out with the goal of improving where we live and work. They say behind every great man is a woman; we say, behind every great state are several women. We’re honored to include this year’s Power Women in the … [Read more...] about Power Women: Enough Said