Revised estimates for fourth quarter 2012 show U.S. real GDP increasing at an annualized rate of 0.4 percent, a little higher than the “second” estimated rate of 0.1 percent. Private inventory investment, federal government spending, and exports made negative contributions. The reduction in federal government spending comes after a surge in defense spending during third … [Read more...] about May 2013: Business Indicators
Reno business
What was the first thing you bought with money you had earned yourself?
“At nine years old I started my first business renting sleds and toboggans out of my dad’s television repair shop. The business was booming and I was able to buy my first pair of skis that winter.” Scott Meier • Co-Owner, Right Now Air - “I was 14 and wanted the coolest shoes that everyone was wearing (Adidas). My dad said my shoes were just fine. I still wanted them; he … [Read more...] about What was the first thing you bought with money you had earned yourself?
The Right Person for the Right Job
What Employers are Offering to Find the Right Employees In January 2000, when unemployment in Nevada stood at 3.8 percent, everyone who wanted a job was working. Retention was key for businesses and if the quality employees that employers wanted to retain requested bright orange walls and a slide in the lunchroom, or wanted to work flex-time hours, employers did what they … [Read more...] about The Right Person for the Right Job
Industry Focus: Alternative Energy
Nevada’s alternative energy sector has seen a plethora of hills and valleys in recent years. From federal funding challenges to educating the general populace about alternative energy, the sector has seen its share of challenges. Recently, executives representing various alternative energy interests throughout the state met at the Reno offices of City National Bank to discuss … [Read more...] about Industry Focus: Alternative Energy
Risk Management: A Necessary Consideration
As president and owner of Heuer Insurance Company in Sparks, Larry Heuer is well aware of the catastrophic losses businesses have the potential to experience if they don’t practice appropriate risk management. As an example of sound risk management, however, he chooses to remember a client who suffered a large loss due to a fire caused by a tenant in one of his upscale … [Read more...] about Risk Management: A Necessary Consideration
April 2013: Around the State
IRS Announces Over $11 Million in Unclaimed Refunds for Nevadans The Internal Revenue Service (IRS) has announced that Nevadans who didn’t file a tax return in 2009 are entitled to over $11 million in unclaimed funds. The agency estimates a median $559 refund is waiting for just over 12,500 individuals in the Silver State. Returns from 2009 must be filed by April 15th of this … [Read more...] about April 2013: Around the State
Kaaran Thomas: McDonald Carano Wilson LLP
Attorney & Author Reno https://www.mcdonaldcarano.com/ What is the biggest challenge your industry is facing? The lack of skilled practitioners and judges. We’ve been overwhelmed by the number of bankruptcy filings and the complexity of the financial problems they pose. Congress needs to appoint more bankruptcy judges and the law schools need to turn out more … [Read more...] about Kaaran Thomas: McDonald Carano Wilson LLP
Retail Summary: Fourth Quarter 2012
Las Vegas By the end of 2012, vacancies in the retail sector reached their lowest level since the first quarter of 2009. The vacancy rate ended the year at 9.9 percent, down 0.3 percentage points when compared to last quarter (Q3 2012). Compared to a year ago (Q4 2011) the rate is down an even greater 0.7 percentage points. The latest market activity suggests the retail sector … [Read more...] about Retail Summary: Fourth Quarter 2012
April 2013: Business Indicators
Revised estimates for fourth quarter 2012 show U.S. real GDP increasing by an annualized rate of 0.1 percent. Private inventory investment, federal government spending, and exports made negative contributions. The reduction in federal government spending comes after a surge in defense spending during third quarter, as a response to possible sequestration. In addition, Europe’s … [Read more...] about April 2013: Business Indicators
May 2012: Business Indicators
U.S. real GDP grew at an annualized rate of 3.0 percent during fourth quarter 2011, representing a substantial gain over the third-quarter rate of 1.8 percent. Consumption spending and inventory investment were particularly strong. Residential and business fixed investment slowed. Imports and government spending made negative contributions. U.S. nonfarm employment rose by only … [Read more...] about May 2012: Business Indicators
Industry Focus: Investment Firms
The financial services industry has experienced a few rough years but, like many other industries, is beginning to see a bit of a turn-a-round. With individuals beginning to show an interest in wise investments and a slow unclenching of funds, the financial industry is poised for a good year. Connie Brennan, publisher of Nevada Business Magazine, served as moderator for the … [Read more...] about Industry Focus: Investment Firms
Alternative Energy: Still Energetic?
With the economy still languishing and no dramatic change in sight, questions need to be asked: Is the green movement retaining the fervor it had seen in the past? Does alternative energy have a shot at becoming a diversifying factor for Nevada? How will the movement ultimately affect Nevada’s diversity base? Are the jobs there for the long run? Does the industry stand on its … [Read more...] about Alternative Energy: Still Energetic?
March 2012: Around the State
Governor to Head Trade Mission to Israel The Governor’s Office of Economic Development has announced that Governor Brian Sandoval will lead a Nevada trade mission to Israel in mid-May. The trade mission will include opportunities to discuss the technologies that Nevada and Israel are pursuing to expand their water supplies for residential and commercial needs. Other areas of … [Read more...] about March 2012: Around the State
Series LLCs: Protect Your Investment
With home prices at historic lows, and mortgage interest rates around 4%, real estate investment is on the rise. If you own (or are considering owning) multiple rental properties, consider starting a series LLC (“Series LLC”) to maximize liability protection and save costs. Since the creation of limited liability companies (“LLCs”), an owner of multiple real estate … [Read more...] about Series LLCs: Protect Your Investment
Office Summary: Fourth Quarter 2011
Las Vegas The office sector’s performance continues to struggle as pricing fell amid a continued supply-demand imbalance. Rising three-tenths of one percent from the prior quarter, the vacancy rate reached yet another all-time high at 25.3 percent by the close of the fourth quarter of 2011. For the year, the vacancy rate climbed 1.5 percentage points. Despite weak market … [Read more...] about Office Summary: Fourth Quarter 2011