This week's 10-year look-back at the March 28, 2011, NNBW includes a story on recent geothermal lease activity and a feature on how the region’s economic leaders "believe it’s time to begin thinking seriously once again about the future."
2020 marked the largest and lengthiest state activation in Nevada National Guard history — and what many might not realize is a majority of these men and women putting in long days and weekends to assist the state’s COVID response have full or part-time jobs that they had to temporarily leave.
Assemblywoman Heidi Kasama (R-Las Vegas), a real estate broker and property manager, was among those critical of Tuesday's announcement: "Landlords ... are at their wit's end because they can't pay their bills, they can't pay their mortgages, and they're losing their life savings..."
Located roughly 100 miles east of Reno, the 20-acre mining parcel in Pershing County is reportedly patented private property with physical proof of gold and silver present.
The course was designed to help startup companies with ties to UNR accelerate their businesses, while providing students with valuable entrepreneurial experience.
After relaunching in November of 2020, the Nevada Craft Brewer’s Association this month announced its 2021 Executive Board.
With Plumas Bancorp's earnings increasing 1,400% since 2010 and trading increasing from $2 a share to around $30 a share, Andrew Ryback, president/CEO, said moving corporate headquarters to Reno is a key step to building on that momentum.
“Remember to take advantage of the newly extended employee retention credit, designed to make it easier for businesses that — despite challenges posed by COVID-19 — chose to keep their employees on the payroll.”
Curtis Jones, president of the Technology Center Inc. in Sparks, said without the legislation, electronics will increasingly end up in landfills and businesses such as his will be forced to close.
That past year has shown that some Baby Boomers who stayed with their stock portfolio possibly had their retirement plans accelerated by the pandemic. Others may retire early because of the unique health barriers posed by the coronavirus.
Per Travel Nevada, grants were awarded to nonprofits for tourism marketing projects that will result in overnight stays, ultimately increasing room tax revenue for the state.
“It's really been the most unexpected thing ever. I never planned or thought I would be running a business," says Nicki Simon, owner of Baked by Nicki.
A 41.5% decrease in win on the Las Vegas Strip ($348.4 million in February 2021 versus $596.1 million in 2020) accounted for almost 92% of the statewide difference.
“Now is the time to provide certainty in an uncertain time by implementing a solid estate plan.”
Nicolas previously worked on the East Coast as associate market manager with Merrill Lynch in the Westchester-Greenwich market.
The seasonally adjusted jobless rate in Nevada is 8.3% for February, with 153,500 fewer people working than in February 2020.
“We freaked out about it for one day ... and then we went into action mode and threw as much spaghetti at the wall as we could.”
“We’ve already seen a mass exodus of landlords leaving the state as a result of some of the burdens and policies that have made the cost of doing business in the state of Nevada just too much to bear,” said Maggie O’Flaherty of the Manufactured Home Community Owners Association. “And this will only continue if we continue to present similar kinds of undue hardship on landlords.”
Fawn Germer's “Coming Back!” gives direction and hope, and not just to laid-off, pandemic-affected workers — it’s got advice for new moms, caretakers, retirees and former sabbatical-takers.
Rhonda Hodges had previously owned and managed the Fallon title company for 37 years since its inception in 1983.
Liberty Group of Nevada, Inc., announced recently the addition of Stewart Guthrie as a licensed business broker at the company’s Reno office.
"We’re connecting drivers with customers and with dealerships and shops ... And by doing that, we’re really trying to become the next Grubhub, DoorDash, Uber Eats type of service," says Dawson Lamb, a UNR senior and co-founder MyKar, a local startup company.
"I think there’s a lot of opportunity for sports betting to grow with different technology platforms and different ways to interact."
Did you know that certain “tax-planning” strategies for businesses might undermine your total enterprise value, especially when owners are trying to assert that certain “perks” should be added back to EBITDA?
"We are still seeing a large number of new claims come in with new programs at the federal level and new extensions of the existing programs.”
Arensdorf, a GNCU member since 1972, is a former director for fiscal accountability for the Nevada Department of Education.
“We have a lot of out-of-area businesses with offices and headquarters here who bring in a lot of employees to visit for work purposes. That’s the real market," says Eric Lerude of Race178.
"While you may be considering what you’d like to accomplish for 2021, now is also a good time to get your estate planning house in order," suggests S. Victoria Kahn.
“Overcoming these biases to build wealth will take time but aren’t prohibitive — with the right advisers, networks and resources, women can close the gap.”
This week's 10-year look-back to the March 21, 2011, edition of the NNBW includes a cover story about initial discussions among the Reno+Sparks Chamber, Northern Nevada Chamber and Economic Development Authority of Western Nevada about the chambers' eventual consolidation.
“For every $10 million in transit investment, business sales increase an average of $30 million," according to NDOT.
After a lost 2020 season that led to Greater Nevada Field needing a $3.85 million cash infusion to “maintain stadium and fan engagement," Reno Aces President Eric Edelstein says the vast majority of the team’s corporate sponsors have either rolled over or renewed their payments for the 2021 season, which is on deck for May.
"We heard loud and clear from entrepreneurs, creatives, freelancers and remote workers that they wanted to work in a collaborative space that wouldn’t break the bank."
"Looking at the 2021 tax season, it is important to understand this year may be filled with even more historic change ... it is crucial to be aware of how this can affect businesses as owners navigate the new environment."
"As emotionally unpleasant as it may be to contemplate, divorce planning should be an integral part of overall business and personal financial planning for business owners."
The owners of Vassar Market recently purchased the company’s property at 1870 Vassar St. in Reno in a transaction valued at $750,000.
PBS Reno CEO Kurt Mische, who's also 2021 chair of the Reno+Sparks Chamber, has joined the Nevada Broadcasters Association Board of Directors.
Bringing together both the financial and the operational management disciplines, operational analytics is increasingly becoming a tool of choice for the most successful businesses.
"Clients choose community banks because they want to be able to speak with a banker they know when they have difficult questions."
One year after the pandemic shut down the Silver State, the NNBW fielded responses from more than 20 business owners and executives in Northern Nevada — bars, banks, contractors, developers, Realtors, healthcare providers and more — to find out the biggest lessons learned and the biggest differences in how their industry now conducts business.
The Reno franchise at 5150 Mae Anne Ave. opened March 17 and is owned by father and son duo John and Joel Anderson.
"Having companies like Google invest in our state and expand connectivity sends a clear signal that Nevada is open for business and ready to diversify our economy and create jobs," Gov. Steve Sisolak said last week.
Construction began in November 2019 and created 236 clean energy construction jobs, over 90% of which were filled by Nevada residents.
The executive Class A office space occupies 15,000 square feet on the 15th floor of the Basin Street Properties-owned building at 300 E. 2nd St.
Douglas County reported a 10.2% YOY increase to $93.17 million in taxable sales in December, up from $84.47 million in 2019. Washoe, meanwhile, saw a 16.8% increase ($1.091 billion in 2020 compared to $934.1 million in 2019).
Washoe County's 4.9% jobless rate in January was far better than Clark County's 9.9% mark — though it's still off the record-low 2.8% pace the greater Reno-Sparks area enjoyed in December 2019.
The Desert Research Institute Foundation this month announced the addition of several long-time community leaders to its Board of Trustees.
Dan and Mary Wink, owners of the Northern Nevada franchise of CertaPro Painters, were named one of the top five finalists for CertaPro’s most prestigious award, the CertaCup.
"From what I’ve seen with our businesses, I do think we have a lot of talented individuals who are leading the charge in order to overcome the obstacles from COVID."
“This vaccination campaign is essential to getting our country and state back to normal," the governor said Wednesday.
Published every two years, the Nevada Gaming Fact Book provides a comprehensive look into the contributions of the state’s economic engine through employment, wages and benefits, investment dollars, tax revenue and corporate social responsibility programs, among other economic data.
"Expediting the mines will help save our environment, our ranching and agriculture industries, and our wildlife. And it will produce huge tax revenues and employ thousands of Nevadans in high-paying jobs."
Amanda Lavi recently joined Colliers International as a Senior Associate in the real estate services firm’s Reno office.
Woods served as Senior Director of Government Affairs for Anthem Blue Cross and Blue Shield until 2020 and was a former VP for the Retail Association of Nevada.
Achievement Beyond Obstacles (ABO Reno) began in 1996 as a local Rotary Club program to support youth in our community, specifically students in their senior year of high school. Plumas Bank sponsors this content.
A reservoir of consumer spending on boats has formed over the past year among households flush with cash amid COVID.
This week, we look back 10 years to the optimism the new owners of the Siena casino-resort in downtown Reno once had after buying the shuttered property for $3.9 million in a bankruptcy auction.
"The Act's toothlessness incentivizes public officials to slow-walk or stonewall records requests they view as problematic or just plain irksome."
Formerly known as Reno Restaurant Week, the event was created in 2020 to support and celebrate the Reno-Carson-Tahoe food and drink community, says Cheree Boteler, founder of Hungry in Reno.
Alston Construction announced this month the promotion of Matt Clafton to Senior Vice President and Regional Manager for Nevada, Oregon and Washington.
From sports trading cards to Pokémon, memorabilia sales have skyrocketed throughout Northern Nevada over the past year, say business owners at Ball Hogs Sports Collectibles and More in Reno and The Nest Cards and Collectibles in Carson City.
On Monday, most businesses in the state and throughout Washoe County were allowed to increase capacity to 50%, including bars and restaurants.
"This year, our legislators will be considering whether to repeal the death penalty, and we should include it in our discussions of criminal justice reform."
Mark Tanner Construction's new 5,000-square-foot office facility on Nowlin Road includes three acres of yard and warehouse space.
Since launching its first FootPRINT Fund program in 2007, the Reno branch of Allegra Marketing Print Mail has awarded nearly $100,000 to Northern Nevada nonprofits.
Plain, co-owner and CEO of In Plain Sight Marketing, was recently accepted into the Goldman Sachs 10,000 Small Businesses National Cohort at Babson College in Massachusetts.
“It's a tough market to get good drivers ... sadly, it’s a shrinking workforce, and all of our companies have this opportunity to grow. So, we’re all fighting over the same drivers.”
“I know (claimants are) tired of us asking them to be patient ... we are working on it as quickly as we can, and very focused on getting it done," DETR Director Elisa Cafferata told The Nevada Independent last week.
It marks the second consecutive week of increases in initial jobless claims, according to DETR Nevada.
"There is a big difference between giving someone a raise and raising someone up."
Reno-based tech startup Flirtey has completed the technology needed to certify and expand U.S. production of its drone delivery system for last-mile delivery.
Cushman & Wakefield announced this month the additions of Amanda Eastwick, CCIM, and Makenna Backstrom to the firm’s office in Reno.
The $465,000 median price for the Reno market in February is down 1.4% from January’s mark of $470,500 and down 7% from December's record-high of $500,000.
"Yes, there are hundreds of things that can go wrong. But if it goes right, think of what it could mean for the state," Blockchains LLC CEO Jeff Berns told The Nevada Independent this week about the controversial “Innovation Zone" proposal.
The new business district is anticipated to generate $6.1 million annually — of that, roughly $3.15 million will be used primarily for marketing, promotions and special events.
The money will assist in creating an action plan "to diversify the regional economy, which has become dangerously dependent on the tourism sector," per the Tahoe Prosperity Center.
Oliverio works currently as Arts & Culture Director for Foothill Partners, the developer leading the construction of Reno Public Market.
"We have diversity in our overall business community in the region, not just Sparks, and I do feel like we do care and love each other."
Cyclone Transport is primarily engaged in hauling to manufacturing facilities, highway construction projects, ready mix plants and gold mines.
Commercial real estate firm ArchCrest Commercial Partners announced recently the promotion of Ryan Krueger to Vice President.
In South Lake Tahoe, the median sold home price hovers around $675,000 — a year ago n spring 2020, it was roughly $435,000, a roughly 55% YOY increase.
Nevada Sen. Jacky Rosen introduced legislation this week that would require the federal government to increase royalties by 50 percent for companies extracting oil and gas on public land.
Regional pest control companies "cannot hire fast enough” to keep up with demand driven by more people working from home and having time to notice those pesky critters.
“The cost of not fighting the climate crisis in our state is far greater ... than the cost of actually doing it," says Sen. Chris Brooks (D-Las Vegas).
This week's 10-year look-back at the March 7, 2011, edition of the NNBW includes stories about the challenges of finding dependable workers for Northern Nevada farms, rising building prices and conversations from economic officials about creating an “inland port” to solidify the state’s position as a logistics hub.
"To me, (the proposal) sounds like something right out of '1984,' if you remember that prescient book."
Julie Ott of Carter-Ott Appraisal, Ltd., will serve as chair of the Commercial Real Estate Women (CREW) of Northern Nevada board.
The new location, Shop for Success, showcases professional clothing for clients and a “budget-conscious designer boutique to support programs."
"She wouldn’t have survived without it.” Beto’s Mexican Food is one of 187 Reno businesses assisted financially by the city of Reno's Small Business Relief Fund for Minority and Women-Owned Businesses.
"Most elected officials and most leaders, even in the business community, have no clue how bad the housing crisis really is, and the reason they have no clue is because they're in their house and they're not being exposed to it," says EDAWN CEO Mike Kazmierski.
"So many of our nonprofits are here 24/7 to provide that comforting outstretched hand to give hope.”
“This plan levels the playing field as employers compete with larger organizations for recruitment and retention of qualified workers," says Reno+Sparks Chamber CEO Ann Silver.
Renown Health's Chief Human Resource Officer was recently recognized by Ragan Communications and Workplace Wellness Insider for her leadership and innovation.
Mitch Laughton, president of The Laughton Company, will serve as 2021 board chair of the Reno nonprofit JUSTin Hope Foundation.
“One of the lessons learned (about the manufacturing industry) is that it’s not just about financial solvency, it’s about being resilient. It’s being able to withstand these shocks to your market, whether it’s a major supply chain shifts or market demands."
The plan is due to the state’s COVID-19 task force on March 15 for review and approval, which is required by each county in order to implement its own roadmap for mitigation and enforcement.
The proposed fine is one of roughly 50 different policy decisions commissioners made in an hours-long meeting Thursday meant to establish "a sustainable VHR program in Douglas County.”
For the week ending Feb. 27, initial claims for unemployment insurance totaled 9,208, up 1,699 claims, or 22.6%, from the previous week.
"As we recover from the pandemic and the uncertainties of 2020, MacDougall will lead the Museum forward to a much stronger position in the coming years."
Between now and May 1, each county will be required to develop a plan in order to assume the authority to manage the powers delegated to them.
Groups representing landlords argue the legislations that it could reduce the state’s already strained supply of affordable rental housing and exacerbate pain for “mom and pop” landlords who they say are feeling “hammered” during ongoing eviction moratoriums.
"Blockchains LLC owner Jeff Berns, his wife Mary and brother David have already made promiscuous donations focused on Gov. Sisolak and allies to promote their self-serving 'Innovation Zone' vision."
“We are very excited to get open, create jobs and start brewing world class craft beer for the Carson Valley,” said Brew Master Ryan Bauer.
In her new role, Ippolito will expand responsibilities to work directly with firm president Kevin German to assist in managing overall company operations.
"I think artificial intelligence is going to be a really big industry and we’re already starting to see some of that here. I think automation ... is going to be critical."
“The cattle market has done fairly well compared to what COVID has done to the rest of the world."
The Las Vegas Sands emphasized that it is, despite keeping a corporate headquarters in the city, is “focused on reinvestment in Asia and high growth opportunities in new markets.”
International Women’s Day is coming up on Monday, March 8, and it's a great time to recognize the important role of women-owned businesses in Reno.
NV Energy, the NV Energy Foundation and NV Energy employees donated nearly $5 million in financial and in-kind donations to 259 Nevada nonprofit organizations in 2020.
Created roughly a year ago amid the pandemic, "SkillUp Northern Nevada" provides residents with free access to more than 5,000 online classes and 100 different certification programs.
Storey County commissioners voted Tuesday to oppose “separatist governing control” within their jurisdiction after Gov. Sisolak backed a legislative effort that could result in a private tech company and major campaign donor forming its own local government.
This week's 10-year look-back at the Feb. 24, 2011, NNBW features stories about YMCA of the Sierra's plans for a new wellness center at the old JCPenney building in downtown Reno and expansion plans for Allied Washoe Petroleum.
“We’re looking forward to entering the post-COVID era when we can have closer contact with people that need our assistance in our community,” said ALRS President Carol Harriman.
The nomination deadline is April 9 for the Northern Nevada Human Resources Association’s 14th annual Greater Reno-Tahoe Best Places To Work contest.
BlueZone Sports, a $6 million company in 2019, finished at nearly $11 million revenue in 2020 — an 83% increase, much of that due to the company's pandemic-impacted pivot to ecommerce. The move helped the retailer open a new brick-and-mortar location at the Summit Reno mall in November, creating an additional 10-15 jobs.
This influx of extra campaign spending comes at a time when the Democratically controlled Legislature has signaled a renewed interest in housing issues, especially as concerns mount over housing affordability and supply issues compounded by the economic fallout of the pandemic.
“City trash can installments don’t usually make headlines, but they’re a big deal within business improvement districts like downtown Reno.”
The 19-year-old skiers recently launched Thrival Muscle Recovery; its product mimics the action of a massage therapists’ hands and elbows while targeting the psoas muscle.
The urgent care at 6522 S. McCarran Blvd., Ste. A, is the vision of Dr. Ali Nairizi and is “the first locally-owned and operated urgent care specializing in alternative pain treatments.”
These days, more and more Californian residents and business owners are migrating over the hill to greater Reno-Sparks, driving a lot of demand across the region's self storage industry.
"... The end goal is a massive economic development investment in Nevada, and a chance ... to set down a marker that Nevada is the blockchain technology center of the world," the governor said Friday.
There have now been a total of 858,978 initial claims filed since the week ending March 14, 2020, at the onset of the pandemic's economic impacts in the Silver State.
Lakeside Inn announced it was permanently closing in April 2020 after 35 years in business due to financial impacts from the COVID-19 pandemic.
Over the past 12 years, a total of $270,000 has been awarded to more than 30 local nonprofit recipients via the IT Makeover Campaign.