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Nevada’s favorable tax climate has made the state a fertile location for the growth of trust companies.Twenty-seven family trusts are licensed in Nevada along with 18 retail trusts. Family trusts manage the assets of a particular family, while retail trusts (or general trusts) accept clients from the general public. The largest retail trust in the… → Read More
If it looks like a duck and quacks like a duck, it might be a goose.That’s how George E. Burns, commissioner for the Financials Department of the State of Nevada, Department of Business & Industry, described the types of depository institutions in the state. They all handle money and extend loans, but they are not… → Read More
Almost anywhere you drive in the Truckee Meadows, you can see apartment complexes rising from bare ground and cracked parking lots.An estimated 3,762 units are currently under construction, while → Read More
Housing needs in Northern Nevada dominated economic discussions in 2017, as job growth spurred population growth, increasing demand for housing, which increased housing prices because of low inventories.That discussion is likely to continue this year, even as the pace of residential development slowly increases. But demand continues to outpace supply.Permits for single-family homes in Washoe… → Read More
Housing needs in Northern Nevada dominated economic discussions in 2017, as job growth spurred population growth, increasing demand for housing, which increased housing prices because of low inventories.That discussion is likely to continue this year, even as the pace of residential development slowly increases. But demand continues to outpace supply.Permits for single-family homes in Washoe… → Read More
RENO, Nev. — Housing needs in Northern Nevada dominated economic discussions in 2017, as job growth spurred population growth, increasing demand for housing — which increased housing prices because of low inventories.That discussion is likely to continue this year, even as the pace of residential development slowly increases. But demand continues to outpace supply.Permits for… → Read More
Sometimes an innovative idea for a business or life-changing product connects with the resources to make it happen.And sometimes they come together when the idea is pitched to a team of angel investors or venture capitalists.Northwestern Nevada has a number of investor organizations springing up along with a rising spirit of entrepreneurship throughout the region.In… → Read More
Walking into a credit union feels much like walking into a bank. Both offer similar services such as checking accounts, mortgages and loans. Both have tellers, ATMs and online access. But behind the scenes, their operations are fundamentally different. Banks are owned by stockholders and their operations are designed to make a profit for those… → Read More
Walking into a credit union feels much like walking into a bank. Both offer similar services such as checking accounts, mortgages and loans. Both have tellers, ATMs and online access.But behind the scenes, their operations are fundamentally different.Banks are owned by stockholders and their operations are designed to make a profit for those owners.Members own… → Read More
Walking into a credit union feels much like walking into a bank. Both offer similar services such as checking accounts, mortgages and loans. Both have tellers, ATMs and online → Read More
The entrepreneur culture of Silicon Valley crossed paths with Reno’s startup culture recently during a networking event at Whitney Peak Hotel in Reno.The Founder Insights networking and panel event → Read More
Dress for Success starts with providing an outfit for an underprivileged woman to wear to a job interview. But the non-profit program that opened its doors last week in Reno provides a lot more than that. “Women are surrounded by supportive women,” Patti Pietsch Weiske, founder of the Reno-Northern Nevada branch of Dress for Success,… → Read More
There's nothing like the ride of a luxury automobile — the caress of fine leather seating; a ride so smooth it's more like flying; music and conversation devoid of road noise interference; and technology to satisfy an astronaut. In northwestern Nevada, the sale of luxury vehicles has been on a slow, rolling climb. → Read More
Northwestern Nevada has a lot going for it, according to economist Christopher Thornberg, of Los Angeles-based Beacon Economics.The influx of new businesses and industry has created a more balanced economy and an improving reputation, he told the NNBW in a phone interview.“The job trends are crazy strong,” said Thornberg, who will speak in Reno on… → Read More
Northwestern Nevada has a lot going for it, according to economist Christopher Thornberg, of Los Angeles-based Beacon Economics.The influx of new businesses and industry has created a more balanced economy and an improving reputation, he told the NNBW in a phone interview.“The job trends are crazy strong,” said Thornberg, who will speak in Reno on… → Read More
Eighty-four projects will add more than 10,000 new homes and apartments to Reno-Sparks in the next couple years, according to data from the Center for Regional Studies at the University of Nevada, Reno.Dozens of additional projects have approvals but have not yet broken ground. And more are moving through the approval process.Nevertheless, it’s not enough… → Read More
A host of dignitaries gathered Friday afternoon, Aug. 18, in a giant tent on the cracked parking lot of the former Park Lane Mall on East Plumb Lane to celebrate new life for the property. Developer Chip Bowlby, president and CEO of Reno Land, Inc., talked about the project, which will transform the 46-acre parcel… → Read More
When Rye Patch Gold Corp. purchased several mines along the Oreana Trend in north central Nevada, the benefits included a track record of successful gold production, exploration records, and → Read More
Step foot in the Randa Logistics building in the Gateway Commerce Center in Tahoe Reno Industrial Center and it appears typical of the giant distribution centers in the area: → Read More
RENO, Nev. — A new study by Nevada banking companies adds weight to previous discussions about the need to upgrade the workforce and STEM education in the schools, as → Read More