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Politics • Retail Market • Special Report: NAIOP THE GOLDISSUE MINING IN NEVADA Politics • Retail Market • Special Report: NAIOP $4.95 June 2010 www.NevadaBusiness.com The solutions you need to move your Get up to 3 months business forward. Cox Business InternetSM • Download speeds up to 50 Mbps FREE • Static IP address available to businesses of all sizes when you bundle • Anti-Spam/Anti-Virus protection business phone • Online Backup included with features Cox Business Voice • Business-grade voice lines plus get FREE installation.* • Domestic and international long distance and toll-free services • Customized feature packages Cox Business Video Call 702-939-1148 today • Multiple packages to choose from or visit coxbusiness.com • Pay only for the channels you need • Easy-to-use, interactive, on-screen program guide *Offer valid until 6/30/10 to new commercial subscribers of Cox Business Voice, Cox Business InternetSM, or Cox Business Video in Cox-wired serviceable locations. “Free months” offer is based on the contract term. Receive three (3) free months with a 3-year contract, two (2) free months with a 2-year contract or one (1) free month with a 1-year contract. Free month(s) will be credited on the 1st, 2nd and 3rd month billing statement. Installation is free with a 3-year contract. Free installation is capped at $350. Does not include Cox Optical Internet and Ethernet services. Discounts are not valid in combination with or in addition to other promotions, and cannot be applied to any other Cox account. Rates vary and are subject to change. Offer does not include Long Distance, or Voice Mail, a la carte features and does not include applicable taxes, surcharges or fees. An HDTV set and HD receiver required in order to receive Cox HD service. HDTV sets and other consumer-owned devices equipped with a CableCARD may require a digital set-top receiver in order to receive all programming options offered by Cox Digital Cable. Number of digital outlets may be limited. All programming and pricing are subject to change. Programming may vary by location. Services provided by Cox Business, a division of CoxCom, Inc. Services not available in all areas. Other restrictions apply. ©2010 CoxCom, Inc., d/b/a Cox Communications Las Vegas, Inc. All rights reserved. 23 June 2010 www.NevadaBusiness.com 23 June 2010 June 2010 3 Commentary Volume 25 • No. 6 Put Local Businesses First A division of Business Link, LLC Bidding Preferences Make Sense for Nevada Publisher Lyle E. Brennan • [email protected] Did you know that Nevada firms are not given any preference over out-of-state companies Publisher / CEO on o bids t provide goods and services to local government? Existing law does provide a 5 Connie Brennan • [email protected] percent preference in bidding on public works and highway construction projects, but that Managing Editor doesn’t help local companies that might want to supply products or provide professional ser- Tarah Figueroa • [email protected] vices. Nearly 40 states give bidder’s preferences to local firms in order to keep jobs in their Art Director state o and t strengthen small businesses hit hard in the current economy. It’s time Nevada took Chris Tucker • [email protected] some n steps i this direction as well. Research / Ranking Nevada In fact, the 2009 Legislature introduced AB 147, which would have required local govern- [email protected] mentso t grant a 5 percent preference to local bidders when assigning contracts for goods or services costing $50,000 or more. The bill was supported by the Las Vegas Chamber of Com- Web Editor / Circulation Aleina Richardson • [email protected] merce, the Nevada Association of Counties, the Nevada League of Cities and Municipalities, and many other organizations. After passing both houses, the bill was vetoed by the governor. Online Marketing Director Harry Benson • [email protected] Because lawmakers were unable to override his veto, it never became law. Governor Gibbons claimed the bill would have cost the state more money, but that’s only Contributing Writers Doresa Banning • Jennifer Rachel Baumer one n issue i a complex situation. All other things being equal, if a local company and an out- Geoffrey Lawrence • Gregory Pike • Jeanne Lauf Walpole of-state company submit bids that are very close in price, it makes sense to grant the contract to the homegrown firm. Nevada businesses that win contracts provide jobs for Nevada workers, Advertising / Sales Joy Crossman • [email protected] whose salaries circulate throughout their communities, producing a multiplier effect that helps Maggie Bennett • [email protected] us all. With Nevada’s unemployment rate at nearly 14 percent, keeping jobs in the state is more Subscriptions important than ever. Higher employment also means lower demands for social services like [email protected] Medicaid, which are paid for by tax dollars. Local companies’ profits stay in Nevada instead of being shipped out of state, and these dol- Reprints For more info call (800) 259-0470 lars circulate through the economy as well. In addition, local businesses are more likely to buy from local suppliers, helping those businesses and the whole economy stay healthy. In fact, one Northern Nevada Advisory Board Chuck Alvey • EDAWN recent Arizona study concluded that money paid to an independent local supplier recirculated Krys T. Bart • Reno Tahoe Airport Authority three times as much in the local economy as money paid to a national firm. Tom Clark • Holland & Hart, LLP Businesses with roots in the community are also more likely to support local charities and Connie Fent • Community Representative Valerie Glenn • The Glenn Group provide much-needed pro bono work. Simply put, the fiscal impact of the bidding preference Rick Gray • Fallon Convention and Tourism Authority is y offset b the benefits of keeping jobs and dollars in Nevada. David LaPlante • Twelve Horses During the legislative hearings for AB 147, Assemblywoman Ellen Spiegel reported that Ellen Oppenheim • RSCVA a Nevada company and a Colorado company were the two lowest bidders to produce a book Corporate Office about Nevada tourism for the film industry. The Colorado firm bid $130 less than the Nevada 375 N. Stephanie St., Suite 2311 • Henderson, NV 89014 company,o s it was awarded the contract, worth tens of thousands of dollars. There have been P (702) 735-7003 • F (702) 733-5953 instancesn i which two firms bid exactly the same amount of money for a project – one a Ne- Reno: P (775) 583-8113 vada company and the other from out of state – and the outcome was decided by cutting cards, Web Site: nevadabusiness.com supposedlyo t make it a fair decision. TopRank Nevada: topranknevada.com In December 2009, the Secretary of State’s office bypassed seven Nevada firms to award a $866,000 contract to a Minnesota company to help collect census data in Nevada. And in March 2010 the Secretary of State’s office announced that 20 companies awarded lucrative state contracts weren’t even registered to do business in Nevada. Economic development agencies throughout the state are always looking for ways to en- Nevada Business Journal, Nevada Business Magazine and Nevada Business are divisions of Business Link, LLC. 375 N. Stephanie St.,Bldg. 23, Suite 2311, Henderson, NV 89014. It courage companies to come to Nevada, bringing in jobs and boosting the economy. What is listed in Standard Rates and Data, #20A-Business-Metro, State and Regional. TopRank about businesses that are already here? We need to do whatever we can to support them, and Nevada – Annual Statewide Book of Lists is a publication of Nevada Business Magazine. Advertisers should contact Sales at (702) 735-7003, or write to: Nevada Business Magazine, 375 N. Stephanie St., Bldg. 23, Suite 2311, Henderson, NV 89014. Demographic information establishing a bidder’s preference seems like a logical first step. available upon request. Month-to-month circulation may vary. Nevada Business Magazine is published monthly with one additional issue each year. Sub- scription rate is $44.00 per year. Special order single-copy price is $7.50. TopRank Nevada – Annual Statewide Book of Lists, a compilation of lists which have appeared in Nevada Business Magazine over the past 12 months, is published on an annual basis. Lyle E. Brennan All contents ©2009 copyright, and reproduction of material appearing in Nevada Business Magazine and TopRank Nevada – Annual Statewide Book of Lists is prohibited unless so authorized by the publisher. Publisher reserves the right to refuse service to any agency, indi- Publisher vidual, business, company or organization. CHANGE OF ADDRESS: POSTMASTER: Send address changes to Nevada Business Magazine, 375 N. Stephanie St., Bldg. 23, Suite 2311, Henderson, NV 89014. Subscribers please include previous address or mailing label. Allow six weeks. EDITORIAL SUBMISSIONS: Address all submissions to the attention of Tarah Figueroa. Unso- licited manuscripts must be accompanied by a SASE. Nevada Business Magazine assumes COMMENTS no responsibility for unsolicited materials. DISCLAIMER: Editorial views expressed in this magazine, as well as those appearing in [email protected] area focus and industry focus supplements are not necessarily those of the publisher or its boards. 45 June 2010 www.NevadaBusiness.com Contents COVER STORY The Gold Issue Miningn I Nevada By Doresa Banning 6 SPECIAL REPORT NAIOP Southern Nevada Southern Nevada’s premier commercial real estate organization makes members a priority. 4 Commentary • Lyle Brennan FEATURES 20 Around The State 10 Nevada Election 2010 • Jennifer Rachel Baumer 15 Industry Focus: Technology 29 Face to Face • Gregory Pike 35 Building Nevada: Time To Buy?• Jeanne Lauf Walpole 32 Free Market Watch • Geoffrey Lawrence Commercial Retail Market in Nevada Fix the Approach, Fix the Problem 38 ReD Report 44 Commercial RE Report Tracking Nevada’s Deals 42 TopRank Nevada 45 Business Indicators Law Firms, Advertising/Marketing Firms, Commercial Insurance Brokerages 46 The Last Word CORRECTION: In the May issue, UNLV is incorrectly attributed as the largest higher education institution in the state.
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