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Nevada Consultants Weigh In On Conflicting Reports Assessing State’s Business Climate

CARSON CITY – Last year Gov. Brian Sandoval was pleased to display a copy of Chief Executive magazine in which Nevada ranked 5th best among the states as a place to do business based on a survey of more than 600 chief executive officers.
Nevada’s ranking has since fallen to 10th but remained in the Top 10 this year.
More recently, however, CNBC scored all 50 states on 10 categories of competitiveness, including the cost of doing business, workforce and quality of life. Nevada found itself wanting in the review, placing 45th in the analysis.

Such studies come out on a fairly regular basis, some rating Nevada highly and others giving the state poor marks.
So who is right?
Jeremy Aguero, a principal analyst with Las Vegas-based Applied Analysis, a financial advisory and economic consulting firm, says that while he appreciates the effort put into the studies, he doesn’t see the reports as overly useful.

Jeremy Aguero of Applied Analysis

“We don’t spend a whole lot of time on them, nor do we see them as being remarkably valid or important to the process,” he said. “Economic development, like anything else to most business people, is a consideration that must be unique to them.”
Multiple factors from tax structure to the ability to move goods play important roles in such decisions for businesses based on what their companies do, Aguero said.
“So this idea that you can sort of paint the economy with a broad brush I don’t think is very fair or very helpful,” he said.
Lisa Mayo-DeRiso of Las Vegas, who assists people seeking to start new companies and invest in Southern Nevada businesses, said the truth of the divergent studies is likely somewhere in the middle.
“Do you meet up with somebody who is very positive and has a great attitude about Las Vegas, or do you run into people that maybe don’t have as positive an attitude,” she said. “I think a lot of it depends on what conversations you have as you look at doing your due diligence.”
Mayo-DeRiso, president of Mayo & Associates, said interest in Southern Nevada appears to have increased in recent months.
One new and innovative business, Blue Oasis Pure Shrimp, is growing shrimp in Southern Nevada to produce a locally grown, healthy product to provide to the hotel industry. The 40 million tourists who visit Las Vegas each year consume 22 million pounds of shrimp, she said.
“Now you are meeting demand and you are creating jobs to meet that demand,” she said.

Lisa Mayo-DeRiso of Mayo & Associates

Mayo-DeRiso said certain industries make a lot of sense for Southern Nevada. Medical facilities and medical tourism, for example, have great potential because the area is so under served in this area, she said.
Having worked on several business relocations that took as many as seven years to conclude, it is clear that bringing in a company is a time-consuming process that can’t be accomplished quickly, Mayo-DeRiso said.
“If anybody tells you you can move an industry here in a year, or two years, they’re crazy,” she said.
Mayo-DeRiso is upbeat about Las Vegas.
“I think everybody has to have a positive attitude, all the way from the governor all the way down to the people that give out land entitlements or work with people on leasing space and so forth,” she said.
Guy Hobbs of Hobbs, Ong & Associates, a Las Vegas consulting firm, agreed that the studies don’t have a lot of value in helping with the state’s diversification efforts.
He noted the executive survey ranked the states in three general areas: taxation and regulation, quality of workforce and living environment, while the CNBC analysis measured 10 categories, including education, where we placed 50th.
“There’s a huge difference between competing for a warehousing operation than competing for an R&D and tech type of company,” Hobbs said.

Guy Hobbs of Hobbs, Ong & Associates

“So I think it’s kind of hard to look at either one of these and take them too seriously,” he said. “When you look at just taxation and regulation, which is, I think, the area in which most of this comes up, yes, we’re probably one of the better environments in the entire country from a tax and regulatory standpoint or business friendliness standpoint, no question about that.”
This factor alone has not resulted in comprehensive economic diversification in the state, however, Hobbs said.
Nevada’s current climate, with its loss of much of the construction segment of the economy, does give policymakers a chance to try some new ideas, he said. But leaders need to assess what the state’s specific advantages are that can then be marketed globally to attract new business, he said.
“Effectively we have an opportunity to reinvent what we hope our economy will be, and that’s more than just talking about economic development and diversification,” Hobbs said. “You have to make a commitment to it, and evidence that commitment by the policy actions that are taken.”
Aguero said many businesses have voted with their feet, and it is not a coincidence that Nevada led the nation in employment growth and new business formation over the better part of the last 20 years, the great recession notwithstanding.
“That is the greater measure than merely a set of statistics that may or may not accurately reflect the considerations of individual business,” he said. “The fundamental question I think for us as a community is will the strength that we have play toward the areas that we want to develop economically, from an economic development or diversity standpoint.
“If the answer to that question isn’t yes, then we need to make some changes and go for it,” Aguero said. “But I think it would be economically disastrous to try and be everything to everyone.”
Audio clips:
Jeremy Aguero says the analyses are not particularly important to the economic development process:
070711Aguero1 :19 unique to them.”
Aguero says painting the economy with a broad brush is not helpful:
070711Aguero2 :08 or very helpful.”
Aguero says a true measure is Nevada’s employment growth:
070711Aguero3 :23 an individual business.”
Aguero says Nevada can’t be everything to everyone:
070711Aguero4 :22 everything to everyone.”
Lisa Mayo-DeRiso says views of Las Vegas as a business choice depend on who you interact with:
070711Mayo-DeRiso1 :16 your due diligence.”
Mayo-DeRiso says everyone needs to have a positive attitude:
070711Mayo-DeRiso2 :14 and so forth.”
Guy Hobbs says it is hard to take either assessment too seriously:
070711Hobbs1 :26 question about that.”
Hobbs says Nevada has a chance to reinvent its economy:
070711Hobbs2 :18 that are taken.”
 
 


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The University of Nevada, Reno’s newest mountaintop camera at Lake Tahoe has just been installed, and has been tracking the smoke from the King Fire in El Dorado County, Calif., which has been inundating the Lake Tahoe Basin, Carson City and Reno areas with smoke in the afternoons.

Highway 50 remains closed this morning in El Dorado County from Sly Park Road to Fresh Pond due to burning trees falling on the roadway. The King Fire east of Pollock Pines has grown considerably burning 18,544 acres and fire crews have not been able to gain any ground. Just 5 percent has been contained.

Meanwhile, a fire broke out south of Carson City in Mono County, Calif., Tuesday near June Lake. Highway 395 was open as of Wednesday morning, however Highway 158 at Oh Ridge Point is closed, according to the Mono County Sheriff’s Office.

Carson City Transportation Manager Patrick Pittenger said the downtown Carson Street makeover isn’t reinventing the wheel and will gain acceptance once finished.

With a packed house and lots of questions, Carson City residents had a chance Tuesday to see what enhanced downtown landscaping, street and sidewalk improvements would look like in a planned redesign of downtown.

The Carson Street improvement project is part of an overall plan to revitalize the commercial corridors throughout Carson City. The improvements, made public during two workshops at the Carson City Community Center, will be funded through sales tax revenues, one-eighth of a cent, approved earlier this by the Carson City Board of Supervisors.

Here is this week's fishing report for rivers, lakes and streams in Nevada and Northern California. This report is for the week of Sept. 17-23, 2014.

Food and restaurant inspections are made weekly by the Carson City Health and Human Services Environmental Health Division. The 10 inspections listed here were made through Sept. 15, 2014.

Inspections include several school cafeterias, a bakery, caterer, a church, the Carson City Senior Center, a bar and lounge and a retail food producer.

See the full report below.

Nordyke Ranch House in Lyon County, south of Yerington, was listed in the Nevada State Register of Historic Places on Sept. 12, 2014. As one of the few remaining buildings of the small ranching community of Nordyke, the ranch house stands as a visible reminder of Mason Valley’s agricultural development in the early 20th century.

September marks the 50th Anniversary of the Wilderness Act, legislation that protected more than 9 million acres of federal land. Marge Sill, considered by some to be the "mother of Nevada wilderness" will help the Nevada State Museum celebrate the occasion from 6:30 to 7:30 p.m. Thursday, Sept. 25.

This Thursday, from 10 a.m. to 10 p.m., The Pizza Factory is helping to raise money for the Eagle Valley Middle School Parent Teacher Organization. The generous owners will be donating 20 percent off the entire day's earnings back to our school to help pay for CRT snacks for the entire student body and hopefully buy us some much needed outdoor picnic tables for our students and staff to enjoy during the beautiful weather.

The IRS has discovered false claims for child tax credits for returns filed by U.S. citizens that live in Israel. It may involve tens of millions of dollars.

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The National Weather Service in Reno has provided this image which shows the probable areas of smoke through Friday based on forecast wind information and assuming the King Fire remains active.

Southwest winds will keep the smoke area in the general same area through Wednesday. Winds will turn more westerly behind a cold front on Thursday and push smoke more into western Nevada.

Tuneville Sept. 19 will be in the Performance Hall Lobby
Musicians are invited to "Give What You Can and Play" before the film "Find Your Way: A Busker's Documentary" this Friday at the Brewery Arts Center in Carson City. Tuneville Session invites acoustic musicians to play at the BAC Performance Hall lobby Sept. 19 from 5 to 6:45 p.m.

The Boys & Girls Clubs of Western Nevada announced Tuesday that Red’s Old 395 Grill in Carson City is a spotlight business of the month. During the month of September, Red’s Old 395 Grill is collecting funds for a donation to the organization.

A 22-year-old Carson City man was arrested Monday on a felony charge of parole violation and misdemeanor charges of petit larceny after allegedly taking clothing and a watch from two department stores, a Carson City sheriff’s deputy said.

Shawn Anderson was booked into jail at 6:38 p.m. without bail awaiting a hearing for the parole violation charge. According to the arrest report, Anderson was stopped outside of Kohl’s by loss prevention after being seen leaving the store with a shirt. Anderson threw the shirt at the security officer and took off running, leaving his getaway vehicle.

As of 3 p.m. on Monday, Sept. 15, the Carson City Chamber of Commerce has officially purchased the Visitors Bureau share of the building both agencies jointly inhabited since 1989. The Visitors Bureau is now leasing space in the downtown core at the corner of Carson and Washington Street at 716 N. Carson Street.

The Chamber will remain at 1900 S. Carson Street and will occupy the space vacated by the Bureau after extensive remodeling. Both agencies will have official open houses in the near future.

So for the last couple of weeks we have seen the issue of domestic violence come into the forefront of major sports and its athletes. The NFL of course taking most of the attention with the Ray Rice turmoil. MLB has also been put into the spotlight when its commissioner Bud Selig was asked about the issue during his farewell tour in San Francisco. Here is part of what he had to say on the subject:

The presence of West Nile Virus has been confirmed in Carson City, the Nevada Department of Agriculture announced Monday. Officials tested wetlands, ditches and other small bodies of water during the first week of September and of the samples collected so far the virus is present in one of the test sites.

The site was in a rural, eastern area of Carson City, along the Carson River, said Dustin Boothe, division manager and epidemiologist for the Carson City Health and Human Services.

Saying Lyon County receives little or no financial benefit from the project, the Lyon County Board of Commissioners voted earlier this month to reject a request from the Nevada Commission for the Reconstruction of the V&T Railway for funding.
The commission requested Lyon, Storey and Douglas counties and Carson City to contribute funding to the commission’s budget, as stipulated in the enabling legislation that created the V&T Commission.

Low pressure nearing the California coast will continue to produce gusty winds across the Sierra and western Nevada Tuesday and Wednesday, according to the National Weather Service in Reno.

Peak gusts by Wednesday could reach 40 mph with stronger gusts in wind prone areas. Boaters on Lake Tahoe should use caution Tuesday and consider staying off the lake Wednesday. Travel may also be restricted along Interstate 80 and Highway 395 for high profile vehicles.

There’s something special about a good parody. I always get a laugh when something is turned on its head and shown in a new comedic light. Lately, I’ve realized I can do that with my own fallible actions. When I use humor on it, I render it powerless, shut up the nagging negatively in my head, and can actually laugh at myself.