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BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


embracing awesomeness Kristin McMillan President & CEO

A

wesomeness.” It was one of the

spirit of the community pop-up. From the size of

representative responses we

the businesses exhibiting and attending, as well

received when surveying attendees

as the different industries and fields represented,

Tell us how you

as they departed the Chamber’s

Expo was an exciting melting pot of diversity

made the most

and collaboration.

of your Expo

Business Expo on June 20 at World Market Center in downtown Las Vegas. Business Expo

Let us know:

experience.

swarmed with the energy. Every inch of the

With its interactive community of exhibitors

trade show floor buzzed with conversation –

and attendees, Business Expo exemplified how

companies rediscovering new ways to connect

simple conversation can turn into connection,

and do business with one another. More than

how different industries and companies can

150 exhibitors and nearly 2,000 attendees were

relate and do business with each other, and how

poised to do business – not just to exchange

exposure to a new, innovative idea can spawn

business cards, but actually to do business.

inspiration. For those of you attending Expo

more than 150 exhibitors and nearly 2,000 attendees were poised to do business – not just to exchange business cards, but actually to do business.

Give us a call at 702.641.5822 or email info@ lvchamber.com. We’d love to hear from you.

Tell us how you made the most of your Expo experience. Give us a call

A number of tech start-up companies occupied

or any other event, our advice is to keep the

at 702.641.5822

Innovation Avenue, one of the streets at Expo’s

connection. Remember your conversations. Be a

or email info@

newly featured “pop-up business community.”

“first responder,” with urgency in follow-up and

lvchamber.com.

They were introduced to the business

follow-through. Engage your new connections

We’d love to

community for the first time and proved why

through social media – it’s a great way to stay

the start-up scene in Las Vegas is so vibrant

hear from you.

top of mind.

and dynamic. We’re looking forward to hearing more about We saw new products and original new services,

the results of your Expo experience. Know that

and were reintroduced to brands that have been

the Chamber is your biggest ally when it comes

longtime standards in Las Vegas. Exhibitors

to helping you make successful connections. For

strategically selected their booth placement

us, seeing that happen is “awesomeness.”

at the intersections of streets that embraced the spirit of their businesses. They got to know their “neighbors” a bit more during the day. Even the welcoming signage into Expo proclaiming, “Business starts here!” seemed to kick-off the

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

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table of contents JULY 2012 06

Chamber News

08

News You Need

15

Planting the Seeds

18

Your Scene | You’re Scene

20

What’s Happening

24

Spotlights

26

In the Know

28

Member News

34

Ribbon Cuttings

36

Member to Member

37

Marketplace

38

Vegas Young Professionals

is your business ready? 12 nevada drug card

working for you

12

09

member insights 22 4

bringing energy to

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

the people

6

cover photo by francis + francis


bv business voice

V ol u me 3 3 N u mber 7 Las Vegas Chamber of Commerce 6671 Las Vegas Blvd. South, Ste. 300 Las Vegas, NV 89119-3290 702.641.5822 • LVChamber.com Kristin McMillan President & CEO Las Vegas Chamber of Commerce 2012 Board of Trustees Executive Committee Kevin Orrock

Chairman of the Board The Howard Hughes Corporation

Jay Barrett

Chairman-Elect The JABarrett Company

Michael J. Bonner

Immediate Past Chairman Greenberg Traurig, LLP

Hugh Anderson

Anderson & Delutri @ Merrill Lynch

Russ Joyner

Miracle Mile Shops

Vicky VanMeetren

St. Rose Dominican Hospitals, San Martín Campus

Nancy Wong

Arcata Associates, Inc.

AD

Trustees Bob Ansara

Ricardo’s of Las Vegas, Inc.

Bob Brown

Las Vegas Review-Journal

Senator Richard Bryan Lionel Sawyer & Collins

Kevin Burke

Burke Construction Group, Inc.

Tim Cashman

Las Vegas Harley-Davidson

Cornelius Eason Jonathan Halkyard Dallas Haun

Nevada State Bank

Corey Jenkins

SAVMOR Rent a Car

Bart Jones

Merlin Contracting & Developing

Production Team

Bill Nelson

Piercy Bowler Taylor & Kern

John Osborn Publisher

Cara Roberts

Executive Editor

Greta Seidman

Managing Editor

Ben Myhre

Graphic Designer

MJ Dennis

Production Coordinator

Carol Skerlich

Advertising Account Executive 702.586.3853

Karla Perez

Valley Health System

Gina Polovina

Boyd Gaming Corporation

Dilek Samil NV Energy

Steve Schorr

Cox Communications

Larry Singer

Grubb & Ellis - Las Vegas

Neal Smatresk

University of Nevada, Las Vegas

Bruce Spotleson

Greenspun Corporation

Printed locally by Creel Printing

Michele Tell Woodrow

Preferred Public Relations, LLC

Editorial Policy: The Business Voice is a member newsletter of the Las Vegas Chamber of Commerce. The Las Vegas Chamber of Commerce welcomes input, ideas and suggestions from our members. As with any periodical, we must adhere to strict deadlines and we reserve the right to edit all materials submitted for publication. Commentaries that are marked as such do not necessarily reflect the opinion or position of the Chamber, its trustees or employees. The Chamber cannot guarantee the validity or accuracy of the contents of paid advertisements. Questions or concerns about content of The Business Voice can be addressed to Vice President of Marketing, Las Vegas Chamber of Commerce, 6671 Las Vegas Blvd. South, Suite 300, Las Vegas, NV 89119. The Business Voice (USPS #717-970) is published by The Las Vegas Chamber of Commerce. 6671 Las Vegas Blvd. South, Ste. 300 Las Vegas, NV 89119-3290

Annual Subscription $25 Periodical postage paid at Las Vegas, NV POSTMASTER: Send address changes to: The Las Vegas Chamber of Commerce, 6671 Las Vegas Blvd. South, Ste. 300 Las Vegas, NV 89119-3290

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

5


chamber news

vyp celebrates six years of white hot!

new policy committees There are more opportunities to engage in the issues impacting the Las Vegas business community with the introduction of two new policy committees, open exclusively to Chamber members and their employees. These new committees will address current issues and topics in the following areas: Insurance and Tort Reform – This committee will work with Chamber members who are insurance brokers and agents, property and casualty insurers, life insurers, health underwriters and others to ensure that Nevada’s insurance climate is balanced and fair. Working with the insurance community and others, the committee will take on policy issues that impact businesses, as well as create and maintain public support for legal reform, including building alliances with groups and organizations

last chance to nominate Don’t miss the opportunity to give your business the recognition it deserves. Nominations for this year’s Small Business Excellence Awards, exclusively sponsored by Nevada State Bank, close on Friday, July 6. You can self-nominate or nominate another small business in one of four categories: • Small Business of the Year (5 or Fewer Employees)

Vegas Young Professionals has had a year

• Non-Profit Business of the Year

of major milestones – reaching more than

• Woman/Minority-Owned Business of the Year

1,300 members, introducing health and

These annual awards celebrate the best

life insurance for members and achieving

and brightest in Southern Nevada’s small

a new level of community involvement

businesses. Qualified nominees receive

with the Reclaim Your Future campaign

exposure on LVChamber.com and finalists

with the Clark County School District and

are celebrated at the Small Business

partnerships with the Leadership Las

Excellence Awards Luncheon on Thursday,

Vegas program and UNLV.

business licensing

City and county officials launched the beginning of a multi-jurisdictional business license program that will allow all Las Vegas Valley contractors to obtain all of their licenses at one municipal location. This is the culmination of nearly two years of concentrated efforts between the cities of Las Vegas, North Las Vegas, Henderson and Clark County, and will save contractors valuable time and effort from having to travel to different jurisdictions to obtain separate licenses.

6

white hot 6

• Small Business of the Year (25 or Fewer Employees)

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

7


news you need

For more information on the Chamber’s involvement with the SNWA water rate increase, visit LVChamber.com

a game changer President Barack Obama signed into law the designation of an interstate corridor between Las Vegas and Phoenix. Interstate 11 (I-11) will connect the two major cities, which are now the two largest metropolitan areas not connected by an interstate highway. The Chamber has been a strong and vocal advocate for this designation, which will expand opportunities for Southern Nevada to expand and diversify, especially in regards to tourism, distribution, manufacturing and logistics. Chamber president and CEO Kristin McMillan, commented in a press release just after Congress passed the federal highway bill, , “It will connect

water rates As water rate increases continue to burden local businesses, the Chamber reiterated its standpoint that these new rate charges have the potential to hinder economic development and the region’s ability to attract new businesses to Las Vegas. The Chamber will continue to keep its member apprised of these discussions. For more information on the Chamber’s involvement with the SNWA water rate increase, visit LVChamber.com or call 702.641.5822.

host committee

business license

Did you know that every 1,000 visitors to Las Vegas supports nine local

City and county officials launched

jobs? Or that Las Vegas is home to 17 of the 20 largest hotels in America?

the beginning of a multi-jurisdictional

If you’ve eaten at a local McDonald’s recently, you probably did.

business license program that will allow

The Las Vegas Host Committee, chaired by Former Mayor Oscar Goodman,

all Las Vegas Valley contractors to obtain

has partnered with the Greater Las Vegas McDonald’s Operators Associa-

all of their licenses at one municipal

tion to have themed placemats for all trays in the Las Vegas market. These

location. This is the culmination of

placemats share valuable information on the travel and tourism industry’s

nearly two years of concentrated efforts

impact on our local economy and why supporting the tourism industry is

between the cities of Las Vegas, North

essential to the future growth of Las Vegas. This collaboration is just one

Las Vegas, Henderson and Clark County,

example of how the Las Vegas Host Committee is embracing community

and will save contractors valuable time and effort from having to travel to

8

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


for your benefit W

nevada drug card

ith skyrocketing prescription costs, many people often find themselves in a compromising position. They need medication to

control symptoms, manage illnesses and engage in preventive care. In the common situation of not being able to afford necessary prescriptions, they skip doses or forego the medication, resulting in chronic problems, advanced illness and supplemental health issues. Established in 2008, Nevada Drug Card aims to help people avoid these difficult situations and afford their necessary medications. Nevada Drug Card is free for all residents of Nevada, and can be used in addition to health insurance prescription plans to help offset the debilitating costs of some medications, or simply to help

save today

with the cost of everyday prescriptions. The card can also be used for those without health

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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

9


is your business ready? W

tax prep season

ith tax season in full swing, small business owners should be pulling together necessary tax and accounting records for filing

while simultaneously planning their tax strategy for the coming year. Daniel Gerety, president of Gerety & Associates, CPAs, offers some advice for small business owners preparing tax records for filing or delivery to their CPA.

tax season is in full swing are you teed up? Health Insurance: If you are self-employed, an S-Corp or a partnership, premiums paid on your health insurance may qualify you for the self-employed health insurance deduction. Bonus Depreciation: You can claim 100 percent bonus depreciation for new assets placed in 2011; for 2012, the amount is limited to 50 percent of the assets’ costs.

accounts receivable balances and consider writing off the receivables that are totally or partially worthless. You will be able to write off these accounts for income taxes only after they have been written off on your

Section 179 Deduction: You can make a “Section 179 election” on your tax return to

books and are reflected as written off on your 2011 financial statements. Pension Plans: Even if you are a cash basis employer, you can accrue

expense new and used assets placed in service.

and deduct a profit sharing plan contribution in 2011 as long as the

In 2011 you can elect to deduct up to $500,000.

contribution is paid by the extended due date on your income tax return.

This amount is reduced or phased out when

Additionally, you still have time to create a Simplified Employee Pension

your fixed asset purchases exceed $2,000,000.

Plan (SEP) for 2011.

In 2012 the Section 179 amount is reduced

10

to $139,000, and this amount is reduced or

Business Credit Card: Remember that expenses made on your business

phased out when your fixed asset purchases

credit card are deductible, even if you have not made a payment and even

exceed $560,000. Bad Debts: If you are an

if your business operates on a cash basis. Be sure to post your business

accrual basis taxpayer, you should review your

credit card balance as “payable” on your books so your accountant knows

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

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working for you government affairs and public policy

sidebar headline Quossim harum laboreic tem que prehenima voluptatias essequis nim ea voluptiae labore sum santis et ute cus, tet min nossin eumquo volupta-

i-11: the missing link

tis audae omnihil iandae denis eum restior ehent, niet verumqu iantece aruptat fugiatem. Et que et ipsuntia sollici tinctis a quam estem coneste mporepuda volorunt a

T

he Las Vegas Chamber of

connectivity to I-40, a significant

Commerce is supporting

truck line that has the potential to

efforts to develop the

use Las Vegas as a trucking hub. The

proposed I-11, an interstate

proposed interstate could also lead to

vel ius excea conecto

highway that would connect Phoenix

further expansion of manufacturing

tatumquat peri nobis et,

and Las Vegas to major shipping ports in

and distribution centers in Nevada. Las

adis simenda cuscium

Southern California and Mexico.

Vegas has the opportunity to strongly

aut lauditisquam re res simustrum eum ligeni dolupti dolores eos num que vel et omnia cus cores qui non esequaecepe mi, nossunt officatius exerro eum exerore

compete on a time and cost basis for

proposed interstate would connect southern nevada to an economic lifeline

providios sanit qui sit, quis nest quam ius.

“There’s a reasonable expectation to increase our warehousing capacity,” says Dr. Robert Lang, co-director of Brookings Mountain West and director of the Lincy Institute. “That would make

Las Vegas and Phoenix are the only two

us much more competitive for ground-

Aturepe llabor sa

sizable cities in the nation without a

based transportation industries.”

volumqui volore inullen

direct interstate connection. Supporting

dendellor ma si volore

this measure could lead to dramatic,

Dr. Lang is a long-time proponent of

praes corporias con eni-

positive changes for Nevada, including

this infrastructure development, noting

hill aborroris aute latiis

new job creation and a significant means

the potential for reduced travel time

alignis susdam arum ex

for diversifying and strengthening the

of goods and passengers driving from

es deliquo tem erum es

local economy.

eaquatem atam harchil

12

goods to be distributed to other states.

the south and the east to Southern Nevada. He also intimates that such a

ipsanisint reperi au-

Not only does this connection set the

dam faccaer natest esci

stage for increased tourism ground traffic

northwest Arizona a type of suburb to

omniam inciis ad ut min

from our third-largest tourist market,

Las Vegas, creating an expanded metro

earum inciisi tiusaperi

it would also provide full interstate

area that would support increased

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

development could theoretically make


Dr. Lang notes that Las Vegas is a gateway to the intermountain west,

upcoming committee meetings

where drivers are currently traveling far afield from I-40 to connect

enihill aborroris aute latiis alignis susdam

to I-15 when traveling east to west, the other leg of the proposed I-11

arum ex es deliquo tem erum es eaquatem

“Our problem is, we’ve been cut off,” explains Dr. Lang. “This completes the entire interstate system. It’s the missing link – the Las VegasPhoenix connection.”

project. “It’s ineffective,” says Dr. Lang. “It reduces our competitiveness.”

atam harchil ipsanisint reperi audam fac-

Discussion about the possible economic benefits of the proposed I-11

caer natest esci omniam inciis ad ut min

began when the Mike O’Callaghan-Pat Tillman Memorial Bridge opened

earum inciisi tiusaperi comnita sum volor-

over the Colorado River at Hoover Dam and re-opened to truck traffic.

rovidi rest renim im et qui dem es et am

Construction, paired with post-9-11 restrictions on truck travel over the

quos ra doloribus aditium aliatur?

Dam, caused traffic jams and delays that negatively impacted tourists,

Ma nissit quataquias ipiet omniet eatur

commuters and transport drivers. The ramifications of the slowdown

similis experciis plitae duntus enitae conse pos expedita ducit arcilia id ma inti non-

“we need to look for ways to take advantage of an import economy and redirect efforts to partner with importers and create a global economy.”

sectur aditiur res dus ulparcipsam qui alit

prompted the start of serious discussion between transportation officials, business leaders and lawmakers in both Southern Nevada and Arizona. “We’re not just talking about improved traffic,” says Dr. Lang. “We’re talking about construction jobs – the largest section of displaced workers in Southern Nevada.” Dr. Lang notes that additional business opportunities could open up as a result of the new infrastructure, and he sees Las Vegas’ tourism market getting a boost, as well. “Northwest Phoenix has a lot of retirees who could become tourists,” says Dr. Lang. “We’d be open to much greater access to a big tourism market. The gaming industry is reliant on ground transportation from California, and now that could be expanded to include Arizona.” Of course, much emphasis has previously been placed on Nevada’s leading ground traffic tourism hub, Southern California. The construction of I-11 would potentially improve this traffic as well as provide direct access to Southern California and Mexico ports. “Las Vegas benefits more than anyone from this,” says Tom Skancke, president and founder of the Skancke Company. “As far as economic

eggs & issues

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

13


planting the seeds 12 14

BUSINESS VOICE July | July 2012 2012 LAS | LAS VEGAS VEGAS CHAMBER CHAMBER OF COMMERCE OF COMMERCE


regrowth he

T

attitude

for

Southern

Nevada’s business climate for the coming months has been cautiously optimistic. Signs of

regrowth and renewal are pushing through, and Southern Nevada’s recovery efforts are taking root and budding. It doesn’t mean that we’re out of the woods yet, or should let our guard down. Lasting and meaningful recovery – as well as developing and diversifying our local economy to avoid a repeat of the last few years – will come from long term, dedicated efforts of the community, and

taking

advantage

of

the

opportunities available to us as they Although most Southern Nevadans still feel the effects of the recession, many

of

the

major

economic

indicators are improving slightly. John Restrepo, principal of RCG Economics

LLC,

says,

“The

Las

Vegas economy is now on the road to recovery. While it’s not the most robust recovery Southern Nevada has ever seen, it’s still a recovery, which is great news compared to how it was performing last year at this time, and considering what the region has been through the last four years. Most of Southern Nevada’s economic and market indicators improved pretty consistently during the twelve months ending this past Some

noteworthy

indicators

Restrepo

points out in this time period include upswings in visitor volume (by 3.72 percent as a 12-month moving total), convention attendance (by 33.33 percent as a 12-month moving total) and retail sales (by 9.48 percent month-to-month), as well as a decrease in first-time

unemployment

claims

(by

19.73

percent as a 12-month moving total). “[These indicators] point to 2012 as being a ‘bridge year’

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

15


The attitude for Southern Nevada’s business climate for the coming months has been cautiously optimistic. Signs of regrowth and renewal are pushing through, and Southern Nevada’s recovery efforts are taking root and budding. It doesn’t mean that we’re out of the woods yet, or should let our guard down. Lasting and meaningful recovery – as well as developing

renewal

and diversifying our local economy to avoid a repeat of the last few years – will come from long term, dedicated efforts of the community, and taking advantage of the opportunities available to us as they emerge. Although most Southern Nevadans still feel the effects of the recession, many of the major economic indicators are improving slightly. John Restrepo, principal of RCG Economics LLC, says, “The Las Vegas economy is now on the road to recovery. While it’s not the most robust recovery Southern Nevada has ever seen, it’s still a recovery, which is great news compared to how it was performing last year at this time, and considering what the region has been through the last four years. Most of Southern Nevada’s economic and market indicators improved pretty consistently during the twelve months ending this past January.” Some

noteworthy

indicators

Restrepo

points

out in this time period include upswings in visitor volume (by 3.72 percent as a 12-month moving total), convention attendance (by 33.33 percent as a 12-month moving total) and retail sales (by 9.48 percent month-to-month), as well as a decrease in first-time unemployment claims (by 19.73 percent as a 12-month moving total). “[These indicators] point to 2012 as being a ‘bridge year’ to a more robust recovery in 2013 and beyond,” says Restrepo. Jeremy Aguero, principal analyst at Applied Analysis, spoke of the upturn at Preview Las Vegas and presented some of the

16

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


while surely [we] have some remaining hurdles, conditions continue to improve The attitude for Southern Nevada’s business

The

Southern

period include upswings in visitor volume

climate for the coming months has been

Nevada’s business climate for

(by 3.72 percent as a 12-month moving

cautiously optimistic. Signs of regrowth and

the coming months has been

total), convention attendance (by 33.33

renewal are pushing through, and Southern

cautiously optimistic. Signs of

percent as a 12-month moving total) and

Nevada’s recovery efforts are taking root

regrowth and renewal are pushing

retail sales (by 9.48 percent month-to-

and budding. It doesn’t mean that we’re out

through, and Southern Nevada’s

month), as well as a decrease in firsttime unemployment claims (by 19.73

attitude

for

of the woods yet, or should let our guard

recovery efforts are taking root

down. Lasting and meaningful recovery – as

and budding. It doesn’t mean

percent as a 12-month moving total).

well as developing and diversifying our local

that we’re out of the woods yet, or

“[These indicators] point to 2012 as being

economy to avoid a repeat of the last few

should let our guard down. Lasting

a ‘bridge year’ to a more robust recovery

years – will come from long term, dedicated

and meaningful recovery – as well as

in 2013 and beyond,” says Restrepo.

efforts

developing and diversifying our local

of

the

community,

and

taking

advantage of the opportunities available to

economy to avoid a repeat of the last

Jeremy Aguero, principal analyst at

us as they emerge.

few years – will come from long term,

Applied Analysis, spoke of the upturn

dedicated efforts of the community,

at Preview Las Vegas and presented

Although most Southern Nevadans still feel

and taking advantage of

some of the opportunities

the effects of the recession, many of the

the opportunities available

Las Vegas is poised to take

major economic indicators are improving

to us as they emerge.

slightly. John Restrepo, principal of RCG Economics LLC, says, “The Las Vegas

Although

most

Southern

i think measured optomism is the best approach

advantage of as it emerges from the recession, as well as the challenges it still has

economy is now on the road to recovery.

Nevadans

While it’s not the most robust recovery

effects of the recession,

Southern Nevada has ever seen, it’s still a

many

recovery, which is great news compared to

economic indicators are

how it was performing last year at this time,

improving slightly. John

challenges to businesses,

and considering what the region has been

Restrepo,

many of which were in what

of

still

feel

the

the major

principal

of

to overcome. The past few years have presented a multitude of

through the last four years. Most of Southern

RCG Economics LLC, says, “The Las

Aguero refers to as “survival mode.”

Nevada’s economic and market indicators

Vegas economy is now on the road

While many struggled to make ends

improved pretty consistently during the

to recovery. While it’s not the most

meet and keep the doors open through

twelve months ending this past January.”

robust recovery Southern Nevada

a bottomed-out real estate market,

has ever seen, it’s still a recovery,

a

Some noteworthy indicators Restrepo points

which is great news compared to

industry and an overwhelming decline

nearly

non-existent

construction

out in this time period include upswings in

how it was performing last year

in consumer spending, some of the

visitor volume (by 3.72 percent as a 12-month

at this time, and considering what

residual effects are here to stay, flipflopped to become positive influences

moving total), convention attendance (by

the region has been through the

33.33 percent as a 12-month moving total)

last four years. Most of Southern

on businesses here in Southern Nevada.

and retail sales (by 9.48 percent month-to-

Nevada’s economic and market

This includes the majority of businesses

month), as well as a decrease in first-time

indicators

running leaner, more streamlined and

improved

pretty

unemployment claims (by 19.73 percent as a

consistently during the twelve

more competitive operations. Business

12-month moving total). “[These indicators]

months ending this past January.”

and community leaders are taking the

point to 2012 as being a ‘bridge year’ to a

Some

indicators

momentum of an improving outlook

more robust recovery in 2013 and beyond,”

Restrepo points out in this time

to propel businesses forward with a

noteworthy

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

17


your scene | you’re seen business expo

Nearly 2,000 attendees representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business Expo. With more than 150 exhibitors, including 14 of Las Vegas’ most popular

business after hours Nearly 2,000 attendees representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business Expo. With more than 150 exhibitors, including 14 of Las Vegas’ most popular eaterie

18

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

19


what’s happening Places to be. People to meet. Things to know. in august.

how to register: E vent D eta i ls : Wednesday, June 20 Noon – 5:00 p.m. World Market Center, Building C 495 S. Grand Canyon Pkwy. august

04

Visit LVChamber.com and click on the Events Calendar. Call 702.641.5822.

2012

The Las Vegas Chamber of Commerce is located in the Town Square shopping center:

20

Monday chamber connections

6671 Las Vegas Blvd. South, Suite 300 Las Vegas, NV 89119

04

representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

06

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

20

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

06

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits


0 0 - C h amb e r e v e n t

00 - v yp e v e n t

*Event to be held in the CenturyLink Conference Center at the Las Vegas Chamber of Commerce **Table purchases include two tickets to a VIP meet and greet. Fill all ten seats at your table, or fill nine and have the Chamber place an elected or appointed official at your remaining seat.

white hot

04

representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

august sponsors and hosts:

12

06

eggs & issues 06

17 06

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

06

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

august

Monday chamber connections

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

august

04

Monday chamber connections

06

Monday chamber connections representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business 5:30 - 7:00 p.m. Las Vegas Chamber of Commerce* $120 every six months. Chamber members only. Sponsors: Chamber Insurance & Benefits

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

21


member insights

What is your favorite Chamber benefit and how does it help your business?

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about.

C

Tachelle Lawson (A) Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about.

A

E

D

Tachelle Lawson (B) Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway

B The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about. Tachelle Lawson Director of Sales & Marketing   Levy Restaurants at Las Veg

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about. Tachelle Lawson (C) Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about. Tachelle Lawson Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway

22

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

F

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about. Tachelle Lawson Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by far the benefit of all benefits provided by the Chamber. These connections go so far beyond financial growth; they truly represent what the Chamber is all about. Tachelle Lawson Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway

The opportunity to meet others whose goal is to grow local businesses and make a positive impact in the community is by Tachelle Lawson Director of Sales & Marketing   Levy Restaurants at Las Vegas Motor Speedway


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

23


spotlights FIRST NAME LAST NAME - Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto eum quos ius con cor aut aute sitatiam autem faccabo rporeserum FIRST NAME LAST NAME Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto eum quos ius con cor aut aute sitatiam autem faccabo rporeserum facerum nulpa comnis doluptate nus, et

FIRST NAME LAST NAME Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto eum quos ius con cor aut aute sitatiam autem faccabo rporeserum facerum nulpa comnis doluptate nus, et odis et eos ratemol uptatusande que perunt, accuptae cone net maio

FIRST NAME LAST NAME - Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto eum quos ius con cor

24

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

presidents club


Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto

Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto

Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto

executive level Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim liquame derum assim

Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto

Libeaquia non et faccus re int untionsequam cum nonsequi temqui con porecaborrum et ea venienda doluptiis cupta et, et que nume volore numet aut est volorios min nonsectotas expe ommost, inulparum quossim doluptat aut offictur, cum esequi doluptu rionsequi in pa sum et quat odis nonsequis ra sedit liquame derum assim faci quat fuga. Piet etusto

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

25


in the know important news on workers’ compensation

A

orkers’ compensation

1.00, your claims are fewer than average

is one of the few types

and your premiums are discounted

of insurance where the

accordingly. Conversely, an e-mod

insurance buyer decides

greater than 1.00 indicates losses that

directly how much to pay for the

are greater than your peers and your

policy. There are a number of factors

premiums will be increased.

that influence how the final premium

Under the current formula, claims are

is calculated, but they all boil down to one thing: claims history. From tiered

“charged back” based on both frequency and severity. When a claim is entered

pricing to schedule credits to experience

into the calculation, the NCCI applies

modifications, insureds with fewer claims

the first $5,000 of any claim at 100%

pay lower premiums.

of its value. The balance of the claim

On March 1, 2013, the National Council

is then discounted to soften the impact

on Compensation Insurance (NCCI)

of a severe loss. After March 1, the first

will be making a significant change in

$10,000 of any claim will be included

Currently, a claim costing $10,000 will increase the annual premium by $1,800 for three years, for a total of $5,400. the price most of us pay for workers’

26

label text

at full value and only the amounts more

compensation insurance. The formula

than that will be eligible for discounting.

used to determine the credit (or debit)

This means that, if you have claims that

for an individual business based on its

are more than $5,000, your premiums

too much for workers’ compensation?

safety record will be modified to provide

will more than likely increase next year.

Here are four steps that can help:

even greater penalties for insureds with

To get an idea of how this could affect

Make sure the current e-mod

claims. The good news is that employers

insurance costs in 2013, consider a

calculation is accurate. Ask your

with fewer claims may actually see a

hypothetical retail employer whose

insurance professional for a copy

reduction in premiums.

workers’ compensation premiums are

of your experience rating form

Here’s how it works: If your average

$10,000 per year. Currently, a claim

and verify that the payrolls are

annual premium is more than $3,000,

costing $10,000 will increase the annual

correctMitigate the claims you do

you are eligible to have an experience

premium by $1,800 for three years, for a

have by implementing an early return

modification (or e-mod) applied to your

total of $5,400. In 2013, the same claim

to work program. Nevada allows

policy. An e-mod is a comparison of

will increase the annual premium by

claims to be

how your claims measure up against

$2,700, with a total three-year cost of

Under the new e-mod calculation,

similar types of businesses over a three-

$8,100. So, as an insurance buyer, how

employers who have maintained

year period. If the e-mod is less than

can you make certain you aren’t paying

good safety records will be

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


rewarded with even lower e-mods and lower insurance premiums. If you have had trouble controlling injuries in the past, there is no better time than the present and lower insurance premiums. If you have had trouble controlling injuries in the past, there is no better time than the present trouble controlling injuries in the past, there is no better time than the present For more information, contact your insurance agent. Written by Dave Lester, Brown & Brown Insurance

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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

27


member news P resident ’ s C lub member   |   E x ecutive L evel

The Las Vegas Chamber of Commerce is proud to provide members with a place to publish their current announcements. Email news items

upcoming events Da Vinci – The Genius, a comprehensive exploration of Leonardo da Vinci’s work, is open for a limited engagement at The Venetian. Tickets are available at Venetian.com. The City of Las Vegas Economic and Urban Development Department, along with Lionel Sawyer & Collins law firm, are hosting a series of free seminars on business issues. On July 10, the topic will be Zoning and Business Licensing; on July 24, the session will cover Labor and Employment Legal Requirements. For a complete schedule or to register, call 702.229.6862. University of Nevada Cooperative Extension will offer the 4-H Alternative Energy Day Camp July 17 – 20, open to youth ages 11 – 16. For

community service City National Bank donated $10,000 to the Nevada Minority Development Supplier Council to help promote greater opportunities for minority-owned businesses. Las Vegas DanceCenter hosted a fundraiser for Up Kids!, a non-profit organization that raises awareness of the artistic talents of children with autism, Down syndrome and other intellectual disabilities. Firestone Complete Auto Care donated $500 to Friends of Las Vegas Metro Police Foundation to celebrate the grand opening of its new stores. The Southern Nevada Affiliate of Susan G. Komen for the Cure awarded a $83,605 grant to Volunteers in Medicine of Southern Nevada to provide breast health among

28

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

to pr@lvchamber. com or fax to Public Relations at 702.735.0320.

congratulations Seven Holland & Hart Nevada attorneys received high honors from Chambers USA in the 2012 Chambers USA - America’s Leading Lawyers for Business Guide. Veterinary Emergency + Critical Care, a 24/7 veterinary emergency facility, recently celebrated its one year anniversary. Carole Fisher, president and chief executive officer of Nathan Adelson Hospice, was named as one of Nevada’s “Most Respected CEOs” by Nevada Business Magazine. Cox Communications ranked highest in customer satisfaction among data service providers for small and midsize businesses and second among data service providers for very small businesses in the J.D. Power and Associates 2012 Major Provider Business Telecommunications Data Services Study. The 2012 edition of Nevada Business Magazine’s annual “Legal Elite”, representing the top two percent of all members of the Nevada Bar Association through a peer process, recognized sixteen attorneys from Lionel Sawyer & Collins. Tahiti and Tahiti Village resorts have been awarded TripAdvisor’s prestigious Certificate of Excellence for their outstanding commitment to customer service. Fourteen lawyers from McDonald Carano Wilson were named among Nevada’s 2012 Legal Elite and Best Up & Coming Lawyers by Nevada Business Magazine.


announcements Sunrise Hospital and Medical Center and Sunrise Children’s Hospital appointed Todd Sklamberg to the position of chief executive officer. Neil Galatz recently joined Gordon Silver Attorneys and Counselors of Law as Of counsel, focusing primarily on areas of medical practice, liability and complex litigation.

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Adrian Gonzales joined The Glenn Group as a graphic artist in the Las Vegas office of the Nevada-based agency. Bob Stegall, FPC, joined ManagedPAY as payroll and human resources consultant. CEO Space has officially relocated its business forums to the Ravella Hotel, located in the Village. Jacqueline Matthew was promoted to senior accountant at Houldsworth, Russo & Co. Tiffany Dessaints joined Benchmark Association Services as its new president and chief executive officer. Bob Scimeme was promoted to director of physical security for Urban Environmental Research. DS Group welcomed Laura Turek as an account executive working with law firms in the downtown, Summerlin and Centennial areas of Las Vegas. Kristina R. Weller has joined the Truitt Law Group, LLC as senior litigation counsel.

wheeling and dealing Republic Services along with Energenic unveiled the Apex landfill renewable energy generating facility, set to generate enough electricity to power more than 10,000 Southern Nevada homes and is the largest of its kind in MountainView Hospital is the first hospital in Nevada to use Xenex Healthcare Services’ germ-zapping disinfection technology to keep patients safer from infections.

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Commercial Executives recently brokered the sale of an industrial building valued at $246,500. BluNoir, located in Tivoli Village, now carries the women’s clothing line of Muche et Muchette. Watery Flame Productions established a partnership deal with New York Times best-selling author Neale Donald

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

29


know the numbers $30.00

25.0%

sidebar headline

$25.00

Quossim harum laboreic tem que prehenima voluptatias essequis nim

Dollars per Square Foot $ per square foot

Vacancy Rate

vacancy rate

20.0%

15.0%

10.0%

$20.00

$15.00

$10.00

$5.00

5.0%

ea voluptiae labore sum santis et ute $0.00

cus, tet min nossin eumquo volupta-

0.0%

Class A

10.7%

16.6%

20.6%

15.7%

Class B

Suburban Vacancy

7.8%

15.7%

21.1%

15.0%

Class C

Metro Vacancy

9.0%

16.0%

20.9%

15.3%

Average

oFFICE MARKET STUDY

adis simenda cuscium aut laudi-

tisquam re res simustrum eum ligeni dolupti dolores eos num que vel et omnia cus cores qui non esequaecepe mi, nossunt officatius exerro eum exerore providios sanit qui sit, quis nest quam ius. Class B Class C Aturepe llabor sa volumqui volore 16.6%

20.6%

Total 15.7%

inullen dendellor ma si volore praes 15.7%

21.1%

15.0%

16.0%

20.9%

15.3%

corporias con enihill aborroris aute

LEAS

The$30.00 absence of large amounts of new space entering the market allowed vacancy rates to make substantial improvements in 2011. Vacancy $25.00 declined from 17.1% at the end of 2010 to 15.3% at year-end 2011. $20.00 Class A space continues to enjoy the lowest vacancy, falling from 14.4% $15.00 to 9% during 2011. Looking at Class B properties, vacancy fell a full percentage point to 16%, while Class C increased by one half of $10.00 a percentage point to 20.9%. The market will require approximately 650,000 SF of positive absorption in 2012 to maintain current vacancy $5.00 rates. Taking current market activity and projected economic growth into $0.00 2006 2007 2008 2009 2010 2011 consideration, downtown vacancy will increase significantly, with$25.15 marketClass A $22.51 $23.52 $24.27 $26.26 $25.77 Class B $17.93 $18.85 $19.49 $19.85 $19.80 $19.83 wideClass increases also likely. C $14.24 $14.87 $13.99 $15.05 $14.90 $15.11

Overal sixth-te Averag the last rates in market under p organiz negotia some a their bu

Average

ngly more interconnected with the national and global latiis alignis susdam arum ex es CY

$17.39

$18.76

$19.11

$20.25

$19.54

$19.12

CHANGE EMpLoYMENT IN SELECTEd WESTERN STATES LEASE IN RATES 6.0%

4.0%

2.0%

0.0%

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

4

Overall lease rates declined by $0.11 to $19.12, or approximately sixth-tenths of one percentage point, during the fourth quarter of 2011. Average asking lease rates in Class A properties are down 2.4% over the last 12 months, while Class B rents were essentially flat and Class CCA rates increased by 1.4%. With large amounts of new space entering theAZ CO 2006 2007 2009 2010 2011 market and continuing soft 2008 demand, lease rates can be expected to remain NV under pressure. Tenants in the market are still very sensitive to costs as UT ID organizations guard their bottom line and demand value. The balanceSLCo of negotiating power will not shift from tenants to landlords in 2012, with some areas requiring landlords to maintain a very aggressive approach to their business. Source: Salt Lake County, Utah

pressure due to an abundance of supply. Looking ahead to 2012, local market dynamics, particularly downtown, will weigh on the metro area’s MARKET STUDY 2011 office market.

Salt Lake’s commercial real estate market demonstrated ent. Overall, the metro area’s commercial real estate d its economy. Each type of commercial property is For retail properties, 2011 broke a consistent negative trend of decreasing BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE 30 ifferent sectors of the economy, but all property types lease rates and increasing availability stemming back to 2007. New provement over 2010. national retailers entering Utah brought welcome attention to the local market. Retail properties began to demonstrate modest levels of

COMMENTARY

was the only deliquo state in tem the last five years to successfully erum es eaquatem atam allowed of large amounts of new space entering the market Furthermore,harchil long-term growth prospects are solid. The reperiinaudam s to make substantialipsanisint improvements 2011.facVacancy ve, young andcaer educated workforce continues to attract the escitoomniam ad ut 2011. m 17.1% at the endnatest of 2010 15.3% inciis at year-end ployers. Prudent fiscal management allows Utah to maintain earum inciisi tiusaperi ce continues tomin enjoy the lowest vacancy, comnita falling from vironment for business. Strategic planning and infrastructure volorrovidi rest im et vacancy fell % during 2011.sum Looking at Class B renim properties, also accommodate and enable future growth. Utah’s qui dem es et am C quos ra doloribus tage point to 16%, while Class increased by one half of diversified economy and sound management will allow aditium e point to 20.9%. The aliatur? market will require approximately perform national averages. Mirroring the state’s economy, Ma nissit in quataquias ipiet omniet of positive absorption 2012 to maintain current vacancy ty outperformseatur growth averages during good times and similis experciis plitae duntusgrowth into current market activity and projected economic e lows experienced during pos downturns. Atducit the present time, enitae conse expedita n, downtown vacancy will increase significantly, with marketwill benefit from several large investments, both public and es also likely. arcilia id ma inti nonsectur aditiur res e projects include: the National Security Agency’s new data dus ulparcipsam qui alit estium quati ommuter and officia light rail expansion, and City Creek Center quia nonseque coreri sim se projects are important, because they will attract new egion and encourage further investment.

VACANCY

Dollars per Square Foot $ per square foot

conecto tatumquat peri nobis et,

9.0%

Total

Downtown Vacancy

mporepuda volorunt a vel ius excea

7.8%

Class C

restior ehent, niet verumqu iantece sollici tinctis a quam estem coneste

10.7%

Class B

tis audae omnihil iandae denis eum aruptat fugiatem. Et que et ipsuntia

Class A

Class A


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

31


know the numbers

T3

By The Numbers 1.9 million square feet

sidebar headline

$

SF

$2.4 billion cost

14 additional gates Quossim harum laboreic tem que prehenima voluptatias essequis nim ea voluptiae labore sum santis et ute

P

6,000 spaces in the parking garage

cus, tet min nossin eumquo voluptatis audae omnihil iandae denis eum restior ehent, niet verumqu iantece aruptat fugiatem. Et que et ipsuntia sollici tinctis a quam estem coneste

15 baggage carousels

10,000 square foot duty-free shop

mporepuda volorunt a vel ius excea conecto tatumquat peri nobis et, adis simenda cuscium aut lauditisquam

%

100% common use

re res simustrum eum ligeni dolupti dolores eos num que vel et omnia cus cores qui non esequaecepe mi, nossunt officatius exerro eum exerore providios sanit qui sit, quis nest quam ius. Aturepe llabor sa volumqui volore inullen dendellor ma si volore praes

32 curbside check-in positions

1,800 workers employed during the peak of construction (December 2009)

corporias con enihill aborroris aute

130 check-in positions in ticketing lobby

latiis alignis susdam arum ex es deliquo tem erum es eaquatem atam harchil ipsanisint reperi audam faccaer natest esci omniam inciis ad ut min earum inciisi tiusaperi comnita sum volorrovidi rest renim im et qui dem es et am quos ra doloribus aditium aliatur? Ma nissit quataquias ipiet omniet

1,000 cameras

eatur similis experciis plitae duntus enitae conse pos expedita ducit arcilia id ma inti nonsectur aditiur res dus

32

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

203 self-service kiosks


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

33


ribbon cuttings

To arrange your ribbon cutting, contact Georgia Allen at 702.586.3838 or email gallen@lvchamber.com

Celebrating business growth

COMPANY name

34

COMPANY name

E $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

COMPANY name

COMPANY name

$

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

PC $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

COMPANY name PC $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

E $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

COMPANY name


sponsored by:

PC - President’s Club

E - Executive Level

COMPANY name

$ - Chamber Member Discount

COMPANY name

COMPANY name

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

E $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

COMPANY name

COMPANY name

PC $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

PC $

COMPANY name $

and businesses all over Southern Nevada converged on World Market Center on June 20, to experience BusinessSiteniss inihit quiscil min conseri dem quid quam reperup tatqui omnihit dolo velliat enimagnient.Tius, sunti od qui nullist eossum nulles il inum nobitae ari conestion prerate re secabores etures

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

35


member to member A Common Business Mistake that Will Cost you Money

By Mark Cenicola

A

I was recently in the process of searching for a landscaping firm to trim

didn’t mind making a few extra

the tree and bushes in my front yard. It’s something I could have done

bucks on the weekend for helping

myself, but being lazy, I was prepared to hire a firm to get it done. Plus, I

me. It certainly saved me quite a

knew that they would probably get it done better than what I could do.

I’m not exactly a landscaping expert and my tools for the job aren’t the greatest.

bit of money, but I was perfectly willing to spend the money if they only made it convenient to do

I was provided a referral to a company from one of our employees. However, there

business with me.

were a few red flags from the beginning. The first thing I noticed was that they didn’t have a website on their business card. They actually don’t have one at all so

We get a lot of excuses from

it wasn’t a matter of them having an old business card or forgetting to put it on the

small business owners about how they don’t want to pay the fees

make the opportunity to accept payments online, directly from your website and you’ll see your customer service improve and increase in the likelihood of getting referrals.

or don’t get a lot of requests for payment via credit card to justify the monthly expenses. I can tell you right now, companies that don’t accept payments online are losing money - PERIOD!

card. Since it was a referral, I decided to give them the benefit of the doubt and

Don’t complain to me about the

start an exchange via email. After a few back and forth emails, they have visited the

credit card fees of 3%. Would

house and provided me with an estimate. The estimate was a little more expensive

you rather have 100% of nothing

than what I had expected, but I was willing to pay the money for the convenience of

or 97% of something? Trust me,

getting it done. That’s where the second red flag came into play and was ultimately

you aren’t saving money by NOT

a deal breaker. They didn’t accept credit cards! At that point, I made the decision to

accepting credit cards.

do the yard work myself, with the help of my buddy and co-worker, Jeff Helvin who

36

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


marketplace

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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

37


vegas young professionals country. So for those of you that are

updates

stay the course

VYP added more than 100 new members, making VYP 1,300 members strong!

may have been having a tough go of things, stay the course. I offer these few recommendations to those of you that are struggling to make Vegas a winning town: 1. Continue to educate yourself. No

Launched VYP Insurance to provide low-premium, costsharing group and individual health plans to keep VYP members ahead of their “Oh BLEEP!!!” moments.

matter what line of work you are in, there are always various organizations or educational institutions that offer classes, degrees or certifications that are specific

Had over 150 guests at Hyde Bellagio for the VYP June Fusion Mixer. Secured Las Vegas Mayor Carolyn Goodman for the return of Big Wig Lunch Time on August 29 at Fogo de Chao!

A

For the most part, the people that I meet while doing business in Las Vegas were not born and raised in

Southern Nevada. After living in Michigan, a state that had been struggling through its own 5-year, single state recession, I opted to move to Las Vegas in 2008. Yes, I know what you are thinking- that I have impeccable timing. While it’s true I relocated to Las Vegas as its bubble was

monthly poll

bursting, I have not regretted it one bit.

to your industry. It’s easy to get bogged down with the day-to-day activities of your job, but for those that go the extra mile to invest in yourself in order to build upon your skills and abilities; you will be more of an asset to your organizations, customers and prospects in the future. 2. Continue to get involved. From industry-specific organizations to the Las Vegas Young Professionals Group, there are a multitude of organizations for you to get involved with. It is my experience that being constantly present in these

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73% Quossim harum laboreic tem que prehenima

This blog is from VYP Advisory Council Member Jonathan Nelson. Whether in one’s personal life or career, my belief has always been that if the fundamentals are there, along with a positive attitude, then it’s not over until it’s

7% Quossim harum laboreic tem que prehenima

over. That’s what keeps me bullish on Las Vegas. It’s a city which is internationally known, home to international companies, has superb educational institutions and

20%

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new to this city over the past few years, I challenge you with this- while you

has some of the brightest minds in the

BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

organizations will help you to build a network of business associates that will be fruitful throughout your career. 3. Stay positive. I think that this can be the hardest thing to do, but stick with it and keep your head up. Persistence in Vegas will be rewarded in due time. People were in and out of Vegas during the boom times, creating an environment of change and instability. This made local business people reluctant to open up at times. However, if you show them that you are knowledgeable in your field and


VYP is the largest Young Professionals Organization in Nevada. We pride ourselves in being the ideal organization to make new business contacts, to gain a unique perspective on the Southern Nevada business community, and to further your professional development. For more information visit VegasYP..com.

mayoral luncheon

Nearly 2,000 attendees representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business Expo. With more than 150 exhibitors, including 14 of Las Vegas’ most popular

fusion mixer Nearly 2,000 attendees representing industries and businesses all over Southern Nevada converged on World Market Center on June 20, to experience Business Expo. With more than 150 exhibitors, including 14 of Las Vegas’ most popular eaterie

LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

39


the final word Quossim harum laboreic tem que prehenima voluptatias essequis nim ea vo-

your thoughts

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add these to your queue book the rise of the creative class Florida’s first national bestseller received the Washington Monthly’s Political Book Award and was cited as a major breakthrough idea of 2004 by the - John Adams, President, ABC Tires

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BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE

website hootsuite Florida’s first national bestseller received the Washington Monthly’s Political Book Award and was cited as a major breakthrough idea of 2004 by the Harvard Business - John Adams, President, ABC Tires

APP goodreads Florida’s first national bestseller received the Washington Monthly’s Political Book Award and was cited as a major breakthrough idea of 2004 by the Harvard Business - John Adams, President, ABC Tires


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

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the final word

label text

Quossim harum laboreic tem que prehenima

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BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


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LAS VEGAS CHAMBER OF COMMERCE July 2012 BUSINESS VOICE

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BUSINESS VOICE July 2012 LAS VEGAS CHAMBER OF COMMERCE


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