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How to Grow Manufacturing Jobs In Nevada

How to Grow Manufacturing Jobs In Nevada

Growing & Retaining Manufacturing Jobs In Nevada

With the Nevada manufacturing sector experiencing exceptional growth, it is also being hard hit with unprecedented workforce shortages and growth challenges. In an effort to address these issues and provide area businesses with insight into the future of manufacturing, the Nevada Economic Development Conference (NVEDC) will offer extensive sessions and speakers exploring manufacturing, workforce development, and more at its upcoming event.

The conference will be held at the University of Nevada, Las Vegas on September 11 thru 13, 2017. Programming is designed to be applicable and beneficial to all regions of the state.
Manufacturing sessions include:

Tools of the Trade-Growing and Retaining Manufacturing in Your Community
• Tools for retaining and growing manufacturing
• Utilizing federal, state and local programming to aid growth

Makerspaces to Makers
• Helping entrepreneurs develop ideas/prototypes
• Nevada based makerspaces
• Impact of makers on economic development

Winning Big in Manufacturing Business Attraction
• Nevada the leader in economic development
• Innovative business attraction
• Insiders look at new Nevada businesses

Nevada’s Industrial Development Update & Analysis
• Explore land and industrial development in the Silver State
• Impact of large industrial sites
• The future of industrial site absorption and availability

NVEDC will also offer tours of the Henderson Booze District. The tour will feature: Grape Expectations, Las Vegas Distillery, and Crafthaus Brewery. Discussion includes how these companies navigated the operating environment through legislation, distribution regulations, zoning, financing and sourcing agricultural commodities from Nevada’s rural communities.

The third annual NVEDC conference will feature exclusive tours and track sessions that include the state’s leading experts in the fields of agribusiness, economic development, energy, infrastructure/transportation, manufacturing, tourism/gaming and workforce development. Programming is designed to address issues facing the businesses and communities throughout the state and facilitate in sharing new ideas, innovation and technological advances.

NVEDC is the only business development and networking conference of its kind, offering a forum for a broad section of professionals to explore and share ideas, programs, services and products that will help “build a stronger Nevada in a global economy.”

NVEDC Conference Chair, Barbra Coffee – City of Henderson, Director, Economic Development, said, “The Nevada Economic Development Conference has worked hard to tailor programing to address the many pertinent issues facing businesses and communities throughout the State of Nevada and facilitate in sharing new concepts. The quality of the presentations and information that is shared is invaluable to Nevada businesses and the future of our economy.”

About the Nevada Economic Development Conference-NVEDC

Presented by UNLV’s Lee Business School, the UNLV Center for Business and Economic Research; the University of Nevada, Reno (UNR) College of Business and the Western Nevada Economic Development District (WNDD). This will be the first year NVEDC is hosted in Las Vegas. The opening sessions, off-site tours, breakout sessions, and keynote speakers create a multi-track conference focused on the state and its strength in a global landscape, aiming to build capacity, increase efficiency and promote innovation to proactively respond to Nevada’s rapidly changing economic environment.

Learn How to Grow Manufacturing Jobs in Nevada at the  Nevada Economic Development Conference and to view the schedule of events, visit: NVEDC.com.

See the article at: Carson Valley Times

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Robots and Artificial Intelligence Poised to Man 60 Percent of Nevada Jobs by 2035?

Robots and Artificial Intelligence Poised to Man 60 Percent of Nevada Jobs by 2035?

CARSON CITY, Nev. – In its ongoing campaign to educate and prepare Nevada businesses and community members on the rapidly changing economic environment within the Silver State, the Nevada Economic Development Conference (NVEDC) scheduled for Sept. 11-13 will highlight a discussion into the future of job loss due to technological advances and automation. Dr. Johannes Moenius and Dr. Jess Chen, both from the University of the Redlands, will address these issues and more during their session on Tuesday, September 12, 2017 at 10:30 a.m. at the University of Nevada, Las Vegas (UNLV).

While past analysis of job loss due to automation has focused on the Rust Belt, new research from Moenius and Chen shows that coming decades will see high concentrations of job loss in low-wage positions such as food preparation, office/administration and sales. It is estimated that by 2035, more than half of U.S. jobs will be susceptible to automation. Further, the Las Vegas and Reno Metropolitan Statistical Areas (MSA) could see job losses of up to 65 percent, due to their dependency on these lower income positions.

See the complete article at: Carson Valley Times

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Nevada Economic Development Conference 2017

Nevada Economic Development Conference 2017

The 3rd- Annual Nevada Economic Development Conference is “Building a Stronger Nevada in a Global Economy” and providing opportunities to hear from a broad cross-section of business professionals, policy leaders and economic experts who will share what is happening in a dynamic, changing Nevada economy.

The Nevada Economic Development Conference is the only business development and networking conference of its kind. It is the largest event ever co-hosted by Nevada’s two universities.
Gathers experts from the State of Nevada as well as across the United States who will discuss Nevada’s new emerging economy, opportunities and trends to know about as Nevada expands its presence on the world stage.

Multi-track format that has something for every aspect of business, industry and community leadership.

#NVEDC

When: September 11, 12 and 13, 2017
Where: University of Nevada, Las Vegas

Visit: NVEDC.com

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What You Need to Know About Family Owned Businesses

What You Need to Know About Family Owned Businesses

Carson City Attorney, Will Wagner,  Explores the Challenges of Running a Family-owned Businesses

Will Wagner with Allison MacKenzie Law Firm specializes in legal Business, Real Estate, Litigation, Appellate, and Administrative Law. A proud Nevada Native, he attended the University of Nevada, Reno. He later earned his law degree from the Sandra Day O’Connor College of Law at Arizona State University where he graduated cum laude.

In his recent article in Northern Nevada Business Weekly, Will explores the challenges of running a family-owned business.

He notes that running a family-owned business can present both advantages and disadvantages while competing in the marketplace. Further, it is vital to understand that family dynamics in a business can add complexity to operations that competitors may not be burdened with. However, the personal and financial payoff can be immense for businesses that overcome common obstacles and pitfalls of working with family members.

Some of Will Wagner’s practical and legal suggestions for successfully operating a family-owned business includeL

Creating Structure:

While family-owned businesses often begin as a hobby or an idea among family members, as the business grows, it is imperative to create a legal structure to operate efficiently. Be sure to establish yours by creating an entity, registering with the Secretary of State’s Office, establishing separate bank accounts, and developing a business plan.

Establishing Clear Roles:

Make these roles as “official” as possible by creating titles and providing business cards. It would be prudent to require a family member to sign the same employment agreement that non-family employees sign, and subject family members to the same performance reviews as non-family employees.

Balancing Family vs Work Time:

Establish clear working hours and keep some family activities work free.

Creating a Succession Plan:

Plan ahead and have an exit strategy.

 

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Final Rule on Fiduciaries

Final Rule on Fiduciaries

 

 

 

 

 

 

Let’s Talk Retirement: Department of Labor’s Final Rule – by Jordan Walsh

 Jordan Walsh is an associate with Allison MacKenzie Law Firm with primary practice in the areas of Labor and Employment Law and Civil Litigation. Jordan was admitted to practice in Nevada and California in 2014.

“The way we plan for retirement in the U.S. has changed drastically in recent years. In the past, employees could rely on pensions, which were typically managed by a financial expert, to support them through retirement. Today, for most of us, pensions are things of the past, and we are responsible for making the financial choices that shape our retirement. While this system provides retirement savers the flexibility to make financial choices that are uniquely tailored for their situations, this method of saving is fraught with pitfalls since most of us lack the skills needed to invest savings in a manner that will allow us to efficiently meet our retirement goals. Accordingly, we look to financial advisors to assist us in making smart financial decisions that allow us to reach our retirement goals.

While most of us have good relationships with our financial advisors, statistics suggest that there is a segment of financial advisors who abuse the trust of their clients by putting their own financial gain above their clients. The Department of Labor (“DOL”) and the White House Council of Economic Advisors (“CEA”) estimate that on average conflicts of interest between unscrupulous financial advisors and their clients cause retirement savers to earn one (1) percentage point less annually than would be expected based on the status of the economy and returns. Furthermore, the DOL estimates that such advisors cause their clients to waste upwards of $17 billion of retirement savings yearly on exorbitant fees and lost revenue associated with the purchase of ill-advised financial products resulting from a conflict of interest. Conflicts can occur because financial advisors are not currently held to a fiduciary standard under the law, and have no duty to provide advice that aligns with the client’s financial goals. In fact, it is common for firms and purveyors of financial products to provide financial incentives to advisors whose clients invest in certain financial products.”

Read the complete article at Northern Nevada Business Weekly.

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