Business Voice

2 BUSINESS VOICE JULY 2012 LAS VEGAS CHAMBER OF COMMERCE

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3LAS VEGAS CHAMBER OF COMMERCE JULY 2012 BUSINESS VOICE

wesomeness.” It was one of the

representative responses we

received when surveying attendees

as they departed the Chamber’s

Business Expo on June 20 at World Market

Center in downtown Las Vegas. Business Expo

swarmed with the energy. Every inch of the

trade show floor buzzed with conversation –

companies rediscovering new ways to connect

and do business with one another. 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.

A number of tech start-up companies occupied

Innovation Avenue, one of the streets at Expo’s

newly featured “pop-up business community.”

They were introduced to the business

community for the first time and proved why

the start-up scene in Las Vegas is so vibrant

and dynamic.

We saw new products and original new services,

and were reintroduced to brands that have been

longtime standards in Las Vegas. Exhibitors

strategically selected their booth placement

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

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

the businesses exhibiting and attending, as well

as the different industries and fields represented,

Expo was an exciting melting pot of diversity

and collaboration.

With its interactive community of exhibitors

and attendees, Business Expo exemplified how

simple conversation can turn into connection,

how different industries and companies can

relate and do business with each other, and how

exposure to a new, innovative idea can spawn

inspiration. For those of you attending Expo

or any other event, our advice is to keep the

connection. Remember your conversations. Be a

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

follow-through. Engage your new connections

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

top of mind.

We’re looking forward to hearing more about

the results of your Expo experience. Know that

the Chamber is your biggest ally when it comes

to helping you make successful connections. For

us, seeing that happen is “awesomeness.”

A

embracingawesomeness

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.

KRISTIN MCMILLAN PRESIDENT & CEO

Let us know:

Tell us how you

made the most

of your Expo

experience.

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

at 702.641.5822

or email info@

lvchamber.com.

We’d love to

hear from you.


is your business ready?

workingfor you

nevada drug card

memberinsights

bringing energy to the people

cover photo by francis + francis

JULY 2012

table of contents

09

12

12

622

06

08

15

18

20

24

26

28

34

36

37

38

Chamber News

News You Need

Planting the Seeds

Your Scene | You’re Scene

What’s Happening

Spotlights

In the Know

Member News

Ribbon Cuttings

Member to Member

Marketplace

Vegas Young Professionals


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bvbusiness voice

Trustees

Bob Ansara Ricardo’s of Las Vegas, Inc.

Bob BrownLas Vegas Review-Journal

Senator Richard BryanLionel Sawyer & Collins

Kevin BurkeBurke Construction Group, Inc.

Tim CashmanLas Vegas Harley-Davidson

Cornelius Eason

Jonathan Halkyard

Dallas HaunNevada State Bank

Corey JenkinsSAVMOR Rent a Car

Bart JonesMerlin Contracting & Developing

Bill NelsonPiercy Bowler Taylor & Kern

Karla PerezValley Health System

Gina PolovinaBoyd Gaming Corporation

Dilek Samil NV Energy

Steve SchorrCox Communications

Larry SingerGrubb & Ellis - Las Vegas

Neal SmatreskUniversity of Nevada, Las Vegas

Bruce SpotlesonGreenspun Corporation

Michele Tell WoodrowPreferred Public Relations, LLC

2012 Board of TrusteesExecutive Committee

Production Team

Kevin OrrockChairman of the Board

The Howard Hughes Corporation

Jay BarrettChairman-Elect

The JABarrett Company

Michael J. Bonner Immediate Past Chairman

Greenberg Traurig, LLP

Hugh AndersonAnderson & Delutri @ Merrill Lynch

Russ JoynerMiracle Mile Shops

Vicky VanMeetren St. Rose Dominican Hospitals,

San Martín Campus

Nancy WongArcata Associates, Inc.

V O L U M E 33 N U M B E R 7

Las Vegas Chamber of Commerce 6671 Las Vegas Blvd. South, Ste. 300

Las Vegas, NV 89119-3290702.641.5822 • LVChamber.com

Kristin McMillanPresident & CEO

Las Vegas Chamber of Commerce

John OsbornPublisher

Cara Roberts

Executive Editor

Greta SeidmanManaging Editor

Ben Myhre Graphic Designer

MJ Dennis Production Coordinator

Carol SkerlichAdvertising Account Executive

702.586.3853

Printed locally by Creel Printing

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, NVPOSTMASTER: Send address changes to: The Las Vegas Chamber of Commerce,6671 Las Vegas Blvd. South, Ste. 300Las Vegas, NV 89119-3290


chamber news

new policy committees

last chance to nominate

business licensing

white hot 6

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

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)

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

• Non-Profit Business of the Year

• Woman/Minority-Owned Business of the Year

These annual awards celebrate the best

and brightest in Southern Nevada’s small

businesses. Qualified nominees receive

exposure on LVChamber.com and finalists

are celebrated at the Small Business

Excellence Awards Luncheon on Thursday,

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.

Vegas Young Professionals has had a year

of major milestones – reaching more than

1,300 members, introducing health and

life insurance for members and achieving

a new level of community involvement

with the Reclaim Your Future campaign

with the Clark County School District and

partnerships with the Leadership Las

Vegas program and UNLV.

vyp celebrates six

years of white hot!


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news you needa game changer

host committee business license

water rates

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

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

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

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

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

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

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

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

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

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

example of how the Las Vegas Host Committee is embracing community

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

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.

For more information on the

Chamber’s involvement with

the SNWA water rate increase,

visit LVChamber.com


for yourbenefit

business license AD

ith skyrocketing prescription

costs, many people often find

themselves in a compromising

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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

with the cost of everyday prescriptions. The

card can also be used for those without health

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nevada drug card


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.

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.

Section 179 Deduction: You can make a

“Section 179 election” on your tax return to

expense new and used assets placed in service.

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

This amount is reduced or phased out when

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

In 2012 the Section 179 amount is reduced

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

phased out when your fixed asset purchases

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

accrual basis taxpayer, you should review your

W

tax season is in full swing - are you teed up?

is yourbusinessready?

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

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

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

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

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

Plan (SEP) for 2011.

Business Credit Card: Remember that expenses made on your business

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

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

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

tax prep season


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connectivity to I-40, a significant

truck line that has the potential to

use Las Vegas as a trucking hub. The

proposed interstate could also lead to

further expansion of manufacturing

and distribution centers in Nevada. Las

Vegas has the opportunity to strongly

compete on a time and cost basis for

goods to be distributed to other states.

“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

us much more competitive for ground-

based transportation industries.”

Dr. Lang is a long-time proponent of

this infrastructure development, noting

the potential for reduced travel time

of goods and passengers driving from

the south and the east to Southern

Nevada. He also intimates that such a

development could theoretically make

northwest Arizona a type of suburb to

Las Vegas, creating an expanded metro

area that would support increased

he Las Vegas Chamber of

Commerce is supporting

efforts to develop the

proposed I-11, an interstate

highway that would connect Phoenix

and Las Vegas to major shipping ports in

Southern California and Mexico.

Las Vegas and Phoenix are the only two

sizable cities in the nation without a

direct interstate connection. Supporting

this measure could lead to dramatic,

positive changes for Nevada, including

new job creation and a significant means

for diversifying and strengthening the

local economy.

Not only does this connection set the

stage for increased tourism ground traffic

from our third-largest tourist market,

it would also provide full interstate

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niet verumqu iantece

aruptat fugiatem. Et que

et ipsuntia sollici tinctis

a quam estem coneste

mporepuda volorunt a

vel ius excea conecto

tatumquat peri nobis et,

adis simenda cuscium

aut lauditisquam re res

simustrum eum ligeni

dolupti dolores eos num

que vel et omnia cus

cores qui non esequae-

cepe mi, nossunt offica-

tius exerro eum exerore

providios sanit qui sit,

quis nest quam ius.

Aturepe llabor sa

volumqui volore inullen

dendellor ma si volore

praes corporias con eni-

hill aborroris aute latiis

alignis susdam arum ex

es deliquo tem erum es

eaquatem atam harchil

ipsanisint reperi au-

dam faccaer natest esci

omniam inciis ad ut min

earum inciisi tiusaperi

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proposed interstate would connect

southern nevada to an economic lifeline

working for you

sidebar headline i-11:

the missinglink

GOVERNMENT AFFAIRS AND PUBLIC POLICY


upcoming committeemeetings

“Our problem is, we’ve been cut off,” explains Dr. Lang. “This completes

the entire interstate system. It’s the missing link – the Las Vegas-

Phoenix connection.”

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

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

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

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

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

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

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

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

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

commuters and transport drivers. The ramifications of the slowdown

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

enihill aborroris aute latiis alignis susdam

arum ex es deliquo tem erum es eaquatem

atam harchil ipsanisint reperi audam fac-

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quos ra doloribus aditium aliatur?

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similis experciis plitae duntus enitae conse

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eggs & issues

“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.”

14 BUSINESS VOICE JULY 2012 LAS VEGAS CHAMBER OF COMMERCE12 BUSINESS VOICE | JULY 2012 | LAS VEGAS CHAMBER OF COMMERCE

planting the seeds


he 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’

T

regrowth


renewal

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

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


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 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,”

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 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 opportunities

Las Vegas is poised to take

advantage of as it emerges

from the recession, as well

as the challenges it still has

to overcome.

The past few years have

presented a multitude of

challenges to businesses,

many of which were in what

Aguero refers to as “survival mode.”

While many struggled to make ends

meet and keep the doors open through

a bottomed-out real estate market,

a nearly non-existent construction

industry and an overwhelming decline

in consumer spending, some of the

residual effects are here to stay, flip-

flopped to become positive influences

on businesses here in Southern Nevada.

This includes the majority of businesses

running leaner, more streamlined and

more competitive operations. Business

and community leaders are taking the

momentum of an improving outlook

to propel businesses forward with a

i think measured optomism is the best approach

while surely [we] have some remaining hurdles, conditions continue to improve


your scene | you’re seen

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

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 expo

businessafter hours


AD

your scene | you’re seen


what’s happeningPLACES TO BE. PEOPLE TO MEET. THINGS TO KNOW. IN AUGUST.

04

06

04

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




5:30 - 7:00 p.m.







5:30 - 7:00 p.m.







5:30 - 7:00 p.m.




how to register:

Visit LVChamber.com and

click on the Events Calendar.

Call 702.641.5822.

The Las Vegas Chamber of Commerce is

located in the Town Square shopping center:

6671 Las Vegas Blvd. South, Suite 300

Las Vegas, NV 8911920

EVENT DETAILS:

Wednesday, June 20

Noon – 5:00 p.m.

World Market Center, Building C

495 S. Grand Canyon Pkwy.

2012

AUGUST


00 - CHAMBER EVENT 00 - VYP EVENT

04

06

04

06

06

06

06




5:30 - 7:00 p.m.







5:30 - 7:00 p.m.







5:30 - 7:00 p.m.







5:30 - 7:00 p.m.







5:30 - 7:00 p.m.







5:30 - 7:00 p.m.







5:30 - 7:00 p.m.




august sponsors and hosts:

eggs & issues

white hot

17

12

*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.

AUGUST

AUGUST


member insights

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 repre-

sent what the Chamber is all about.

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






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






Tachelle LawsonDirector of Sales & Marketing Levy Restaurants at Las Veg






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






Tachelle LawsonDirector of Sales & Marketing Levy Restaurants at Las Vegas Motor Speedway
















WHAT IS YOUR FAVORITE CHAMBER BENEFIT AND HOW DOES IT HELP YOUR BUSINESS?

B

A

C

D

F

E


AD

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spotlights

presidents club

FIRST NAME LAST NAME -

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executive level

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orkers’ compensation

is one of the few types

of insurance where the

insurance buyer decides

directly how much to pay for the

policy. There are a number of factors

that influence how the final premium

is calculated, but they all boil down to

one thing: claims history. From tiered

pricing to schedule credits to experience

modifications, insureds with fewer claims

pay lower premiums.

On March 1, 2013, the National Council

on Compensation Insurance (NCCI)

will be making a significant change in

the price most of us pay for workers’

compensation insurance. The formula

used to determine the credit (or debit)

for an individual business based on its

safety record will be modified to provide

even greater penalties for insureds with

claims. The good news is that employers

with fewer claims may actually see a

reduction in premiums.

Here’s how it works: If your average

annual premium is more than $3,000,

you are eligible to have an experience

modification (or e-mod) applied to your

policy. An e-mod is a comparison of

how your claims measure up against

similar types of businesses over a three-

year period. If the e-mod is less than

1.00, your claims are fewer than average

and your premiums are discounted

accordingly. Conversely, an e-mod

greater than 1.00 indicates losses that

are greater than your peers and your

premiums will be increased.

Under the current formula, claims are

“charged back” based on both frequency

and severity. When a claim is entered

into the calculation, the NCCI applies

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

of its value. The balance of the claim

is then discounted to soften the impact

of a severe loss. After March 1, the first

$10,000 of any claim will be included

at full value and only the amounts more

than that will be eligible for discounting.

This means that, if you have claims that

are more than $5,000, your premiums

will more than likely increase next year.

To get an idea of how this could affect

insurance costs in 2013, consider a

hypothetical retail employer whose

workers’ compensation premiums are

$10,000 per year. Currently, a claim

costing $10,000 will increase the annual

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

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

will increase the annual premium by

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

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

can you make certain you aren’t paying

A

in the know

too much for workers’ compensation?

Here are four steps that can help:

Make sure the current e-mod

calculation is accurate. Ask your

insurance professional for a copy

of your experience rating form

and verify that the payrolls are

correctMitigate the claims you do

have by implementing an early return

to work program. Nevada allows

claims to be

Under the new e-mod calculation,

employers who have maintained

good safety records will be

LABELTEXT

Currently, a claim costing $10,000 will increase the annual premium by $1,800 for

three years, for a total of $5,400.

IMPORTANT NEWS ON WORKERS’ COMPENSATION


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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member news The Las Vegas

Chamber of

Commerce is proud

to provide members

with a place to

publish their current

announcements.

Email news items

to pr@lvchamber.

com or fax to

Public Relations at

702.735.0320.

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

PRES IDENT’S CLUB MEMBER | EXECUTIVE LEVEL

community serviceCity 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

congratulationsSeven 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.


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announcementsSunrise 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.

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 dealingRepublic 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.

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


know the numbers

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cepe mi, nossunt officatius exerro

eum exerore providios sanit qui sit,

quis nest quam ius.

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inullen dendellor ma si volore praes

corporias con enihill aborroris aute

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sidebar headline

Utah is increasingly more interconnected with the national and global economies and was the only state in the last five years to successfully double exports. Furthermore, long-term growth prospects are solid. The state’s productive, young and educated workforce continues to attract the attention of employers. Prudent fiscal management allows Utah to maintain a favorable environment for business. Strategic planning and infrastructure investments will also accommodate and enable future growth. Utah’s demographics, diversified economy and sound management will allow the state to outperform national averages. Mirroring the state’s economy, Salt Lake County outperforms growth averages during good times and escapes extreme lows experienced during downturns. At the present time, northern Utah will benefit from several large investments, both public and private. Notable projects include: the National Security Agency’s new data center, UTA’s commuter and light rail expansion, and City Creek Center downtown. These projects are important, because they will attract new money to the region and encourage further investment.

During 2011, Salt Lake’s commercial real estate market demonstrated solid improvement. Overall, the metro area’s commercial real estate market reflected its economy. Each type of commercial property is influenced by different sectors of the economy, but all property types experienced improvement over 2010.

Salt Lake County’s industrial market is one of the leading markets in the country. Availability continues to remain low at 8.8%, up slightly from year-end 2010 when it was at 8.5%; this is remarkable due to the fact that almost one million square feet of new industrial space was constructed. Furthermore, square footage under construction increased each quarter in 2011, reaching 1.24 MSF at year-end. Total transaction activity rose to 1.75 MSF for 2011, a 6.5% increase over 2010. The market wide achieved lease rate continues to maintain stability at $0.35 PSF.

Salt Lake’s office market also performed well during 2011. Employment related to office demand grew at a healthy rate. Over the last 12 months, professional and business services grew by 4.8% and financial services grew at a rate of 3.3%1. Absorption was 63% higher than the five year average and vacancy fell by nearly two percentage points to 15.3%. However, average asking lease rates are still experiencing downward

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

For retail properties, 2011 broke a consistent negative trend of decreasing lease rates and increasing availability stemming back to 2007. New national retailers entering Utah brought welcome attention to the local market. Retail properties began to demonstrate modest levels of improvement as vacancy decreased and lease rates continued to rise. Additionally, activity in new construction is evidence of growing demand for retail. In the coming year, these positive trends are expected to continue as retail economic indicators are forecasted to experience positive growth.

Commercial real estate will continue to outperform national averages in Salt Lake during 2012. However, challenges in the broader economy are causing uncertainty in the outlook. While the primary issues facing global markets are economic in nature, it is essential to note that their resolution is dependent upon political outcomes. Elections and transfers of power will be held in critical areas during 2012, including China, France and the United States. An election year dynamic will only complicate political conditions necessary to confront the fundamental issues threatening the global economy.

MARKET STUDY 2011 1

MA

RK

ETC

OM

MEN

TARY

CHANGE IN EMpLoYMENT IN SELECTEd WESTERN STATES

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

2006 2007 2008 2009 2010 2011

CA

AZ

CO

NV

UT

ID

SLCo

Source: Salt Lake County, Utah

1 Bureau of Labor Statistics

oFF

ICE

MA

RKET

STU

DY VACANCY

The absence of large amounts of new space entering the market allowed vacancy rates to make substantial improvements in 2011. Vacancy declined from 17.1% at the end of 2010 to 15.3% at year-end 2011. Class A space continues to enjoy the lowest vacancy, falling from 14.4% 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 a percentage point to 20.9%. The market will require approximately 650,000 SF of positive absorption in 2012 to maintain current vacancy rates. Taking current market activity and projected economic growth into consideration, downtown vacancy will increase significantly, with market-wide increases also likely.

LEASE RATESOverall 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 C rates increased by 1.4%. With large amounts of new space entering the market and continuing soft demand, lease rates can be expected to remain under pressure. Tenants in the market are still very sensitive to costs as organizations guard their bottom line and demand value. The balance 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.

Class A Class B Class C Total

Downtown Vacancy 10.7% 16.6% 20.6% 15.7%

Suburban Vacancy 7.8% 15.7% 21.1% 15.0%

Metro Vacancy 9.0% 16.0% 20.9% 15.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Vaca

ncy

Rate

2006 2007 2008 2009 2010 2011

Class A $22.51 $23.52 $24.27 $26.26 $25.77 $25.15

Class B $17.93 $18.85 $19.49 $19.85 $19.80 $19.83

Class C $14.24 $14.87 $13.99 $15.05 $14.90 $15.11

Average $17.39 $18.76 $19.11 $20.25 $19.54 $19.12

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

Dol

lars

per

Squ

are

Foot

MARKET STUDY 20114

$ pe

r sq

uare

foot

vaca

ncy

rate

oFF

ICE

MA

RKET

STU

DY VACANCY

The absence of large amounts of new space entering the market allowed vacancy rates to make substantial improvements in 2011. Vacancy declined from 17.1% at the end of 2010 to 15.3% at year-end 2011. Class A space continues to enjoy the lowest vacancy, falling from 14.4% 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 a percentage point to 20.9%. The market will require approximately 650,000 SF of positive absorption in 2012 to maintain current vacancy rates. Taking current market activity and projected economic growth into consideration, downtown vacancy will increase significantly, with market-wide increases also likely.

LEASE RATESOverall 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 C rates increased by 1.4%. With large amounts of new space entering the market and continuing soft demand, lease rates can be expected to remain under pressure. Tenants in the market are still very sensitive to costs as organizations guard their bottom line and demand value. The balance 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.

Class A Class B Class C Total

Downtown Vacancy 10.7% 16.6% 20.6% 15.7%

Suburban Vacancy 7.8% 15.7% 21.1% 15.0%

Metro Vacancy 9.0% 16.0% 20.9% 15.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Vaca

ncy

Rate

2006 2007 2008 2009 2010 2011

Class A $22.51 $23.52 $24.27 $26.26 $25.77 $25.15

Class B $17.93 $18.85 $19.49 $19.85 $19.80 $19.83

Class C $14.24 $14.87 $13.99 $15.05 $14.90 $15.11

Average $17.39 $18.76 $19.11 $20.25 $19.54 $19.12

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

Dol

lars

per

Squ

are

Foot

MARKET STUDY 20114

$ pe

r sq

uare

foot

vaca

ncy

rate


AD


know the numbers

1.9 million square feet

$2.4 billion cost

14 additional gates

15 baggage carousels

100% common use

32 curbside check-in positions

1,000 cameras

203 self-service kiosks

130 check-in positions in ticketing lobby

1,800 workers employed during the peak of construction

(December 2009)

6,000 spaces in the parking garage

10,000 square foot duty-free shop

BY THE NUMBERS

$

SF

P

%

T3

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eatur similis experciis plitae duntus

enitae conse pos expedita ducit arcilia

id ma inti nonsectur aditiur res dus

sidebar headline


AD


ribbon cuttings

COMPANY NAMEand 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$

PC$

PC$

$ E$

To arrange your ribbon cutting, contact Georgia Allen at 702.586.3838 or email [email protected]

CELEBRATING BUSINESS GROWTH








PC - President’s Club E - Executive Level $ - Chamber Member Discount

SPONSORED BY:

E$

PC$

PC$

$


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

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

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

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.

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

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

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

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

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

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

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

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

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

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

A

member to member

didn’t mind making a few extra

bucks on the weekend for helping

me. It certainly saved me quite a

bit of money, but I was perfectly

willing to spend the money if they

only made it convenient to do

business with me.

We get a lot of excuses from

small business owners about how

they don’t want to pay the fees

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!

Don’t complain to me about the

credit card fees of 3%. Would

you rather have 100% of nothing

or 97% of something? Trust me,

you aren’t saving money by NOT

accepting credit cards.

BY MARK CENICOLA

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.

A COMMON BUSINESS MISTAKE THAT WILL COST YOU MONEY


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Dae vendandi unt re, sum fugia dolluptus ipsam eiciassim re, conse con core volor aperio. Rae. Nemped ute quo tenditat.Dolorem. Nequae vereper ibuscient aliti quas rem etus dolestis et as dit et plit ulparis maximeture, voluptas doloreptam quature pelluptus, corporeicius magnam, simagnatem ea ipisti nos es alitae volectatis

OFFICE DEPOT

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DALE CARNEGIE

970 KNUU

ARS RESCUE ROOTER

NEVADA DRUG CARD

marketplaceThe Las Vegas Chamber of

Commerce is proud to provide

members with a place to publish

their current announcements.

Email news items to pr@

$199

Wednesday, March 7, 2012

Register todayNevada.DaleCarnegie.com

for more information call702.505.4321

HOW TO CONQUER WORKPLACE STRESS

9:00am – 5:00pm Participants learn how to:• Use proven methods to eliminate 50% of your

business worries - immediately• Implement four strategies to reduce fatigue caused

by stress• Cultivate a positive mental attitude and juggle

multiple projects without losing it• Create a healthy work/family balance and stay

calm in conflict situations• Understand the impact of stress on business

OF NEVADA One DaySeminar Series


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

bursting, I have not regretted it one bit.

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

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

has some of the brightest minds in the

country. So for those of you that are

new to this city over the past few years,

I challenge you with this- while you

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

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

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

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

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

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!

Quossim harum labo-reic tem que prehenima



73%

7%

20%

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This blog is from VYP

Advisory Council Member

Jonathan Nelson.

vegas young professionals

updates

monthly poll

stay the course


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.

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

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

mayoralluncheon

fusionmixer


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