Business science park to be discussed at workshop
October 16, 2012
Those in the business community are invited to a free community workshop on Tuesday that will focus on the feasibility of a business science park in Douglas County.
The event is scheduled from 9 a.m. to noon Tuesday at Carson Valley Inn in Minden.
Results and recommendations will be presented from a feasibility study that examined the possibility of a clean-tech cluster in Minden, building on the legacy of Bently Nevada, GE Energy, and Western Nevada College.
The study was funded by the Western Nevada Development District through a $67,000 Small Business Administration grant. Nevada Venture Accelerator was hired to analyze the cluster that was identified as a project area in the 2010 Douglas County Economic Vitality Plan.
The study answers the following questions: Does Douglas County have a technology cluster? If yes, then does the county need a physical park, additional infrastructure, or more workforce and education?
Tuesday’s workshop will include time for questions and answers, and an initial roundtable discussion of implementation.
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Those interested in attending are asked to RSVP to firstname.lastname@example.org or call the County Manager’s Office at 782-9821.
collects record school supplies
With the help of its colleagues, City National Bank has collected a record of more than 36,000 school supplies for its third annual Back-to-School Supplies Drive held last month.
The bank donated these school supplies to a record number of 24 elementary schools and a nonprofit group in Nevada, California, New York, Tennessee and Georgia.
As part of this year’s drive, bank colleagues also took part in teaching its financial literacy program to students in subject schools.
The bank started this program several years ago as an enhancement to its Reading is the Way Up literacy program. The Dollars and Sense program is for grades K-12 and teaches age-appropriate information about banking and finance.
The supplies drive now includes colleagues in five states who donate to the cause. This year’s record number of school supplies surpassed last year’s donations by more than 8,000 items, “which is a real testament of the caring attitude City National colleagues have for their communities,” said Richard Shier, executive vice president and manager of banking and investment services for City National.
“The importance of a child coming to school adequately equipped cannot be overstated,” Shier added. “With state budgets strained to the limit, and more children than ever in need, we hope that each donation distributed will make a world of difference in the futures of the students in our communities.”
The school supplies collected and donated this year included erasers, highlighters, round-tip scissors, packs of wide ruled paper, colored pencils, folders, notebooks, pencil sharpeners, rulers, boxes of crayons, glue sticks, pencils, three-ring binders and more.
In Nevada, the following schools received supplies: Fremont Elementary, Carson City, Meneley Elementary, Gardnerville, Jydstrup Elementary, Las Vegas, Jack Dailey Elementary, Las Vegas, and Elmcrest Elementary, Reno.
“This program just gets bigger and better every year thanks to our generous and caring colleagues,” said Jennifer Nickerson, vice president and community relations manager for City National. “Even though these are challenging economic times, our colleagues understand and embrace the bank’s philanthropic vision of helping build stronger communities, especially through education.”
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE: CYN). It is backed by $24.8 billion in total assets, and provides banking, investment and trust services through 78 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta.
The company and its investment affiliates manage or administer $58 billion in client investment assets, including $32.1 billion under direct management.
City National has nine branch offices in Nevada, including five in Las Vegas and one each in North Las Vegas, Reno, Carson City and Minden.
For more information, visit the company’s website at http://www.cnb.com.
SBA loan activity up 48 percent in Silver State
The Nevada State Development Corporation, a nonprofit organization, has approved $45 million in U.S. Small Business Administration 504 loans in the fiscal year 2012.
This compares with $30.4 million in fiscal year 2011, which is a 48 percent increase in loan activity for the state.
In the fourth quarter of its fiscal year, NSDC had $17.7 million in SBA 504 loans approved, compared to $11.7 million in the same time period for 2011 – a 51.2 percent increase in loan volume.
About half the projects were in the Northern Nevada market. NSDC helped four companies relocate to the area, including three manufacturers, the organization said in a press release.
The interest rate for the 504 loan program in October has been at an historical low of 4.26 percent and is fixed for 20 years.