Chris Sieroty on Muck Rack

Chris Sieroty Verified

Las Vegas
Producer, KNPR Las Vegas

Producer & Reporter with KNPR's State of Nevada #knprtalk and a contributor to Las Vegas Business Press and Nevada Business Magazine.

Small loans led to growing business — Although she has worked in the temporary and permanent employment business for almost a decade, Laura Nowlan found herself wanting something more than working 40 hours a week for someone else. So, she and her business partner, Yadira Barbarin, took a chance and opened their own agency in a modest office near the Las Vegas Motor Speedway in North Las Vegas.

Las Vegas Business Press — When lawmakers and economic development officials created the Catalyst Fund in 2011, the idea was to help lure business to Nevada or help existing businesses expand their operations and hire more employees. Now it's time for a refresh to what state officials see as a program that delivers.

Nevada banks’ profits slip as deposits soar — The 18 Federal Deposit Insurance Corp.-insured banks based in Nevada have earned $877 million through the first six months of the year, a decline from $992 million posted in that period last year and $1.07 billion in 2013.

Umpqua Bank adds Vegas loan office — Umpqua Bank, a subsidiary of Umpqua Holdings Corp., is expanding its presence in Nevada with a new branch in Las Vegas. And the bank has hired Aric Graham, who most recently served as vice president of commercial lending at US Bank in Las Vegas, as its senior vice president of commercial banking and regional director.

Credit Unions did well at legislature — For most Nevadans, the 2015 legislative session will be remembered for Gov. Brian Sandoval's successful campaign to pass a $1.1 billion tax package, with much of the new funding going to efforts at reforming education or paying for new programs. Beyond education, there were other crucial bills that flew under the radar.

Hotel creditors ready to sell debt at a loss — Lowes Lake Las Vegas, a hotel within a luxurious but financially troubled golf community and resort 20 miles from the Strip, continues to struggle as the multimillion-dollar loan backing the property goes through another reappraisal, according to Trepp LLC. That loan is expected to be sold at a loss, the Trepp report said.

Political football: Feud over tax exemption — Drive any direction on Sahara Avenue between Interstate 15 and Valley View Boulevard and you'll find banks and credit unions doing business side by side among casinos, chain retailers, small businesses and check cashing businesses. Credit unions and banks both provide financial services to consumers and businesses.

Nevada ranks second best in tax survey — Tesla Motors Inc.'s decision to build a $5 billion battery factory just west of Reno in Storey County continues to pay dividends, not only for the region, but the entire state. The so-called "Tesla effect" has seen company employees starting to relocate from San Francisco to Northern Nevada.

Las Vegas Business Press — Will Nevada's medical marijuana industry be an all-cash business? Is there a financial institution willing to tackle the tricky business of banking dispensaries, growers and other marijuana-related companies? So far, nearly every bank and credit union in Southern Nevada has refused to offer checking or credit card services for fear it'll be investigated, fined or possibly shut down by the federal government, which classifies marijuana, medical or recreational, as an illegal narcotic.

Banks remain wary of approving credit card use for Internet gaming — Credit card transactions have been a challenge for online gaming operators in markets where Internet poker and online casinos are legal, including Nevada. There have been banks that seem to have no issues with processing these transactions and others that have been risk-averse.
More Articles →
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Likely candidates to replace fired Nationals Manager Matt Williams

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ICYMI: Full House Resorts is planning to buy Bronco Billy's Casino and Hotel in Colorado.… @KNPRnews

Oct 05, 2015

Nationals fire Ex-UNLV Rebel Matt Williams after two seasons as manager.…

Oct 05, 2015

@WilliamHillUS says the Pittsburgh Pirates are 10/1 to win 2015 World Series, Chicago Cubs are 8/1. Money line is Pirates +108 Go @Pirates

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