News of Note

Webinar Recording Available Questions Answered about PPP Loan Forgiveness

7/20/20

The DVA, in partnership with the Nevada Business Information Network, hosted a webinar featuring Saul Ramos, Nevada Deputy District Director for the SBA, to share information about what businesses need to submit when applying for loan forgiveness. Click here for the webinar recording The U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that: Are self-employed and have no employees; OR Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%. The EZ application requires fewer calculations and less documentation for eligible borrowers.  Details regarding the applicability of these provisions are available in the instructions to the new EZ application form. Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period.  These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan. Click here to view the EZ Forgiveness Application. Click here for Instructions – EZ Forgiveness Application Click here to view the Full Forgiveness Application. Click here for instructions – Full Forgiveness Application Additional information on eligible non-payroll costs including covered utility payments: Eligible non-payroll costs. Non-payroll costs eligible for forgiveness consist of: (a) covered mortgage obligations: payments of interest (not including any prepayment or payment of principal) on any business mortgage obligation Read More

July Message from the DVA Executive Director, Carolyn Wheeler

7/01/20

July signals the second half of the year and a time to check in on business plans and mid-year reviews to see how you are progressing towards your goals for the year.  However, 2020 has been like no other, and the closures, restrictions and requirements have thrown a wrench in so many of our plans. With the recent announcement by the Governor to extend Phase Two through the end of July, it may seem that there is no end in sight for recovery. I would encourage you to take this time reflect on new strategies you implemented to stay in business and adjust your plans to adapt to the new economic and social issues that we are now facing. We recognize that there is a very large gap between inequality, equality and equity in our country and in our community. One of the things that the Downtown Vegas Alliance will include in our strategic plan this year is to ensure that we are supporting businesses of all sizes and colors and providing the support they need to thrive in downtown Las Vegas. We don’t know yet exactly how we’re going to do it, but we won’t stop trying until we get it right. We plan to partner with leading Diversity experts and stakeholders in our community to understand and implement the transformative change needed to support our businesses of color and each other. Our fundamental values demand that we care and that we work towards change so that everyone has the chance to live the American Dream. Carolyn Wheeler Executive Director Downtown Vegas Alliance   Read More

Webinar Recording Available: STAY CONNECTED TO YOUR TEAM

6/29/20

The Downtown Vegas Alliance hosted a webinar, in partnership with the Nevada Business Information Network, that featured the Las Vegas Microsoft team Michelle Henderson, Store Manager, and Tracy Goins, Community Development Specialist. Michelle and Tracy shared how technology-driven strategies can support the productivity and development of your teams in remote and hybrid-work models to help your team be successful in a work from anywhere environment. CLICK HERE TO VIEW THE WEBINAR. Read More

Facial Covering Infographics for Your Business

6/26/20

The DVA has designed two infographics that you can display at your business to remind your employees and customers that facial coverings are required to help slow the spread of the virus. You can easily print them yourself. Click here to download the file.   Read More

ICYMI: Webinar Recording Available for How to Create Social Distancing in Your Office

6/22/20

ICYMI: Webinar Recording Available for How to Create Social Distancing in Your Office The Downtown Vegas Alliance, in partnership with the Nevada Business Information Network, hosted a webinar featuring Craig Palacios, AIA, and his team from Bunnyfish Studio, a leading architecture and interior design firm in downtown Las Vegas. COVID-19 has changed how we do business and how we look at office space. This webinar shared important best-practices for short-term and long-term solutions to create social distancing in work areas and common spaces as offices begin to reopen and bring their teams back to work.  CLICK HERE TO VIEW THE RECORDING Read More


  • Dayvid Figler and Rae Lathrop

    DF: Downtown was great as a kid and it is even greater as an adult. I love all of downtown’s hidden gems, its vibrancy, history and sense of connection. Rae is relatively newer to Las Vegas, but just as passionate about downtown. Downtown lends itself to the shared experience, and as a couple we both love seeing this part of the city through each other's eyes. Photo: Lucky Wenzel

     

  • Rob Ponte

    Some of the best nights I’ve experienced started out with no plan other than walking around to check out what’s going on. The great thing about having so many bars and restaurants downtown is the ability to move around if you’re not feeling the vibe in one place. There are plenty of options just outside the door. Photo: Lucky Wenzel

  • Brandon Wiegand

    The downtown Las Vegas of today has much to attract residents - a burgeoning restaurant and nightlife scene, growing diversity of businesses, and major centers of art and culture. Plus, living downtown I am easily within walking or biking distance of it all. Photo: Lucky Wenzel

  • Hank Gordon, Chairman of Laurich Properties

    It is always a pleasure to deal with the city of Las Vegas’ economic development department. The staff is really interested in helping create a positive business environment to work with.

  • Jonathan Jenkins, Founder & CEO of OrderWithMe

    As our company continues its rapid growth, we quickly realized the need to set up a formal U.S. headquarters. We explored multiple cities and were about to make the move to San Francisco, and then we heard about the complete reinvention of downtown Las Vegas. Coming from China where things are booming and growing, we love that downtown Vegas now has a similar vibe of energy and change. Not only is there an exciting tech community here and much lower costs than the Bay Area, but we love the fact that almost every industry group brings their conventions to our front door once a year.

  • Andy Hsieh, Owner of Lux Delux

    We love the vibrancy and energy of Las Vegas, and downtown is at the heart of it all. That's why we've launched our mobile platform with a focus on downtown. This is an exciting time in Las Vegas history, where community, commerce and technology are all converging at once. Downtown is our city's hidden gem.

  • Ramesh Srinivasan, Chief Marketing Officer & Head of Partnerships of SocialWellth

    We chose to relocate from the suburbs to downtown for several reasons. Our brand image and that of downtown’s mesh perfectly. The new downtown Las Vegas reflects a more hip, startup, social media-style image. Additionally, downtown’s emerging technology corridor, anchored by Zappos, is an environment that enhances our ability to recruit the types of technical skill sets required for our continued growth and success.

  • Mark Brandenburg, President of Golden Gate

    I think downtown Las Vegas is a unique blend of intimacy and great energy. Plus, in contrast to The Strip, it’s so easy to walk around…The Golden Gate has been here for over 100 years and with all the changes going on downtown, it feels like a new era. It truly is a renaissance—the rebirth of a classic.

  • Roberto Mendoza, Co-owner of Banger Brewing

    The city has been great in helping us with the licensing and procedures necessary to start a business. There hasn't been a brewery built in the city of Las Vegas for probably 10 years. So for them it hasn't been a typical ‘cut and paste’ thing. We're something different. It was a team work process to get us opened – a lot of talk and listening on both sides. And now the city started opening up the doors for other breweries once we were up and running. Good news for us and good news for the future. (Photo: Lucky Wenzel)

  • Alexandra Epstein, Executive Vice President of El Cortez Casino Hotel

    This downtown area… is emerging and where many events are happening.

  • Meghan Mossler, Owner of Stitch Factory

    The city and the department of economic development have been very helpful to us and all the other downtown business owners. It’s such a community here, and everyone asks you what you need. That kind of help launching a business is amazing and priceless.

  • Pamela Dylag, Co-owner of Velveteen Rabbit

    The city is so supportive of new businesses. Things are popping up constantly. (Photo: Lucky Wenzel)

  • Marc Abelman, CFO & Co-owner of Inside Style

    Downtown is becoming very much in demand…there’s a limited supply. Run fast, don’t walk.

  • Sam Cherry, CEO of Cherry Development

    For a while, downtown was one of the only places in the valley you would see cranes when you drove around. It was nice that city government stepped up and the private sector married with the public sector to create amazing projects that filled the gap. That was very important for us.

  • Johnny Jimenez, Owner of Toy Shack of Las Vegas

    Our business is booming amid the foot traffic on Fremont Street, and we’ve started to see how tourists are falling in love with downtown as they discover it. In the past year, we’re increasingly hearing things like, ‘Wow, next time we’ll stay downtown instead of on The Strip,’ or ‘We’ve visited downtown many times, but this is the first year we’ve actually stayed in a downtown hotel.’ They like that there is more to do within a smaller walking radius.

  • Rich Worthington, President and CEO of The Molasky Group of Companies

    Historically, downtown Las Vegas has not been a top destination for many locals, but in recent years… that trend is reversing itself. Given all the recent openings and progress, there’s much to explore and experience downtown.