In The News
By Hubble Smith
Posted: July 11, 2012 | 2:03 a.m.
Nevada State Development Corp., the state's leading provider of Small Business Administration 504 loans, reported 12 loan approvals totaling $3.9 million in June, the highest level in five years.
Read the complete article on the Las Vegas Review-Journal's website.
Monday June 25, 2012
By VEGAS INC staff
Diversity. It's something most employers strive for but often find difficult to achieve. It's a buzzword that gets tossed around workplaces but remains difficult to define. Most employers say they favor it, but fewer prioritize it. Diversity goes beyond hiring workers of different colors, ages, sexualities and abilities. To be truly diverse, a workplace needs to be full of people with different personalities, life experiences and worldviews.
How does an employer achieve that? We got some insight into best practices from local business owners, managers and corporate executives.
...Debra Alexandre, president, Nevada State Development Corp.
At the Nevada State Development Corp., we believe that diversity in our workplace leads to a better understanding of the needs of our small business clients. The success of our business depends on our ability to analyze projects and communicate with clients from varied perspectives, including different age groups, ethnicities, gender, educational backgrounds and time with the organization.
We encourage diversity in our hiring. We are always looking for the best talent, and we recruit across multiple communities to ensure that we are selecting from a diverse range of candidates. Our staff is already quite diverse, and we seek recommendations for candidates from our own employees whenever possible. We work hard to retain excellent employees and provide training and advancement opportunities to all employees based on their performance and desired career path.
We recognize that a diverse workplace requires a top-down commitment to fairness and opportunity from management through every level of the organization. We promote an inclusive environment in which differences are celebrated and everyone's opinion matters. We encourage our employees and management to participate in outside activities benefitting their communities, and we provide financial and other support to deserving community organizations....
Posted: May 25, 2012 2:45 PM PDT
Updated: May 25, 2012 2:56 PM PDT
By Steve Kanigher, I-Team Reporter
...One outlet for business loans is through the nonprofit Nevada State Development Corp., which has offices in Las Vegas and Reno and helps entrepreneurs obtain Small Business Administration loans if they intend to own the building they occupy. Instead of having to put at least 25 percent down to obtain a conventional commercial loan, eligible businesses can put as little as 10 percent down to receive an SBA-backed loan through Nevada State Development.
The organization's president, Debra Alexandre, said they have more than 600 active business loans in their portfolio that are expected to generate at least 18,000 jobs. Alexandre said she is familiar with the argument that businesses are having tough times obtaining loans.NNBW staff, 5/21/2012
Three northern Nevada businesses recently received funding from the Nevada State Development Corp.
Applied Soil Water Technologies received a loan with a 4.23 percent fixed interest rate for 20 years for upgrades to its 20,000-square-foot facility at 56 Coney Island Drive in Sparks.
Read the entire article on Northern Nevada Business Weekly's Website.
By Hubble Smith
Posted: May 19, 2012 | 2:03 a.m.
Funding of Small Business Administration 504 loans provided through the Nevada State Development Corp. increased to $8.5 million in the second quarter, up 31 percent from the year-ago period, the nonprofit company reports.
The next three months should reflect even stronger growth with 17 loans for about $11.4 million, said Debra Alexandre, president of Nevada State Development Corp.
Read entire article on Las Vegas Review-Journal's website.
The Northern Nevada Business Weekly recognized NSDC as the leading SBA 504 lender in both rural and urban projects for the state of Nevada.
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