Nevada is the 12th Best State for Business 2012

No. 12 Nevada Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 12: Nevada

No. 12

Nevada

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -10.04
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -9.70

Unemployment

  • Unemployment Rate Dec. 2011 %: 12.60
  • Comparison with Nat’l Rate (8.50%): 4.10

Domestic Migration

  • Domestic Net Migration ’00-’09: 361,512
  • Rank: 6

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,646
  • State & Local Gov’t Employees per 10k Residents: 431.88

State-Local Tax Burden

  • Rate (%): 7.48
  • Compared to Nat’l Avg. (9.8%): -2.32
Key Companies
  • Wynn Resorts, Limited
  • Southwest Gas Corporation
  • MGM Resorts
  • Las Vegas Sands
  • NV Energy
Development Trend Indicator: Positive
New Gov. Sandoval whacks regulations to try to jump-start moribund economy.
CEO Comments
“Nevada and Texas are by far the best from a tax perspective.”

“Many business that go out of state [California] go to either Nevada or Texas.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation