Home » 2014 Best & Worst States » Nevada is the 8th Best State for Business 2014

Nevada is the 8th Best State for Business 2014

Recent investments by companies such as Apple, SolarCity and eBay have helped turn the state in the right business-friendly direction. Adding to the progress is a congressional push toward building out Interstate 11, to create a superhighway from Phoenix to Nevada.

Previous State: Arizona Next State: Louisiana

No. 08 Nevada

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.0
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -1

Unemployment

  • Unemployment Rate Dec. 2013 %: 8.8
  • Comparison with Nat’l Rate (6.70%): 2.1

Domestic Migration

  • Domestic Net Migration 2013: 12,854
  • Rank: 10

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 1,434
  • State & Local Gov’t Employees per 10k Residents: 431.9

State-Local Tax Burden

  • Rate (%): 8.2%
  • Compared to Nat’l Avg. (9.9%): -1.63%
Key Companies
  • Wynn Resorts, Limited
  • Southwest Gas Corporation
  • MGM Resorts
  • Las Vegas Sands
  • NV Energy
Development Trend Indicator: Negative
Relative job growth slides as education-funding initiative threatens progress.


Based on CEO Survey by ChiefExecutive.net

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

About JP Donlon

JP Donlon
JP Donlon is the Editor-in-Chief of Chief Executive magazine.