CEO Guide to the States

Nevada

SHINING IN THE SILVER STATE

Nevada is growing big time, both in its population and economy. The Las Vegas-Henderson-Paradise metro area is projected to be one of the fastest-growing metro areas in the U.S. between now and 2060. To accommodate more than a million additional people living and driving in the area, officials are planning big infrastructure up- grades under the Access 2050 Regional Transportation Plan. Lyft and Motional are working toward launching a fully driverless robotaxi services, while the Boring Company works on an underground public transporta- tion system with more than 55 planned stops. Inthe past several years alone, the region has attracted nearly 60 new companies, 30 headquarters and 5,600 jobs.

“In Nevada, we are pretty much confined in the entertainment and mining space... and we have to expand on that by increasing education availability and workforce development and by getting into more of a manufacturing space versus a logistics space.”
Joe Lombardo
Governor

TAXES

No corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

No corporate income tax, personal income tax, franchise tax, inventory tax, inheritance tax or estate tax.

Nevada Standard Abatement Package: Offers a reduction of sales and use tax to 2% for two years, reduction of modified business tax to 50% for four years and reduction of personal property tax to 50% for 10 years.

Nevada Aviation Abatement: Offers a personal property tax abatement of up to 50% for 10 years for taxes due on tangible personal property.

Nevada Data Center Abatement: Offers partial abatements from personal property, sales and use taxes to companies that locate or expand in the state.

EDCs

Nevada Governor’s Office of Economic Development

goed.nv.gov

Economic Development Authority of Western Nevada

edawn.org

Las Vegas Global Economic Alliance

lvgea.org

HIGHLIGHTED PROGRAM OR INITIATIVE

In March 2022, the state announced the first-ever nationally ranked small business and startup accelerators will operate in Las Vegas and Reno-Tahoe. Alongside Nevada’s State Small Business Credit Initiative (SSBCI) program, gener8tor Las Vegas and gener8tor Reno-Tahoe will invest in and accelerate at least 10 small businesses and startups per year.

BIG DEALS

  • Autonomous electric vehicle company Nuro announced in August 2021 that it will construct a factory in the state and convert 76 acres of the Las Vegas Motor Speedway into a robot-card R&D center.
  • Ball Corporation announced in September 2021 a $176 million investment and 178 jobs at a facility in Clark County.
  • CAE SimuFlite announced a $55 million facility in Clark County that will create 78 jobs in the first two years.
  • Nanotech Energy announced in November 2021 it will build a 517-acre manufacturing campus and create more than 1,000 jobs in the next five years in the Greater Reno area.
  • Haas Automation announced in March 2022 a $100 million relocation of operations to Clark County that will create 500 jobs.
  • Crocs announced in June 2022 an $85 million distribution center and 325 new jobs in Clark County.
  • VSE announced in June 2022 an electronics research, design and assembly facility with 70 jobs in Washoe County.

BIG COMPANIES

  • Caesars Entertainment (Fortune 500 headquarters)
  • MGM Resorts International (Fortune 500 headquarters)
  • Las Vegas Sands
  • Amerco
  • Tri Pointe Homes
  • Wynn Resorts
  • Southwest Gas
  • Boyd Gaming
  • Light & Wonder
  • Fidelity Investments
  • BAE Systems
  • GE Aviation
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.