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While discretionary spending, leisure and hospitality have taken a notable hit on Las Vegas’ economy, diversification in the Reno area has helped it bounce back quickly. Several innovative tech companies have made notable announcements in the region in the past year. SaaS company Discover Podium announced plans to add 300 employees within five years. Software company PlusPlus plans to hire 100 employees over the next five years. The lithium industry also represents another emerging opportunity in the state.
No corporate income tax, personal income tax, franchise tax, inventory tax, inheritance tax or estate tax.
Nevada Standard Abatement Package: Offers a re- duction of sales and use tax to 2% for two years, reduc- tion 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 prop- erty tax abatement of up to 50% for 10 years for taxes due on tangible personal property.
Nevada Data Center Abatement: Offers partial abate- ments from personal property, sales and use taxes to companies that locate or expand in the state.
The SkillsMatch software program helps people identify which employment skills they have and how they can become more employable in the market. The program works with university and community college systems along with workforce boards to develop skills-based training and education.