CEO Guide to the States

Nevada

THE ELECTRIFYING ECONOMY

Nevada continues to lead the nation in population growth and job growth. The lithium-ion battery industry is booming, and it is the only state with a complete lithium supply chain that includes refining, manufacturing and refurbishing sustainable battery materials. The growth in the battery industry has also made the state a major player in the EV supply chain. Several battery projects have been announced here in recent years. Redwood Materials is building a $1.1 billion facility, and Tesla announced in March 2023 it will invest more than $3.6 billion and add 3,000 new jobs at its Gigafactory in Sparks. Nevada has also seen growth in logistics and advantaged manufacturing, which have grown 33 percent and 16 percent, respectively, since 2019. Part of that is due to its location—a one-day drive to Pacific ports and within a two-day drive of every state west of the Mississippi River.

“Nevada continues to lead the nation in economic development, and I’m proud to welcome five new international companies to our state…. Our low cost of doing business, favorable regulatory environment and robust litigation ecosystem make us a top destination for companies seeking expansion in the United States, and we’re excited to continue diversifying our economy with international partners.”
Joe Lombardo
Governor

TAXES

No corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

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 2020 and 2023

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 Economic Development
lasvegasnevada.gov/Business/Economic-Development

Las Vegas Global Economic Alliance
lvgea.org

HIGHLIGHTED PROGRAM OR INITIATIVE

Announced in August 2024, the Nevada Strategic Growth Initiative is a nonprofit dedicated to growing and diversifying the state’s economy. It will work with the Governor’s Office of Economic Development to create new jobs, help existing businesses grow, encourage entrepreneurship and recruit new sustainable businesses to the state.

BIG DEALS

  • Hard Eight Nutrition announced in January 2024 an expansion and the relocation of its headquarters in Henderson. The project is expected to create 49 new jobs.
  • Netherlands-based Urban Mobility Systems announced in June 2024 it will open a new facility in Nevada and create up to 350 new jobs.
  • Canada-based FTE Drilling announced in June 2024 it will establish its U.S. headquarters in Winnemucca.
  • Edgewood Renewables is establishing a manufacturing and distribution facility in Clark County. The $95 million project will create 60 jobs.
  • Apple announced in July 2024 it plans to expand its data center operations at the Reno Technology Park in Washoe County.
  • Alliance North America announced July 2024 an $8.3 million expansion and 136 new jobs at is facility in Henderson.
  • Universal Plastic Mold announced in July 2024 it will relocate its headquarters to Southern Nevada and create 98 new jobs.
  • Battery manufacturer Lyten announced in October 2024 a $1 billion lithium-sulfur battery factory and 1,000 new jobs near Reno.

BIG COMPANIES

Three Fortune 500 companies headquartered in state:

  • Caesars Entertainment
  • MGM Resorts International
  • Las Vegas Sands
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.