#12 Nevada


8.60 out of 10 in Taxation and Regulation

6.96 out of 10 in Workforce Quality

6.46out of 10 in Living Environment

Right to Work?


Distribution And Data Center Growth In The Desert

Nevada has seen a number of big tech investments, particularly in the Reno area. In January 2017, Tesla Motors started production of lithium-ion battery cells at its $5 billion Gigafactory. Apple just announced a $1 billion expansion of its data center in the Reno Technology Park, and Switch SuperNAP is constructing what will be the world’s largest data center. There’s also strong growth in manufacturing and logistics as companies seek to take advantage of Las Vegas’s fast access to West Coast ports. Amazon is building an 813,000-square-foot fulllment center in North Las Vegas, while sports apparel retailer Fanatics is building a 400,000-square-foot distribution center south of I-15.

From the Governor

“Nevada leads the nation in private sector job creation and continues to break all-time records for employment, thanks to the hard work of our business community and their faith in the Silver State.” Gov. Brian Sandoval

Key Industries

Aerospace & Defense, Agriculture, Drones, Energy, Healthcare, I.T., Logistics, Mining, Tourism

Key Companies

NV Energy
Southwest Gas
Tesla
Zappos
Switch
SolarCity
BrightSource Energy

Key Contacts

Office of Economic Development

Steve Hill, Executive Director
702-486-2700
555 E. Washington Avenue,
Suite 5400,
Las Vegas, NV 89101
success@diversifynevada.com
http://diversifynevada.com/

Key Incentives

Sales and Use Tax Abatement: Offers an abatement on qualified capital equipment purchases with rate reduction to as low as 2%.

Modified Business Tax Abatement: Offers an abatement of 50% of the 1.475% rate on quarterly wages exceeding $50,000 for companies that invest $1 million, create 50 new jobs and pay hourly wages of at least 100% of the statewide average.

Silver State Works Employee Hiring Incentive: Offers up to $2,000 per employee in incentive reimbursements or training allowances for new hires.

Data Center Abatement: Offers partial abatement of up to 75% of the taxes due for 10-to-20-year periods for personal property tax and sales and use tax.

EDCs

Nevada Governor’s Office of Economic Development: diversifynevada.com

Las Vegas Global Economic Alliance: lvgea.org

Economic Development Authority of Western Nevada: edawn.org

Highlighted Program or Initiative

Workforce Innovations for a New Nevada (WINN) offers workforce training assistance in the form of grants to nearby educational institutes for specific courses designed to increase the training and performance of staff.

Big Deals

  • Amazon announced in November 2016 it was planning to construct a $34 million fulfillment center and create 1.000 jobs in North Las Vegas.
  • Solar energy manufacturer Sunpreme announced in July 2017 it would hire 200 new employees and invest $30 million in a facility in Clark County.
  • ERG Aerospace announced in September 2017 it would relocate its current operations in Oakland, California, to McCarran and subsequently make Nevada its headquarters.
  • Xtreme Manufacturing announced in September 2017 it would invest $18.4 million in a new building and add 200 jobs at its existing campus in Henderson.

Big Companies

Four Fortune 500 companies headquartered in state, including:
Las Vegas Sands
MGM Resorts International
Caesars Entertainment
Wynn Resorts

C-Suite Testimonials

“Get it Done State.” —Elon Musk, CEO, Tesla

“Hyperloop Technologies will invest first in regions where we receive government advocacy to move fast. We are grateful for the support we have received from Governor Sandoval, the Nevada Office of Economic Development and Mayor Lee and his team from the city of North Las Vegas.” —Rob Lloyd, CEO, Hyperloop Technologies

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