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CEO Guide to the States

Nevada

ECONOMIC DEVELOPMENT ISN’T A GAME

While fun and entertainment will always be a key industry in Sin City, Las Vegas is continually getting serious about business. A growing stream of companies is announcing expansions and investments here that have nothing to do with entertainment. This past summer, Bella + Canvas, Crocs, F of N and Nova Holdings all announced new investments in southern Nevada with the potential for another 1,000 jobs in the next five years. Other companies to announce investments in the past two years include Motaional AD, Haddington Dynamics II, Crown Holdings and CAE. To accommodate more than one million additional people living and driving in the area in the following couple of decades, officials are planning significant infrastructure upgrades under the Access 2050 Regional Transportation Plan. Lyft and Motional are working towards launching a fully driverless robotaxi service, while the Boring Company works on an underground public transportation system with more than 55 planned stops.

“My executive budget not only lowers the tax burden on working families and businesses, but it also reserves more than $1 dollar in savings for every new dollar in general fund spending... In that same spirit, my budget lowers the modified business tax rate by 15 percent to 1.17 percent.”
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 Economic Development
lasvegasnevada.gov/Business/Economic-Development

Las Vegas Global Economic Alliance
lvgea.org

HIGHLIGHTED PROGRAM OR INITIATIVE

The UNLV Office of Economic Development and Zero Labs, a business accelerator in Nevada specializing in gaming and entertainment, announced Innovation Launchpad. The annual three-day event offers a comprehensive curriculum to quickly validate entrepreneurial ideas and help turn winning ones into market-ready solution.

BIG DEALS

  • Arvato Supply Chain Solutions cut the ribbon on its logistics hub in North Las Vegas in February 2023.
  • Canadian company Spector & Co. celebrated the grand opening of its first U.S.-based production operation in North Las Vegas in March 2023.
  • Aircraft software company CAE opened a training center in Clark County across from the Harry Reid International Airport in April 2023.
  • Clothing and apparel manufacturer Bella+Canvas opened a new state-of-the-art distribution center in North Las Vegas in May 2023.
  • American Battery technology Company announced in October 2023 the start of operations at its commercial-scale lithium ion batter recycling facility in the McCarran.
  • Tract, a developer of master-planned data center parks, announced in October 2023 it acquired 2,200 acres in the Tahoe-Reno Industrial Center.

BIG COMPANIES

  • MGM Resorts International (Fortune 500 headquarters)
  • Las Vegas Sands
  • Amerco
  • Tri Pointe Homes
  • Wynn Resorts
  • Southwest Gas Holdings
  • Boyd Gaming
  • Light & Wonder
  • Playtika Holding
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.