#9 Nevada
#3 in Taxation and Regulation
#22 in Workforce Quality
#21 in Living Environment
Right to Work? ✓
Regional Profile – West
| California | ||||
| Colorado | ||||
| Idaho | ||||
| Montana | ||||
| Nevada | ||||
| Oregon | ||||
| Utah | ||||
| Washington | ||||
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Key Industries
Aerospace & Defense, Agriculture, Drones, Energy, Healthcare, I.T., Logistics, Mining, Tourism
Key Companies
Ceasars Entertainment
Las Vegas Sands
MGM Resorts
NV Energy
Southwest Gas
Tesla
Wynn Resorts
Advantages
Nevada’s economy is showing signs of bouncing back, including a reduced unemployment rate, increased jobs and personal income, and growth in the number of small businesses.
Challenges
Nevada imposes gross receipts taxes instead of corporate income taxes. Gross receipts taxes are thought to be more economically harmful than corporate income taxes, according to the Tax Foundation.
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/
CEO Comments
“[Nevada] is very aggressive in bringing new business to the state.”
“Washington, Nevada and Montana claim to be business friendly, but they have high taxes, T & E costs, and laws favoring organized labor.”
“Nevada has a great balance of government involvement and the private sector. The living environment is excellent with excellent housing affordability. Workforce quality and availability is good up to the management level. A downside to Nevada is that it does not offer much in the way of a market to sell products in.”
Current Developments
2015 REGIONAL REPORT: The West
July 29, 2015
Nevada Gov. Sandoval Finds Himself in Political Hotseat as Problems in the State Build
March 4, 2016
“Gigafactory” Ripples: Nevada’s Biggest Coup or Biggest Mistake?
March 3, 2015