#9 Nevada


#3 in Taxation and Regulation

#22 in Workforce Quality

#21 in Living Environment

Right to Work?

Regional Profile – West

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
California
9
9
9
9
Colorado
3
6
7
2
Idaho
5
2
2
1
Montana
6
5
4
4
Nevada
1
3
6
8
Oregon
8
8
8
7
Utah
4
4
1
3
Washington
7
7
3
5
Wyoming
2
1
5
6

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.”

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No 10: Nevada

No. 10

Nevada

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: None
  • Highest Personal Income Tax Rate: None
Workforce Quality
  • % with High School diploma or more: 83.5
  • % with Bachelor’s degree or more: 21.9
  • % with Advanced degree or more: 7.0
  • Patents per 100K: 30.43
  • % of Employed Represented by Unions: 16.8
Quality of Life
  • Hopsitals per 10K: 0.104
  • Elementary/Secondary Schools per 1000 people: 0.231
  • Violent Crimes per 100K: 700.26
Key Companies
  • Wynn Resorts, Limited
  • Southwest Gas Corporation
  • MGM Resorts
  • Las Vegas Sands
  • NV Energy
Other Highlights
  • Nevada fell from #5 in 2010 to #10 in 2011 — the state took #6 in 2009
  • Nevada ranks 45th in state debt per capita with $1690

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education