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ChiefExecutive.net

#9 Nevada

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#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

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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

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© 2019 | ChiefExecutive.net | Chief Executive Group

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