Las Vegas Perspective
At the Las Vegas Global Economic Alliance, we help companies see Southern Nevada from a new perspective.
As the region’s designated economic development authority, we unite business, government and community leaders to attract investment, support expansion and advance the industries shaping our future.
For companies considering Southern Nevada, our team provides the insight, access and strategic support to make confident decisions. We offer confidential site-selection guidance, market intelligence, incentive strategy and direct connections to key regional leaders, all at no cost to the company.




Why Companies Choose Southern Nevada
The Site Selectors Guild's State of Site Selection 2026 finds that location decisions now turn on execution. Electric power availability is the single most-cited factor at 79 percent, followed by workforce and labor availability at 50 percent and site-readiness at 46 percent. Incentives rank twelfth of fourteen at 12 percent. Companies are asking whether a project can be powered, staffed and permitted on a fixed timeline, and they eliminate locations that cannot prove it early. Southern Nevada competes on those terms.
Source: Site Selectors Guild and Development Counsellors International, The State of Site Selection 2026.
The Southern Nevada Advantage
Six competitive advantages position the region for continued growth, investment and opportunity.
Growth
One of the Nation's Fastest-Growing Regions
2.4 M+ residents
Clark County has outpaced the national growth rate for five decades and is on track to reach 3 million by the mid-2040s
Global Reach
A Global Destination for Tourism, Sports and Innovation
38 M+ annual visitors
Not only a home to major league sports and world-class events, the region is growing its tech and innovation footprint
Logistics
A Gateway to Major
Western Markets
A day's drive to 40 M+ consumers
Positioned on I-15 within driving distance of major Western metros and bolstered by direct global air access via Harry Reid International Airport
Talent
A Growing and
Diverse Workforce
Fastest-growing state for employment
Population growth plus employer-built training pipelines through Nevada System of Higher Education (NSHE) institutions keep the talent bench deep and adaptable
Tax Climate
A Competitive
Tax Environment
No corporate or personal income tax
One of only a few states with neither, making it a durable cost advantage regardless of the federal policy cycle
Quality of Life
A Vibrant Community
and Quality of Life
Big-city amenities, small-city cost
World-class dining, entertainment and outdoor recreation paired with a lower cost of living than most major Western metros
Source: Photos by Shutterstock.
Snapshot of a Region in Motion
With a population of 2.4 million and an economy generating nearly $196 billion in Gross Domestic Product, Southern Nevada ranks among the top 10 U.S. metros for both population growth and economic output. The region's diversified economic base, competitive cost structure and steady employment growth position it as a magnet for business investment and relocation.
Source: U.S. Census Bureau; U.S. Bureau of Economic Analysis; The Council for Community and Economic Research (C2ER); Las Vegas Convention and Visitors Authority; Nevada Gaming Control Board; U.S. Department of Housing and Urban Development; Las Vegas Perspective; SalesTraq; and Applied Analysis.
Note: Change is year-over-year. 1Gross gaming revenue and tourism figures reflect trailing 12-month totals.
Population Growth and Demographic Momentum
Southern Nevada continues to add residents at a pace that supports long-term economic expansion. A growing, educated population is strengthening the region’s labor force, consumer base and capacity for future investment.
| Jurisdiction | Share of county | Population | Growth |
|---|---|---|---|
| Clark County total | 2,465,431 | +1.8% |
Source: Clark County Comprehensive Planning; U.S. Census Bureau. Note: Change is year-over-year.
More Than Two-Thirds of Residents Represent Racial or Ethnic Minorities
Over Three-Fourths of Newcomers are Employed
Nearly 7 in 10 Newcomers Are Under Age 45
More than 30% of Newcomers Have a Bachelor's Degree or Higher
Source: Las Vegas Perspective; Nevada Department of Motor Vehicles; and Applied Analysis.
A Workforce Built to Scale
The region's employee base has expanded to more than 1.18 million, up 2.9 percent year over year, with a total labor force of roughly 1.2 million workers. Over the past decade, the region has added more than 315,000 residents and 283,000 jobs, and employment is projected to grow another 18.8 percent over the next 20 years, with healthcare and technology among the fastest-expanding sectors.
Nevada also offers employer-facing hiring incentives, including reimbursement programs covering up to $10,000 per new local hire for onboarding and training costs.
Employment Metrics
Source: U.S. Bureau of Labor Statistics.
Average Weekly Wage · Private Sector · Jul '26
LVGEA Target Industries
Southern Nevada's economic development strategy is built around target industries identified through rigorous analysis of regional strengths, growth trends and site-selection criteria. LVGEA's 2025 Target Industry Subsector Analysis highlights the subsectors where the region holds the greatest competitive advantage across near-, mid- and long-term horizons.
These industries drive economic diversification and align with the unique strengths and resources of the Las Vegas Valley.
Las Vegas's Advanced Manufacturing cluster is driven by the development of key industries as well as domestic trends in supply chain resilience. Differentiated from traditional manufacturing industries by the prevalent use of technology to design, produce and implement products, advanced manufacturing represents a significant opportunity for investment in the region. For the purposes of target industry efforts, advanced manufacturing covers a wide range of manufacturing verticals and subsequently shares significant crossover with Health & Life Sciences and Technology.
Creative Industries in Las Vegas have grown from a tourism-based industry into an economic powerhouse, with world-class events and institutions leading to unparalleled capacity for innovation. The cluster combines performing arts, advertising services and sports entertainment to deliver memorable experiences and products both in-person and online. Future growth in the sector will rely on an increased focus on media production and streaming, allowing Las Vegas's robust talent pool to reach global audiences while encouraging investment within the region.
Las Vegas's Business & Financial cluster enables the growth of all industries by providing essential services to regional firms. The cluster covers a vast range of industries involved in supporting the financial, management and legal needs of regional companies. Inclusive of real estate and insurance firms, Las Vegas boasts a large employment base that has experienced consistent growth in recent years. As Las Vegas continues to grow, investments in the region's business and financial strengths can be bolstered by focused efforts on emerging needs such as third-party logistics (3PLs).
Health & Life Sciences represents the research, design and manufacturing of medicines, medical devices, biotechnologies and health services. Cluster growth is dependent on factors such as high-powered educational institutions, specialized skills and facilities, and demand for products by domestic healthcare providers. Las Vegas's cluster strengths are built on medical labs and testing centers, with considerable opportunities for growth in pharmaceutical manufacturing and R&D functions.
Technology features computer and software programming, R&D and the manufacturing of technological products. Experiencing significant growth in Las Vegas, the cluster is a key source of potential investment with near-term opportunities in programming and engineering services. Technology also offers strong cross-cluster opportunities such as FinTech and various electronic computer and equipment manufacturing industries. Future technologies encompass forward-looking fields that do not yet correspond to existing NAICS industry codes, including quantum computing and artificial intelligence (AI).
Education and Talent Pipeline
Southern Nevada is building a stronger talent pipeline at every stage, from a diverse K-12 system with expanding educational choice to a growing network of colleges, universities and workforce training programs. Together, these institutions are preparing students, upskilling workers and developing the specialized talent businesses need to compete and grow.
Learn more — Education at LVGEA →Including UNLV, a Carnegie R1 research university
Enrolled across the region annually
Approved for Nevada’s public colleges and universities for the 2025–27 biennium
Supported by magnet, career and technical education, charter and private-school options
Along with multiple nationally recognized magnet schools
Source: Nevada System of Higher Education (NSHE), 2025.
A Region Building the Future
Southern Nevada is more than its core tourism economy. Backed by a pro-business tax structure, strategic location and a growing skilled workforce, the region is attracting investment in its advanced manufacturing, aerospace and technology industries. As Southern Nevada competes with hubs such as Phoenix, Dallas-Fort Worth and Denver for high-value employers, economic development efforts are focused on making sure that growth translates into good jobs, a stronger tax base and lasting prosperity for the region.
Competitive Tax Environment
Source: 1Chief Executive, 2026 Survey of CEOs. 2Area Development Leading Metro Locations, 2025.
State Tax Incentives
Targeted abatements can reduce startup and expansion costs for qualifying businesses investing in Nevada.
Sales & Use Tax Abatement
Sales & Use Tax reduced to 2% for new businesses and 4.6% for expanding businesses for up to 2 years
Modified Business Tax Abatement
Up to 50% abatement for up to 4 years
Personal Property Tax Abatement
Up to 50% abatement for up to 10 years
Data Center Tax Abatement
Partial Sales & Use and Personal Property Tax abatements
Aviation Parts Tax Abatement
Partial Sales & Use and Personal Property Tax abatements
Abatement Packages
$1 billion and $3.5 billion investment abatements
Business Climate Recognition
Which of the following 11 Western States has the most favorable tax and business climate for new corporate investment?
Source: The Boyd Co., Inc., Location Consultants of Princeton, NJ; and LVGEA.
Note: Poll conducted June 15, 2026–July 1, 2026 among C-level and other senior executives in public and privately-held Western U.S. Fortune 1,000 companies.
LVGEA Assists
From first conversation to final location decision
LVGEA serves as a strategic partner throughout the business location and expansion process. Our team provides confidential market intelligence, site-selection support, incentive guidance, regional connections and continued assistance after the decision is made.
Explore active development projects and LVGEA-supported sites across Southern Nevada through the Community Development Map.
A Strategic Infrastructure Platform for Business Growth
Southern Nevada combines strategic access to major Western markets with efficient freight movement, multimodal transportation options and expanding utility and digital capacity. Together, these assets help businesses reduce costs, reach customers and scale with confidence.
Strategic Western Gateway
#1 among Western distribution hubs
Southern Nevada's location delivers the lowest annual outbound trucking costs among Western distribution hubs, making it an efficient base for serving major Western U.S. markets.
The Lowest Outbound Shipping Cost Among Western Hubs
Southern Nevada ranks first among seven benchmark Western distribution hubs for the lowest estimated annual outbound trucking cost, providing a significant operating advantage for companies serving major Western U.S. markets.
89
A flexible platform for international trade
Foreign Trade Zone No. 89 can help qualifying companies manage duties, improve cash flow and streamline import and export activity from Southern Nevada.
Source: The Boyd Co., Inc., of Princeton, NJ, 2026.
Note: Annual outbound truckload shipping costs are based on standardized 30,000-pound shipments to major Western U.S. markets. California destinations account for approximately 50% of shipments.
Transportation Connectivity
Air, rail and highway access in one connected system
Source: Las Vegas Convention and Visitors Authority; Clark County Department of Aviation; FlightConnections.com; and Nevada Department of Transportation.
Note: Nonstop destination, country and airline counts are sourced from FlightConnections.com (data as of September 2026) and reflect scheduled nonstop service, which may include seasonal or recently announced routes not yet operating.1Reflect trailing 12-month totals.
Infrastructure Capacity
Statewide Investment Strengthening Regional Capacity
Southern Nevada’s growth is supported by infrastructure networks that extend well beyond the region. Public agencies, utilities and private-sector partners are advancing major projects across Nevada to strengthen connectivity, expand system capacity and improve long-term reliability.
Major Infrastructure Investments
Infrastructure Capacity
Major Infrastructure Investments — Full Project List
Utility Investments Supporting Southern Nevada’s Growth
Targeted investments in power, natural gas and water are expanding the capacity and reliability needed to support new development and business investment.
Approximately $227 million in water system contracts are advancing infrastructure within the Apex Industrial Park. The broader water and wastewater system, expected to become available in 2028, will provide the capacity to unlock additional industrial development and business investment in northern Clark County.
The $1.4 billion Las Vegas portion of the project is under construction and on track for completion in 2027. Once finished, the project will expand grid capacity and unlock renewable power for the whole state.

Overton Power District No. 5 is completing a major infrastructure buildout across northeastern Clark County. A new 25-mile transmission line, substations and system upgrades will increase capacity and redundancy to support continued residential, commercial and industrial growth in Mesquite and surrounding communities.
The estimated $2.0 billion to $2.7 billion Horizon Lateral Program will expand Southern Nevada's regional water transmission system, increasing capacity and reliability to support continued growth across the Las Vegas Valley.
Southwest Gas continues expanding and modernizing Southern Nevada's natural gas transmission and distribution system, increasing capacity and reliability to support residential, commercial, and industrial growth across the Las Vegas Valley.

Virgin Valley Water District is advancing new wells, treatment connections, transmission pipelines and water-storage infrastructure. These investments will strengthen system capacity and reliability, helping meet the long-term water needs of residents and businesses in Mesquite, Bunkerville and the surrounding Virgin Valley.
Source: Third-party media and Applied Analysis.
Space to operate. Capacity to grow.
Southern Nevada's commercial real estate market is shifting to a more measured pace following several years of strong demand and development activity, while continuing to provide opportunities for business expansion and investment.
Commercial Market
Industrial
Las Vegas's industrial market has cooled in recent years, a result of the strong absorption and new inventory from 2022 to 2024. At the end of the second quarter of 2026, the market saw overall vacancy reach 9.0 percent while the average asking rate hit $1.03.
Office
Las Vegas's office market proved steady as of late, with vacancy remaining stable from the prior year. Net absorption has also remained generally flat from 2024 to present due to a lack of new product.
Source: CBRE, Q2 2026. Note: Industrial and flex buildings exclude data centers; office buildings include those 10,000 square feet or larger and exclude owner-user/single-tenant and government-owned properties. Historical data may reflect changes in methodology. Asking rents are expressed on a per-square-foot, per-month basis.
Competitive Market Comparison
| Market | Average Asking Rate | Vacancy | Inventory |
|---|---|---|---|
| San Francisco, CA (Peninsula) | $1.99 /SF | 5.6% | 35.1 M SF |
| Miami, FL | $1.44 /SF | 7.1% | 238.1 M SF |
| San Diego, CA | $1.40 /SF | 6.5% | 188.4 M SF |
| Greater LA Area, CA | $1.19 /SF | 5.0% | 871.7 M SF |
| Austin, TX | $1.15 /SF | 19.4% | 107.9 M SF |
| Seattle, WA (Puget Sound) | $1.15 /SF | 11.7% | 311.3 M SF |
| Phoenix, AZ | $1.09 /SF | 9.6% | 445.5 M SF |
| Las Vegas, NV | $1.03 /SF | 9.0% | 183.6 M SF |
| Orlando, FL | $0.86 /SF | 10.2% | 154.2 M SF |
| Nashville, TN | $0.85 /SF | 4.8% | 235.5 M SF |
| Denver, CO | $0.83 /SF | 8.3% | 263.3 M SF |
| Salt Lake City, UT | $0.82 /SF | 7.2% | 170.9 M SF |
| Reno, NV | $0.80 /SF | 9.8% | 118.2 M SF |
| Market | Average Asking Rate | Vacancy | Inventory |
|---|---|---|---|
| San Francisco, CA (Bay Area) | $6.08 /SF | 29.2% | 90.1 M SF |
| Miami, FL | $5.72 /SF | 14.9% | 25.4 M SF |
| Nashville, TN | $4.85 /SF | 17.5% | 48.6 M SF |
| Austin, TX | $4.21 /SF | 23.4% | 65.9 M SF |
| Greater LA Area, CA | $4.12 /SF | 25.8% | 218.3 M SF |
| Seattle, WA (Puget Sound) | $3.90 /SF | 28.2% | 124.4 M SF |
| San Diego, CA | $3.49 /SF | 14.3% | 63.4 M SF |
| Denver, CO | $2.84 /SF | 28.7% | 114.9 M SF |
| Phoenix, AZ | $2.69 /SF | 19.1% | 101.6 M SF |
| Las Vegas, NV | $2.57 /SF | 12.1% | 40.5 M SF |
| Orlando, FL | $2.36 /SF | 16.8% | 38.4 M SF |
| Reno, NV | $2.32 /SF | 9.5% | 6.0 M SF |
| Salt Lake City, UT | $2.23 /SF | 22.6% | 52.5 M SF |
Source: CBRE, Q2 2026. Note: Industrial and flex buildings exclude data centers; office buildings include those 10,000 square feet or larger and exclude owner-user/single-tenant and government-owned properties. Historical data may reflect changes in methodology. Asking rents are expressed on a per-square-foot, per-month basis.
Development Pipeline
Investment shaping Southern Nevada’s next phase of growth. Explore major tourism, non-tourism and transportation projects planned or underway across the region.
Source: Las Vegas Convention and Visitors Authority; Third-party Media; and Applied Analysis.
Industrial Park
Large-scale capacity for industrial expansion
APEX Industrial Park is positioned to accommodate the region's next generation of manufacturing, logistics and infrastructure-intensive users.
Source: Las Vegas Convention and Visitors Authority; Third-party media; and Applied Analysis.
Development Pipeline — Full Project List
Development Pipeline — Full Project List (continued)
Residential Housing Market
A housing market recalibrating on affordability. Southern Nevada's housing market cooled in 2025 as higher borrowing costs reduced buyer activity and slowed both new and existing home sales. Existing home prices leveled off, while new home prices remained steady. The shift reflects a more balanced market, though affordability remains a challenge as prices sit well above pre-pandemic levels.
Resale Market
New Construction
Source: SalesTraq, 2025.
2025 Housing Cost Comparison
| Market | Median Home Value | Median Gross Rent |
|---|---|---|
| San Francisco, CA | $1,132,900 | $2,435 |
| San Diego, CA | $914,700 | $2,336 |
| Los Angeles, CA | $908,500 | $2,114 |
| Seattle, WA | $743,000 | $2,050 |
| Denver, CO | $631,000 | $1,943 |
| Salt Lake City, UT | $575,200 | $1,659 |
| Reno, NV | $535,700 | $1,680 |
| Miami, FL | $510,600 | $2,083 |
| Austin, TX | $482,800 | $1,784 |
| Phoenix, AZ | $470,600 | $1,819 |
| Las Vegas, NV | $451,000 | $1,739 |
| Nashville, TN | $449,300 | $1,627 |
| Orlando, FL | $409,400 | $1,877 |
| New Orleans, LA | $267,900 | $1,262 |
Source: U.S. Census Bureau, ACS 1-Year 2024 Estimates.
2025 Homeowner & Renter Profile
A Region Built on Housing Choice
Southern Nevada’s homeowners and renters differ notably in age, income and housing type. Homeowners are more likely to live in single-family homes and have higher household incomes, while renters tend to be younger, live in apartments or condominiums and earn less. As the region continues to grow, a broad range of housing options and price points will be essential to support workers, attract employers and maintain economic competitiveness.
Source: Las Vegas Perspective.
A Global Destination for Business and Entertainment
Southern Nevada welcomes more than 38 million visitors each year, supported by a concentration of resorts, entertainment venues, convention facilities and professional sports. The region offers more than 150,000 hotel rooms and 14.5 million square feet of meeting and convention space, providing the capacity to host events of nearly every scale.
Tourism & Events
Largest hotel room inventory in the U.S. and second-largest worldwide
A global capital for meetings and conventions
Explore visitor volume, convention attendance, hotel occupancy and other tourism indicators through LVCVA Research.
Learn more — LVCVA →Source: LVCVA. Note: Annual visitor volume, LAS airport passengers and annual convention attendance reflect trailing 12-month totals.
Signature Events
Where the World’s Biggest Events Take Center Stage
Las Vegas brings together the venues, hospitality infrastructure and global connectivity required to host major events at nearly every scale. From international sporting events and industry-defining conventions to music festivals and championship competitions, the region maintains a year-round calendar that attracts visitors, businesses and audiences from around the world.
Sports
- Formula 1 Las Vegas Grand Prix
- National Finals Rodeo
- NASCAR
- UFC International Fight Week
- NBA Summer League
Industry
- Consumer Electronics Show (CES)
- Specialty Equipment Market Association (SEMA) Show
- World of Concrete
- National Association of Broadcasters (NAB) Show
Culture
- Electric Daisy Carnival
- iHeartRadio Music Festival
- When We Were Young
From Expansion Market to Major League Destination
In less than a decade, Southern Nevada has built a diverse professional sports ecosystem including football, hockey, basketball, baseball, soccer and lacrosse. Announced additions will further expand the region’s national sports profile.
Major League Franchises
Professional and Development Teams
Future Additions
A Region Designed for Everyday Life
Southern Nevada combines growing communities with extensive parkland, connected trails and access to protected open space. These everyday amenities create opportunities for residents to connect, stay active and enjoy life beyond the workplace.
Cost of Living
| Metro Area | Cost of Living Index (100 = US Avg) |
|---|---|
| Orlando, FL | 91.0 |
| Nashville, TN | 94.2 |
| Las Vegas, NV | 97.0 |
| Austin, TX | 97.0 |
| Salt Lake City, UT | 103.7 |
| Phoenix, AZ | 103.8 |
| Reno, NV | 104.5 |
| Denver, CO | 109.1 |
| New Orleans, LA | 115.0 |
| Miami, FL | 122.0 |
| San Diego, CA | 145.9 |
| Seattle, WA | 146.8 |
| Los Angeles, CA | 152.1 |
| San Francisco, CA | 165.6 |
Source: Trust for Public Land, ParkServe® Urban Level Report: Las Vegas–Henderson–Paradise, NV, 2026; The Council for Community and Economic Research (C2ER), Q1 2026.
Note: Statistics are reported for the Census-designated Las Vegas–Henderson–Paradise Urban Area. Park access is based on the percentage of residents living within a 10-minute (½-mile) walk of a publicly accessible park using the walkable street network.
Outdoor Adventure Starts Minutes from Home
Southern Nevada offers convenient access to an exceptional range of outdoor experiences, from desert trails and alpine landscapes to state parks and national recreation areas. Many of the region’s most distinctive destinations are less than an hour from the Las Vegas Strip
National Conservation Area — a scenic loop drive, sandstone and world-class rock climbing
Part of Spring Mountains — alpine trails, cooler summer temperatures, skiing and winter recreation
Nevada's oldest state park — brilliant red Aztec sandstone and ancient petroglyphs
National Recreation Area — the largest U.S. reservoir, with boating and water sports
Source: U.S. Bureau of Land Management – Red Rock Canyon National Conservation Area; U.S. Forest Service – Spring Mountains National Recreation Area; National Weather Service – Mount Charleston Weather Brochure; Nevada State Parks – Valley of Fire State Park; National Park Service – Lake Mead National Recreation Area; Photos by Shutterstock.
The Partners Behind Perspective
Let’s start a conversation.
LVGEA works directly with companies, site selectors and corporate real estate professionals exploring growth opportunities in Southern Nevada. From early market evaluation through project development, our team provides confidential guidance, regional insight and strategic support tailored to your needs.




