Doing Business Here

Top State to Do Business With in the Western U.S.

Source: Chief Executive Magazine, Best & Worst States for Business (2017)

Rankings

#2

Fastest Growing County by Population

Business Facilities (2018)

#1

Best Job Creation Index in the United States

Gallup (2017)

#5

Overall State Business Tax Climate

Tax Foundation (2018)

 

#1

Best States for Transportation

U.S. News & World Report (2018)

Located in the top state to do business within the Western U.S., Greater Vegas is home to 2.2 million people, 980,000 workers and 56,000 employer business. The region routinely ranks at or near the nation’s highest in growth and investment and is currently experiencing population growth at three times the national average. While tourism remains the region’s largest industry, it is far from its only industry. Over 10,000 businesses and more than 180,000 jobs have been created in Clark County since 2011.

Industry Sectors

The Las Vegas Global Economic Alliance focuses on targeting industries that provide the most growth potential and help diversify the economy of Southern Nevada. Economic diversification enhances regional competitiveness in the global economy, while also helping attract and retain a talent pool that will further develop the region.

As a tourism capital of the world, one of Southern Nevada’s top-performing industries over time has been gaming, tourism, and conventions. With such high employment levels and strong performance relative to that of the U.S., there is no doubt that the industry and its supporting activities should continue to drive economic growth in the region for years to come. Read more →

The region’s position as a leading convention and trade show destination brings global businesses from a wide array of industries to Southern Nevada on a regular basis, and the region remains poised to leverage this opportunity to attract global capital across a variety of finance-related activities including banking and insurance. Read more →

Although a regional focus on “business headquarters and services” is often only an extension of business recruitment efforts directed toward other industries, establishing this industry as a direct target for economic development reflects the strength of regional assets that can be leveraged toward the recruitment of business headquarters – regional headquarters or operations, U.S. locations for international companies, and corporate headquarters – as well as the professional, technical, administrative and support services that serve as core inputs into business headquarters or operations and support service firms. Read more →

Unique opportunities exist in Southern Nevada to go beyond a more traditional supporting role in health care and pursue a more focused economic development strategy around health care services and medical education. These services are supported by a mix of assets and data-based trends, ranging from retirees choosing the region due to lower cost of living compared to nearby states, available amenities in areas like Laughlin and Mesquite, and large-scale age-restricted planned communities in and around Las Vegas. Read more →

The Southern Nevada landscape for manufacturing is one marked by the strong tandem of the region’s strategic geographic location and existing assets, including opportunities associated with leveraging development-ready land, industrial capabilities, regional connectivity, and the state’s business-friendly tax climate. Read more →

Southern Nevada is well positioned to leverage existing, foundational infrastructure, and regional assets to accommodate additional growth as a western U.S. hub for technology, extending into sectors powering other high-growth categories such as autonomous systems, gaming, computer programming, and more. Read more →

A Globally Connected Business Location

Las Vegas is one of the world’s most famous tourist destinations. Because of this, Las Vegas is one of the most globally connected cities in the United States.

Infrastructure

1st in the Nation for Solar Energy Capacity

Las Vegas Recycles 99% of its Indoor Water Supply

Within a Five-hour Drive of 9% of the U.S. Population

7,453 Miles of Fiber Optic Cable in the Region

Operating Cost

Location Comparisons

Nevada’s Tax Structure

The Southern Nevada Business Advantage

The low-tax climate in Southern Nevada is one of the most-cited reasons to do business in Nevada. Companies doing business in Nevada can save millions of dollars by having a long-term presence in the state.

The LVGEA maintains an operating cost comparison database and can tell you how operating costs for your business or businesses in a similar industry compare to other U.S. metropolitan regions. Contact our team to run a free operating cost comparison.

 

Nevada has...

NO personal income tax

NO franchise tax

NO unitary tax

NO inventory tax

NO inheritance tax

NO estate tax

Major Industrial Parks

Southern Nevada’s real estate market includes dozens of premier office and industrial sites. The LVGEA and your local real estate partner can help find the right site for you. The map on the left offers a broad overview of the jurisdictions in the marketplace and some of the region’s largest office and industrial parks.