Gaming Tourism & Conventions
Las Vegas is the birthplace of the United States’ gaming industry and continues to lead both the tourism and convention industries. Major gaming corporations like MGM Resorts International, Caesars Entertainment, Wynn Resorts Limited, Las Vegas Sands, and Scientific Games are headquartered in Las Vegas. These companies cater to the 41 million tourists who visit the region every year. Las Vegas has also been the No. 1 domestic convention location for two decades.
But the gaming, tourism, and convention cluster is far more complex than what you see in advertisements. Las Vegas is home to hundreds of non-gaming companies that serve the Las Vegas Strip, including gaming technology, aviation, and convention services companies.
Regional Average Wages
Gaming Device & All Other Miscellaneous Manufacturing $97,687
Motion Picture and Video Production $32,522
Convention & Trade Show Organizers $48,180
Theater Companies $48,896
Casino Hotels $38,775
McCarran International Airport (LAS)
McCarran International Airport (LAS) is ranked the 7th busiest airport in North America. In 2014, passenger totals reached nearly 43 million. In June of 2012, the newly completed $2.4 billion Terminal 3 opened. McCarran will now be able to handle 53 million passengers a year without additional work on runways or terminals. www.mccarran.com
The Las Vegas Convention and Visitors Authority (LVCVA) is the official destination marketing organization of Las Vegas, the LVCVA promotes tourism, conventions, meetings and special events – as well as ongoing advocacy to extend the city’s influence as a leader in tourism and hospitality. To drive the tourism engine that powers the Southern Nevada economy, the LVCVA is charged with and committed to building and protecting the Las Vegas brand among its diverse audiences of current and potential visitors. With more than 150,000 hotel rooms in Las Vegas alone and nearly 11 million square feet of meeting space citywide, the LVCVA’s mission focuses on attracting ever-increasing numbers of leisure and business visitors to the area. www.LVCVA.com
Harrah College of Hospitality
The University of Nevada Las Vegas (UNLV) William F. Harrah College of Hospitality is consistently ranked as one of the country’s top 2 college hospitality programs. With more than 150,000 hotel rooms, Las Vegas is the ideal living laboratory for the study of hospitality. More than 130 local hospitality industry executives mentor UNLV students each semester. www.unlv.edu/hospitality
MGM Resorts International is Nevada’s largest employer with more than 56,000 employees. MGM Resorts is ranked by Fortune as the 287th largest firm in the United States. With about $9.8 billion in revenues in 2013, MGM Resorts is one of the leading hospitality companies in the world. MGM Resorts boasts 21 resorts worldwide, with 13 in Southern Nevada. MGM Resorts is a staple in the Las Vegas community and it is truly one of the many success stories that are made possible in Southern Nevada. www.mgmresorts.com
Caesars Entertainment is the second largest property owner on the Las Vegas Strip and the fourth largest gaming company in the world. Founded by legendary gaming pioneer William F. Harrah, the corporation was the first gaming company to be listed on the New York Stock Exchange. Today, Caesars operates more than 50 properties around the world, including Caesars Palace, Planet Hollywood Casino and Resort, the Paris Las Vegas and the Linq entertainment complex, which contains the world’s largest observation wheel, the High Roller at the Linq.
Founded by integrated resort pioneer Steve Wynn, Wynn Resorts is the third largest private employer in Nevada. With over 11,000 employees at its Wynn and Encore properties and annual revenue of $5.6B, Wynn Resorts is an important part of the gaming industry in Nevada and worldwide.
One of the most successful gaming corporations in history, the Las Vegas Sands Corporation employs more than 9,000 people in its two properties in Las Vegas. Led by gaming mogul Sheldon Adelson, Las Vegas Sands has annual revenue of $14.5B and was ranked as the 209th largest corporation in the US by Fortune in 2014.
Station Casinos is one of the premiere operators in the “local” integrated resort industry in Las Vegas. Founded in 1976 by Frank Fertitta, Jr., Station Casinos now owns and operates nine major resort properties and eight smaller gaming and entertainment properties in the Las Vegas valley. The company employs thousands of people in Southern Nevada and is now run by Frank Fertitta III. Fertitta also owns Zuffa, LLC, the entity that runs the world renown Ultimate Fighting Championship.
In 1941, Boyd Gaming founder Sam Boyd arrived in Las Vegas with his family and started working as a dealer. After years of working his way up in the industry, Boyd saved enough money to buy a small interest in the Sahara Hotel and Casino. Today, Boyd Gaming is one of the largest employers in Nevada, with over $2.16B in annual revenue and nine major properties across the valley.
Scientific Games, headquartered in Las Vegas, is a leading innovator in the global lottery and regulated gaming industries. Beginning with the breakthrough technology that launched the world’s very first secure instant lottery game in 1974, the company has continued to advance the games, technology, programs, marketing research and security that have been a driving force behind the success of more than 300 customers on six continents over the last 40 years. In 2015, after acquiring Bally Technologies and WMS Systems, Scientific Games relocated its corporate headquarters to Nevada.
Konami, the Japanese developer and publisher of numerous video games, gaming platforms, toys, and trading cards, is undergoing a major expansion in Southern Nevada. Construction has begun on Konami Gaming’s North American Headquarters, which will more than double the footprint of the current facility to 316,000 square feet. When completed, the expanded operation will oversee development, sales, manufacturing, and service operations in North America and Europe.
Slot machine maker IGT and global lottery business GTECH, recently merged to create the world’s largest end-to-end gaming company. Headquartered in London, UK with a large presence in Las Vegas, NV, IGT offers gaming technologies on a variety of platforms. The company was founded in 1975 by Las Vegas gaming innovator Si Redd, and pioneered industry standards like video poker and wide-area progressive jackpots.
Australian gaming manufacturer Ainsworth Game Technology recently broke ground on its 290,000 square foot North American Headquarters in Las Vegas. The all new facility will be located in what has been recently termed the “Gaming Manufacturers Corridor,” where five of the largest gaming technology companies in the world have manufacturing and distribution operations.
Las Vegas is a focus city for Southwest Airlines, one of the four largest carriers in America. In 2014, Southwest Airlines carried just shy of 40% of all passengers arriving and departing from McCarran International Airport. The company currently employs more than 3,000 people in Las Vegas.
Las Vegas-based Allegiant Travel owns Allegiant Air, a low-cost airline that specializes in connecting smaller markets to destinations all over the United States. With 1,800 employees and a $3B market cap, Allegiant is quickly becoming a player in the competitive passenger air market.
Founded in 1965, Papillon is the largest aerial sightseeing company in the world. With a fleet of 48 helicopters and fixed-wing aircraft and over 600 employees, Papillon shuttles more than 600,000 passengers a year over the Grand Canyon, Hoover Dam, and Las Vegas Strip.
Founded in 1939, Global Experience Specialists (GES) is one of the largest convention services companies in the world. Headquartered in Las Vegas, GES employs thousands of direct employees and contractors and services many of the largest conventions in Las Vegas.
Based in Dallas with a large operating center in Las Vegas, Freeman is the premier convention services company in North America. Annually, Freeman produces more than 4,300 expositions and over 11,000 corporate and social events.
Czarnowski is a full-service exhibit and event marketing firm that produces many of the high tech convention displays for Las Vegas conventioneers. Based in Chicago, the company was formed in 1947 and has a significant presence in Las Vegas.
Finance, Banking, & Insurance
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.
Southern Nevada has a diverse, abundant, and customer service oriented workforce that makes it a destination for the back office operations of financial service firms and business services firms. Southern Nevada has also developed a unique expertise in the financial services industry, with many high-value firms specializing in financial services related to the global gaming and tourism industry. Industrial loan companies like Toyota Financial Savings Bank and USAA Savings Bank take advantage of Southern Nevada’s unique regulatory environment, and more than 10% of all industrial loan companies in the United States are headquartered in Southern Nevada.
As a global leader in gaming, Southern Nevada has well-developed workforce competencies in accounting and finance. In addition to gaming, the number and size of other hospitality-related businesses have led post-secondary institutions in the region to develop high-quality programs in accounting, finance, legal, and other professional occupations. Moreover, the visibility of opportunities in these occupations has attracted many students to these fields and generated a large, steady pipeline of talent that can help new finance and insurance businesses grow rapidly.
Regional Average Wages
Commercial Banking $54,370
Credit Unions $46,492
Credit Card Issuing $64,221
Financial Transaction Processing & Clearinghouse Activities $57,567
Securities Brokerage $143,980
Industrial loan companies, also known as industrial banks, are financial services firms owned by companies engaged in commercial activities that are not necessarily financial activities. Nevada is one of only two states with a significant presence in the industrial banking industry. Though these companies are not often known to the consumer, they play a pivotal role in the operation of some of America’s largest companies. To learn more about Industrial Loan Companies, click over to this Milken Institute report.
Nevada is one of only two states that actively charters Industrial Loan Companies (ILCs). ILCs offer commercial firms an opportunity to establish a direct financing mechanism to help facilitate product sales and bridge the regulatory divide separating banking and commercial activity. Nevada currently has four industrial banks, including USAA Savings Bank, Beal Bank USA, Toyota Financial Savings Bank and Eaglemark Savings Bank (owned by Harley-Davidson). Federal approvals for new ILCs have frozen since the Federal Deposit Insurance Company (FDIC) became increasingly concerned about the FDIC’s limited ability to supervise an ILC’s parent company. However, the emerging regulatory environment of the Trump Administration is expected to reduce regulations and return to a more streamlined review and approval process, making ILCs a prime target for developing new business activity in the coming years, with a tremendous downstream economic impact.
Southern Nevada is home to some of the most innovative and profitable financial services firms in America, including Fidelity National Financial, a Fortune 500 company and a leading provider of title insurance, technology, and transition services to the real estate and mortgage industries, that relocated its headquarters from Jacksonville to Las Vegas in 2015.
Fidelity National Financial is the United States’ largest provider of commercial and residential mortgage and diversified services. FNF generates approximately seven billion in annual revenue from their title and real estate related operations. Fidelity National Financial, Inc. is currently ranked number 316 on Fortune’s list of America’s Largest Companies.
Provident Trust Group is a self-directed administrator and passive custodian that has maintained steady growth since their establishment in 2008 while serving more than 29,000 clients and holding over $4.5 Billion assets under custody. They specialize in account administration, asset custody, qualified retirement account establishment including IRAs and Solo 401(k) accounts, Corporate Trust services, and escrow services.
Union Gaming Group is a boutique investment bank and advisory firm focused exclusively on the global gaming industry, which they define as the $400 billion-plus market to include land-based casinos, lottery, online, and pari-mutuel wagering.
3PEA International is an experienced and trusted prepaid debit card payment solutions provider as well as an integrated payment processor that has millions of prepaid debit cards in its portfolio.
Cascade Financial Technology Corporation provides prepaid financial solutions. They also provide consulting services and financial technology platform services.
Business Headquarters and Services
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.
Easy, convenient, and low-cost access to a variety of transportation options is a critical component for companies looking to establish a presence in a new area, including but not limited to: access to raw materials, supply chain products, vendor or client connectivity, trade route connectivity, and workforce access to key markets. In Southern Nevada, the region’s air connectivity is one of the most visible and differentiated assets within the multi-modal connection mix, helping facilitate easy access in and out of the region. The region saw 5.9 million international visitors and 42.3 million total visitors in 2015,2 and McCarran International Airport supports more than 30 airlines providing nonstop service to more than 145 destinations. Additionally, I-15 and the development of I-11 provide direct connectivity to major markets in the region.
Destination Health Care and Medical Services
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.
Southern Nevada has made growing its healthcare industry a top priority. From energizing medical and wellness tourism efforts to building new medical schools, the region is laying the groundwork for a robust regional healthcare and life sciences cluster. In recent years, Southern Nevada has seen a large expansion of its pharmaceutical manufacturing and pharmacy benefits management and distribution sector.
Regional Average Wages
Pharmaceutical Preparation Manufacturing $46,849
Offices of Physicians (except Mental Health Specialists) $81,646
HMO Medical Centers $85,948
Medical Laboratories $54,657
General Medical & Surgical Hospitals $73,852
Touro University Nevada was established to help address critical personnel needs in health sciences and education and as a resource for community service in the state of Nevada. Touro is Nevada’s largest medical school and offers a wide range of advanced degree programs to its 1400 students, including the only Master’s programs in Physician Assistant Studies and Occupational Therapy.
Formed in 1999, Roseman University of Health Sciences is the brainchild of founders, and spouses, Dr. Harry Rosenberg and Dr. Rene Coffman. Through entrepreneurialism and innovation, Drs. Rosenberg and Coffman grew the private, non-profit institution to over 1000 students.
The University of Nevada Las Vegas is creating a world-class center for education, patient care, and research that prepares Nevada’s doctors with the most innovative and technologically advanced forms of medical training. The medical school will generate a local economic impact of more than $1 billion annually and create 8,000 jobs by 2030. UNLV is also known for it’s top-ranked School of Nursing programs, School of Dentistry and School of Community Health Sciences.
Founded in 2002, Las Vegas HEALS (Health, Education, Advocacy, and Leadership in Southern Nevada) is a nonprofit, membership-based association whose mission is to foster strategic alliances in the healthcare community, collaborating on workforce issues, and being a proactive force for legislative initiatives to improve access and the delivery of quality healthcare. Las Vegas HEALS employers collectively employ 24,000 healthcare professionals.
The College of Southern Nevada’s health sciences programs contribute thousands of graduates to Southern Nevada’s health care workforce, and Nevada State College provides several nursing degree programs. The University of Nevada Las Vegas’ health sciences programs also provide pre-professional fast-track degrees in various fields.
Nevada State College (NSC), Nevada’s newest institution of higher education, has made the training of Southern Nevada’s health care workforce one of its top priorities. NSC offers full-time and part-time tracks in its nursing program, and more than 25 other degree programs including biology, psychology, and speech pathology.
The Nevada Institute of Personalized Medicine (NIPM) at the University of Nevada, Las Vegas is working to improve individual and systemic health care through translational clinical scientific research, education and workforce training, commercialization of technologies, and job creation. Led by Dr. Martin Schiller, NIPM partners with health care providers, like the Cleveland Clinic Lou Ruvo Center for Brain Health, and technology companies, like Switch and Intel, to develop new therapies, improve outcomes, and reduce costs for health care providers.
The Oquendo Center is a facility designed by medical professionals to share, communicate, teach and learn. It is truly a unique venue, encompassing more than 66,000 square feet of state-of-the-art laboratory, educational, and meeting space devoted to practical, clinical and knowledge-based learning for the medical profession, as well as an open canvas for any meeting or event. The Oquendo Center is not only unique to Las Vegas, but is also one of the only facilities of its kind in the country, offering a variety of learning environments, catering services and turn-key solutions for medical event planners.
As the community’s only not-for-profit, faith-based hospital system, the Dignity Health St. Rose Dominican Hospital System is guided by the vision and core values of the Adrian Dominican Sisters. Today, three Dignity Health St. Rose hospitals serve the region. In 2011, St. Rose entered into a partnership with Stanford Hospital and Clinics, one of the country’s most respected medical institutions. The joint venture combines the high levels of quality and community trust already established at St. Rose, with the world-renowned expertise of Stanford’s neurosurgery and cardiovascular surgery.
The Valley Health System, a subsidiary of Universal Health Services, is a network of five hospitals in Southern Nevada, including Centennial Hills Hospital, Desert Springs Hospital, Spring Valley Hospital, Summerlin Hospital, and Valley Hospital. The Valley Health System offers comprehensive range of healthcare services including cardiovascular, maternity and women’s health, neurosciences, emergency and surgical care, along with specialty programs in stroke, chest pain, heart failure, pediatrics, diabetes, wound care, bariatrics and acute rehabilitation. Working with Touro University Nevada, the Valley Health System also works to train the next generation of Nevada doctors through its Graduate Medical Education programs.
Celebrating more than 50 years in Southern Nevada, the Sunrise Health System is a network of four hospitals in Southern Nevada: Sunrise Hospital and Medical Center, Sunrise Children’s Hospital, Southern Hills Hospital and Mountain View Hospital. In 2014, The Joint Commission recognized Sunrise Hospital as a Top Performer on Key Quality Measures® for achieving excellence in performance on its accountability measures during 2013 for heart attack, heart failure, pneumonia and surgical care.
The University Medical Center has been serving the health care needs of Southern Nevada since 1931. The only publicly owned hospital in Southern Nevada, UMC is affiliated with the University of Nevada School of Medicine and serves as the state’s major clinical campus. Through its affiliation with the School of Medicine, residency programs in internal medicine, obstetrics and gynecology, family practice, general surgery and pediatrics are offered at UMC. UMC is the only Level 1 Trauma Care Center in Nevada, as well as the only designated Pediatric Trauma Care Center in Nevada.
Since 1972, the VA Southern Nevada Healthcare System (VASNHS) has been improving the health of the men and women who have so proudly served our nation. VASNHS provides health care services to more than 45,000 patients yearly, exceeding 450,000 outpatient visits per year. The crown jewel of the system is the new VA Medical Center in North Las Vegas, a 90-bed inpatient facility with state-of-the-art medical and diagnostic services. Other services provided by VASNHS include a 20-bed inpatient psychiatric treatment ward at the VA Medical Center that opened on April 15, 2013.
North Vista Hospital is a 177-bed, state-of-the-art hospital located near Downtown North Las Vegas. North Vista offers comprehensive healthcare services, including emergency care, heart care, advanced surgical procedures, diagnostic imaging and help for a broad range of medical conditions.
Mesa View Regional Hospital serves Mesquite and the surrounding communities in northeastern Clark County. A 25-bed comprehensive facility, Mesa View Hospital is accredited by the Joint Commission.
A critical access hospital, Boulder City Hospital was founded during the construction of the Hoover Dam. Today, Boulder City Hospital provides compassionate, effective, and efficient hospital and out-patient services to Boulder City and the surrounding rural communities.
America’s largest health insurance company, United Health Group has a large presence in Southern Nevada, employing more than 3,680 Southern Nevadans in its Health Plan of Nevada, Southwest Medical Associates, Senior Dimensions, and Sierra Health and Life, and other business lines. United Health Group entered the market in 2008 after acquiring Sierra Health Services, and maintains a large corporate presence in the state.
For more than 25 years, Anthem Blue Cross Blue Shield has been serving Nevadans with an emphasis of improving the lives of the people and communities they serve. Currently insuring more than 250,000 lives, Anthem Blue Cross Blue Shield is one of the largest insurance providers in Nevada.
Las Vegas is the among the world’s most recognizable tourist destinations. Its infrastructure of inbound flights, hotel rooms, award-winning restaurants, world-class shopping and nonstop entertainment positions the region well to become a leader in the emerging “Medical and Health Tourism” industry. Las Vegas’ leading medical and wellness destinations provide locals and visitors alike access to high quality medical and wellness care in a variety of specialties including oncology, neurology, cardiology, fertility, and bariatric surgery.
Comprehensive Cancer Centers of Nevada (CCCN) an award-winning multidisciplinary oncology group comprising medical oncology, hematology, radiation oncology and breast surgery, with 10 treatment centers and offices throughout Southern Nevada. CCCN is the state’s only cancer treatment facility to be affiliated with UCLA’s Jonsson Comprehensive Cancer Center, one of the field’s most respected authorities in cancer research and treatment, and The US Oncology Network, one of the nation’s largest networks of community-based oncology practices. CCCN conducts more than 170 Phase I, Phase II and Phase III clinical research trials each year, and has helped develop 48 FDA approved cancer therapies.
Las Vegas hosts the Cleveland Clinic’s Lou Ruvo Center for Brain Health, which is a medical center dedicated to the pursuit of more effective treatments for brain diseases and to the provision of state-of-the-art care for patients affected by these diseases and their families. The center is a part of Cleveland Clinic, which is ranked among the nation’s leading hospitals.
In 2011, Dignity Health St. Rose Hospitals entered into a partnership with Stanford Hospital and Clinics, one of the country’s most respected medical institutions. The joint venture combines the high levels of quality and community trust already established at St. Rose, with the world-renowned expertise of Stanford’s neurosurgery and cardiovascular surgery and attracts patients from all over the world.
Blossom Bariatrics has earned a reputation of providing high-quality bariatric weight loss services at a fraction of the price of its competitors. Marketing itself in tandem with the destination of Las Vegas, Blossom Bariatrics is one of the foremost service providers in the medical tourism space regionally.
Founded by Dr. Geoffery Sher in Las Vegas, Sher Fertility is one of the largest networks of fertility services in the United States. Now with locations in nine states, Sher Fertility has helped couples have over 18,000 babies all over the world.
Since 2003, Cord Blood America has been on the cutting edge of stem cell storage. In 2010, Cord Blood America opened its laboratory and corporate headquarters in Las Vegas, and has steadily grown since then. Cord Blood America now offers umbilical cord blood banking and cord tissue services to expectant parents throughout all 50 United States and Puerto Rico.
Based in Henderson, Spectrum Pharmaceuticals is a developer and marketer of oncology drugs for non-Hodgkins lymphoma, advanced metastatic colorectal cancer, and advanced lymphoblastic leukemia. The company is currently developing two other oncology drugs, which are in the clinical trial phase. The company trades under SPPI on the NASDAQ.
A privately owned company, Novum Pharmaceutical Research Services has been doing business in Las Vegas since 2004. The company conducts more than 250 early phase clinical trials each year across its three clinical facilities in Las Vegas, Houston, and Fargo, North Dakota.
Catamaran is one of the industry’s fastest-growing pharmacy benefits management companies. In 2015, Catamaran selected Las Vegas as the site for its customer service and pharmaceutical fulfillment operations. Catamaran chose Southern Nevada for a number of reasons, including access to a large pool of skilled employees with knowledge of pharmacology and the region’s status as a transportation hub with overnight shipping easily available. In July 2015, Catamaran merged with OptumRX, a subsidiary of UnitedHealthcare.
Nevada was an attractive option for ProCare RX, a pharmaceutical benefits management company, due to its tax structure, business-friendly environment, and availability of a workforce that will enable it to expand and prosper. Located near McCarran International Airport and the Southern Nevada ground transportation hubs for FedEx and UPS, ProCare RX is the region’s most recent addition in the emerging pharmaceutical cluster.
Logistics, Manufacturing, and Supply Chain Management
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.
Dozens of logistics companies and distributors have found that Southern Nevada is an ideal place to make and distribute their products. With its proximity to the ports of Los Angeles and Long Beach, its Interstate highway access, its position to the Union Pacific railroad, its global airlift, and its proximity to other major trade routes like Interstate 40 and the BNSF Railroad, Southern Nevada is the ideal place for a western distribution facility.
With strong and low-cost multi-modal transportation options, a burgeoning technology industry, development-ready industrial areas, and geographic proximity to major distribution centers, the region can expect to see continued growth in warehousing and storage over the course of the next five years and should position itself to capitalize on the momentum of recent announcements.
Regional Average Wages
Wholesale Trade Agents and Brokers $96,912
Rail Transportation $75,796
General Freight Trucking, Long Distance $43,174
Freight Transportation Arrangement $56,771
General Warehousing and Storage $35,341
Key Assets to the Logistics & Goods Movement Cluster
McCarran International Airport serves more than 40 million customers every year and handles 600,000 pounds of arriving/departing cargo each day. More importantly, the airport offers nonstop flights to and from nearly every major metros in the United States as well as several in Europe, Asia, and Latin America.
Union Pacific rail connection plays an essential role in carrying the world’s freight from the two largest ports on the West Coast to America’s Heartland and beyond. Since before Las Vegas was incorporated as a city, the Union Pacific rail line has served as an important trade route, connecting Southern California to Southern Nevada to all points east. Additionally, a spur from the Union Pacific rail line runs on McCarran Airport property, creating opportunities for seamless multi-modal cargo distribution.
A 200,000 square-foot freight and distribution facility, the Marnell Air Cargo Center opened in fall 2010 offering build-to-suit suites for tenants. The Marnell Air Cargo Center sits on approximately 19 acres near McCarran International Airport’s Terminal 3 and is less than one mile away from the I-215 beltway and a Union Pacific rail spur.
Foreign Trade Zone #89 offers a great advantage to companies when it comes to duty fees, taxes, and international shipping costs. Companies can use FTZs for both warehousing and distribution operations. Companies can also use an FTZ for manufacturing operations with specific authorization by the U.S. FTZ Board.
Nevada’s already low tax structure is particularly good for logistics, manufacturing, and distribution companies as the state have no inventory or warehousing tax. Additionally, many logistics and assembly companies benefit from operating in Southern Nevada’s Foreign Trade Zone #89.
Amazon.com‘s 286,000-square-foot facility in North Las Vegas serves as the company’s Southwestern U.S. distribution center. From this center, Amazon assembles and ships a wide variety of products, from media to home and garden and larger electronic goods. Amazon chose North Las Vegas as a fulfillment site because of Nevada’s dry climate and regional proximity to Los Angeles and the Pacific Northwest.
TJX, the parent company of the TJ Maxx, Marshalls and HomeGoods brands, is one of the largest distribution operations in Southern Nevada. With more than 700,000-square-feet of warehouse space and an additional 400,000-square-feet on the way, TJX has found a value proposition in North Las Vegas.
A long-time fixture of the Nevada economy, the City of Henderson assisted Levi Strauss & Co. in moving a manufacturing and distribution center to Southern Nevada in 1978. Today, the company is thriving, operating in over 1,000,000-square-feet of industrial space, employing hundreds of people and making use of the LVGEA’s Foreign Trade Zone to streamline operations and save money.
Bed Bath & Beyond, one of the largest home goods retailers in America, recently finished work on a 300,000-square-foot state-of-the-art distribution center in North Las Vegas. The LVGEA assisted the company with real estate and tax incentives.
BodyBuilding.com was originally attracted to Southern Nevada because of the annual Mr. Olympia competition, an annual event held at the Las Vegas Convention Center and several properties on or near the strip. After conducting a nationwide search, the fast-growing company selected North Las Vegas as the location for its western distribution center. The LVGEA was instrumental in the expansion of the company into the region.
AIT Worldwide Logistics enables companies to respond to global opportunities, connect with new suppliers and customers, and leverage creative shipping solutions that take the complexity out of doing business globally.
Provides media, fulfillment, international manufacturing, and design solutions for nearly two decades. Morphed from the manufacturing arm of CBS/Viacom to Aim Solutions. Remains competitive in the marketplace by providing solutions-oriented services to publishing companies, media companies, and intellectual property owners both large and small.
Intelliquick delivery is a high-tech provider which includes services such as cross docking, fulfillment, warehousing, and last mile direct deliveries.
Pierce offers a host of distribution services including outbound order fulfillment, piece picking and packing, custom labeling, kitting, light manufacturing, and many other value-added services. Companies that are interested in working with startup companies will likely have a minimum monthly charge which should be determined upfront and factored into the cost model.
Located in Las Vegas, Nevada, benefits are reached from Nevada’s tax incentives, such as no personal income tax, no corporate tax, and no inventory tax; passing reduced operating costs to clients. Las Vegas is also an important distribution hub for airlines and transportation companies for expedited deliveries.
UPS Air Cargo serves over 200 airports worldwide and has a logistics facility in the Marnell Airport Center adjacent to McCarran International Airport.
A major operations center for both FedEx Express and FedEx Ground, Southern Nevada. The FedEx Express operation is located in the Marnell Airport Center adjacent to McCarran International Airport while the 296,000-square-foot FedEx Ground facility is located in West Henderson along the I-15 corridor.
With over 1,400 flights a week to and from McCarran International Airport, Southwest Airlines is the largest carrier in Southern Nevada. Southwest Airlines Cargo is also the largest tenant in the Marnell Airport Center.
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.
Key Assets to Technology Industry
Switch is a global technology infrastructure company whose core business is the design, construction and operation of ultra-advanced data centers, enabling the most powerful technology ecosystems on the planet. they believe that the future progress of humanity depends on the sustainable growth of the Internet. As more people, businesses, governments and devices come online, the need for advanced data centers increases, as does the growing need to power those data centers.
Flexential is a data company focused on providing high security to companies in need of data storage.
Over the past five years, Nevada has become one of the epicenters of the global clean technology industry. In just the past five years, Nevada has seen more than $5B invested in clean, renewable energy, supporting more than 100 companies and 5,000 jobs. Nevada is also leading efforts to commercialize water efficiency technology through WaterStart (formerly Nevada Center of Excellence) and making new investments in its long-term water sustainability through the Southern Nevada Water Authority. Scroll down to learn more.
Regional Average Wages
Electric Power Distribution $108,576
Water and Sewer Line and Related Structures Construction $53,518
Power/ Communication Line & Related Structures Construction $63,592
Site Preparation Contractors $43,370
Environmental Consulting Services $61,875
Nevada’s primary electric utility, NV Energy, has made renewable energy and energy efficiency an important part of their business. In the 1990s, Nevada passed an aggressive Renewable Portfolio Standard that mandated that at least 25% of all electricity come from renewable sources by 2025. In 2013, the Legislature and NV Energy went a step further to completely divest from coal and build 350MW of renewable energy in Nevada. Already, solar, wind, and geothermal plants produce more than 1000 MW of power for the State’s customers. Click here to learn more about NV Energy’s Economic Development Programs.
The Nevada Governor’s Office of Energy (GOE) oversees energy programs required through statute and those that help to meet the mission of the office. The mission of the Governor’s Office of Energy (GOE) is to ensure the wise development of Nevada’s energy resources in harmony with local economic needs and to position Nevada to lead the nation in renewable energy production, energy conservation, and the exportation of energy. GOE implements the laws that promote renewable energy production; manages energy-related programs; facilitates cooperation between key stakeholders; advises the Governor on energy policy; and collaborates with our local, regional, and federal partners to ensure a reliable and sustainable energy system. Click here to learn more about the Nevada Governor’s Office of Energy.
The UNLV Center for Energy Research trains the workforce necessary for the clean energy jobs of the 21st century. In 2013, the Center was selected by the US Department of Energy to be one of five Regional Test Centers in the US. The purpose of these centers is to evaluate the performance of new PV products using high quality test methods for distinct climatic conditions. The Center also led UNLV’s efforts to participate in the 2013 Solar Decathlon. The institution’s entry, Desert Sol, placed second overall in this highly competitive global competition. Click here to learn more about the UNLV Center for Energy Research.
The Desert Research Institute (DRI), the environmental research arm of the Nevada System of Higher Education conducts cutting-edge applied research in air, land and life, and water quality across Nevada, the United States and on every continent. With more than 500 employees and two main campuses in Reno and Las Vegas, Nevada, DRI generates $50 million in total annual revenue. DRI excels in basic and applied research and the application of technologies to improve people’s lives throughout Nevada and the world. DRI implements this mission by fostering scientific and engineering talent. Its staff apply scientific understanding to the effective management of natural resources while meeting Nevada’s needs for economic diversification and science-based educational opportunities. Click here to learn more about the Desert Research Institute’s programs.
The Southern Nevada Water Authority (SNWA) is a cooperative, not-for-profit agency to address Southern Nevada’s unique water needs on a regional basis. SNWA officials are charged with managing the region’s water resources and providing for Las Vegas Valley residents’ and businesses’ present and future water needs. Since its inception in 1991, the SNWA has led one of the most progressive and comprehensive water conservation programs in the nation. Between 2002 and 2014, Southern Nevada’s consumption of Colorado River water decreased by 32 billion gallons — a 30 percent reduction — despite the addition of 520,000 residents during that time. Click here to learn more about the Southern Nevada Water Authority.
WaterStart is an independent team of stakeholders focused on one of the greatest issues facing our state: Water. Through collaboration and the use of best practices, WaterStart endeavors to explore water industry issues, promote economic and workforce development, and support technology transfer. Learn more about WaterStart.
Sempra Energy owns and operates one of the largest photovoltaic (PV) solar plants in America in the Eldorado Valley of Boulder City, Nevada. The 458MW Copper Mountain Solar Facility was built in three phases from 2010-2015. A further expansion of the plant is underway.
First Solar is one of the nation’s leading manufacturers of photovoltaic (PV) solar panels, and currently developing a 300 megawatt (MW) PV solar farm two miles southwest of the California-Nevada border and a 250MW project on the Moapa River Indian Reservation northeast of Las Vegas.
Spain based Acciona Energy built Nevada Solar One, a large parabolic trough concentrated solar power (CSP) array in the Eldorado Valley of Boulder City, Nevada. The 64MW power plant has been prodicing electricity since June 2007, and supports power for more than 15,000 households in Southern Nevada.
SolarCity believes in a better way to power homes and businesses at a lower cost while contributing to a cleaner planet. As America’s No. 1 full-service solar provider, the company makes it easy to enjoy the benefits of clean, renewable energy. In 2013, Solar City moved their regional headquarters to Las Vegas. The company employs more than 1,000 people in the region.
Northern California based Sunrun moved into the Southern Nevada distributed generation market in April of 2015. Since then, they have expanded offerings quickly. Sunrun and its partner companies now employ well over 100 Southern Nevadans.
The most experienced solar installation team in Nevada, Bombard Renewable Energy has been delivering quality electrical systems in Nevada since 1982. Perhaps most famously, Bombard Renewable Energy installed the Solar Trees on Las Vegas City Hall.
Through its PureSystems platform, IBM works with the Desert Research Institute, the Southern Nevada Water Authority, and WaterStart to provide analytics on water management systems.
Water Shark Systems, based in North Las Vegas, is an innovator and manufacturer of water treatment systems for small scale and mobile system applications. Working with WaterStart, Water Shark Systems performed applied research with the Southern Nevada Water Authority and eventually moved their manufacturing headquarters to Southern Nevada.
Echologics uses a proprietary acoustic-based leak detection and monitoring system that analyzes sound properties within water transmission mains and alerts water utilities about the presence and locations of leaks. Echologics technology was deployed on Las Vegas Strip due to a partnership between the company, the National Institute of Standards and Technology (NIST) and WaterStart.
Aerospace, Unmanned Aerial Systems, and Defense
The Defense and Aerospace cluster has historically been an important part of the Southern Nevada regional economy. Between the Nellis and Creech Air Force Bases and the Nevada Testing and Training Range, the Department of Defense employs approximately 14,000 airmen, civilian staff, and contractors in Southern Nevada. In recent years, the unmanned aerial systems (UAS) industry has become an important part of our economy. Creech AFB, in the town of Indian Springs northwest of Las Vegas, is the global home of drone operations for the Air Force. Additionally, Nevada is one of six locations that the FAA selected to be a center for Unmanned Aerial System (UAS) development in the United States. As a UAS development site, the most likely economic forecast shows that there could be thousands of jobs for UAS direct employees with an average wage of approximately $62,000; an estimated $2.5 billion in economic impact in present dollars; and an estimated $125 million in annual state and local tax revenue.
Regional Average Wages
Aircraft Mechanics & Service Technicians $62,150
Engineering Services $78,925
Research & Development $94,676
Flight Training $87,973
Other Support Activities for Air Transportation $69,430
Why Fly Unmanned Aerial Vehicles and Experimental Aircraft in Nevada?
Nevada’s airspace is unique: it has expansive Military Operations Areas (MOAs) for testing, and general aviation airspace ranges from extremely low density (both aircraft and population) to extremely high density in certain areas. Restricted airspace can be negotiated using partnerships with Department of Defense and Department of Energy facilities.
Southern Nevada has:
- A climate ideal for testing and R&D with 320 days of sunshine and among the most predictable weather patterns in the nation
- Low costs of start-up and operations
An abundance of economical commercial real estate near designated UAV airports near key metro areas, with large warehouse-type facilities available
- Competitive utility rates for commercial operations
- Robust data storage capacity, cloud computing resources and providers in-state
In short, innovation in aerospace and advanced systems is in our DNA. Nevada is the birthplace of the UAS industry. Nevada is the first state to integrate UAVs into its National Guard program, the first to license autonomous cars on public roads, and we have more Department of Defense UAV pilots than any other state.
Tax Abatements on Aircraft Parts
In 2015, the Nevada Legislature passed AB 161, a bill designed to reduce the Nevada tax burden on aviation businesses. The bill authorizes aviation companies, with the assistance of the LVGEA, to apply to the Office of Economic Development for a partial abatement of personal property or sales and use taxes. A business that is approved for these partial abatements may receive an abatement of all local sales and use taxes, as well as the personal property taxes imposed on an aircraft and on the property used to own, operate, manufacture, service, maintain, test, repair, overhaul or assemble an aircraft or any component of an aircraft, for up to twenty (20) years. Contact the LVGEA to learn more about this program.
Nellis Air Force Base, a part of the United States Air Force’s Air Combat Command, is located approximately eight miles northeast of Las Vegas, Nev. The base itself covers more than 14,000 acres, while the total land area occupied by Nellis and its restricted ranges is about 5,000 square miles. An additional 7,700 miles of airspace north and east of the restricted ranges are also available for military flight operations.
Creech Air Force Base, about 35 miles north of Las Vegas, is home to the 432 Wing, which has six operational squadrons, one maintenance squadron, and MQ-9 Reapers and MQ-1 Predator unmanned aerial vehicles, which are central to the ongoing Global War on Terror. The base is also home to the Unmanned Aerial Vehicle Battlelab.
Nevada Testing and Training Range (NTTR) is the largest contiguous air and ground space available for peacetime military operations in the free world. Annually, NTTR hosts large international training operations, including Red Flag and Green Flag.
The Nevada Institute for Autonomous Systems (NIAS) Unmanned Aircraft Systems (UAS) Program Management Office brings together a new team of educators, businesses and government entities. NIAS fosters learning and academic achievement by working with researchers, educators and industry leaders alike, creating a safe, fulfilling, and academically enriching climate for the future of UAS research and development.
Nevada Business Aviation Association brings together like-minded community leaders, and business, industry, education and government representatives who are interested in networking and advocating for education, economic development, and creation of highly-skilled, well-paying jobs in the Aviation, UAS, Defense and Aerospace industries in Nevada.
Afwerx is a catalyst for agile Air Force engagement across industry, academia, and non-traditional contributors to create transformative opportunities and foster an Air Force culture of innovation. The Las Vegas office is the largest Afwerx office and the only office to feature a 3D printing component.
Embry-Riddle Aeronautical University, nicknamed the “Harvard of the Sky,” is one of the world’s foremost aeronautical and technical colleges. With main campuses in Daytona Beach, FL and Prescott, AZ, Embry-Riddle also has a satellite campus on the grounds of Nellis Air Force Base.
When Nevada was selected by the FAA as one of six test ranges nationwide for unmanned aerial systems, Nevada’s university system stepped up research and workforce development for this exciting industry. UNLV hired renown unmanned systems expert Paul Oh from Drexel University, and with his team at the Howard R. Hughes College of Engineering, he is building a robotics and unmanned systems lab at UNLV.
Researchers at the Desert Research Institute (DRI) are exploring ways in which unmanned aircraft systems are increasingly being used in civilian government work as well as the private sector for use in applications as diverse as cloud seeding to fighting forest fires. Learn more about UAS research at DRI by clicking here.
Based in North Las Vegas, NV, Unmanned Systems Inc. (USI) has been a leader in the UAS industry since 2003. For several years, USI has provided the Department of Defense with operational test & evaluation support for the MQ-1 Predator and MQ-9 Reaper platforms, but in recent years, the company has expanded to support the film, agriculture, and oil industry.
ArrowData is an innovative aerospace and data services company specializing in persistent data collection, transmission, analytics, and distribution. In partnership with Switch Supernap, ArrowData provides real-time, critical data services that enhance their clients’ ability to conduct a variety of operations, including journalism, entertainment, public safety, survey, and training work.
Skyworks Aerial Systems “makes dronesmithing easy.” Founded by UNLV Engineering and Business School students, Skyworks Aerial Systems develops drone platforms for business and educational purposes. Learn more about Skyworks Aerial Systems by visiting their website.
National Security Technologies, LLC (NSTec) was formed in 2006 as a joint venture between Northrop Grumman Corporation, and three other corporate partners. These partners are AECOM, CH2M Hill, and Babcock & Wilcox (B&W). With some 2,450 employees, NSTec manages operations at the 1,360-square mile Nevada National Security Site, 65 miles northwest of Las Vegas, and at its related facilities and laboratories for the U.S. Department of Energy (DOE), National Nuclear Security Administration, Nevada Site Office. The company has satellite offices in Los Alamos and Albuquerque, New Mexico; Santa Barbara and Livermore, California; and Washington, D.C., along with a small number of employees located in nine other states and two foreign countries.
Since 1999, Bigelow Aerospace has been developing affordable space destinations for national space agencies and corporate clients. In 2015, the company is poised to deploy the Bigelow Expandable Activity Module (BEAM) to the International Space Station on board the SpaceX CRS-8 mission. Bigelow’s first deployed modules, Genesis I and Genesis II, were deployed in 2006 and 2007 respectively. The habitat modules are still in orbit and providing valuable data for the company as it expands its product offerings.
Arcata Associates, Inc., established in 1979, is a Las Vegas-based aerospace / defense technical services company specializing in military test and training, aeronautical flight testing, and manned and unmanned space flight. Arcata provides SW/HW engineering, systems integration and operations and maintenance services to the Nevada Test and Training Range (NTTR) and Fallon Naval Air Station where realistic combat aircrew training takes place during Red Flag and Top Gun exercises for the US Air Force, US Navy and Marine Corps. For over 20 years Arcata has supported NASA’s aeronautics, science, and space programs. Today, Arcata supports aeronautical research on unmanned aerial systems and experimental aircraft at Dryden Flight Research Center. For Johnson Space Center, Arcata is on the team to Design, Develop, Test and Evaluate Orion, NASA’s next generation space vehicle. At Marshall Space Flight Center, Arcata assists astronauts with their experiments on the International Space Station. At Stennis Space Center, Arcata furnishes IT and management support Agency-wide. Arcata is the only company to have been twice recognized by NASA as its Small Business Prime Contractor of the Year – 2008 and 2011.
JT3, a joint venture of Raytheon and AECOM, provides engineering and technical support to the four Department of Defense (DOD) test ranges in the western United States. More than 1500 JT3 employees and team members help the DOD develop and test new and refined equipment, maintain testing and training environments, and train equipment operators on tactics that will make them successful in battle.