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.
#1
Best Job Creation Index in the United States
Gallup (2017)
#1
Best States for Transportation
US News & World Report (2018)
#2
Fastest Growing
County by
Population
Business Facilities (2018)
#5
Overall State
Business Tax
Climate
Tax Foundation (2018)
#1
Most Entrepreneur Friendly State
Small Business & Entrepreneurship Council (2018)
#1
Highest Ranking State for the Quality of Infrastructure
US News & World Report (2020)
#2
Fastest Growing State by Population
US Census Bureau (2020)
#9
Overall State Business Climate Index
Tax Foundation (2019)
BUSINESS ASSISTANCE PROGRAMS
- Sales and Use Tax Abatement
- Modified Business Tax Abatement
- Personal Property Tax Abatement
- Real Property Tax Abatement for Recycling
- TRAIN Employees Now (TEN)
- Silver State Works Employee Hiring Incentive
NEVADA TAX CLIMATE
- No Corporate Income Tax
- No Admissions Tax
- No Personal Income Tax
- No Unitary Tax
- No Franchise Tax on Income
- No Estate Tax
LABOR
- Nevada has one of the lowest labor costs in the region
- According to the U.S. Bureau of Labor Statistics, the metro Las Vegas area has more than 100,600 workers in the distribution/transportation/warehousing and manufacturing industries
- Nearly 60,700 students are enrolled in the University of Nevada Las Vegas and the College of Southern Nevada
- According to CBRE-EA, over the next five years, manufacturing jobs are expected to grow by 0.8% and transportation and warehousing by 0.6%
- All industrial employment sectors in Las Vegas are expected to grow faster than the national averages
- Year-to-date employment growth in Southern Nevada is 4.2% compared to the National Average of 2.9%
