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 105,800 workers in the distribution/transportation/warehousing and manufacturing industries
  • Over 60,000 students are enrolled in the University of Nevada Las Vegas and the College of Southern Nevada
  • According to CBRE-EA, over the next 5 years, manufacturing jobs are expected to grow by 1.6% and transportation and warehousing by 0.8%
  • All industrial employment sectors in Las Vegas are expected to grow faster than the national averages
  • Year-end 2023 employment growth was 4.1% in Las Vegas and 3.5% in Nevada, both higher than the National Average of 1.9%