POPULATION: 2,711,206 (2009 estimate)
LABOR FORCE: 1,374,554 (August 2010)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Mining, tourism and gaming,
agriculture
EXPANDING INDUSTRIES: Renewable energy, light manufacturing,
research and development,
financial services, biotechnology
COLLEGE GRADUATES: (Age 25 and over) 20.9%
BASIC BUSINESS TAXES:
Corporate Income Tax:
None
Business License Fee: $200 annually
Gross Payroll Tax: 0.5—1.17 percent
with deductibility of employer-paid
health insurance premiums; financial
institutions are taxed at 2 percent.
Sales and Use Tax: 6.85 percent on
retail sales plus local add-ons
Property Tax: Levied at 35 percent
of the property's full cash value
BUSINESS INCENTIVES
Sales tax deferral and abatement
Intellectual property development
Modified business tax abatement
Personal property tax abatement
Train Employees Now
On-the-job training
Industrial Development Revenue
Bonds
Private activity bond financing
Publicly registered securities
offerings
Captive Insurance Program
Millennium Scholarship Program
