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Nevada Resources Page
Inward Investment Guides

Auto/Aero Firms Redrawing the Map

Dale D. Buss, Staff Editor,  (Q2 2015)
Strong sales in the auto industry and a rebounding aerospace sector are spurring new facility/expansion projects in legacy as well as new locations. More

Infrastructure Investment: The Bridge to Economic Growth

Dale D. Buss, Staff Editor,  (Q1 2015)
Although conditions vary, much of the nation’s infrastructure is in dire need of repair and/or replacement, affecting business in general and some companies — as well as their location decisions — in particular. More

Regional Report: Mountain Region States Highlighting Innovation and Pioneer Industries

Karen Thuermer (Directory 2015)
States in the mountain region are pulling out the stops to attract advanced technology companies. Nowhere is this more true than in Nevada, where Tesla is building its gigafactory, which will be the world’s largest and most advanced battery factory. More

Front Line: Preparing for Takeoff in the Drone Industry

Craig Guillot (Q4 2014)
As drones become smaller, more affordable, and easier to operate, they’re being eyed for use in everything from agriculture to construction and real estate. The Federal Aviation Administration (FAA) says there could be 30,000 of them in American skies by 2020, and according to the Association for Unmanned Vehicle Systems International (AUVSI), the business of manufacturing and flying drones could become an $82 billion industry within 10 years. More

Critical Site Selection Factor #8: State & Local Incentives Figure More Heavily

Dale D. Buss, Staff Editor,  (Q4 2014)
The importance of state and local incentives smashed up through the ranks of site selection factors to #8 in Area Development’s most recent Corporate Survey from #13 a year earlier. And, with big money at stake, states are more careful to make sure they are getting what they pay for. More

Location Notebook: Tesla’s “Gigafactory” - Reno’s Game Changer

Dennis Cuneo, Managing Partner , Fisher & Phillips (Q3 2014)
With the announcement that Tesla picked Reno for its highly publicized $5 billion “gigafactory,” the area took a giant step toward civic leaders' goal of remaking its economy and image. To win the project, the state offered a rich — and what will be a highly scrutinized — incentive package. Will the bold gamble pay off? More

Front Line: Tesla’s New Battery Plant to Bring Electric Vehicles to the Masses

Geraldine Gambale, Editor, Area Development Magazine (Q3 2014)
A comprehensive incentives package (pending legislative approval), proximity to natural resources and abundant renewable energy potential are significant factors that will improve Tesla’s odds of success in the “get things done state.” More

Nevada Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Nevada's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

NEVADA at a glance

POPULATION: 2,800,967

LABOR FORCE: 1,372,996

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Mining, tourism and gaming, agriculture

EXPANDING INDUSTRIES: Aerospace defense; business IT ecosystems; clean energy; health and medical services; logistics and operations; mining, materials, and manufacturing; tourism, entertainment, and gaming

COLLEGE GRADUATES: (Age 25 and over) 30.7% (2013 ACS)

BASIC BUSINESS TAXES:
Corporate Income Tax: None

Business License Fee: $200 annually

Gross Payroll Tax: 0-1.17 percent with deductibility of employer-paid health insurance premiums; financial institutions are taxed at 2 percent.
As of July 1, 2013 the quarterly sum of all taxable wages over $85,000, minus health care deductions, times 1.17%. If an employer has less than $85,000 of taxable wages in the quarter, it still must file a return with $0 balance due. The 0% rate on Tier 1 of the MBT has been extended to June 30, 2015.

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

Industrial Development Revenue Bonds

Private activity bond financing

Publicly registered securities offerings

Captive Insurance Program

Millennium Scholarship Program

Principal Manufacturing industries

  • Food
    12.9%
  • Fabricated Metal Products
    12.5%
  • Printing and Related Support Activities
    8.2%
  • Computer and Electronic Products
    7.2%
  • Plastics & Rubber Products
    6.8%
  • Nonmetallic Mineral Products
    6.5%
  • Transportation Equipment
    3.4%
  • Other Manufacturing Industries
    42.5%
Sources: U.S. Census, U.S. Bureau of Labor Statistics, Nevada State Demographer, Nevada Department of Taxation, Nevada Department of Employment, Training and Rehabilitation, Nevada Governor’s Office of Economic Development