Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew
Nevada Resources Page
Inward Investment Guides

Beyond Silicon Valley: Promising New Tech Boomtowns

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL (Q1 2016)
In its quest for lower costs, modern facilities, and access to talent, the booming tech sector is finding it can strike gold outside California. More

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

Regional Report: The Mountain States Garner Accolades for Business Expansion

Steve Stackhouse-Kaelble (Directory 2016)
Their economies are faring well, but the Mountain States continue to keep themselves busy building new industries and supporting existing employers. More

Data Center Demand Emerges Throughout New Locations in North America

Area Development Research Desk (Directory 2016)
Data centers are key economic drivers in markets within which they operate, and operators have looked to be more efficient with their locations, expanding into regions with more flexible utility costs, incentives packages or lower taxes. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

Auto/Aero Firms Redrawing the Map

Dale D. Buss, Staff Editor, Area Development (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, Area Development (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

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