Economic Development

Elko County Business Overview

Businesses which relocate or expand to Nevada are often amazed at how easy it is to start up and operate their business here. 

Nevada has been consistently one of the top 10 most business friendly states with excellent tax advantages* such as:

  • No corporate or personal income tax
  • No inventory tax
  • No franchise tax
  • No unitary tax
  • No special intangible tax

*see Taxes & Incentives for more detail 

Nevada also has an abundance of reasonably priced real estate.  To search for the perfect property for your company, visit Nevada Site Locator.

Return to TopBusiness Resources

Business Environmental Program at the University of Nevada, Reno
This program provides free assistance to help minimize waste and comply with State and federal hazardous waste and air regulations.

Center for Business and Economic Research (CBER)
The Center for Business and Economic Research (CBER) was established in 1975 to make available academic expertise in research projects that assist in the development of the Nevada economy, with special emphasis on the Southern Nevada business community. The center also aims to assist state and local agencies and private-sector enterprises in the collection and analysis of economic and market data in a way that contributes to the diversification and growth of the Southern Nevada economy. An important part of CBER's ongoing work is to collect, analyze and disseminate data on Nevada's businesses and economy.

Nevada Industry Excellence
Nevada Industry Excellence (formerly MAP) assists businesses in the manufacturing, construction and mining industries to become the premier industry leaders in the Nevada market. That’s because Nevada Industry Excellence enables businesses to be flexible and responsive in a rapidly changing marketplace, by providing the expert resources and programs to improve processes, increase efficiencies and productivity.

Nevada Small Business Administration

SBA provides assistances primarily through Access to Capital (Business Financing), Entrepreneurial Development (Education, Information, Technical Assistance & Training), Government Contracting (Federal Procurement) and Advocacy (Voice for Small Business).

Nevada Small Business Development Center (NSBDC)
The Nevada Small Business Development Center is a statewide business assistance outreach program of the University of Nevada, Reno, College of Business. We provide a wide variety of technical assistance to support Nevada Business.

Business Success Center

The Business Success Center was started for people that want to learn how to start a business or to assist existing owners expand.  They provide free counseling to support entrepreneaurs and economic development in Southern Nevada.

Nevada Tech Transfer
In a cooperative effort with USC ETTC NASA's Far West Regional Technology Transfer, the center assists inventors and entrepreneurs applying for SBIR funding through the Federal government and identification of other possible loan sources.

SCORE Southern Nevada Chapter | Northern Nevada Chapter

SCORE “Counselors to America’s Small Business” is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide. SCORE is a resource partner of the U.S. Small Business Administration (SBA). 

State of Nevada Department of Business and Industry

The Department of Business and Industry is a cabinet level agency in Nevada State government. Our objective is to encourage and promote the development and growth of business and to ensure the legal operation of business in order to protect consumers by maintaining a fair and competitive regulatory environment. The Director’s office manages a number of programs and initiatives to address the needs of small businesses, homeowners and consumers including small business advocacy, bond programs, access to capital, housing retention programs, constituent services and fraud prevention and education.

Return to TopFinancial Resources

Industrial Development Revenue Bonds
Industrial Development Revenue Bonds (IDRBs) are a type of tax-exempt municipal bond/public debt instrument.  Proceeds are utilized by private manufacturing companies interested in locating a facility in Nevada or expanding an existing Nevada-based business.

Nevada Small Business Administration

SBA provides a number of financial assistance programs for small businesses that have been specifically designed to meet key financing needs, including debt financing, surety bonds, and equity financing.

Silver State Opportunities Fund

The Nevada Silver State Opportunities Fund (SSOF) manages $50 million of capital dedicated to investing in compelling businesses located in Nevada, looking to expand in Nevada, or seeking to relocate to Nevada.

State Small Business Credit Initiative

Access to capital funding is available through two new programs for small businesses in Nevada so they can grow and diversify. Nevada has been awarded $13.8 million in federal capital funding to support our state’s Nevada Collateral Support Program and Nevada Microenterprise Initiative programs.

Nevada Collateral Support Program

The intent of the Nevada Collateral Support Program is to supply cash collateral accounts to Nevada financial institutions to enhance the collateral coverage of
borrowers.

Nevada Microenterprise Initiative

To enhance the economic self-sufficiency and quality of life of low to moderate income individuals through entrepreneurial training, technical assistance and access to loans for new and expanding business throughout the State of Nevada.

Return to TopTax Rates

Tax Rate
Sales Tax 6.850
Property Tax* 2.8958

*2013-14 rate.  For more information, visit Taxes & Incentives.

Return to TopElko County's Largest Employers

Employer City Industry Code # of Employees
Elko County School District Elko Elementary & Secondary Schools 611110 1,000 - 1,499
The Industrial Company, Inc.   Industrial Building Construction 236210 800 - 899
Cactus Petes, Inc. Jackpot Casino Hotels 721120 600 - 699
Montego Bay Casino Resort West Wendover Casino Hotels 721120 500 - 599
Rainbow Casino and Hotel Wendover Casino Hotels 721120 500 - 599
Peppermill Hotel Casino Wendover Casino Hotels 721120 500 - 599
Wendover Nugget Wendover Casino Hotels 721120 400 - 499
Wal-Mart Supercenter Elko Warehouse Clubs and Supercenters 452910 300 - 399
Red Lion Inn & Casino Elko Casino Hotels 721120 300 - 399
Elko County Elko Executive & Legislative Offices Combined 921140 300 - 399
Jerritt Canyon Elko Gold Ore Mining 212221 200 - 299
Great Basin College Elko Junior Colleges 611210 200 - 299
Northeastern NV Regional Hospital Elko General Medical & Surgical Hospitals 622110 200 - 299
NA Degerstrom Inc Carlin Other Chemical/Fertilizer Mineral Mining 212393 200 - 299
Great Basin College Elko Junior Colleges 611210 200 - 299
Club 93 Inc Jackpot Casino Hotels 721120 200 - 299
City of Elko Elko Executive & Legislative Offices Combined 921140 200 - 299
Highland Manor of Elko Elko Nursing Care Facilities 623110 100 - 199
Barric Gold of North America Elko Gold Ore Mining 212221 100 - 199
Shoshone Paiute Tribes Owyhee Tribal Governments 921150 100 - 199
Red Garter Hotel & Casino West Wendover Casino Hotels 721120 100 - 199

Source: Nevada Department of Employment, Training and Rehabilitation (DETR), 4th Quarter 2014

Return to TopFortune 1000 Companies with a Presence in Elko County

Company Division Of Ranking Description Location
Caterpillar Logistics Services Caterpillar Inc
49
Construction and Farm Machinery Elko
FedEx Freight FedEx Corp
64
Mail, Package & Freight Delivery Elko
John Deere Dealers Deere & Company
80
Construction and Farm Machinery Elko
Joy Global  
493
Construction and Farm Machinery Elko
Newmont Mining  
327
Mining, Crude-Oil Production Carlin
Old Dominion Freight Line  
876
Trucking/Truck Leasing Elko
Pepsi Bottling Group PepsiCo
43
Food Consumer Products Elko
Praxair Distribution Praxair
233
Chemicals Elko
Terex Corporation  
358
Construction and Farm Machinery Elko
Tetra Tech  
805
Engineering,Construction Elko

Source: 2014 Fortune 500+ List

Return to TopIndustry Sectors

Elko, NV Micropolitan Statistical Area

Sector Number of Establishments Total # of Employees Total Annual Payroll
Agriculture, Forestry, Fishing & Hunting 1    
Mining, Quarrying & Oil & Gas Extraction 33 4,752 $453,901,000
Utilities 6    
Construction 108 1,059 $61,916,000
Manufacturing 24   $8,432,000
Wholesale Trade 63 732 $50,184,000
Retail Trade 168 2,307 $64,604,000
Transportation & Warehousing 52 754 $32,694,000
Information 15 13 $4,427,000
Finance & Insurance 51 408 $15,589,000
Real Estate & Rental & Leasing 39 243 $6,847,000
Professional, Scientific & Technical Services 98 542 $26,986,000
Management of Companies & Enterprises      
Administrative & Support & Waste Management & Remediation 42 437 $14,049,000
Educational Services 4    
Health Care & Social Assistance 134 1,548 $62,186,000
Arts, Entertainment & Recreation 32 478 $10,914,000
Accomodation & Food Services 144 5,459 $121,416,000
Other Services (except Public Administration) 92 707 $31,513,000

Source: Statistics of U.S. Businesses, 2011

Return to TopSize of Establishments

Elko, NV Micropolitan Statistical Area

Sector Number of Employees
<20 20-99 100-499 500+
Agriculture, Forestry, Fishing & Hunting 1      
Mining, Quarrying & Oil & Gas Extraction 15 8 3 7
Utilities   3 1 2
Construction 87 16 3 2
Manufacturing 19 1 1 3
Wholesale Trade 21 8 12 22
Retail Trade 98 20 8 42
Transportation & Warehousing 26 3 4 19
Information 5   4 6
Finance & Insurance 21 6 6 18
Real Estate & Rental & Leasing 29   2 8
Professional, Scientific & Technical Services 79 8 4 7
Management of Companies & Enterprises        
Administrative & Support & Waste Management & Remediation 32 1 2 7
Educational Services 3   1  
Health Care & Social Assistance 94 22 12 6
Arts, Entertainment & Recreation 14 8 7 3
Accomodation & Food Services 88 26 11 19
Other Services (except Public Administration) 79 5 4 4

Source: Statistics of U.S. Businesses, 2011

Return to Top Impact Fees

Elko County does not have set impact fees, each commercial project is evaluated on a case-by-case basis. For more information, please contact the Northeastern Nevada Regional Development Authority (NNRDA) at 775.738.2100.