Economic Development

Nevada

The Leading Edge of Business Opportunity.

Nevada. A place to grow. A place to thrive. Nevada is a state filled with opportunity, industry, technology and superior quality of life.

At the heart of the 11 Western states, the silver state has easy access to California's vital markets, a superior telecommunications structure and a liberal tax structure with no personal income tax and no state corporate income tax.

From fast-paced cities (among the fastest growing in the nation), to comfortable, family-based communities, Nevada has the perfect business climate to meet your needs, whether you are looking for a smarter way of doing business or for more fresh air and wide-open spaces.  With extensive arts and culture, diversity, quality education and dependable public services, it is no wonder Nevada has become one of the fastest growing states in the  United States.

The recreational opportunities in Nevada are as diverse as the landscape that spans the state. From majestic snow capped Sierras in northern Nevada to the illusionary red rock desert in southern Nevada the opportunity for outdoor activity has no end. Fishing, boating, hiking, mountain biking and off-roading are just a few activities to participate in.

 

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.

State of the States - General

State of the States - Rankings

Demographics

Nevada Demographics

Labor

Nevada offers a diversified workforce that is ready and willing to work - consisting of the skilled and educated labor your business needs today, as well as ongoing opportunities to grow your pool of talented workers through excellent universities, communitie colleges and technical institutions.  Our pro-business attitude is exemplified in Nevada's right-to-work legislation.  Nevada's workforce and comprehensive training services can not only fulfill, but exceed the expectations of any employers.

For immediate and specialized demand, Nevada offers customized training, such as the Train Employees Now program that provides an industry-specific employer with skilled labor in less time and at lower costs and the Silver State Works Program that provides incentives for hiring qualified in-state candidates.

Source: Nevada Governor's Office of Economic Development

Nevada Labor

Workman's Compensation Insurance
To assist in defining workman's compensation rates within Nevada, you have several options:

  • Use your existing insurance company if they are licensed in Nevada
  • You can be self insured in Nevada
  • Provide us with the following information and we will furnish estimates of workman's compensation insurance rates currently available from over 200 private insurance companies in Nevada.
    1. Class codes per employee
    2. Payroll by class code - Nevada has a PAYROLL CAP whereby wages over $36,000 per employee are not charged for workman's compensation.
    3. Loss experience for the last three (3) years
    4. If your company has an Experience Rate Modifier established, it can be applied to your Nevada exposure.
  • Visit National Council on Compensation Insurance for specific rates.  For instructions on how to use this website, please visit How to Access Workers' Compensation Rates at ncci.com
  • Call the National Council on Compensation Insurance at 1.800.622.4123 for specific rates for your company.

Workman's Compensation Rankings

Quality of Life

Nevada is a state of extraordinary contrasts - from the excitement of the Las Vegas Strip, to the tranquility of a silent desert sunset.  Our many unique environments mean that you don't have to make any personal sacrifices to take advantage of Nevada's business opportunities.

Nevada offers unparalleled outdoor and recreational activities, including world class golfing, skiing and boating, as well as fishing, hunting and hiking.  Nevada's art, culture and entertainment environment is equally rich and diverse.  Las Vegas, Reno and Lake Tahoe host the biggest names in entertainment, while festivals across the state as diverse as the Cowboy Poetry Festival in Elko and Burning Man in the Black Rock Desert celebrate Nevada's art and culture.

Source: Nevada Governor's Office of Economic Development

Nevada Quality of Life

Cost of Living and Housing Comparison

Housing Opportunity Index