Nevada Governor’s Office of Economic Development
Southern Nevada
702-486-2700
msheldon@goed.nv.gov
Northern Nevada
775-687-9900
abacchus@goed.nv.gov
“Nevada’s natural resources, people, reasonable cost of living and doing business, and proximity to west coast tech-hubs have enabled innovation to flourish in the State. This new strategy will be critical to the continued growth of our economy.”
— Tom Burns, Executive Director,
Nevada Governor’s Office of Economic Development (GOED)
TARGETED GROWTH SECTORS
Advanced Manufacturing: The Advanced Manufacturing industry includes four main sectors: Aerospace & Defense, Clean Technologies, E-Mobility, and All Other Advanced Manufacturing.
Transportation and Logistics: The transportation & logistics industry in Nevada can be categorized into seven main sectors: Warehousing, Trucking, Rail, Multi-Modal Hubs, Wholesaling, Air, and Water.
Information Technology: The Information Technology (IT) industry is composed of sectors ranging from Broadband and Cyber Security to Technology Manufacturing and Data Hubs.
TOP PROJECTS
COMPANY | LOCATION | INVESTMENT |
Tesla, Inc. | Storey County | $3.6 billion |
Redwood Materials, Inc. | Storey County | $1.1 billion |
Novva Reno, Inc. | Storey County | $258 million |
Novva Holdings, LLC | Clark County | $202 million |
Crocs, Inc. | Clark County | $100 million |
FEATURED LOCATIONS
Nevada is a business-friendly state, offering low-cost startup, regulatory, licensing, annual fees, tax structure, and competitive utility rates for commercial operations as well as transportation infrastructure and the geographic location. Less than one-day’s drive to 60 million customers and five major U.S. Ports serving the Pacific Rim, Nevada also offers several business incentives and programs.
FAST FACTS
Population (July 2022 est.): 3,177,772¹
Largest Cities (2020): Las Vegas (643,292); Henderson (319,055); North Las Vegas (264,216); Reno (264,116); Sparks (109,121)¹
Real GDP (2022): $165.4 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
SALES TAX INCENTIVES & TRAINING PROGRAMS
Tax Abatement Program: Through the Governor’s Office of Economic Development, Nevada offers incentives to help qualifying companies do business in the state, including sales tax abatements on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, aviation parts and data centers.
Nevada Workforce for a New Nevada (WINN) Program: WINN represents Nevada’s commitment to create training programs that will equip workers with the skills needed by employers. Since its inception, WINN has made more than $13 million in strategic investments to enable accelerated on-ramps to high-skill and high-wage jobs in a New Nevada.
TOP BUSINESS FACILITIES RANKINGS
Top 5 EV Industry Investment | 2023 State Rankings |
Top 10 Best Business Tax Climate | 2023 State Rankings |
Top 10 Solar Power (Installed MW) | 2023 State Rankings |
Top 10 Housing Market Growth | 2023 State Rankings |
Top 15 Outdoor Recreation | 2023 State Rankings |
#2 Fastest Growing Counties: Clark County | 2023 Metro Rankings |
#2 Manufacturing Hubs (Mid-Sized): Reno | 2023 Metro Rankings |
#3 Solar Cities (Installed Capacity MW): Las Vegas | 2023 Metro Rankings |
#3 Housing Growth (Large Cities): Las Vegas-Henderson | 2023 Metro Rankings |
Top 10 Millennial Magnets: Henderson | 2023 Metro Rankings |
LATEST NEWS
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Innovations are on the rise in the Silver State with clean energy and tech-focused accelerators in motion.
2023 Deals Of The Year
Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.
Meeting The Moment In Henderson, NV
Jared Smith, CEcD, Economic Development and Tourism Director, City of Henderson, tells us why this forward-thinking southern Nevada city is primed for the next wave of business.