DOING BUSINESS IN NEVADA

Nevada Governor’s Office of Economic Development
www.goed.nv.gov

Southern Nevada
702-486-2700
msheldon@goed.nv.gov

Northern Nevada
775-687-9900
abacchus@goed.nv.gov

Tom Burns, Executive Director, Nevada Governor’s Office of Economic Development (GOED)

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)
Doing business in Nevada
Reno, Nevada, skyline at dusk (Photo: Adobe Stock/allard1)

  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 Governor’s Office of Economic DevelopmentNevada 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

From the July / August 2023 issue of Business Facilities

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