The low-tax climate in Southern Nevada is one of the most-cited reasons to do business in Nevada. Companies doing business in Nevada can save millions of dollars by having a long-term presence in the state.
#1
Best Job Creation Index in the United States
Gallup (2017)
#1
Best States for Transportation
US News & World Report (2018)
#2
Fastest Growing
County by
Population
Business Facilities (2018)
#5
Overall State
Business Tax
Climate
Tax Foundation (2018)
#1
Most Entrepreneur Friendly State
Small Business & Entrepreneurship Council (2018)
#1
Highest Ranking State for the Quality of Infrastructure
US News & World Report (2020)
#2
Fastest Growing State by Population
US Census Bureau (2020)
#9
Overall State Business Climate Index
Tax Foundation (2019)
BUSINESS ASSISTANCE PROGRAMS
- Sales and Use Tax Abatement
- Modified Business Tax Abatement
- Personal Property Tax Abatement
- Real Property Tax Abatement for Recycling
- TRAIN Employees Now (TEN)
- Silver State Works Employee Hiring Incentive
NEVADA TAX CLIMATE
- No Corporate Income Tax
- No Admissions Tax
- No Personal Income Tax
- No Unitary Tax
- No Franchise Tax on Income
- No Estate Tax
LABOR
- Nevada has one of the lowest labor costs in the region
- According to the U.S. Bureau of Labor Statistics, the metro Las Vegas area has more than 100,600 workers in the distribution/transportation/warehousing and manufacturing industries
- Nearly 60,700 students are enrolled in the University of Nevada Las Vegas and the College of Southern Nevada
- According to CBRE-EA, over the next five years, manufacturing jobs are expected to grow by 0.8% and transportation and warehousing by 0.6%
- All industrial employment sectors in Las Vegas are expected to grow faster than the national averages
- Year-to-date employment growth in Southern Nevada is 4.2% compared to the National Average of 2.9%
FOR MORE INFORMATION, PLEASE CONTACT:
KEVIN HIGGINS, SIOR
Vice Chairman
702-369-4944
kevin.j.higgins@cbre.com
Lic. BS.0016109
JAKE HIGGINS, SIOR
Senior Vice President
702-369-4844
jake.higgins@cbre.com
Lic. 0176473
KELSEY HIGGINS
Associate
702-369-4812
kelsey.higgins@cbre.com
Lic. S.0192524
VanTrust Real Estate
Keith Earnest
Executive Vice President
602-320-5410
keith.earnest@vantrustre.com
VanTrust Real Estate
Jenna Borcherding
Director, Development
602-732-4223
jenna.borcherding@vantrustre.com
©2024 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.