Las Vegas Business Climate
There are many reasons that Las Vegas
has gained a reputation as one of the best places to start and
operate a business in the United States. The favorable Las Vegas
business climate includes low operating costs and the benefits
of no corporate taxes nor earnings, inventory, unitary or in-transit
goods taxes. Also the Foreign Trade Zone No 89 offers reduced,
deferred or eliminated merchandise duties and a 300,000 square-foot
facility.
The following examples show the favorable Las Vegas business
climate:
What it Costs to Operate
a Corporate Headquarters Office in
Las Vegas and other Fortune 500 Cities
(Based on a corporate head office
occupying 100,000 sq. ft of Class-A office
space and employing 750 support workers)
|
Corporate HQ Location
|
Total Annual Operation
Cost
|
|
San Jose, CA
|
$ 45,676,082
|
|
New York, NY
|
$ 44,997,550
|
|
Philadelphia, PA
|
$ 40,171,361
|
|
Chicago, IL
|
$ 40,140,514
|
|
Boston, MA
|
$ 40,044,344
|
|
Fairfax County, VA
|
$ 39,926,082
|
|
Orange County, CA
|
$ 39,473,380
|
|
Las
Vegas, NV
|
$
34,661,671
|
|
Richmond, VA
|
$ 33,454,690
|
The Small Business Survival Index has ranked the Las Vegas business
climate as second overall in the nation based on its policies
for small business and entrepreneurship. Some examples where
Nevada scored highest include: Personal Income Tax, Capital
Gains Tax, Corporate Income Tax, Property Taxes, Sales, and
Death Taxes. The Small Business Survival Index is created by
the Small Business Survival Committee (SBSC), a national, nonprofit
small business advocacy organization with 70,000 members nationwide.
To learn more about the Index and the SBSC, please click
here. The SBSC's Index rates all fifty states in the United
States based on twenty government imposed or related costs affecting
the ability for a corporation to do business profitably. To
view the full report, see: http://www.sbsc.org/Media/pdf/SBSI2002A.pdf
Las Vegas has been frequently mentioned as the best place in
the nation for starting a business. Both Entrepreneur Magazine
and Inc. Magazine keep saying the same thing: Las Vegas is a
great place to do business. D &B and Entrepreneur's 2002
"Best Cities for Entrepreneurship" announced that
Las Vegas ranks 2nd in the West for economic growth and entrepreneurial
activity and ranks 14th overall in the nation. To view this
report:. http://www.entrepreneur.com/
"Four criteria are used to rank the cities: entrepreneurial
activity (based on the number of businesses 5 years old or younger),
small-business growth (based on the number of businesses with
fewer than 20 employees that had significant employment growth
from January 2001 to January 2002), economic growth (change
in job growth over a three-year period through January 2002),
and risk (bankruptcy rates)."
To learn more about what the city of Las Vegas is doing to attract
new business to the city please visit the following 10 smart
reasons to relocate your business in the city of Las Vegas.
If you've been thinking about starting a business in Las Vegas
and need some guidance please visit City
of Las Vegas Department Listings. There is a long list of
departments and city organizations that will help you get your
business moving.
Recent corporate moves and new distribution centers that have
opened in Las Vegas include the following non-gaming entities:
Big O Tires, Citibank and Ocean Spray just to name a few. |
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Equal
Housing Opportunity