Business Assistance Programs

BUSINESS-FRIENDLY NEVADA with PRO-BUSINESS TAX CLIMATE

Nevada’s Tax Structure:
  • NO Corporate Income Tax

  • NO Personal Income Tax

  • NO Inventory Tax

  • NO Unitary Tax

  • NO Estate and/or Gift Taxes

  • NO Franchise Tax

  • NO Inheritance Tax

  • NO Special Intangible Tax

Low Cost of Doing Business
  • 6% lower than the national average

    (Forbes, November 2018)

  • One of the lowest costs to incorporate in the United States

Right-to-Work State: Right to Work Laws secure the right of employees to decide for themselves whether or not to join or financially support a union
State Business Incentives: a variety of incentives to help qualifying companies
Low Workers Compensation Rates: Ranked #46 out of 51, Nevada has a payroll cap of $36,000 of reportable payroll per employee, per employer, per year
Strong Focus on Renewable Energy: geothermal, solar and wind

Northern Nevada

Logistics Hub
  • Reach nearly 60,000,000 customers within a one-day truck transit

  • Close proximity to the Western U.S. and U.S. deep water seaports serving the Pacific Rim

  • Easy access to the state’s multi-modal transportation infrastructure

  • More than 50 freight carriers and 65 trucking companies offer transcontinental fast-freight and van-line shipping

  • Reno-Tahoe International Airport is one of the nation’s most reliable air cargo centers

  • Reno has the largest concentration of distribution-related property per capita in the U.S.

Affordable Lease Rates
Competitive Utility Rates
Highway Access
  • I-80 – East-West

  • I-580 – Reno, Carson City, Carson Valley, and Lake Tahoe

  • US 50 – East-West

  • US 95 – Connects I-80, US 50, and I-15

  • US 395 – North-South

NEW/RELOCATING BUSINESSES

Favorable Tax Structure and Pro-Business Regulatory Environment

RIGHT-TO-WORK STATE

The cost of doing business is less than the national average, and there are no corporate & personal income taxes.

WORKFORCE INCENTIVES

Financial Reimbursements & Training Allowances for Eligible Employers

PRE-SCREENED QUALIFIED WORKERS

Receive up to $2,000 per employee in incentive reimbursements or training allowances for new hires.

GROWING RESIDENT BUSINESSES

Assistance with Expansion and Growth

PROBLEM-SOLVING & SOLUTIONS

Work with an economic development team to connect with resources which  facilitate growth and expansion.

SITE SELECTION

Finding the Right Location to Meet Business Objectives

COMMERCIAL & INDUSTRIAL SPACE

Work with a team of real estate professionals to identify properties which meet your company’s needs.

NEVADA BUSINESS INCENTIVES

A Variety of Abatements to Help Qualifying Companies

STATE TAX ABATEMENTS

Incentives are available for qualifying new, existing & relocating businesses to support their growth and success.

Turnkey Industrial Properties Reduce Risk

STREAMLINED DUE DILIGENCE

Pre-qualification designation includes key details about a site for businesses wanting to move forward quickly.

Nevada Business Incentives - Tax Abatements

  • Nevada Standard Tax Abatement: Includes Sales and Use Tax, Modified Business Tax, Personal Property Tax, and Real Property Tax for Recycling

  • Data Center Tax Abatement: Partial abatements from personal property tax and sales and use taxes available for data center companies locating or expanding their 

  • Aviation Tax Abatement: Partial abatements from personal property tax and from sales and use taxes available for aviation companies locating or expanding their business in Nevada

NEVADA WORKFORCE INCENTIVES:

Silver State Works

Financial Incentives for Eligible Nevada Employers Who Hire Pre-Screened Qualified Workers

  • On the Job Training: Administered by Nevada Department of Employment Training and Rehabilitation (DETR)

  • Job Placement: Nevada JobConnect recruitment and employee search/job placement services are available at no cost to the employer

  • Employer Incentive Job Program: Receive 50% of participants  wages through training period

  • Incentive Based Employment: Receive wage retention supplements of up to $2,000 per employee

For more information contact:

Tatjana Vukovic

Deputy Director

+1 (775) 624-3963

[email protected]