Empowering Success
Why Nevada

Nevada’s Plan for Recovery and Resilience lists numerous strategic initiatives to ensure the medium-term prosperity of the state. One of these is the development of ‘Regionally Designed and Industrial Centers’. The report notes that northern Nevada’s gaming, tourism, and hospitality sectors gave way to new industries following the Great Recession and notes the region’s emergence of data centers, logistics and transportation (amongst other industries) as a contributor to this success. The report also notes southern Nevada is at the same fork in the road, faced by northern Nevada 10 years ago and states the region needs accelerated growth in other areas such as health services, logistics and green tech.

Another strategy listed is the ‘integration into Regional and Global Value Chains’. To support this the report points to a need, particularly in southern Nevada, for an investment in infrastructure efforts to support the logistics and advanced manufacturing industries and suggests the establishment of an advanced manufacturing and logistics hub.

The report also states, under the Statewide Integration and Connectivity strategy, that both northern and southern Nevada should establish logistics and manufacturing parks to support the development of competitive manufacturing and logistics industries throughout the state.

The strategy of ‘Technology Driven Development’ states the need for responsible and sustainable growth. Nevada is currently seeing a significant interest from green tech companies such as electric vehicle producers and lithium mining outfits.

GOED continues to incorporate the above, and other recovery strategies, as it works to attract, retain and grow these targeted industry sectors. The state’s list of incentivized companies, particularly in Fiscal Years of 2020 and 2021, demonstrates GOED’s continuing commitment to align with Nevada’s Plan for Recovery and Resilience.

Nevada Advantage

A business-friendly state, with state and local governments committed to streamlining approval processes and remaining a very low-regulation environment.

A state in which your local and state government officials are accessible.

A state whose Governor is committed to economic development, creating an office and organizational support system dedicated to businesses who are relocating, expanding, or starting up operations in Nevada. Regional development authorities support the state’s economic development with extensive local knowledge, resources and assistance.

A state with the infrastructure in place to support the primary industry sectors that are our focus for our economic development.

Located in a prime distribution location, a transportation hub ideal for manufacturing, distribution/logistics, information technology/data centers, tourism and many more.

A favorable tax environment for business and industry.

More than 56 million people visit Nevada each year.
Las Vegas McCarran Airport is in the top 10 of U.S. airports. Reno-Tahoe Airport is an LAX and SFO alternative.
Able and willing workforce in right-to-work state.
An abundance of economical commercial real estate.
Low-cost startup, regulatory, licensing and annual fees.
Consistently one of the top 10 most business-friendly states.
No corporate income tax. No personal income tax. No franchise tax on income. No inventory tax. No inheritance or gift tax. No unitary tax. No estate tax.
Less than one-day’s drive to 60 million customers and five major U.S. ports serving the Pacific Rim.
Competitive utility rates for commercial operations.

Who's Doing Business Here?
“We’ve invested $1.6 billion in the region today and over the course of the next six years, we intend to invest an additional $1 billion." - Tim Cook
With a significant and growing presence in both Reno and North Las Vegas, Amazon employs more than 3,000 Nevadans at their Silver State facilities.
A global technology leader in mobility, Aptiv launched a fleet of more than 100 autonomous vehicles in Las Vegas on the Lyft network.
Nevada-born Switch is reshaping America’s Internet infrastructure with energy-efficient hubs located throughout the United States, including Tahoe Reno, Las Vegas, Grand Rapids, Mich. and most recently Atlanta.
"You've created a state where you can move quickly; it's a real get things done state." - Elon Musk
“The Raiders are proud to be joining such a special team, for together we are Vegas Strong.” - Mark Davis

Programs & Incentives

Accessible. Knowledgeable. Helpful. From large businesses to small, urban communities to rural, employers to employees, Nevada-born to new-to-Nevada, GOED staff offer a comprehensive toolkit of economic development programs and incentives.

GOED is committed to promote a robust, diversified and prosperous economy in Nevada, stimulating business expansion and retention, encouraging entrepreneurial enterprise, attracting new business, and facilitating community development.

The State of Nevada, through GOED, offers a variety of incentives to help qualifying companies make the decision to do business in the state, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants. The state also offers abatements on aviation parts and data centers, and assistance with workforce development.

Key Industries

For Nevada, Economic diversification does not mean abandoning our traditional sectors of tourism, mining, and agriculture. Rather, other industries will expand to establish a broader economic foundation.

Our state strategic plan identified more than 30 opportunities and categorized them across seven sectors. It is within these opportunities that Nevada can realize its potential for producing high-quality jobs.

The state marshals resources to assist regions in the development and execution of sector-specific and cross-sector strategies toward capitalizing on targeted opportunities, especially through innovation.

A variety of opportunities is the linchpin for economic diversification in Nevada. GOED’s industry specialists work closely with the RDAs and the private sector as they maximize sector development.

Nevada's Climate Strategy

The State Climate Strategy is an integrated, economy-wide roadmap for the Silver State to accelerate climate action necessary to achieve Nevada’s climate goals and capture the health and economic benefits of the clean energy and technology revolution. The Strategy is just the beginning of future climate action in Nevada. As a living document, the Strategy will be adapted and updated as the impacts of climate change evolve and new climate-friendly technologies become available.

Living in Nevada

Nevada is a state of extraordinary contrasts, from the excitement of the Las Vegas Strip’s dazzling lights to the tranquility of desert sunsets with rich reds and purples; from the hip, entrepreneurial vibe of Reno to the unparalleled year-round beauty of Lake Tahoe. The Silver State offers outdoor recreational options that include world class golf, skiing and boating - as well as fishing, hunting and hiking in three national parks, two dozen state parks, and several thousand acres of wilderness, national recreation areas, national forests, wildlife refuges and other protected places. Explore the world around you. Indulge your inner foodie. Discover historic towns. Meet local artists. Jump in with both feet. Or just take it easy. Nevada is for doers - no matter what type of adventure you’re after.

Want to Talk? Here's how to reach us:
(800) 336-1600
Monday - Friday
8:00AM - 5:00PM PST
Northern Nevada Office
808 West Nye Lane, Carson City, NV 89703
P: (775) 687-9900
F: (775) 687-9924
Southern Nevada Office
555 E. Washington Avenue, Suite 5400 Las Vegas, NV 89101
P: (702) 486-2700
F: (702) 486-2701