Nevada on Business Facilities Online

NEVADA Fast Facts

• Population (2008): 2,600,167
• Largest Cities (2008): Las Vegas, 558,383; Henderson, 252,064; North Las Vegas, 217,253; Reno, 217,016;
   Sparks, 88,602
• Targeted Industries: Clean Energy and Bio-agriculture, Biotechnology and Food Production, Basic Materials and
   Chemicals
• Key Incentives: Renewable and Energy Storage Abatements, Modified Business Tax Abatements
• GDP (All Industry 2008): $131.2 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

NEVADA State Incentives

A Sales and Use Tax Abatement on eligible machinery and equipment is available to businesses with operations consistent with Nevada's state plan for economic diversification and development. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employee heath plans, and wage requirements.

Renewable and Energy Storage Abatements are available for companies involved in the production of energy from renewable sources such as wind, solar, and others, or a facility for the production of an energy storage device. The package of abatements includes sales/use tax and property tax.

Modified Business (Payroll) Tax Abatements provide partial abatement from the payroll tax for new and expanding businesses. Statutory requirements, which must be met to qualify, include a minimum number of jobs created, a minimum capital investment, and wage and employee health plan requirements. Taxes may be abated by 50% for up to four years.

Nevada is authorized to use tax-exempt Industrial Development Bonds (IDBs) to provide low-interest financing of new construction, improvements, rehabilitation, or redevelopment of qualified projects, which include manufacturing facilities and certain other projects organized under Section 501 of the Internal Revenue Service code.

Explore detailed community demographic information at ZoomProspector.com

Business Facilities Articles covering Nevada

Golden State vs. Silver State

2009 Business Facilities Rankings Report

Michigan Wins Wind Power from Nevada

Occupying a New Space in a Changing Real Estate Industry

2008 Business Facilities Rankings Report

Nevada State Resources

STATE CONTACTS

UTILITIES

REGIONAL CONTACTS

COUNTY CONTACTS

CITY CONTACTS

Additional Listings