Las Vegas Business Climate

Las Vegas attracts new business!

If you are starting a business or looking for a less expensive place to relocate to, Las Vegas is the place to be. Businesses small and large have a great stake in reducing costs and attracting experienced talent; many businesses have found Las Vegas among their top choices.

The following examples show the favorable cost comparison for Las Vegas businesses:

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

Source: Las Vegas Perspective 2003

Many incentives and advantages make Las Vegas attractive to businesses and corporations. The Small Business Survival Index recently ranked Las Vegas 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. Click here to view the full report.

Not only has the state of Nevada been awarded for its business friendly attitude, but the city of Las Vegas has been working hard to earn that reputation too. In fact, the city of Las Vegas has been frequently named as the best place to start a business in the nation! Everything from Entrepreneur Magazine to Inc. Magazine keep saying the same thing: Las Vegas is a great place to do business. D &B and Entrepreneur's 2003" Best Cities for Entrepreneurship" announced that Las Vegas ranks 1st in the West for economic growth and entrepreneurial activity and ranks 11th overall in the nation. Click here to view this report.

"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)." Source: Entrepreneur Magazine http://www.entrepreneur.com/bestcities

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.