State Resources


Nevada Business Resources

An especially dry region of the United States known as the Great Basin covers most of the state, while the Mojave Desert is situated in the south. This combination makes Nevada one of the driest states in the union, with most of the state receiving less than 10 inches of precipitation per year. These arid conditions made Nevada a prime testing ground for nuclear weapons, which took place during the cold-war era.

Nevada’s economy had its roots in mining. The discovery of vast silver and gold deposits helped fuel the mining industry and inspired Nevada’s official nickname, “The Silver State”. Gambling and tourism now dominate the state economy, thanks in great part to the legalization of gambling across the state and the proliferation of Las Vegas as a world-renowned hub of entertainment. Other major industries in Nevada include real estate, construction and financial services.

Business Data

Per Capita Real GDP$39,813 Rank: 11/50 (2006)
Population1,998,260 Rank: 35/50 (2000)
Per Capita Personal Income$37,089 Rank: 17/50 (2006)
Unemployment Rate5.50% Rank: 39/50 (2008)
Business Tax Climate IndexRank: 3/50 (2008)
Corporate Tax Rate0
Individual Tax Rate 0
Sales Tax Rate 6.5%

Business Tax Climate Index

Individual Income Tax Index Rank1
Sales Tax Index Rank43
Unemployment Insurance Tax Index Rank41
Property Tax Index Rank13
Business Tax Climate Index3
Corporate Tax Index Rank1

State Information

AbbreviationNV
CapitalCarson City
Nick NameSilver State
State Web Sitehttp://www.nevada.gov
MottoAll for our country

Top 5 Export Partner Countries

Switzerland, Canada, Japan, Mexico, China

Top 5 Export Merchandise

Computers and Electronic Products Sales Transportation Equipment Sales Computers and Electronic Products Manufacturing Transportation Equipment Manufacturing Machinery Manufacturing

Major Cities

Henderson, Las Vegas, Reno

GDP

Total Gross Domestic Product (USD Millions) $127,213.00 (2007)
Per Capita Real GDP (USD)$40,210.00 Rank: 14 (2007)

Population Stats

Population 2,600,167 Rank: 35 (2008)

Age Distribution

Under 18 Population511,799
Under 18 Percent of Total Population26%
65 and older Population218,929
65 and older Percent of Total Population11%

Gender Distribution

Male Population50.9%
Female Population49.1%
Non-English Speaker (at home)334,335
Net International Immigration66,098
Birth Rate15.1%
Percent of People Under Poverty Level11.1%
Rank36

Expenditure

Per Capita State Spending$7,742
Rank49
Energy Expenditures per Person$4,012
Expenditures of State and Local Government Employee-Retirement Systems$814,736

Revenue

Personal Income$33,145
Rank17
State Internal Revenue Collection$19,619,012
Rank32
Cash and Deposits by State Government$439,712
Per Capita State Tax Collection$2,511
Rank17

Education

High School Graduation Rate50.5%
Rank50
Percent of Population with a Bachelor's Degree13.9%
Rank43
Percent of Population with an Advanced Degree7%
Rank45

Largest Universities

Great Basin College University of Nevada, Las Vegas University of Nevada, Reno
High School Graduation Rate50.5%

Logistics

Public Road Length (Mile)33,703
Gas Tax Rate (%)24.8%
Highway Planning and Construction (USD Thousands)212,782
Number of Public Airports50

Main Airports

LAS: Las Vegas RNO: Reno

Ports

Weather


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State Business Links

Las Vegas Sun
http://www.lasvegassun.com

Secretary of State

Small Business Administration

Nevada Small Business Administration
http://www.sba.gov/localresources/district/nv/index.html
SBA has ten regional offices around the country that provide leadership, management and administration of all SBA activities conducted within their respective regional areas.

Top 10 Business Links

Nevada Business Journal
http://www.nbj.com/
This site provides detailed news articles on business in Nevada, including longer feature articles and short news updates.
Nevada Commission on Economic Development
http://www.expand2nevada.com/
This website provides information on what makes Nevada a good place to do business. Information covers many areas of interest such as transportation, quality of life, cost of living, energy and water, workforce and education, technology, and various business incentives.
Nevada Small Business Development Center
http://www.nsbdc.org/
The Nevada SBDC aims to help small business in Nevada. It offers counseling services on all manner of business matters affecting forming or existing small businesses at low or no cost. Training workshops and seminars are also offered, and the website provides access to data, statistics, and research, a wealth of business tools, and a detailed FAQ section.
Northern Nevada Business Weekly
http://www.nnbw.biz/
This site provides business news articles and updates relating to northern Nevada. Previous articles are available through the archive as well.
U.S. Export Assistance Center of Nevada
http://www.buyusa.gov/nevada/
The Nevada branch of the Department of Commerce specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided. Events, news, and international trade links are provided free.
University Center for Economic Development
http://www.ag.unr.edu/uced/
This center is responsible for performing economic development research, and providing assistance and educational services. The website contains a lot of freely available data from their research.

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