Reno, Nevada – A Business-Friendly Place
Companies like Tesla, Switch, Microsoft, Apple, Amazon, Google, Patagonia, Urban Outfitters, Thrive Market, Chewy and Panasonic Energy call Northern Nevada home to some of their most crucial business functions. More companies across the nation are moving here to lower their operating costs and establish themselves in a place where their business can grow and their employees enjoy a lower cost of living. Â See the advantages of moving your company to Reno and to understand why it's a business-friendly location. Download a side-by-side business cost comparison.
Favorable Tax Climate
- No corporate income tax
- No inventory tax
- No franchise tax
- No personal income tax
- No inheritance tax
- No estate tax
- No unitary tax
- No intangibles tax
- No capital gains tax
Reach 60 Million Customers in 1-Day Truck Service
Greater Reno-Sparks area is centrally located in the Western United States and is within 1-day truck service to over 60 million customers and 2-day truck service to 11 states.
Competitive Commercial Utility Rates, >50% Lower Than California
Companies are more profitable when they keep operating costs low. In Nevada, the commercial utility rates are less than half California's. That means companies relocating from California can save over half on their monthly utility costs.
Nevada Business Tax Incentives Supports Primary Industry Sectors
The Nevada Governor's Office of Economic Development (GOED) offers tax incentives to companies that relocate or expand their businesses, subject to meeting the criteria for job creation, average wage, and capital investment, medical benefits. These incentives include,
- Sales & Use Tax Abatement
- Modified Business Tax Abatement
- Personal Property Tax Abatement
- Real Property Tax Abatement for Recycling
- Aviation Parts Tax Abatement
- Data Center Tax Abatement
Silver State Works Training Assistance and Financial Incentives
Nevada's Silver State Works program incentivizes workforce training for companies that relocate or expand in our region and offers three types of funding options.
- Employer-Based Training
- Employer Incentive Job Program
- Incentive-Based Employment
Opportunity Zone Tax Benefits
The Opportunity Zone tax incentive program is designed to encourage new equity, long-term capital investment in low-income areas (certified opportunity zones) by private investors who use a qualified opportunity zone fund and have qualifying capital gains that are eligible for capital gains tax benefits.
3 core tax incentives include:
- Temporary deferral of capital gain
- Step-up in basis
- Permanent exclusion from taxable capital gains income
