|
Las Vegas is a business-friendly city with a diverse population, an alluring business climate, and a competitive tax structure. With more than 32 million visitors to Las Vegas a year, there are plenty of business opportunities.
Las Vegas ranked sixth of 25 cities likely to have the country's highest employment growth over the next five years, according to a Forbes Magazine study. The city has ranked #1 in high-tech job growth since 1990. The construction industry continues as a major employer in Southern Nevada as demands for residential, resort, office, and industrial space continue to increase. It is estimated that 6000 new residents move to the Las Vegas area each month and residential construction is valued at more than $2 billion annually. Commercial construction exceeds this figure.
The trademark industry of Las Vegas, gaming, serves as the catalyst for the majority of the valley's phenomenal growth and economic success. Each completion of the megaresorts on The Strip generates thousands of new jobs. The tourist and entertainment venues and hotel and casino resort properties supply a constant demand for jobs as well as creating a wealth of new business oppurtunities.
Las Vegas has experienced a rise in new ventures ranging from small innovative businesses to multi-million dollar investments. Las Vegas also enjoys a favorable cost of living, affordable housing and taxes that are among the lowest in the nation. The city of Las Vegas encourages business diversification and works closely with entrepreneurs to provide the necessary information needed to get a business off the ground.
The city of Las Vegas works closely with a variety of other government agencies and business organizations that also cultivate new commerce such as the U.S. Small Business Administration, the Nevada Development Authority, the Las Vegas Chamber of Commerce, Henderson Chamber of Commerce, North Las Vegas Chamber of Commerce, Latin Chamber of Commerce and Urban Chamber Commerce. |
