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Business & Industry INC PULATION REA PO DU SE RING U 20 NL % 13 2 V EN 7, 5 RO 8 . L 2 C LM 4 S 7 N EN 8 Y 062,2 3 T , 5 E 6 T E 3 NR , G 2 N O 6 A % EW N L I R COM S LM 2 G VE E C E 9 N A A RS N N I L RE T A .6 FR 3 V 3 I N 3 O , M E 3 L IO NR 9 U T OL F A LM 5 N E O S E ALIFO N L C R T R N M T A I U 4 U A S Q . 7 T E A O . o C 0 R C 0 0 9 E M 1 A P 9 FO 0 F G M IN R N O E T O T IN H 1 S S T E N O U E F C O 8 1 I C H G . R O S A 9 T R T N 7 I E 9 M V 0 E A 6 Y S R $ T S 3,086,745,000(ASSISTED BY LVGEA) S E NEW COMPANIES U N I D 26 S N I ANNUAL HOME SALES N 7 U 4 R EMPLOYMENT 5 T E E , W BUSINESS & INDUSTRYO B 7 S 0 & 4 A T , L 7 A 5 E 895,700 las vegas, perspective 9.5% 6 L 7 6 UNEMPLOYMENT 4 0 RATE 6 E M M IS E LU A R LUM VO P TOU VO R M A CO ITOR E L R M VIS G TE S A T M N O M V E 6 H O G M ER M SS O $ . E CI PA 8 R R N AL 7 N . E O $ M A 7 N T F A .6 RR 1 3 0 T M D F RK 9 CA E 4 9 5 M I ET 3 C 0 A C 4 M OC R AN E 5 ,5 7 C D M 7 TION 0 0 U KE A ,8 CONVEN 5 , 9 PA T RK 78 ATTENDANCE 1 0 NC 20 ET 5 2 Y 0 ,0 . % D VA ,2 0 EM CA 7 3 AN NC 0 S M 7 D IN Y R F 1 $ 6 3 DU ATE .1 , ,6 ST 25.7% 5 9 0 RIA TY 0 L M CLARK COUN ENUE ,7 S ARK G REV 24 F ET GROSS GAMIN Economic Development ........................................................ 93 Business Assistance Programs .......................................... 99 Type of New Company 93 Sales And Use Tax Abatement 99 New Company Location 93 Modified Business axT Abatement 99 2014 Boyd Corporate Site Selection Leading Indicator Poll™ 93 Personal Property Tax Origin of New Company 93 Abatement 99 Real Property Tax Abatement For Recycling 99 New & Expanded Companies .............................................. 94 Train Employees Now (TEN) 99 Silver State Works Employee Hiring Incentive 99 Operating Cost ........................................................................ 95 Transportation ......................................................................100 Total Annual High-Tech Operating Cost Rankings* 95 Comparative Annual Corporate Travel Costs 95 Average Daily Departures From McCarran International Airport 100 Rail Delivery Times From Southern Nevada 100 Nevada Taxes .......................................................................... 96 Air Cargo Activity Trend 100 Common Carrier Service 101 Alcoholic Beverage 96 Distance From Las Vegas 101 Business License 96 Car Rental 96 Communications...................................................................102 Cigarette / Tobacco Products 96 Business Registration Fees 96 Major TV Stations 102 Gaming 96 Local Media Website Rankings 102 Lodging 96 Comparative Annual Telecommunications Costs For 800 Service 102 Live Entertainment Tax 96 Major Radio Networks 102 Modified Business axT 96 Las Vegas Designated Market Area (DMA) Ranking 103 Motor Vehicle Fuel 96 Motor Vehicle 96 Banking ...................................................................................104 Property 96 Industrial Insurance 97 Banks in Clark County 104 Insurance Premium 97 Credit Unions in Clark County 104 Sales and Use 97 .................................................................................... Unemployment Insurance 97 Utilities 106 Universal Energy Charge 97 Average Monthly Residential Utility Costs 106 Comparative Real Estate Taxes 98 Electric Power Cost Comparisons Among Major Western Cities 106 General Fund Revenues by Fiscal Year 98 SNWA Infrastructure Charge 106 Monthly Water Costs 107 06-business-industry.indd 91 3/19/14 1:23 PM SUCCESS HAPPENS HERE 702.791.0000 • 800.634.6858 • LVGEA.org 6795 Edmond St. Ste. 260 • Las Vegas, NV 89118 Located in The Rob Roy inNEVation Center powered by Switch 06-business-industry.indd 92 3/19/14 1:23 PM 2014 Las Vegas Perspective BUSINESS & INDUSTRY Economic Development The Las Vegas Global Economic Alliance (LVGEA) is a nonprofit agency that since its inception in 1956 continues 2014 Boyd Corporate Site Selection to diversify and improve the economy of southern Nevada. LVGEA is dedicated to fostering an attractive, ™ business-friendly environment through building key relationships while assisting and targeting new and expand- Leading Indicator Poll ing businesses. Which of the following 11 Western States has the most favorable tax and business climate for new corporate LVGEA receives its primary support from business contributions; however, the scope of the organization’s work is investment? realized throughout the entire community. Along with the help of its members, LVGEA is directly responsible for creating and retaining thousands of stable jobs for southern Nevada residents through recruiting new nongaming STATE PERCENT companies to the area and playing an active role in the local expansion on esisting businesses. NEVADA 18% Utah 18% Over the last five years, southern Nevada realized an economic impact of $1,141,759,162 from 4,400 jobs cre- Idaho 15% ated through LVGEA’s economic development efforts. Wymoning 13% During FY 2012-2013, the Las Vegas Global Economic Alliance and its regional economic development partners Arizona 11% provided start up, expansion and relocation assistance to 62 businesses which will create 2,640 new jobs, Montana 8% provide more than $450 million in new capital investment and generate a total economic impact of more than New Mexico 6% economic development economic $1.5 billion for Southern Nevada. Washington 5% Oregon 3% No state corporate income tax or personal income tax; an educated, expanding, cost-effective workforce; location Colorado 2% and lifestyle lead the list of reasons why companies choose southern Nevada. California 1% Source: The Boyd Co., Inc., Location Consultants, Princeton, NJ. Results are based on responses from C- How important is the attraction of new non-gaming businesses level and other senior executives in public and privately- to the future of Las Vegas? held Western U.S. Fortune 1000 companies. Online poll conducted February 3, 2014 – February 14, 2014. Not important Very important 7.6% 65.3% Type of New Origin of Company New Company Back Office/Call Center 3 Arizona 1 Headquarters 12 California 9 Manufacturing 4 Colorado 1 Somewhat Service 1 Illinois 1 important 27.1% Warehouse/Dist. 4 Maryland 1 Technology 2 Massachusetts 1 TOTAL 26 Montana 1 Nevada 4 New Mexico 1 New Company Ohio 2 Utah 1 Location Washington 1 Clark County 9 Outside U.S. 2 Henderson 10 TOTAL 26 Las Vegas 2 North Las Vegas 5 TOTAL 26 In Spring 2013, American Roll Form Products (ARFP), a manufacturer of custom roll formed products, opened a 40,000 square foot satellite facility in North Las Vegas, at 2020 Mendenhall Drive. The primary focus of this facility is to support customers and projects located in the Source: Las Vegas Global Economic Alliance. Southwestern U.S. market. business and industry » economic development 93 06-business-industry.indd 93 3/19/14 1:24 PM 2014 Las Vegas Perspective BUSINESS & INDUSTRY New & Expanded Companies New Companies COMPANY NAME SIZE (SQ. FT.) EMPLOYEES 5-YR LEASE VALUE* ANNUAL PAYROLL† 1-YR ECONOMIC IMPACT‡ American Key Supply 10,000 5 $204,000 $140,400 $473,970 American Roll Form Products 53,000 23 $858,600 $1,027,125 $8,142,544 Aquatech Pools1 10,278 30 $899,325 $1,950,000 $6,582,915 Block Data Center1 47,000 15 $2,000,000 $900,120 $8,079,169 Bluepoint Solutions 13,580 37 $1,380,000 $1,986,338 $15,975,429 Burke Williams Day Spas 4,974 70 $528,420 $1,732,640 $5,651,257 California Republic Bank 10,500 80 $787,500 $3,311,360 $26,632,128 Canamould Extrusions, Inc. 28,800 15 $654,000 $606,840 $2,048,603 Creative Tent International1 115,000 76 N/A $3,003,520 $20,023,124 Flexible Foam Products1 100,720 50 $6,000,000 $1,872,000 $13,739,120 FTR Systems, Inc. 6,867 25 $168,000 $1,625,000 $7,850,227 Hazair, Inc. 211 13 $14,940 $1,297,920 $3,768,762 Knutek MD 3,610 10 $102,000 $332,800 $3,353,296 LegalMatch.com 4,505 30 $456,807 $1,060,800 $3,080,238 Meridian Specialty Vehicles 11,222 25 $329,940 $1,124,760 $8,413,916 Multilingual Interactive Solutions LLC 140 3 $60,000 $140,026 $406,591 New Wave Enviro Products 21,600 10 $401,760 $322,400 $1,553,997 NextGen Gaming USA LLC 1,000 6 $72,000 $719,971 $1,884,756 Nicholas & Co., Inc.1 200,000 95 $26,200,000 $5,240,352 $17,690,663 new & expanded companies & expanded new Other World Computing 12,000 8 $331,200 $241,280 $795,195 PacLoci, LLC dba ColoxChange LLC 33,000 8 $900,000 $632,320 $5,675,488 Rechargeable Power Energy North America, LLC 12,400 20 $71,424 $728,000 $3,003,618 SolarCity, Incorporated 28,826 90 $4,081,740 $4,225,104 $26,291,515 The Revolution FMO1 8,324 20 $715,000 $2,639,936 $7,665,566 TRES - Telecom Real Estate Services1 3,000 4 N/A $179,962 $1,780,572 V5 Technologies LLP 34,000 16 $3,120,000 $1,022,362 $4,363,630 TOTAL 774,557 784 $14,522,331 $38,063,334 $204,926,289 Source: Las Vegas Global Economic Alliance.
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