Northern Nevada Expanding Its Roots as a Logistics and Economic Development Hotspot

So Why Are Companies Choosing Northern Nevada?

1. Financial & Tax Advantages of Nevada Among the Best in the US
For new companies looking to locate in Nevada, as well as long-time business residents of the state, Nevada offers a very advantageous tax structure.

In fact, a 2015 Tax Foundation Index has Nevada ranked as the #3 most business friendly tax climate in the country. Some of the many attractive elements of the area’s tax structure include no corporate income tax, no personal income tax, and no franchise tax.

The area offers many additional business incentives including: sales and use tax abatement, abatements for intellectual property development, even real property tax abatement for recycling. Nevada also provides strong incentives for capital investments and “green” building.

2. Nevada is a National West Coast Logistics & Distribution Hub
The afore-mentioned strategic location of Nevada is essential to companies looking to reduce landed costs and meet level of service requirements into their Western US markets.

The old saying location, location, location holds true: Northern Nevada enables 1 day transit to major markets including LA, San Diego, Seattle, Portland and San Francisco, as well as 1-2 day ground transportation capability into all 11 western states – something no other area can lay claim to.

Leveraging the proximity to the west – a vast array of local, regional and national carriers provide intra-and inter-state service across all modes, from parcel to intermodal to priority air cargo. Foreign Trade Zone #126, one of the largest FTZ’s in the country is located in Northern Nevada. The zone includes Alternative Site Framework (ASF), allowing importers and manufacturers additional flexibility, quicker ramp up time, and lower costs when leveraging a foreign trade zone into their supply chain.

3. In Addition to Logistics Infrastructure, Nevada is Well-Equipped for Business in the 21st Century
The abundance of natural and renewable clean energy resources, geographic location, and stable climate makes the region home to some of the largest data center campuses in the world.

The SUPERNAP data center and the SUPERLOOP, a high-capacity, low-latency fiber optic network that connects Reno and Las Vegas to Los Angeles, San Francisco, and Silicon Valley, makes Nevada the most digitally connected state in the country.

Nevada is well-equipped commercially – with the highest square footage of industrial real estate per capita in the United States – comprised of over 70 million square feet of mostly Class A-rated space. Distribution space lease rates in the area stack up quite favorably to other regions, especially as compared with California:

4. An Innovative Business Climate for Growing Companies
True economic development synergy exists between state, regional and local business development entities, and Nevada’s educational system – allowing for innovation in job creation and workforce training.

Tech companies in the region have inserted custom curriculum within the state’s university system to develop workforce-ready pipelines of talent, while the state incents businesses based on job
development and training. Nevada also offers strong tax incentives for companies invested in bringing new jobs to the state.

Additionally, Nevada ranked #8 in a 2014 study of Best States for Doing Business by Chief Executive Magazine. Reasons cited include high scores in taxation and regulations, workforce quality and living environment.

5. Speaking of Climate – Nevada Offers Unbeatable Quality of Life (& Great Weather too)
Northern Nevada, specifically the Reno-Sparks-Tahoe area, is located at the base of the Sierra Mountains, providing access to world-class skiing, hiking, golfing, and water sports in less than one hour’s drive.

With an emerging arts scene, 24-hour entertainment and over 300 days of sunshine annually – the area has something for everyone.

The area has a strong educational system, featuring the University of Nevada – a National Tier 1 University according to US News & World Reports. Northern Nevada also offers a competitive overall cost of living and strong housing market. Overall - Reno NV came in at #10 in Livability.com’s Ranking of 100 Best Places to Live.