LATEST HEADLINES
Reno-Sparks Named One of America's Hottest Cities - Expansion Management Magazine Announces 50 Best Cities for Business Recruitment and Expansion
- Expansion Management magazine names Reno-Sparks one of America’s 50 Hottest Cities to relocate or expand a business. The magazine’s annual poll surveyed 80 national site location consultants to determine the top 50 cities out of a list of 362 Metropolitan Statistical Areas. The cities that comprise America’s 50 Hottest Cities represent the top 14 percent of all metros in the United States.
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New Survey of Washoe County Advanced Manufacturing and Logistics Companies Shows Future Expansion
A survey of Washoe County advanced manufacturing and advanced logistics companies indicates continued job growth and expansion the next three years. The survey, conducted by Business Builders, a volunteer-driven economic development program encouraging the growth and stability of local business for the Economic Development Authority of Western Nevada (EDAWN), reports that the 79 manufacturing and logistics companies surveyed project future expansion resulting in 1,334 new jobs, more than 1.5 million additional square footage and nearly $180 million in new capital investment by 2010. Read Full Story
Northern Nevada Business Climate Thriving
"An initial assessment of Northern Nevada's business climate is in, and the results released Tuesday held no surprises: strong job growth, great proximity to California and a "tremendous" quality of life..." Read Full Story
Chief Executive Magazine Ranks Reno #2 In Nation
"For the second straight year, Chief Executive magazine has tabbed Nevada second among the best states for business. The poll of more than 300 executives focused on employment, costs and business conditions in picking the best and worst among the 50 states." - Read Full Story
The Nevada Commission on Economic Development released its FY 2003/2004 biennial report on January 5. The report shows 143 companies moved or expanded to Nevada creating 6,752 new jobs and had an impact of more than $3.2 billion for Nevada-based businesses. Download the report here. |
NEVADA PROFILE
THE HARD FACTS
Just look at some of the hard facts, compared with our neighboring state of California;
· Nevada’s workers’ comp rates lowered an average 9.1 percent in 2004
· Nevada’s power costs are on average 28 to 36 percent lower than California’s
Labor
· Nevada is the second in the nation to have the highest job growth rate for the
past five years
· Workforce of nearly 1.2 million
· In August 2004, Nevada’s unemployment rate was 4 percent, well below the
U.S. unemployment rate of 5.4 percent and California’s unemployment rate of 5.8
percent.
· Situated at the hub of the 11-state western region, Nevada is ideally located for
companies seeking cost-effective, rapid access to major domestic and
international markets
· Nevada is ranked number two in the nation as the best place to grow a business
according to the Small Business Survival Index 2003. Added to the lists of lower
taxes, electricity rates and work comp rates, Nevada has lower health care costs
and fewer bureaucrats to impede the process
.Click Here for More Rankings |
