One of the major perks of doing business in Nevada is its tax climate. The state comes in at number nine on the Tax Foundation’s 2019 State Business Tax Climate Index. It’s also recognized on that list for its low property taxes. There’s no corporate or individual income tax in Nevada.
The attraction of Nevada goes well beyond taxes. The Silver State boasts a strong infrastructure with low electricity costs and highly rated transportation. There’s a strong tourism industry, which brought almost 50 million visitors to the state in 2016. US News & World Report ranks the state highly for its economy, and Forbes notes its exceptional growth prospects. Nevada’s population is growing, which means that its labor pool is expanding. Its population growth is projected to be the highest in the US through the year 2021.
Business owners starting out in Nevada will enjoy a blossoming workforce, a bold economic future, and low costs to boost their success. You can take full advantage of all Nevada has to offer when you speak with a FranNet consultant. Our local experts know Nevada, and they’re ready to help you choose the best possible business for you.