Sunday, October 27, 2013

A Tale of Two States, CA and NV: Part II continues their reporting on CA/NV:
Nevada’s pitch to firms interested in expanding or relocating to the state is simple. The state has some of the lowest taxes in America. California’s top income tax rate is 13.3 percent; Nevada has no state income tax.

Nevada’s regulations are limited. Given the state’s size, working with government is quick and easy (California businesses often complain about how long routine approvals take). Some firms — though certainly not all — are coaxed with even more tax incentives. And Las Vegas — known for its tourism, as well as the benefits that come with being a large metropolitan area — has always been a major selling point.

A patchwork assortment of agencies remains tasked with selling that message to firms that might want to expand or grow in Nevada.

At the top is the Governor’s Office of Economic Development. Historically, the lieutenant governor was tasked with running economic development in Nevada, but 2011 legislation centralized power in the governor’s office by creating the OED.

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