Find Out More About the Las Vegas, Henderson and Boulder City Area Economy & Job Market 

Tourism and gaming are the two industries that have traditionally propelled the Las Vegas economy, and continue to do so. The Fremont Street Experience is a development project that has transformed downtown Las Vegas into a resort destination and ‘must-see attraction’ that will benefit all of Southern Nevada. Analysts say the new mega-resorts generate about 50 percent of all gaming revenues for Southern Nevada. The downtown hotels have begun an unprecedented round of expansions and improvements to accommodate the Fremont project – huge expansion projects featuring towers, casinos, restaurants, pedestrian walkways, and parking facilities are being planned by major downtown resorts. The revitalization brought to downtown Las Vegas by the Fremont Street Experience will also initiate ongoing investment in smaller businesses, which depend on customer traffic generated by the Fremont hotel-casinos, and more jobs to fill their increasing retail and service requirements.  

Currently the city is also working to diversify the economy and revitalize the downtown area outside the entertainment sector. Attempts to develop large businesses and real estate operations prior to 2000 met with limited success, though growth is continuing. In the early 2000’s signs of economic success emerged. The Internal Revenue Services is moving to the downtown area and will open in 2005 or 2006, and is expected to create a demand for additional businesses in the area. In 2002 a major project, the World Market Center, was announced. It is expected to create a strong influence in the Las Vegas economy and will be competitive with comparable marts in Chicago and San Francisco. The city already has first-rate hotel space to accommodate visitors to the Center.  

Numerous business surveys and reports are recognizing the Las Vegas Valley, which includes the city of Henderson, as one of the top places for businesses to operate, and one of the friendliest places to do business. The state of Nevada is among the top ten states with the most business-friendly tax systems. The area is creating jobs in high-end sectors as well as manufacturing, in large part due to an exodus from the more expensive locales on the west coast. The city of Henderson was rated as a ‘low cost city’ relative to taxes including business license levies, property tax, sales tax, and utility taxes. Henderson is known for its quality planned neighborhoods and business communities, and has been experiencing rapid population growth since 1990. Money is worth more in a state which has no personal income tax - making it an extremely attractive locale for executives to live.
 

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