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las vegas perspective

ECONOMIC DEVELOPMENT & BUSINESS ENVIRONMENT

2015 las vegas perspective

economic overview 1042014 Annual Average Labor Statistics .................104Gross Regional Product ......................................104Diversity Index: Las Vegas MSA ..........................1042015 Boyd Corporate Site Selection Leading Indicator Poll™ .....................................104

economic development 105Las Vegas Global Economic Alliance ....................105Target Industries ................................................106

new & expanded companies 106business assistance programs 108

Business Assistance Programs ...........................108Innevation .........................................................109Downtown Project .............................................110An Innevation Perspective ..................................111

operating costs 111Total Annual High-Tech Operating Cost Rankings ....................................111Comparative Annual Corporate Travel Costs .........111

nevada taxes 112Alcoholic Beverage ............................................112Business License ...............................................112Car Rental .........................................................112Cigarette/Tobacco Products ................................112Business Registration Fees .................................112Gaming .............................................................112Lodging .............................................................112Live Entertainment Tax .......................................112Modified Business Tax ........................................112Motor Vehicle Fuel .............................................112Motor Vehicle ....................................................112Property ............................................................113Industrial Insurance............................................113Insurance Premium ............................................113Sales and Use ...................................................113Unemployment Insurance ...................................113Universal Energy Charge ....................................113Comparative Real Estate Taxes ...........................114General Fund Revenues by Fiscal Year ................114

transportation 115Western Market Outbound Shipping Costs ...........115Distance From Las Vegas ...................................115Rail Delivery Times From Southern Nevada ..........115Air Cargo Activity Trend ......................................115McCarran International Airport ............................116Common Carrier Services ..................................117

communications 119Major TV Stations...............................................119Local Media Website Rankings ...........................119Comparative Annual Telecommunications Costs For 800 Service .................................................119Major Radio Networks ........................................119Broadband Demographics ..................................121Cox Communications, Inc. ..................................121CenturyLink, Inc. ...............................................121Las Vegas Designated Market Area (DMA) Ranking ...............................121Broadband Providers ..........................................121Wireless Providers .............................................121

utilities 122Average Monthly Residential Utility Costs .............122Average Monthly Residential Utility Costs Electric Power ...................................................122Average Monthly Residential Utility Costs Water ................................................................122Electric Power Cost Comparisons Among Major Western Cities ...................................................122A Southern Nevada Water Authority Perspective ...122Monthly Water Costs ..........................................123Southern Nevada Water Authority (SNWA) ............124SNWA Infrastructure Charge ...............................124

banking 126Banks in Clark County ........................................126Credit Unions in Clark County .............................126Annual Financial Services Back Office Cost Rankings .................................126

2015 Boyd Corporate Site Selection Leading Indicator Poll™

Please select the option below that best describes southern Nevada’s reputation as a strong place to do business:

Source: LVGEA.

Other » 5.27%This is a good place to do business but no one knows it. » 20.62%

People in the US understand this is a good place to do business. » 23.80%Only locals understa

nd this

is a g

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3.08

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Which of the following 11 Western States has the most favorable tax and business climate for new corporate investment?

Source: The Boyd Co., Inc., Loca-tion Consultants, Princeton, NJ. Re-sults are based on responses from C-level and other senior executives in public and privately-held West-ern U.S. Fortune 1000 companies. Online poll conducted February 12, 2015 – February 16, 2015.

STATE PERCENTNEVADA 21%Utah 15%Idaho 14%Wyoming 14%Arizona 12%Washington 7%New Mexico 7%Montana 4%Oregon 4%Colorado 1%California 1%

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ECONOMIC DEVELOPMENT & BUSINESS ENVIRONMENT2015

economic development & business environment » economic overview

economic overview

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2014 Annual Average Labor StatisticsMETROPOLITAN AREA TOTAL EMPLOYMENT (IN THOUSANDS) JOB GROWTH* (IN THOUSANDS) AVERAGE WEEKLY EARNINGS** UNEMPLOYMENT RATESalt Lake City, UT 655 15.3 $913.60 3.7%LAS VEGAS, NV 883 33.5 $699.30 7.8%Denver, CO 1,343 47.4 $984.56 4.9%Phoenix, AZ 1,853 41.5 $828.45 6.0%San Francisco, CA 2,186 74.5 $1,135.38 5.2%Houston, TX 2,925 97.5 $990.20 4.9%Los Angeles, CA 5,722 133.1 $933.31 7.6%

Source: United States Bureau of Labor Statistics. Notes: *Change from 2013 to 2014. **Private Employment Only.

Gross Regional Product (in Millions)METROPOLITAN AREA 2010 2011 2012 2013Salt Lake City, UT $64,383 $67,823 $73,463 $76,185LAS VEGAS, NV $85,236 $85,484 $89,083 $92,991Denver, CO $154,629 $160,665 $168,747 $178,860Phoenix, AZ $183,248 $192,242 $203,531 $209,523San Francisco, CA $334,610 $347,758 $378,188 $388,272Houston, TX $402,383 $447,911 $489,186 $517,367Los Angeles, CA $757,003 $775,823 $805,437 $826,826

Source: United States Bureau of Economic Analysis (latest available).

YEAR2010 63.32011 62.92012 64.12013 65.32014 65.5

‘10 ‘11 ‘12 ‘13 ‘14

63.362.9

64.1

65.365.5

Diversity Index: Las Vegas MSA

Source: Nevada Department of Employment, Training and Rehabilitation; United States Bureau of Labor Statistics and Applied Analysis.

Las Vegas Global Economic AllianceThe Las Vegas Global Economic Alliance (LVGEA) is a 501(c)(6) nonprofit membership organization dedicated to developing the economies of Las Vegas, Clark County, Henderson, North Las Vegas, Boulder City, and Mesquite through regional cooperation, global trade, and global connectivity. LVGEA is dedicated to fostering an attractive, business-friendly environment through building key relationships while assisting and targeting new and expanding businesses.

LVGEA is designated by the State of Nevada as the regional development authority for Southern Nevada, and as such, is the central clearinghouse for all economic development efforts in Clark County. LVGEA is the author of Southern Nevada’s Comprehensive Economic Development Strategy (CEDS), a document that was recognized by all municipal governments in the region as the official economic development plan for Southern Nevada. The plan aligns with the State Economic Development Plan and directs local governments and community organizations to focus their business recruitment and expansion efforts on the following industry clusters:

› Gaming, Tourism, and Conventions

› Logistics, Manufacturing, and Assembly

› Health Care and Life Sciences

› Business and IT Ecosystems

› Clean Technology

› Defense and Unmanned Aerial Systems

› Global Finance, Banking, and Business Services

LVGEA receives its primary support from the State of Nevada and contributions from private sector investors. In 2014, Southern Nevada realized an economic impact of $558 million from 3,812 jobs created by 33 firms assisted by LVGEA and its public sector partners. The LVGEA is located in the Innevation Center powered by Switch SUPERNAP.

Established: 2013

Leadership: Tom Skancke, CEO; Jonas Peterson, President and Chief Economic Development Officer; Ray Specht, Board Chairman, Vice Chairman; Toyota Financial Savings Bank

Employees: 15

Annual Budget: $5.1M

Mission: To grow the economy in Southern Nevada through connectivity, community development, and aggressive business recruitment, retention, and outreach.

Services Provided: In-depth market information, business recruitment, business retention and expansion, assistance with tax incentives, economic development marketing, and public policy research

Economic Impact: In 2014, the LVGEA assisted the relocation or expansion of 33 firms in Southern Nevada. Those firms created 3,821 jobs, producing a one-year economic impact of $558,675,070.

PHOTO – Las Vegas Mayor Carolyn Goodman cuts the ribbon at the grand opening of Asurion, a new technology center located in the City of Las Vegas.

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ECONOMIC DEVELOPMENT & BUSINESS ENVIRONMENT 2015

economic development & business environment » economic development

economic development

economic development

Technology: Southern Nevada’s tech industry is recognized for its entrepreneurship and innovation. Developing tech firms enhances competitiveness across industries, making it crucial for the region to promote and foster development within the tech sector.

Clean Technology: Southern Nevada is a national leader in renewable energy and water conservation. With over 300 days of sunshine, the region has a unique environment in which to expand solar energy. The region also contains a leading water industry with expertise in managing water in a dry environment.

Gaming, Tourism, and Conventions: Southern Nevada’s economy has long thrived with its chief industries in gaming and tourism. Every year, over 40 million tourists visit Las Vegas and enjoy its casinos and resorts. Las Vegas is also the top convention destination in the nation. The region should strengthen this sector to help grow this critical component of the regional economy.

Logistics, Manufacturing, and Assembly: Southern Nevada is one of the most globally connected regions in the United States. It has excellent rail and road connections to some of the largest ports on the West

Coast and is home to the world’s ninth busiest airport. The region’s low cost makes it one of the prime destinations for manufacturing and logistics industries.

Aerospace, Defense, and UAVS: Southern Nevada hosts some of the Air Force’s premier training bases and counts the military as one of the region’s largest employers. The Federal Aviation Administration recently designated Nevada as an unmanned aerial vehicle test site in recognition of its excellent climate and location for flying.

Healthcare and Life Sciences: Southern Nevada is home to some of the best doctors in the world. The region hosts a wide variety of private and public medical schools that look to educate the future leaders in the medical field, and there is tremendous regional growth potential within this industry.

Global Finance, Banking, and Business Services: Las Vegas has a global brand that helps attract people from all over the world. This makes Southern Nevada a hub for anyone looking to do business globally. Incorporation laws and a favorable operating environment make it an ideal location for the financial services and banking industries.

Target IndustriesThe Las Vegas Global Economic Alliance focuses on targeting industries that provide the most growth potential and help diversify the economy of Southern Nevada. Economic diversification enhances regional competitiveness in the global economy while also helping attract and retain a talent pool that will help further develop the region.

A central part of the Las Vegas Global Economic Alliance’s mission is to help attract, expand, and retain businesses in Southern Nevada. The organization’s staff dedicate their time to marketing Southern Nevada as an attractive business location and assisting clients in every facet of relocating to or expanding in the region. In 2014, the LVGEA assisted 33 companies, which helped create 3,800 jobs in our region. These companies made a collective capital investment of $444 million in our region and are expected to have a $523 million one-year economic impact. These companies are:

As the regional development authority for Southern Nevada, the Las Vegas Global Economic Alliance works with economic development divisions of local governments, including Clark County, the City of Las Vegas, the City of North Las Vegas, the City of Henderson, Boulder City, City of Mesquite, and Laughlin. These partners helped additional companies relocate or expand in Southern Nevada. Those companies include:

› Kareo

› EBC Brakes

› Original Diva

› Dapper Industries

› PurFoods

› Occuscience

› Asurion

› Linden Inc

› Exhibition Freighting

› Advanced Diagnostics

› Living Ecology

› Las Vegas Events-International

› Trade Support

› Rival Boxing

› Tridim

› Security Partners

› Bingham & Taylor

› C3 Customer Contact

› Chrome Factory

› SHFT Global

› ACG dba Nevada ATM

› APAC Customer Service

› St. Josephs Health

› Catamaran

› Advanced Refining Concepts LLC

› TH Foods

› Sofidel

› HMS Holdings Corp

› Take 2 Interactive

› Bed Bath & Beyond

› CPS

› K2 Energy

› Switch

› Erickson International

› Volt Lighting

› Prism Medical

› Bier Garten

› Local Motors

› Root Brothers

› Shop247.com

› Barney Trucking

› Delta Academy

› Noah Carson Advertising

› Ashley Furniture

› Unilever

› Expertise Cosmetology

› Sofidel America Corp

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new & expanded companies

• City of Las Vegas

• City of North Las Vegas

• City of Henderson

• Clark County

• City of Boulder City

• Mesquite Regional Business

• Laughlin Economic Development Corporation

• Governor’s Office of Economic Development

• University of Nevada Las Vegas

• Nevada State College

• College of Southern Nevada

• NV Energy

• Southwest Gas

• Southern Nevada Water Authority

• Nevada’s Department of Employment Training and Rehabilitation

• Nevada Industry Excellence

• Workforce Connections

• Nevada Small Business Development Center

• Nevada Department of Business and Industry

We created BizCONNECT – Southern Nevada’s first regional business retention

and expansion program – to give you access to resources that support the growth,

job creation and capital investment vital to strengthen our local economy. Think of it

as a one-stop shop for the resources that will help you succeed.

LVGEA is proud to offer BizCONNECT as a free service to Clark County businesses.

Before expanding your business in Southern Nevada, contact the Las Vegas Global Economic Alliance. Leverage resources and relationships that will take your business even further.

BIZCONNECT IS POWERED BY OUR VALUABLE PARTNERSHIPS:

For more information on BizCONNECT visit LVGEA.org or call 702.791.0000.

CONNECTYOUR BUSINESS

Business Assistance ProgramsThe Las Vegas Global Economic Alliance, in partnership with the Governor’s Office of Economic Development and local communities, offers a variety of incentives to help qualifying companies make the decision to do business in the region, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants.

SALES AND USE TAX ABATEMENT

Sales and use tax abatement on qualified capital equipment purchases, with reductions in the rate to as low as 2 percent.

MODIFIED BUSINESS TAX ABATEMENT

An abatement of 50 percent of the 1.17 percent rate on quarterly wages exceeding $85,000.

PERSONAL PROPERTY TAX ABATEMENT

An abatement on personal property not to exceed 50 percent over a maximum of 10 years.

REAL PROPERTY TAX ABATEMENT FOR RECYCLING

Up to 50 percent abatement for up to 10 years on real and personal property for qualified recycling businesses.

TRAIN EMPLOYEES NOW (TEN)

Matching grants of up to 75 percent for training programs for eligible employees.

SILVER STATE WORKS EMPLOYEE HIRING INCENTIVE

Employers can receive as much as $2,000 for each state-qualified employee hired.

Las Vegas Global Economic Alliance

(702) 791-0000 or Toll Free (888) 466-8293

6795 Edmond St., Ste. 260, Las Vegas, NV 89118

www.lvgea.org

Nevada Governor’s Office of Economic Development

(775) 687-9900 or Toll Free (800) 336-1600

808 West Nye Lane, Carson City, NV 89703

www.diversifynevada.com

Nevada Department of Taxation

(775) 684-2000

1550 College Parkway, Carson City, NV 89706

www.tax.state.nv.us

1 Southern Nevada (2.37 average rank)

2 Phoenix (2.98)

3 Denver (3.01)

4 Salt Lake City (3.25)

5 Southern California (3.39)

Do you believe ridesharing services like Uber and Lyft should be allowed to freely operate in the community even if that means cab drivers will make less money?

Please select from the option below that best describes you and your possible interest in starting a business.

Please rank the following regions according to how friendly you feel they are towards businesses. 1 if most friendly; 5 is least friendly.

Yes » 74.91%

No » 25.09%

I currently havemy own business

18.82%

I would like to starta business but haven’t yet tried

31.47%

I am not interestedin starting a business

40.04%

I have started a business before and it didn’t work out, but I want to try again

9.66%

Source: LVGEA.

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InnevationThe Innevation Center is a 65,000-square-foot collaborative workspace and community event venue driving Nevada’s new innevation economy, donated to the community by Switch Founder and CEO Rob Roy.

As the most successful technology entrepreneur in Nevada’s history, Rob Roy created The Innevation Center as a result of his passion for enabling a more diverse Nevada economy. He fashioned the initiatives of Innevation after his patented world-renowned data center ecosystem, SUPERNAP. He is “paying forward” the success of Switch by helping to empower Nevada’s next generation of economic leaders.

Emerging tech companies, global powerhouse brands from SUPERNAP, economic developers, educators, community stakeholders, and universities collaborate at The Innevation Center to move Nevada forward. Collaboration occurs at events, Meetups, education series, CommunityCation Luncheons or simply in the everyday interactions of colocating members.

Because Rob Roy believes education is Nevada’s number one driver for economic development at this time, Innevation has chosen education as the foundation of its current initiatives and is collaborating on several missions. Learn more about the Innevation Initiatives at www.innevation.com.

Founder: Rob Roy, CEO and founder of Switch

Established: 2012 as the philanthropic contribution of Rob Roy to the state of Nevada

Mission: To boost and diversify Nevada’s economy and move the state forward

Services Provided: Collaborative workspace, meeting rooms, and event space

Space Capacity: Conference rooms up to 20 people; event space up to 150 people

Members: 250+ individual members across 70+ companies, nonprofits and education institutions

Highlights: $100,000+ in space donated in 2014 to Clark County School District for teacher & administrator training and professional development programs; 20+ tech- and business-focused Meetups sponsored monthly

Website: www.innevation.com

INNEVATION MEMBER SPOTLIGHTS

Banjo is the world’s largest collection of social signals organized by time, location, and content.

Originate partners with forward-looking enterprises and high growth startups to design, build, and invest in ambitious software products and companies.

JusCollege is the easiest way for students to plan, organize and book travel and entertainment experiences.

Tap Slots is a mobile casino games company and developer of Slot Galaxy HD Slot Machines, available for Android, iOS, Amazon, and Facebook.

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Downtown Project Downtown Project (DTP) is a $350 million investment into helping with the revitalization of Downtown Las Vegas. DTP’s goal is to help make Downtown Las Vegas a place of inspiration, entrepreneurial energy, creativity, innovation, upward mobility, and discovery, through the pursuit of social collisions, co-learning, and connectedness in a long-term, sustainable way. Inspired and funded by Zappos CEO Tony Hsieh, DTP is now in its third year and serves as an owner or investor providing funding and support to more than 300 businesses and legal entities in Downtown Las Vegas. Those businesses and legal entities collectively employ more than 900 people and have created an estimated $118.9 million in recurring economic output since 2012. A number of entities are wholly owned and operated by DTP Ventures, the organization that operates DTP’s wholly owned entities and provides support services to entities within the ecosystem, including VegasTechFund and Downtown Project Small Business Fund investments. DTP Ventures and its entities employ more than 300 people.

In addition to its wholly owned businesses, DTP has invested in approximately 50 businesses through its small business fund and more than 100 tech companies through its tech investment arm, VegasTechFund. DTP-owned companies seek to facilitate creativity and social collisions in the Downtown Las Vegas environment and include hospitality properties like Gold Spike and Oasis at Gold Spike, retail properties like Downtown Container Park, and community building properties like The Market. DTP-supported small businesses include a number of restaurants, services, lifestyle shops, and clothing stores. DTP-affiliated ventures like 9th Bridge School, a downtown private school, and Turntable Health, a membership-based health care service, are fundamentally changing the community into a more social, supportive, and cooperative place. To learn more about Downtown Project, visit www.downtownproject.com.

Established: 2012

Leadership: Tony Hsieh; Mark Rowland, CEO of DTP Ventures

Employees: 300+ direct; 900+ supported

Mission: To help make Downtown Las Vegas a place of Inspiration, Entrepreneurial Energy, Creativity, Innovation, Upward Mobility, and Discovery, through the 3 C’s of Collisions, Co-learning, and Connectedness in a long-term, sustainable way.

Services Offered: Business recruitment, business financing, community development

Economic Impact: DTP businesses have created an estimated $118.9 million in recurring economic output since 2012.

PHOTOS – 1. (left) Experience Downtown Container Park, a unique, open-air shopping center filled with boutique retail shops, restaurants, and live entertainment located at 707 Fremont St. 2. (right) The Living Room at Gold Spike is equipped with WiFi, pool, shuffleboard, and cornhole.

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The opportunities for Innevation over the next two years are limitless. Since 2012, we have had more than 100 companies join our growing collaborative community and we expect to see many more. We are proud to help Nevada’s successful startups evolve into powerhouse companies and to help make our state a competitive technology hub.

We are also proud to have donated over $100,000 worth of space to the Clark County School District in 2014 and we expect to double that amount in 2015. Improving education in the state of Nevada is at the forefront of our Innevation Initiatives. We partner with education institutions like UNLV, CSN, and NSC as well as organizations like the Nevada STEM Coalition, STEAM Engine, Nevada Succeeds, the Fulfillment Fund, the Brookings Institution and more in an effort to advance our state’s education system.

As the philanthropic contribution of Switch CEO and Founder Rob Roy, Innevation will continue to fulfill its mission of boosting and diversifying Nevada’s economy, following the solutions that have made Switch so successful: innovation and collaboration.

An Innevation PERSPECTIVE

What are the biggest opportunities for your organization in the next two years?

LOCATION TOTAL ANNUAL OPERATING COSTSan Francisco, CA $36,904,420Northern, NJ $35,306,200Stamford, CT $34,679,385Washington, DC $34,376,460Boston, MA $33,520,304Chicago, IL $32,235,265Minneapolis/St. Paul, MN $31,704,057Seattle, WA $31,670,740Columbus, OH $29,607,044Denver/Boulder, CO $29,200,934Portland, OR $28,932,019Pittsburgh, PA $28,857,110Houston, TX $28,298,792Dallas/Ft. Worth, TX $27,991,132LAS VEGAS, NV $27,217,762

Source: The Boyd Co., Inc., Princeton, NJ. Notes: *The 15 cities analyzed are those housing large concentrations of corporate and entrepreneurial high tech-nology investment and jobs. Total operating costs in the table are based on a representative high technology center in the information sciences field employing 200 workers and occupying 100,000 sq. ft. of high tech office space.

LOCATION TRAVEL COST INDEX* TOTAL ANNUAL COST†

New York, NY $451.44 $234,750Boston, MA $421.29 $219,071Washington, DC $406.96 $211,619Newark, NJ $397.80 $206,856Fairfax, VA $388.62 $202,082Stamford, CT $384.59 $199,987Philadelphia, PA $344.33 $179,052Denver, CO $336.19 $174,819Minneapolis, MN $333.30 $173,314Houston, TX $330.64 $171,934LAS VEGAS, NV $308.13 $160,229

Source: The Boyd Co., Inc., Princeton, NJ. Notes: *Reflects on-site cost struc-tures typically incurred by corporate travelers, such as business traveler lodging, meals, rental car, local transit, and other incidental costs. †Annual costs are based on an average of 10 billable per diem travel days per week in each of the surveyed cities.

Total Annual High-Tech Operating Cost Rankings*

Comparative Annual Corporate Travel Costs

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operating costs

economic development & business environment » operating costs

operating costs

Alcoholic BeverageExcise tax on importation, processing, storing or selling of all liquor (including beer). Malt beverages are taxed at 16 cents per gallon and liquor is taxed from 70 cents to $3.60 per gallon depending on the alcohol content. Sales tax is collected on the retail price. A state license fee of $100 is paid annually.

Business LicenseA state license fee is paid annually. The fee is currently $200 through June 30, 2015, when it is scheduled to revert to $100. The county and cities also impose a business license fee on businesses in their jurisdiction. The fee is generally based on the type of business (i.e., retail, professional, hotel, etc.)

Car RentalThe state fee is imposed at 10 percent on the short-term rental of a passenger car. Both Clark and Washoe counties levy an additional 2 percent for authorized projects. Ten percent is remitted to the state general fund. Additional airport fees apply.

Cigarette/Tobacco ProductsThe excise tax on cigarettes is 4 cents per cigarette, which equates to 80 cents per package of 20. Other tobacco products are taxed at 30 percent of the wholesaler’s cost. Sales tax is also collected on the retail price.

Business Registration FeesFees for filing articles of incorporation or agreements of consolidation providing for shares apply in Nevada. The rate is based on the value of the shares with a minimum fee of $75 and a maximum fee of $35,000 (example: total value of shares - $75,000 or less, the fee is $75; $200,000 or less, the fee is $175; total value of shares over $1 million, the fee is $375 plus $275 for each additional $500,000 or fraction there of not to exceed $35,000). Fees for the Annual Filing are the same as for filing the articles of incorporation; however, the maximum fee is $11,100. Non-par value stock is assigned a value of $1 per share for the purpose of computing the fee. Fees are the same for domestic and foreign corporations. Fees are also imposed upon Limited-Liability Companies, Limited Partnerships, Limited-Liability Partnerships, and Business Trusts. Contact the Nevada Secretary of State office for additional information.

GamingThere are five principal types of gaming taxes. Gross gaming revenue tax, table tax, and slot taxes are levied by the state. In addition, gaming fees are levied by the county and local governments. For more information, contact the Nevada Gaming Control Board.

LodgingA statewide tax of 1 percent of gross receipts is imposed on the rental of hotel and motel rooms. This is in addition to any locally imposed room taxes which range from 7 to 13 percent. In Clark County, the total combined rate ranges from 10 to 13 percent.

Live Entertainment TaxImposed at locations where live entertainment is provided for which there is an admission, cover, or table charge. The rate is 10 percent if maximum occupancy at a facility is less than 7,500 and that rate is also imposed on food, beverage, and merchandise. If the maximum occupancy is 7,500 or more, the rate is 5 percent and is not imposed on food, beverage, or merchandise. For non-gaming establishments there is no tax imposed if the maximum occupancy is less than 200.

Modified Business TaxThe tax is based on gross payroll paid in the calendar quarter and imposed on businesses in Nevada who are required to make unemployment insurance contributions to the Nevada Department of Employment Security. General Business employers pay a tax rate of 1.17 percent on gross wages reported over $85,000 in a quarter. This percentage is scheduled to revert to 0.63 percent of all gross wages reported in a quarter, effective June 30, 2015. Financial Institutions pay a rate of 2 percent. The employer can deduct any costs for providing a qualified employer-paid health care plan.

Motor Vehicle FuelGasoline and gasohol are taxed at 23 cents per gallon. Additional county taxes range from 5 cents to 10 cents per gallon. Diesel, kerosene, biodiesel, and biodiesel blends are 27 cents per gallon, liquid petroleum and butane are 22 cents per gallon, compressed natural gas is 21 cents per gallon, and water-phased fuel is 19 cents per gallon.

Motor VehicleFees are annual and must be paid on all vehicles at the time of registration.

Governmental Service Tax

This tax is in lieu of personal property tax. The valuation of the vehicle is determined at 35 percent of the manufacturer’s suggested retail price, without accessories. Vehicle value is depreciated to 95 percent after the first year and graduated down to 15 percent after nine years. Buses, trucks, and truck trailers depreciate down to 85 percent after the first year and down to 23 percent after 10 years. The rate imposed by the state is 4 cents on each $1 valuation. Counties may levy up to one cent on each dollar of valuation, but the total tax imposed cannot exceed 5 cents on each dollar of valuation.

Registration

Passenger cars, motorcycles, travel trailers, low speed, and electric vehicles and trucks with a gross vehicle weight less than 6,000 pounds pay $33 per year. Rates on trucks vary from a low of $38 for a truck with a gross weight of 6,000 pounds to a maximum of $1,360 for a truck with a gross weight of 80,000 pounds.

The low-tax climate in Nevada is one of the most cited reasons to do business in the state. This tax structure also clearly distinguishes Nevada as providing a business environment very few states can match.

IN NEVADA THERE IS NO…ý Corporate Income Taxý Admissions Taxý Personal Income Taxý Unitary Taxý Franchise Tax on Incomeý Estate Taxý Inheritance or Gift Tax

NEVADA PROVIDES…þ Competitive Property Tax Ratesþ Competitive Sales Tax Ratesþ Minimal Employer Payroll Tax -

Refer to Modified Business Tax

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nevada taxes

economic development & business environment » nevada taxes

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PropertyState statutes limit the property tax rate to a total of $3.64 per $100 of assessed valuation. Assessment is at 35 percent of taxable value. The tax is applied to the assessed value. Property tax rates may vary within the city and county, due to special districts or general improvement districts such as fire control districts, library districts and television districts. The tax bill is capped at a maximum increase of 3 percent over the prior year for an owner-occupied residence or a rental property with rent charged below the HUD Fair Market Rents and a maximum increase of 8 percent for all other real and personal property.

REAL PROPERTY

Includes land, buildings, and improvements not normally removable. The taxable value for land is full cash value. The value for improvements is replacement costs less depreciation at 1.5 percent per year for up to 50 years.

PERSONAL PROPERTY

Includes property not permanently affixed to land, such as business equipment and mobile/manufactured homes not converted to real property. Assessment is 35 percent of original cost less depreciation.

Industrial InsuranceIndustrial insurance is obtained through private insurance carriers, self-insurance, or group self-insurance. For more information about self-insurance or group self-insurance, contact the Nevada Division of Insurance.

Insurance PremiumInsurers pay 3.5 percent of the total direct premiums written for the preceding calendar year covering property and other risks in the state. The tax is passed onto the consumer in the cost of the premium. Risk retention groups registered in Nevada but chartered in another state pay a rate of 2 percent. The tax is due on actual premiums received in the quarter with payment due 30 days following the end of the quarter.

Sales and UseSales tax is charged at the retail level on the sale of tangible personal property unless exempt by statute. A companion “use” tax is charged on property purchased outside of Nevada and brought into the state for use. The maximum combined State rate is 6.85 percent. Counties are allowed various options to pay for items such as transportation, roads, flood control, and water. In Clark County, the total combined rate is 8.1 percent.

Unemployment InsurancePaid by employers of one or more persons with total wages paid of $225 or more during a calendar quarter. For the first 14 quarters as an employer in Nevada, the total rate is 3 percent. Thereafter, it may vary from 0.3 percent to 5.4 percent depending on the number of employees and the firm’s unemployment record. The maximum wage base upon which the rate is applied changes annually. For 2015, the maximum wage base is $27,800.

Universal Energy ChargeThe tax is assessed on each therm of natural gas or kilowatt hour of electricity consumed in Nevada. The rate is 3.30 mills per therm of natural gas and 0.39 mills per kilowatt-hour of electricity. If tax collected exceeds $25,000 in any calendar quarter, a refund for the amount over $25,000 may be requested. The tax is distributed to the Welfare Division and is further distributed 25 percent to the Nevada Housing Division for weatherization. The Welfare Division uses the remaining 75 percent for energy assistance to low-income households. The tax is remitted within 30 days after the end of each calendar quarter. As a pass-through, the tax is itemized on each customer’s billing statement as a separate line item.

Source: Nevada Taxpayers Association. Note: All rates effective as of January 1, 2015; however, the Nevada Legislature is expected to address various taxes and rates, and any changes will be effective July 1, 2015.

Do you support Gov. Brian Sandoval’s plan to increase Nevada business license fees to pay for new education programs in Nevada?

Should Nevada legalize and tax marijuana for use by adults over 21 years of age with tax revenue going to support education?

Yes » 57.

30%

No »

42.70%

Yes » 70.

43%No

» 29

.57%

Source: LVGEA.

Please rank the following regions according to how friendly you feel they are towards businesses. 1 if most friendly; 5 is least friendly.

1 Southern Nevada (2.37 average rank)

2 Phoenix (2.98)

3 Denver (3.01)

4 Salt Lake City (3.25)

5 Southern California (3.39)

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ECONOMIC DEVELOPMENT & BUSINESS ENVIRONMENT 2015 nevada taxes


Comparative Real Estate Taxes* (Metro Areas)

LOCATIONLAND COST

(IN THOUSANDS)BUILDING COST

(IN THOUSANDS)TOTAL

(IN THOUSANDS) EFFECTIVE TAX RATETOTAL ANNUAL

REAL PROPERTY TAX COSTNew York, NY $18,868 $55,871 $74,739 $39.99 $2,989,140Boston, MA $7,420 $49,403 $56,823 $33.42 $1,899,036Denver, CO $4,770 $39,925 $44,695 $28.97 $1,294,826LA/Long Beach, CA $16,536 $47,076 $63,612 $16.73 $1,064,383San Francisco, CA $16,960 $55,203 $72,163 $14.71 $1,061,491Detroit, MI $3,392 $44,305 $47,697 $21.79 $1,039,292Dallas, TX $4,028 $34,199 $38,227 $26.04 $995,329Miami, FL $4,770 $37,010 $41,780 $19.36 $808,947Nashville, TN $3,816 $35,396 $39,212 $19.26 $755,263San Diego, CA $15,900 $45,563 $61,463 $11.78 $723,825LAS VEGAS, NV $4,558 $43,357 $47,915 $11.47 $549,580

Source: The Boyd Co., Inc., Princeton, NJ. Notes: *Based on representative land and building costs scaled to a 350,000-square-foot light industrial building on a 20-acre, fully serviced site. Annual costs reflect representative nominal real property tax rate and assessment practices at each location. Petitions for tax abatements and special assessments are not considered.

General Fund Revenues by Fiscal Year (in thousands)TAX/REVENUE SOURCE 2012 2013 2014 2015* 2016* 2017*Branch Bank Excise Tax $3,048 $2,997 $2,788 $3,027 $2,913 $2,913Business License Tax $1 $3 $3 $0 $0 $0Business License Fee $64,790 $69,011 $72,166 $74,401 $40,750 $41,763Modified Business $369,661 $386,610 $384,886 $403,746 $295,389 $309,884Casino/Live Entertainment $136,982 $137,416 $154,136 $151,561 $156,780 $162,711Cigarette & Tobacco $91,249 $93,366 $91,249 $89,387 $88,525 $87,008Gaming $686,450 $710,526 $718,816 $716,885 $735,616 $767,139Insurance Premium $237,859 $249,390 $264,522 $292,233 $320,359 $350,142Liquor $40,650 $39,884 $41,839 $42,614 $43,470 $44,330Mining $120,425 $111,340 $26,222 $28,973 $65 $31,076Other Taxes $67,358 $68,503 $67,267 $67,890 $5,000 $5,000Real Property Transfer $48,374 $54,990 $60,047 $65,405 $70,402 $76,064Sales and Use $875,596 $923,199 $967,706 $1,032,598 $1,090,419 $1,155,136TOTAL TAXES $2,742,443 $2,847,234 $2,851,648 $2,968,720 $2,849,688 $3,033,167Licenses $119,091 $116,519 $120,227 $123,170 $127,329 $129,317Fees and Fines $58,405 $67,039 $54,207 $55,009 $55,747 $56,720Interest Income $505 $633 $594 $1,106 $3,243 $6,017Other Revenue $161,324 $101,177 $40,270 $57,284 $33,586 $35,762

Subtotal (non-taxes) $339,325 $285,368 $215,298 $236,569 $219,905 $227,815TOTAL† $3,081,768 $3,132,602 $3,066,946 $3,205,289 $3,069,593 $3,260,982

Source: State of Nevada Legislative Department. Notes: *Economic forecast as of December 3, 2014. †Numbers may not add due to rounding. Other taxes include room, governmental services taxes and higher education capital fund.

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Distance From Las Vegas

Source: NV Energy & Free Trip.

Seattle:1,259 miles

Portland:1,020 miles

Cheyenne:853 miles

Sacramento:562 miles

Los Angeles:270 miles

Reno: 448 miles

Boise:663 miles

Denver:748 miles

Santa Fe:632 miles

Helena:901 miles

Salt Lake City:421 miles

Phoenix:292 miles

San Francisco:579 miles

Rail Delivery Times From Southern NevadaMARKET CITY TRAILER ON FLAT CAR BOXCARChicago, IL 3 days 5 daysDenver, CO 2 days 3 daysKansas City, MO 2 days 5 daysLos Angeles, CA 1 day 2 daysPortland, OR 2 days 4 daysSt. Louis, MO 2 days 5 daysSalt Lake City, UT 1 day 2 daysSeattle, WA 2 days 4 days

Source: The Boyd Co., Inc., Princeton, NJ.

Air Cargo Activity Trend (in thousand pounds)

YEAR CARGO (1,000 LBS.) GROWTH2004 201,136 11.0%2005 221,718 10.2%2006 223,617 0.9%2007 203,615 -8.9%2008 189,893 -6.7%2009 193,211 1.7%2010 195,151 1.0%2011 188,510 -3.4%2012 201,446 6.9%2013 205,095 1.8%2014 217,504 6.1%

‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14

201,136

221,718 223,617

203,615

189,893 193,211 195,151188,510

201,446205,095

217,504

Western Market Outbound Shipping CostsANNUAL

SHIPMENTS (1,000 LBS.)

ORIGINATING CITY OF SHIPMENT

DESTINATION CITYDALLAS/

FT. WORTH, TXDENVER/

BOULDER, COALBUQUERQUE/

RIO RANCHO, NM SALT LAKE CITY, UT TUCSON, AZPHOENIX/ MESA, AZ LAS VEGAS, NV

Riverside, CA 7,800 $923,430 $679,159 $521,152 $451,851 $298,693 $218,302 $162,167Los Angeles, CA 7,800 $960,838 $703,419 $545,408 $476,106 $336,116 $255,726 $186,423San Diego, CA 7,800 $926,894 $746,385 $558,576 $519,073 $282,060 $243,943 $229,391San Francisco, CA 7,800 $1,197,065 $836,479 $753,315 $510,066 $598,077 $518,381 $395,715Seattle, WA 5,200 $956,827 $595,273 $657,060 $381,324 $706,858 $653,370 $510,892Denver, CO 5,200 $361,591 $4,610 $191,816 $225,015 $390,547 $361,960 $343,977Phoenix, AZ 5,200 $471,924 $361,960 $209,798 $296,947 $53,489 $4,610 $141,556LAS VEGAS, NV 5,200 $572,983 $343,977 $274,351 $192,738 $195,043 $141,556 $4,610Albuquerque, NM 5,200 $297,154 $191,816 $4,610 $275,735 $225,015 $209,798 $275,274Salt Lake City, UT 5,200 $573,447 $225,015 $275,735 $4,610 $349,971 $296,947 $192,738TOTALS 62,400 $7,242,153 $4,688,093 $3,991,821 $3,333,465 $3,435,869 $2,904,593 $2,442,743

Source: The Boyd Co., Inc., Princeton, NJ. Notes: Annual charges reflect truckload lots of 30,000 lbs. using private over-the-road carrier to each city location. Projected charges are based on an estimated $2.67 per mile which includes cost factors such as labor, fuel surcharges, maintenance, insurance certificates, operating rights, and empty backhaul considerations. Destinations reflect regional population centers of the 11 Western States Market. Shipments to market-leader California account for approximately 50 percent of total shipments.

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transportation

economic development & business environment » transportation

transportation

McCarran International AirportMcCarran International Airport is Southern Nevada’s gateway to the world. With 30 airlines providing nonstop service to more than 140 destinations, McCarran International Airport is among the top 10 busiest airports in the United States, and among the top 25 busiest airports in the world. In 2014, McCarran hosted nearly 43 million passengers, 3.3 million of which were from international destinations. McCarran is a focus city for three domestic carriers: Southwest Airlines, Spirit Airlines, and Las Vegas’ very own Allegiant Airlines.

McCarran International Airport is owned and operated by the government of Clark County, Nevada, which is overseen by the Clark County Board of Commissioners. Unlike other departments within the County government, the Clark County Department of Aviation is a self-sufficient enterprise fund and operates without County General Fund tax revenue. Airport revenue is derived from aviation and non-aviation sources, as well as Passenger Facility Charges and Airport Improvement Program grants.

For decades, the skyrocketing popularity of Las Vegas ceaselessly challenged the airport’s infrastructure. Over time, more and more aircraft, cars and travelers have jockeyed for space within an airport whose initial developers never envisioned a time when 40+ million passengers would become an annual norm. Airport expansions were delivered in the 1980s, 1990s, 2000s, and most recently in 2012 with the opening of Terminal 3.

In recent years, international visitation has become an increasingly important priority for McCarran Airport. The opening of Terminal 3 in 2012 allowed McCarran to experience double-digit growth in international arrivals, and today, McCarran offers nonstop flights to 23 international destinations. Largest international carriers include: Westjet (Canada), Air Canada, Virgin Atlantic, British Airways, AeroMexico, and Copa Airlines (Latin America).

Established: 1948

Leadership: Rosemary Vassiliadis, Director of Aviation; Clark County Commission

Nevadans Employed at McCarran: 15,000+

Annual Passengers: 42,869,517 (2014)

Average Daily Passengers: 117,000

Average Daily Flights: 868 (Feb. 2015)

Economic Impact: A UNLV study found McCarran International Airport has an annual economic impact of nearly $30 billion.

TOP 15 CITIES INTERNATIONAL NONSTOP CONNECTIONS

1 Toronto, ON, CA2 Mexico City, MX3 Calgary, AB, CA4 Vancouver, BC, CA5 Edmonton, AB, CA

6 London-Heathrow, EN, GB7 London-Gatwick, EN, GB8 Panama City, PA9 Montreal-PET, QC, CA

10 Monterrey, MX

11 Guadalajara, MX12 Seoul, KR13 Regina, SK, CA14 Winnipeg, MB, CA15 Saskatoon, SK, CA

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porta

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Trucking

With borders on five states, Nevada provides efficient transportation links to major western markets. Las Vegas, located in Clark County, is at the hub of an extensive transportation network on three major highway corridors: Interstate 15, U.S. Highway 95, and U.S. Highway 93.

Clark County’s strategic location provides next-day freight service to 80 percent of the 11-state western region. Nearly every western city is within 2nd-day delivery time, which translates into a market totaling more than 50 million people. More than 50 motor carriers, including several specialized carriers, serve Southern Nevada. The area provides a number of warehousing and manufacturing-related support services including specialized contract haulers, full-service public warehousing, U.S. customs service, foreign trade zone and subzone accommodations, assembly, and packaging support.

Foreign Trade Zones

Las Vegas is home to Foreign Trade Zone #89. Foreign trade zones allow firms to bring foreign goods or raw materials for manufacturing and/or assembling into the United States without formal customs entry or payment of customs duties and government excise taxes until products leave the zone. If the final product is exported from the United States, no U.S. Customs duty or excise tax is levied. If the final product is imported into the United States, fees are only due at the time of transfer on the product or its parts, whichever is lower.

Rail Service

Southern Nevada’s rail service is provided by Union Pacific Railroad. The line runs northeast/southwest through Clark County providing access to several industrial sites. The railroad provides intermodal service with daily switching frequency as well as standard boxcar and tank-car service.

Bus Service

There are many services designated to help visitors and community members get where they need to go, including RTC Transit, RTC Paratransit, SilverSTAR & FDR, Mobility Training, Bike & Ride, Transit Centers and Park & Ride Facilities, and Transit Ambassadors. The Las Vegas Monorail is a privately funded public transportation system servicing the Las Vegas resort corridor.

Airports

McCarran International Airport is located within the Las Vegas valley. Each day, the airport handles approximately 101,000 arriving/departing passengers, 611,000 pounds of arriving/departing cargo, 1,400 aircraft operations and 3,300 international passengers. The airport is a customs landing rights airport. There are four runways ranging in length from 9,765-14,510 feet. Four fixed-base operators provide a full range of services for private aircraft.

McCarran International Air Cargo Center, through its innovative partnership with International Aviation Terminals (IAT) of Vancouver, BC, has evolved into a major air cargo facility. McCarran Air Cargo facilities are capable of handling all aircraft types and its Foreign Trade Zone (FTZ) is attractive to international customers. Cargo growth will continue to play a significant role in McCarran’s economic development well into the 21st century.

North Las Vegas Airport is a general aviation airport located at the north end of the Las Vegas valley, just 9 miles from the center of the Las Vegas Strip. The airport is accessible 24 hours a day with pilot-activated runway lighting on both runways. Air traffic control tower hours are 6:00 a.m. to 8:00 p.m. daily. There are no landing fees. 100 low-lead octane is available 24 hours a day through credit card, self-service pumps; full-service Jet A and 80 Octane are offered at competitive prices. The airport offers courtesy drop-off service to hotels within a five mile radius of the airport, subject to vehicle and personnel availability. The airport has two lighted, asphalt runways each measuring approximately 5,000 feet in length.

Henderson Executive Airport is located just 11 miles south of Las Vegas. It has one asphalt, lighted runway approximately 5,000 feet in length. Henderson Executive Airport offers convenient transient parking, on-airport rental cars, and full-service 100 low-lead octane aviation gas and Jet A.

Jean Sport Aviation Center is located 20 miles south of Las Vegas on I-15.

Source: NV Energy.

Common Carrier Services

PHOTO – Heading north, Southwest Airlines departs from McCarran International Airport while passengers aboard Virgin Atlantic wait for take-off.

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transportation

Cox has the communications solutions that fi t your needs...

at home, at work, on-air and online.

At work with Cox Business Data, Voice and Video.

On-Air and Online Advertising with Cox Media.

cox.com | coxmedia.com

©2015 Cox Communications, Inc. All rights reserved.

At home with Cox TV, Internet, Phone and Cox Homelife.

Major Radio NetworksOWNER/BRANDING STATION FORMAT BAND POSITIONAurora Media, LLC

KYLI Dance Top 40 FM 96.7Beasley Broadcasting Group

KKLZ Classic Hits FM 96.3KCYE Country FM 102.7KOAS Rhythmic Oldies FM 105.7KVGS Hot Adult Contemporary FM 107.9

KDWN News/Talk AM 720CBS Radio Inc.

KMXB Hot Adult Contemporary FM 94.1KLUC Top 40 Contemporary Hit Radio FM 98.5KXNT News/Talk/Sports FM 100.5KXTE Modern Rock FM 107.5KXNT News/Talk AM 840KXST Sports AM 1140

Economic Opportunity Board of Clark County KCEP Urban Contemporary FM 88.1

Education Media FoundationKEKL Christian Contemporary FM 88.5KVKL Christian Contemporary FM 91.1

Entravision Communications Corp.KRRN Regional Mexican FM 92.7KQRT Regional Mexican FM 105.1

Faith Communications Corp.KSOS Christian Contemporary FM 90.5

Highway RadioKHYZ Hot Adult Contemporary FM 99.7

Immaculate Heart Radio Educational BroadcastingKNIH Religious AM 970

iHeartMedia, Inc.KPLV Top 40 FM 93.1

KWNR Country FM 95.5KSNE Adult Contemporary FM 106.5

Kemp Broadcasting, Inc.KVEG Rhythmic Contemporary FM 97.5KVGQ Top 40 FM 106.9KMZQ Sports AM 670

Las Vegas Broadcasters, Inc.KKVV Religious AM 1060

Las Vegas Radio Co., Inc.KSHP Sports/Shopping AM 1400

Lotus Broadcasting CorporationKOMP Album-Oriented Rock FM 92.3KXPT Classic Rock FM 97.1

KWWN Sports FM 98.9KWID Spanish Adult Hits FM 101.9KBAD Sports Talk AM 920

KWWN Sports AM 1100KLAV Talk Radio AM 1230KRLV Regional Mexican AM 1340KENO Spanish Sports AM 1460

Major TV StationsSTATION/CHANNEL NETWORKENGLISH LANGUAGE

KSNV – 3 NBCKVVU – 5 FOXKLAS – 8 CBSKLVX – 10 PBSKTNV – 13 ABCKVCW – 33 CW

SPANISH LANGUAGEKINC – 15 UNIVISIONKMCC – 32 MUNDOFOXKBLR – 39 TELEMUNDO

Local Media Website Rankings*

1 Las Vegas Review-Journal2 Las Vegas Sun3 KLAS (Channel 8)4 KVVU (Channel 5)5 KTNV (Channel 13)

Source: comScore. Note: *Based on market share. February 2015.

Comparative Annual Telecommunications Costs For 800 ServiceCITY ANNUAL COST*Los Angeles, CA $1,226,222San Jose, CA $1,151,040San Diego, CA $1,113,448Miami, FL $1,093,047Chicago, IL $1,067,211Providence, RI $1,045,033Houston, TX $1,041,800Dallas, TX $1,021,125Seattle, WA $1,015,862LAS VEGAS, NV $1,009,396Philadelphia, PA $992,405Boston, MA $992,405

Source: The Boyd Co., Inc., Princeton, NJ. Notes: *Based on a monthly use of 2.5 million min-utes of inbound toll-free service at a representative high volume national discounted rate. Includes esti-mated federal, state and local taxes and surcharges, including the 16.8 percent federal universal service fee and other carrier cost recovery and compli-ance expenses estimated at 18.9 percent. Does not include installation, equipment, or local or intra-state call costs.

Continued on next page »

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119



communications

economic development & business environment » communications

communications

Cox has the communications solutions that fi t your needs...

at home, at work, on-air and online.

At work with Cox Business Data, Voice and Video.

On-Air and Online Advertising with Cox Media.

cox.com | coxmedia.com

©2015 Cox Communications, Inc. All rights reserved.

At home with Cox TV, Internet, Phone and Cox Homelife.

OWNER/BRANDING STATION FORMAT BAND POSITIONM&M Broadcasting, LLC

KADD Mandarin FM 93.5Nevada Public Radio

KNPR Public Radio FM 88.9KCNV Classical/Public Radio FM 89.7

Radio Activo Broadcasting License, LLC KXLI Contemporary Hit Radio, Spanish FM 94.5

Royce International BroadcastingKFRH Top 40 Contemporary Hit Radio FM 104.3KBET Talk AM 790

Summit American, Inc. KJUL Adult Standards/MOR FM 104.7

Summit MediaKQLL Oldies FM 102.3KQLL Oldies AM 1280

University of Nevada, Las VegasKUNV Jazz FM 91.5

Univision Communications, Inc.KRGT Spanish Urban FM 99.3KISF Regional Mexican FM 103.5

KLSQ Spanish Variety AM 870

120




comm

unica

tions

Ralston LiveNew series featuring interviews, commentary and analysis with veteran Nevada reporter Jon Ralston. Episodes repeat weekdays at midnight.

Visit VegasPBS.org today to see the complete schedule.3050 E. Flamingo Road, Las Vegas, NV 89121 • 702-799-1010

MON. — FRI. AT 5:30 P.M.

on Vegas PBS Channel 10

Las Vegas Designated Market Area (DMA) RankingLas Vegas is the 41st largest DMA in the United States

5148

43 43 42 42 42 40 40 42 41

0

10

20

30

40

50

60

70

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

41 DMA Ranking

Las Vegas 2014

121



Broadband Demographics Las Vegas-Paradise, NV Metro Area

TOTAL AREA (SQ MILES) POPULATION HOUSING UNITS

7,914 2,160,546 939,972Source: NTIA’s State Broadband Initiative. Note: Broadband data is as of June 30, 2014 and represents data collected by SBDD grantees.

Broadband Providers Las Vegas-Paradise MSAIntegra Telecom Holdings, Inc.www.integratelecom.com1Gbps+Level 3 Communications, LLCwww.level3.com1Gbps+Cox Communications, Inc.www.cox.com/residential/home.cox100mbs - 1GbpsCenturyLink, Inc.www.Centurylink.com25 - 50 MbpsPlatinum Equity, LLCwww.megapath.com6 - 10 Mbps

Wireless ProvidersVerizon Communications, Inc.www.verizonwireless.com10 - 25 MbpsAT&T, Inc.www.wireless.att.com10 - 25 MbpsT-Mobilewww.t-mobile.com10 - 25 MbpsViaSat, Inc.3 - 6 MbpsLV.Netwww.lv.net3 - 6 MbpsJAB Wireless, Inc.www.digis.net3 - 6 MbpsSwitch Communicationswww.vegaswifi.net3 - 6 MbpsSprint Nextel Corporationwww.sprint.com3 - 6 MbpsMetroPCS Wirelesswww.metropcs.com1.5 - 3 MbpsSpacenet, Inc.768 kbps - 1.5

Advertised Speeds Above 768 kbps and Below 3 Mbps. Most Common Speed: 10 Mbps.

Source: NTIA’s State Broadband Initiative. Note: Broadband data is as of June 30, 2014 and represents data collected by SBDD grantees.


communications

Cox Communications, Inc.Cox Communications, Inc. offers Cable Modem - DOCSIS 3.0 broadband technologies to an approximate population of 2,106,508 (out of a total population of 2,160,546).

Population 2,106,508 Housing Units 910,107 Total area 352 sq.mi.

CenturyLink, Inc. CenturyLink, Inc. offers Asymmetric xDSL broadband technologies to an approximate population of 2,046,460 (out of a total population of 2,160,546).

Population 2,046,460 Housing Units 883,232 Total area 413 sq.mi.

Source: NTIA’s State Broadband Initiative. Note: Broadband data is as of June 30, 2014 and represents data collected by SBDD grantees.

Average Monthly Residential Utility CostsSOURCE MAJOR PROVIDERS AVG. COST*Natural Gas Southwest Gas

Corporation$43.08

Sewer Clark County Water Reclamation District

$18.42

Solid Waste Disposal

Republic Services of Southern Nevada

$14.21

Source: Individual entities. Note: *Includes service charge.

Average Monthly Residential Utility Costs Electric PowerMAJOR PROVIDERS AVG. COST*

Sierra Pacific Power Company $145.68Arizona Public Service $151.79NV ENERGY $167.93LADWP $190.43Southern Cal Edison $297.08PG&E (San Jose) $319.62San Diego Gas & Electric $414.34

Source: NV Energy. Note: Average cost based on 1,250 kWh.

Average Monthly Residential Utility Costs WaterCITY AVG. COST*Salt Lake City, UT (OC)** $37.21LAS VEGAS, NV $41.50Denver, CO (OC)** $46.61Houston, TX $60.08Phoenix, AZ (OC)** $63.42Los Angeles, CA $74.76San Francisco, CA $102.94

Source: Las Vegas Valley Water District (LVVWD). Notes: *Based on LVVWD average monthly single-family consumption of 11,600 gallons and a ⅝ or ¾-inch service charge for comparison. **OC - Outside City.

Electric Power Cost Comparisons Among Major Western CitiesPROVIDER COMMERCIAL* INDUSTRIAL† RESIDENTIAL‡NV ENERGY 9.49 8.35 13.43Sierra Pacific 8.86 7.27 11.65Arizona Public Service 9.65 8.62 12.15Los Angeles Dept. of Water & Power 13.06 10.86 15.23PG&E (San Jose) 17.31 13.70 25.56Southern California Edison 13.21 10.83 23.76San Diego Gas & Electric 18.20 16.12 33.14

Doing more with less is a concept with which any business, agency or household can identify; however, associating this concept with Las Vegas — and its image of excess — seems outlandish. But from a water perspective, Las Vegas turned this concept into reality.

During the past 15 years, our community has demonstrated that we can grow and maintain a robust economy while using less water. Residents and businesses have seized the initiative, participating in myriad water efficiency programs and embracing a conservation ethic. As a result, Southern Nevada’s per capita water consumption has decreased by an astonishing 40 percent since 2002.

While the community’s conservation achievements are remarkable, the Southern Nevada Water Authority (SNWA) has worked to further enhance the security of the region’s water supply. Recently, SNWA completed the construction of a 3-mile tunnel and intake facility to access water from deeper within Lake Mead.

Coupled with the low lake level pumping station that is expected to be operational in 2020, Southern Nevada will further secure access to its primary water supply, even if Lake Mead drops to “dead pool”—the point at which Hoover Dam can no longer produce power or release water to downstream users in Arizona, California, and Mexico.

As a community, we must continue investing in water conservation and our response to the drought; however, Southern Nevada is well-positioned to meet the challenges ahead and ensure a bright economic future.

John J. Entsminger General Manager

A Southern Nevada Water Authority

PERSPECTIVE

Southern Nevada’s Secure Water Future

PHOTO – The 24-foot diameter tunnel boring machine (TBM) “holed through” the intake structure on the bottom of Lake Mead on December 10, 2014, making the final connection on SNWA’s Intake 3 project and marking a signifcant milestone for the historic project. The TBM’s cutterhead, shown above, lead the way by excavating through three miles of complex geological conditions.

Source: NV Energy. Notes: Data reflects average cents per kWh. *21,600 kWh & 50 kW Demand/Month †1,350,000 kWh & 2,500 kW Demand/Month ‡Typical NV Energy Customer 1,250 kWh/Month.

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ECONOMIC DEVELOPMENT & BUSINESS ENVIRONMENT2015 uti

lities

economic development & business environment » utilities

utilities

SINGLE FAMILY RESIDENTIALMETER SIZE (INCHES)

MO. SERVICE CHARGE TIER THRESHOLD (X 1,000 GAL) RATE (X 1,000 GAL)

5/8 $10.06 1 0 - 5 $1.162 5.01 - 10 $2.083 10.01 - 20 $3.094 20.01 and Over $4.58

3/4 $11.59 1 0 - 6.8 $1.162 6.81 - 13.5 $2.083 13.51 - 27.0 $3.094 27.01 and Over $4.58

1 $14.64 1 0 - 10.1 $1.162 10.11 - 20.32 $2.083 20.33 - 57.5 $3.094 57.51 and Over $4.58

1 1/2 $22.26 1 0 - 18.6 $1.162 18.61 - 37.2 $2.083 37.21 - 175.7 $3.094 175.71 and Over $4.58

2 $31.42 1 0 - 28.71 $1.162 28.72 - 57.43 $2.083 57.44 - 385.26 $3.094 385.27 and Over $4.58

NON-SINGLE FAMILY RESIDENTIALMETER SIZE (INCHES)

MO. SERVICE CHARGE TIER

THRESHOLD (X 1,000 GAL)

RATE (X 1,000 GAL)

5/8 $10.06 1 0 - 5 $1.162 5.01 - 10 $2.083 10.01 - 20 $3.094 20.01 and Over $4.58

3/4 $11.59 1 0 - 7.5 $1.162 7.51 - 15 $2.083 15.01 - 30 $3.094 30.01 and Over $4.58

1 $14.64 1 0 - 12.5 $1.162 12.51 - 25 $2.083 25.01 - 75 $3.094 75.01 and Over $4.58

1 1/2 $22.26 1 0 - 25 $1.162 25.01 - 50 $2.083 50.01 - 250 $3.094 250.01 and Over $4.58

2 $31.42 1 0 - 40 $1.162 40.01 - 80 $2.083 80.01 - 560 $3.094 560.01 and Over $4.58

3 $55.83 1 0 - 80 $1.162 80.01 - 160 $2.083 160.01 - 1,440 $3.094 1,440.01 and Over $4.58

4 $83.28 1 0 - 125 $1.162 125.01 - 250 $2.083 250.01 - 4,000 $3.094 4,000.01 and Over $4.58

6 $159.56 1 0 - 250 $1.162 250.01 - 500 $2.083 500.01 - 12,500 $3.094 12,500.01 and Over $4.58

8 $251.09 1 0 - 400 $1.162 400.01 - 800 $2.083 800.01 - 24,000 $3.094 24,000.01 and Over $4.58

10 $357.87 1 0 - 575 $1.162 575.01 - 1,150 $2.083 1,150.01 - 40,250 $3.094 40,250.01 and Over $4.58

12 $525.67 1 0 - 850 $1.162 850.01 - 1,700 $2.083 1,700.01 - 59,500 $3.094 59,500.01 and Over $4.58

Source: Las Vegas Valley Water District. Notes: *Rates based on 30-day monthly-service charge, and thresholds vary based on number of days in billing period. Rates exclude commodity surcharge ($0.34 for every 1,000 gallons used) and reliability surcharge (calculated as a percentage of water usage plus service charges: residential at 0.25 percent; commercial at 2.5 percent).

Monthly Water Costs

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utilities

When thinking about the region’s water supply, please select the option below that best describes how you feel:

10 years0

We have plenty of water for the future 15.66%

I think we willhave a water

shortage in5-10 years

36.82%


shortage in2-5 years

26.96%


shortage in lessthan 2 years

20.56%

Source: LVGEA.

Southern Nevada Water Authority (SNWA)The Southern Nevada Water Authority (SNWA) is a not-for-profit, regional water agency that was formed in 1991 to address Southern Nevada’s unique water needs on a regional basis.

Through a cooperative agreement, SNWA’s member agencies include the Big Bend Water District in Laughlin; the cities of Las Vegas, Henderson, North Las Vegas, and Boulder City; the Clark County Water Reclamation District; and the Las Vegas Valley Water District. Together, these seven agencies provide water and wastewater services to Southern Nevada’s two million residents.

Responsible for treating and delivering high-quality water and constructing and managing regional water facilities, SNWA also manages the region’s water resources and coordinates long-range resource planning to ensure water is available to meet projected demands 50 years into the future.

Additionally, SNWA administers one of the most progressive and comprehensive water conservation programs in the nation, which has realized outstanding reductions in water usage. Through the agency’s Water Smart Landscapes program, more than 170 million square feet of grass has been converted to water-efficient landscaping, saving billions of gallons annually. The Water Efficient Technologies Program, which incentivizes commercial businesses to incorporate water-saving facilities and technologies into business operations, saves more than a billion gallons per year. Combined with other water-saving measures and comprehensive water recycling and reuse, overall water consumption has decreased by more than 32 billion gallons since the drought began, while during that same time period, the valley’s population increased by nearly half-a-million people.

For more information about the Southern Nevada Water Authority, visit www.snwa.com.

Established: 1991

Leadership: SNWA Board of Directors John Entsminger, General Manager Phil Speight, Assistant General Manager David Johnson, Deputy General Manager Julie Wilcox, Deputy General Manager

Employees: 1,267

Operating Budget: $123 million

Mission: Provide world-class water service in a sustainable, adaptive, and responsible manner to our customers through reliable, cost-effective systems.

Services Provided: Treatment and delivery of wholesale water, regional water supply, planning and management, water quality testing and compliance, and regional water conservation programs.

SNWA Infrastructure Charge*METER SIZE (INCHES) RESIDENTIAL NON-RESIDENTIAL FIRE METER5/8 & 3/4 $6.36 $20.41 $3.341 $21.79 $38.66 $6.321 ½ $43.56 $77.31 $12.632 $69.70 $123.69 $20.213 $139.38 $247.38 $40.414 $217.79 $386.55 $63.146 $435.57 $773.09 $126.288 $696.89 $1,236.92 $202.0410 & Larger N/A $1,778.07 $290.43

Source: Las Vegas Valley Water District. Note: *Rates based on 30-day monthly-service charge and thresholds vary based on number of days in billing period. Rates exclude commodity surcharge ($0.30 for every 1,000 gallons used) and reliability surcharge (calculated as a percentage of water usage plus service charges: residential at 0.25 percent; commercial at 2.5 percent), and an SNWA Infrastructure Charge (approximate monthly charges per meter).

PHOTO – The 20-foot diameter intake tunnel utilized concrete rings to form the finished tunnel. Approximately 2,400 concrete rings were used, each weighing more than 23 tons. The rings were lowered underground in segments and set into place to reinforce the excavated tunnel.

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ECONOMIC DEVELOPMENT & BUSINESS ENVIRONMENT2015 uti

lities


BUILDING BUSINESSESFOR OVER 50 YEARS.

55 years in Nevada | 50 Branches statewide

nsbank.com | 855.822.DOOR

You’ve built your business on trust, reliability, hard work, and know-how. So have we. Maybe that’s why Nevada businesses have trusted Nevada State Bank to help them achieve their financial goals since 1959.

Bring your banking home.


BUILDING BUSINESSESFOR OVER 50 YEARS.

55 years in Nevada | 50 Branches statewide

nsbank.com | 855.822.DOOR

You’ve built your business on trust, reliability, hard work, and know-how. So have we. Maybe that’s why Nevada businesses have trusted Nevada State Bank to help them achieve their financial goals since 1959.

Bring your banking home.

Banks in Clark County

NAME BRANCHESTOTAL ASSETS

(IN THOUSANDS)American First National Bank 1 $1,090,035*Armed Forces Bank, National Association 2 $1,671,860*Bank of America, National Association 51 $1,574,093,000*Bank of George 2 $116,900Bank of the West 4 $71,682,343*Beal Bank USA 1 $5,793,451*Cathay Bank 1 $11,488,897*Citibank, National Association 16 $1,356,781,000*City National Bank 6 $32,314,043*Credit One Bank, National Association 1 $135,408East West Bank 1 $28,678,038*First American Trust, FSB 1 $2,627,830*First Foundation Bank 1 $1,352,172*First Savings Bank 1 $518,733*First Security Bank of Nevada 1 $177,043JPMorgan Chase Bank, National Association 49 $2,074,952,000*Kirkwood Bank of Nevada 1 $68,652Meadows Bank 2 $445,709MidCountry Bank 1 $702,990*Mutual of Omaha Bank 4 $6,625,772*Nevada Bank and Trust Company 1 $106,093Nevada State Bank 31 $4,096,987Plaza Bank 1 $554,105*Royal Business Bank 1 $920,715*Talmer West Bank 4 $814,101*The Northern Trust Company 1 $109,596,957*Town & Country Bank 5 $125,301Toyota Financial Savings Bank 1 $938,673U.S. Bank National Association 72 $398,978,359*USAA Savings Bank 1 $1,491,028Valley Bank of Nevada 1 $83,647Washington Federal, National Association 6 $14,493,978*Wells Fargo Bank, National Association 80 $1,532,784,000*Wells Fargo Financial National Bank 1 $6,541,389Western Alliance Bank 11 $10,476,408*Wilmington Savings Fund Society, FSB 1 $4,849,015*Wilmington Trust, National Association 1 $2,769,953*

Source: Federal Deposit Insurance Corporation (FDIC). Data as of December 2014. Notes: Total assets in Nevada only unless otherwise specified. *Total as-sets (assets unavailable by state).

Credit Unions in Clark County

CREDIT UNION FEDERAL/STATE PHONEAloha Pacific FCU Federal 776-6900 America First FCU Federal 968-1100Boulder Dam Credit Union State 293-7777Clark County Credit Union State 228-2228Credit Union 1 State 735-2181InTouch Credit Union State 992-7430LV UP Employees CU Federal 382-9688Mountain America CU Federal 251-5750Navy Federal CU Federal (888) 842-6328One Nevada CU Federal 457-1000Plus Credit Union State 871-4746SCE FCU Federal (800) 866-6474Sierra Pacific FCU Federal 876-7229Silver State Schools CU State 733-8820Stage Employees FCU Federal 873-3675WestStar Credit Union State 791-4777

Note: For local calls in the Las Vegas area, dial (702).

PHOTO – America First Credit Union, located at 6090 S. Durango Dr., was founded in 1939, is a member-owned, not-for-profit cooperative financial institution with 109 full-service branches

between Nevada & Utah.

Annual Financial Services Back Office Cost Rankings*FINANCIAL SERVICES BACK OFFICE LOCATION TOTAL ANNUAL OPERATING COSTSan Francisco, California $10,965,315New York, New York $10,728,824London, United Kingdom $10,601,009Boston, Massachusetts $10,019,632Jersey City, New Jersey $10,008,898Paris, France $9,703,761Leeds, United Kingdom $8,902,750Dublin, Ireland $8,218,826LAS VEGAS, NEVADA $8,004,680Madrid, Spain $6,350,581

Source: The Boyd Co., Inc., Princeton, NJ. Note: *Total operating costs in the table are based on a representative financial services back office employing 125 workers and occupying 30,000 sq. ft.

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