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 Las Vegas - Business Information

Business Facts

GDP per capita: $37,600
Major Exports: Capital Goods, Software, Automobiles, Industrial Raw Materials, Consumer Goods & Agricultural Products
Major Foreign Exchange Counters: Western Union & American Express
Key Industries: Tourism, Gambling, Entertainment, Service, Trade Show, Mining & IT
Major Industrial Areas: Apex Industrial Area & Nellis Area
Major Business Hubs: Las Vegas Convention Center, Sands Expo & Convention Center, Mandalay Bay Convention Center, The Strip, Railroad District, Douglas Avenue, Bridge Street, New Town Mills Avenue & Grand Avenue

Business Overview
As Nevada constantly is recognized as one of the most business-friendly states of US, Las Vegas plays a major role in maintaining this position of the state. Some of the leading business authorities such as Inc., Fortune, Entrepreneur, Sales and Marketing Management and Forbes regularly recognize Vegas as one of the best metros in the country to do business.

The primary drivers of the city’s economy have been tourism, gaming and conventions, which in turn feed the retail and dining industries. Besides large hospitality and casino industries, many technology companies are also located in Las Vegas to support electronic gaming and telecommunication industries.

Vegas further is a popular destination for tours and conventions. Many of the biggest conventions, trade shows and meetings in the United States, such as COMDEX, an annual computer show are held in the city.

Along with entertainment, service industries are also one the largest employer in Las Vegas. The major single employer of the city is the Clark County School District. Besides Tourism, Marketing and Promotion; marriage, divorce, tax, incorporation and other legal services draw numerous legal service industries. Therefore, jobs are plentiful, thanks to a booming local economy and a pro-business environment in the city.

Further the cost of living of Las Vegas is lower than any other comparable US cities, in part because of the absence of any personal income tax. Every year, another two acres of Las Vegas land are developed for commercial use and constant population growth means the increasing importance of the housing construction industry too.

Major Business Centers
The Las Vegas Convention Center:
Located on the northern end of the Las Vegas Strip, the Las Vegas Convention Center is one of the largest meeting place for business, gathering place for conferences and a frequently used spot for expos and shows in the world.

Situated just adjacent to the Las Vegas Hilton Hotel, the center is well known among industry professionals for its versatility. Operated by the Las Vegas Convention and Visitors Authority (LVCVA), the venue occupies total space of 3.2 million sq. feet including exhibit space and meeting rooms

Sands Expo & Convention Center:
The second largest convention center in the Las Vegas, Sands Expo & Convention Center was opened in 1990 across the street from the original Sands Hotel.

The center occupies more than 1.8 million sq. ft of show floor and meeting space and every inch of it can be constructed and changed to suit the needs of the event or exhibitor. It is frequently used for large number of conventions and as overflow space for expositions that outgrow the Las Vegas Convention Center.

The Sands Expo is owned and operated by the Las Vegas Sands Corporation is located at Flamingo Rd on the Las Vegas Strip.

Mandalay Bay Convention Center:
Mandalay Bay Convention Center is the latest and largest meeting facility of Las Vegas and is the fifth largest convention facility in United States.

With one million sq. feet of exhibition space, three levels of elegantly decorated, multi-purpose meeting and function space, four pillar less high-ceiling ballrooms, the largest pillarless hotel ballroom in the nation, the Convention Center is one of the largest privately owned and operated convention centers in the world.

Major Commercial Hubs
The Las Vegas Strip:
Also known as The Strip or The Boulevard, the Las Vegas Strip is around 7 km long Boulevard South partly in Las Vegas and has been designated an All-American Road. Most of the largest hotels, casinos and resort properties of Las Vegas and of the world are located on this Strip.

Over the years, the Strip has changed many names like Arrowhead Highway, "Salt Lake Highway", U.S. Highway 91 and "Los Angeles Highway". This most happening strip of Vegas provide glimpses of some of the most famous landmarks of the world like skylines of New York and Paris, the canals of Venice and the Pyramids of Egypt and a full on-sea battle scene between a Pirate ship and a British Galleon.

Major Manufacturing Zones
Nellis Area:
Nellis Area I (Air Force Base)
The primary operations of Nellis take place at the east of Las Vegas Boulevard.

The Area I consists of industrial and administration facilities, with two runways providing space for up to 300 aircraft, recreation and shopping facilities, single housing and some family housing.

Nellis Area II
The Area II of Nellis is located at the northeast edge of the main base. Besides being home to the 820th RED HORSE Squadron and 896th Munitions Squadron, the area is the largest aboveground weapons storage complex in the United States.

Nellis Area III
Area III is located in west of the main base. With Mike O’Callaghan Federal Hospital, more family housing, administration and industrial areas are located here.

Apex Industrial Area:
Located in the area is the Apex Industrial Park, the largest industrial park in Southern Nevada with nearly 10,000 acres of land supporting a wide variety of industrial uses. As the Park grows, both commercial and retail development expands simultaneously to support the surrounding industries. The Park is roughly 4 miles from the urban Las Vegas Metropolitan area.

At the northern end of Apex, an industrial complex of manufacturing plants and power plants running along the Union Pacific Railroad line is placed.

Recently, a special improvement district (SID) has been started by the owners of Apex providing water, sewer and power facilities to all areas of the park through municipal bond financing. Therefore, Apex efficiently provides much needed relief for the strong demand and continued growth of the Las Vegas industrial market.








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