Nevada's attractive tax climate is complemented by limited incentives to attract companies that create diversified, well-paying employment opportunities for citizens. Local businesses planning expansion programs which will create additional new jobs may also benefit from these programs. Highlighted briefly below are programs of interest. Companies are encouraged to verify current eligibility requirements early in the relocation or expansion process.
Sales & Use Tax Abatement Program
An abatement of sales and use tax on eligible machinery and equipment may be provided to businesses whose operations are consistent with Nevada's state plan for economic diversification and development. Businesses must meet qualification criteria as determined by the State of Nevada Governor's Office of Economic Development (GOED). Eligibility criteria includes, but is not limited to: a commitment to doing business in Nevada, job creation, provision of a medical insurance plan, capital investment and average hourly wage requirements.
Sales & Use Tax Deferral Program
The State of Nevada may offer a sales and use tax deferment to qualified industries that purchase specific types of capital equipment in excess of $100,000. Businesses must meet qualification criteria as determined by the State of Nevada Governor's Office of Economic Development (GOED).
Personal Property Tax Abatement
Partial personal property tax abatements may be obtained by new and expanding businesses that meet the overall objectives of the state plan for economic diversification and development. In order to qualify, businesses must meet a number of statutory requirements that have been established by the State of Nevada Governor's Office of Economic Development (GOED).
Modified Business Tax Abatement
The Modified Business Tax Abatement Program provides a partial abatement of the applicable tax to qualified new businesses and local businesses that are expanding. Qualification criteria are determined by the State of Nevada Governor's Office of Economic Development (GOED).
Utility Franchise Fee Waiver
The City of Henderson, subject to the minimum requirements listed below, can provide for a partial exemption from the payment of the Public Utilities License Fee tax for gas and/or electricity. Requirements:
- That the business operates upon a site zoned for industrial use or upon a site pursuant to a variance authorizing industrial use of property otherwise zoned; and
- That the business consumes electrical energy or natural gas for the manufacture or processing of goods; and
- That the aggregate cost of the energy or service so consumed or used by the business is at least five thousand ($5,000) dollars per month; and
- That the business markets at least fifty percent (50%) of its products in interstate commerce.
Job Training & Recruitment Services
There are a number of resources available to new or expanding businesses in the areas of employee training and recruitment.
Nevada JobConnect provides a number of labor related services and incentives to Nevada employers. Through the Silver State Works program, employers participating in the program may be provided opportunities to receive incentives in order to hire pre-screened qualified workers to staff their business.
Customized job training may also be offered to qualified businesses that meet established criteria under the Train Employees Now (TEN) Program offered through the State of Nevada Governor's Office of Economic Development (GOED). This program provides short-term, skills based intensive job training to assist new and expanding firms to reach productivity quickly. The program is intended to fit the firm's needs and is designed jointly by the firm and state agencies as well as training providers such as the community college or others identified by the firm.
Redevelopment Zone Incentives
Businesses locating within a redevelopment area may be able to take advantage of several opportunities to expand and enhance their operations. A variety of incentive programs have been designed by the Henderson Redevelopment Agency that include, but are not limited to: sign grants, facade improvement grants, and tenant improvement grants.
Renewables, Conservation & Efficiency Incentives
The Southern Nevada Water Authority (SNWA) helps businesses save water and money by offering a number of valuable incentives and services.
The Database of State Incentives for Renewables and Efficiency is a comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. Visit the webpage for information on opportunities in Nevada.
Business Relocation and Expansion Services
The City of Henderson Economic Development staff and our community resource partners are available to identify and offer a wide array of incentives, services, and critical information that is of value to your company before, during, and after establishing an operation in the City of Henderson. For additional information, please call (702) 267-1650 or feel free to submit a request for this information via our Information Request Form.