Nevada

Overview

Nevada is known as "the Battle Born State” because it became a state during the Civil War. It is officially the driest state in the nation, with some parts receiving less than four inches of rain annually. The state’s financial origins were with the Comstock Lode, the richest known silver deposit in America. Nevada historically became a large mining state, and gold is still a larger driver of the economy. The state also contains a unique tourism industry in the cities of Reno and Las Vegas, which became well known for gambling, divorce, and debauchery. Today, gambling is the state’s biggest source of income. Nevada is a great state for those small businesses looking to get started in the tourism industry.

Industry Stats

• Over 121,000 people work in traveler accommodation in Nevada. This makes up a staggering 10.2% of the state’s workforce. For comparison, traveler accommodation usually holds between 1-2% of the workforce.

• Couples spent an average of $29,026 on weddings in Nevada in 2015, almost $3,000 above the national average.

• More people work in amusement and recreation in Nevada than in construction and real estate combined.

• There is only one primary care physician for every 57 patients in Nevada.

• Over 3.3 billion was spent on weddings in this state last year.

• More people work in restaurants than in construction in this state.

Nevada is unique in that its economy is largely tourism-centric. This can help seasonal businesses that intelligently maximize the gains they make during the on-season. Additionally, Nevada has large amounts of cheap land, low taxes, and good benefit programs.

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