An invigorated workforce, affordable costs of doing business, and a collaborative atmosphere all contribute to Vegas’ status as one of the best cities to live and start a business. More and more business owners are opting to either start their businesses in Vegas or move their operations to Vegas – and it’s not hard to see why.
According to the Downtown Project team, their goal is to “build the most community-focused large city in the world by inspiring and empowering people to follow their passions to create a vibrant, connected urban core.”
Zappos began in San Francisco, CA, but moved to Las Vegas in 2013. CEO Tony Hsieh was attracted to the customer service-oriented Las Vegas workforce and the significantly lower cost of doing business. Now, Zappos is helping to transform the Downtown area into an inspiring, collaborative community.
What began as a PR firm operating out of a garage has grown into a reputable company with clients including Pawn Stars, the Grammys, and The Cupcakery. With such a large client base and an opportunity-rich market, the company has found plenty of success and is now based in a premium office near the Strip (for which they pay about $0.99 per square foot).
Pamela Jenkins, owner of The Cupcakery, saw a gap in the growing Vegas market, capitalized on that gap, and found major success. She noticed a lack of true mom-and-pop shops in the Vegas area and opened a cupcake shop that quickly earned a cult following in the city. Jenkins took advantage of the low business costs and an enthusiastic customer base to build her brand.
Many people are turning to Vegas to start their business, for reasons such as:
So you’re convinced that Vegas in your company’s new home. What’s next?
The Las Vegas business culture is one born from innovation. If you have a big idea or want to shake up the way things are typically done in your industry, go for it!
One of the biggest draws for most companies looking to move to (or start in) Vegas is the inspiring atmosphere. The booming job market and growing economy are cultivating an energy that is sure to spark inspiration.
This city is full of world-class talent. Connect with others who you can help and who can help you.
Starting a business in Vegas comes with a multitude of perks – some obvious, some pleasantly surprising. Lower taxes and cheaper rent contribute to the significantly lower costs of doing business. From a motivated workforce to an entire community dedicated to the growth of the Vegas economy, your business is sure to be well-supported in its quest for success.
Fannie Mae Approved! 3% down for First Time, 5% down for Primary, 10% down for Secondary. Proud to be VA approved!
Visit The Federal Savings Bank To Get Pre-Approved Today
To learn about our collection of contemporary residences, please fill out the form below or schedule a private presentation with one of our condominium specialists by calling 702.405.9020.