e-Commerce Growth & Expansion Opportunities in NevadaNV Energy Economic Development Our dedicated...
Transcript of e-Commerce Growth & Expansion Opportunities in NevadaNV Energy Economic Development Our dedicated...
e-Commerce Growth & Expansion Opportunities in Nevada
NV Energy Economic DevelopmentOur dedicated Business Development team strategically works to facilitate business site location, relocation and expansion in Nevada.
• Nevada e-Commerce Companies • Nevada Logistics/3PL Spotlight • Logistics Map• Labor• Rail Service • Nevada Business Advantages• Potential Sites • Electric Cost Comparisons • Renewable Resources & Options
Nevada e-Commerce Companies
Nevada Third Party Logistics Companies - 3PL3PL companies offer personalized supply chain solutions with dedicated fleets and asset-lite transportation services. Third Party logistics, support between you and your customer. Use a third party business to outsource portions of:• Distribution • Packaging• Transportation• Warehousing• Fulfilment Services
Logistics Map
• One day truck service to seven states and over 56 million people.
• Two day truck service to 11 states and over 64 million people.
Nevada Labor
Source: EMSI, NV DETR and BLS
Nevada
Nevada, Clark County
Northern Nevada: Washoe, Lyon and Storey Counties
NAICS Description 2019 Jobs 2020 Jobs Jobs YOY 2019-2020
Avgerage Earnings Per
Job
Current Supplements
Current Wages, Salaries, & Proprietor Earnings
2019 Location Quotient
425110 Business to Business Electronic Markets 70 71 $82,489 $6,008 $76,481 0.23425120 Wholesale Trade Agents and Brokers 3,318 2,884 $118,639 $16,185 $102,454 0.70452311 Warehouse Clubs and Supercenters 12,978 13,069 $33,859 $5,479 $28,380 0.97452319 All Other General Merchandise Stores 3,843 4,096 $43,478 $6,899 $36,579 0.80453998 All Other Miscellaneous Store Retailers (except Tobacco Stores) 4,630 5,236 $38,746 $5,861 $32,885 2.65517911 Telecommunications Resellers 433 425 $91,673 $17,205 $74,469 0.91519130 Internet Publishing and Broadcasting and Web Search Portals 1,328 1,422 $94,351 $8,668 $85,683 0.50519190 All Other Information Services 126 127 $62,287 $6,166 $56,121 0.54
26,726 27,330 2.26% $70,690 $9,059 $61,631
NAICS Description 2019 Jobs 2020 Jobs Jobs YOY 2019-2020
Average Earnings Per
Job
Current Supplements
Current Wages, Salaries, & Proprietor Earnings
2019 Location Quotient
425110 Business to Business Electronic Markets 60 61 $83,089 $6,349 $76,740 0.27425120 Wholesale Trade Agents and Brokers 2,479 2,177 $118,809 $16,162 $102,647 0.72452311 Warehouse Clubs and Supercenters 8,003 8,067 $33,274 $5,385 $27,889 0.82452319 All Other General Merchandise Stores 2,691 2,873 $43,891 $6,941 $36,949 0.76453998 All Other Miscellaneous Store Retailers (except Tobacco Stores) 3,646 4,127 $39,118 $5,939 $33,179 2.86517911 Telecommunications Resellers 368 361 $83,765 $15,686 $68,079 1.06519130 Internet Publishing and Broadcasting and Web Search Portals 943 991 $96,599 $8,824 $87,774 0.48519190 All Other Information Services 120 120 $60,949 $6,033 $54,916 0.70
18,310 18,776 2.55% $69,937 $8,915 $61,022
NAICS Description 2019 Jobs 2020 Jobs Jobs YOY 2019-2020
Average Earnings Per
Job
Current Supplements
Current Wages, Salaries, & Proprietor Earnings
2019 Location Quotient
425120 Wholesale Trade Agents and Brokers 517 456 $111,967 $15,352 $96,615 0.61452311 Warehouse Clubs and Supercenters 2,786 2,793 $34,824 $5,635 $29,188 1.15452319 All Other General Merchandise Stores 691 739 $45,967 $7,359 $38,608 0.79453998 All Other Miscellaneous Store Retailers (except Tobacco Stores) 705 802 $39,459 $5,976 $33,483 2.23517911 Telecommunications Resellers 27 24 $135,884 $25,302 $110,582 0.32519130 Internet Publishing and Broadcasting and Web Search Portals 250 283 $94,143 $8,750 $85,393 0.52
4,976 5,097 2.42% $77,041 $11,396 $65,645
Nevada Labor
Sources: EMSI, NV DETR and BLS
26,726
18,310
4,9760
5,000
10,000
15,000
20,000
25,000
30,000
Nevada Clark County, NV Northern Nevada
2019 e-Commerce Jobs
27,330
18,776
5,0970
5,000
10,000
15,000
20,000
25,000
30,000
Nevada Clark County, NV Northern Nevada
2020 e-Commerce Jobs
*All counties are represented in Nevada Jobs. Northern Nevada includes Washoe, Lyon & Storey Counties.
Rail Service
Northern Nevada Service Providers• Burlington Northern Santa Fe
• Shared access rail rights• Union Pacific
Southern Nevada Service Provider• Union Pacific
Source: www.seekingalpha.com
Nevada Business Advantages
• Nevada has a low and business friendly tax climate• Low cost renewable options• Proximity to major ports• Low cost of operation• Tax Abatements
• 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%.
• Modified Business Tax Abatement - An abatement of 50 percent of the 1.475% rate on quarterly wages exceeding $50,000.
• Personal Property Tax Abatement - An abatement on personal property not to exceed 50% over a maximum of 10 years.
• Real Property Tax Abatement for Recycling - Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses.
Nevada Tax Advantages:
No personal state income tax No franchise tax No special intangible taxNo corporate income tax No inventory tax No inheritance taxNo estate and/or gift tax No unitary tax
Potential Locations
Northern Nevada: Reno properties9575 North Virginia Street9560 North Virginia Street9565 North Virginia Street
Southern Nevada6350 Howdy Wells Avenue5265 North Sloan Lane6401 Howdy Wells Avenue
Echo Avenue and Mt LimboLear Boulevard9555 North Virginia Street
6501 Howdy Wells Avenue6601 Howdy Wells Avenue
Nevada has numerous sites throughout the state supported by reliable NV Energy infrastructure for your electric loads.
9585 North Virginia Street9595 North Virginia Street
Potential Locations – Industrial ParksNorthern NevadaTahoe Reno Industrial CenterNorthern Nevada has new premium locations that are in development. NV Energy will closely monitor these sites and will provide periodic updates.
Southern NevadaCity View Industrial ParkVegas Industrial ParkGolden Triangle 29Golden Triangle 24Golden Triangle 27Miner's Mesa Industrial Park
Electric Cost Comparisons • Thru December 2019,
Nevada's average retail price for commercial customers was 16.4% lower than Mountain states, 52.7% lower than California, and 25.1% lower than the US.
9.55 10.39 10.12
7.68
10.49
7.989.94
8.389.70
14.54
16.86
8.88 8.7610.66
0.002.004.006.008.00
10.0012.0014.0016.0018.00
cent
s pe
r kilo
wat
thou
r
2019 Commercial Rates
• Thru December 2019, Nevada's average retail price for industrial customers was 3.2% lower than Mountain states, 55% lower than California, and 10.8% lower than the US.
Source: US Energy Information Administration
6.29 6.327.23
6.105.35
6.095.39 5.95
6.69
9.95
13.52
6.224.86
6.83
0
2
4
6
8
10
12
14
16
Cen
ts p
er K
ilow
atth
our
2019 Industrial Rates
Low Cost Renewable OptionsNV Energy is committed to low cost renewable solutions for our customers. In June, 2020 NV Energy filed a historic $120 million reduction for southern Nevada customers, which if approved will go into effect on January 1, 2021. That is in addition to a statewide decrease in customer rates of $105.7 million effective April 1, 2020 and another $30.6 million if approved by the Public Utilities Commission of Nevada effective on October 1, 2020. In addition to our commitment to low costs, NV Energy is also working with our customers to create new tariffs like the Large Customer Market Price Energy tariff approved in April, 2020 to support our ever changing customer needs.
Large General Service-3 Transmission Tariff (Standard South)• Current open rate class for customers with a minimum demand of 1000kW serviced at
60kV or above. No contract or agreement required. Renewable mix at 21%, growth to 50% by 2030.
General Service-3 Transmission Tariff (Standard North)• Current open rate class for customers with a minimum demand of 1000kW serviced at
60kV or above. No contract or agreement required. Renewable mix at 21%, growth to 50% by 2030.
Renewable Resources• Customers are currently
benefitting from:• 15 Geothermal projects• 27 Solar projects• 4 Biomass/ methane/
waste heat• 5 Small hydro & Hoover
Dam• 1 Wind project
• 1,591 MWs of new solar with 690 MW of Battery Storage under construction, in development or pending regulatory approval
Contact InformationContact:Jeff Brigger – Director, Business [email protected] | Cell: 775-354-8810
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Resources:NV Energy Economic Development websiteNevada Site LocatorGovernor's Office of Economic Development