Corporate Relocation
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Las Vegas is one of the most lucrative and business friendly environments in the country. It is the fastest growing metropolitan region in the United States, “population has doubled to more than 1 million in the past decade, and it’s expected to hit 2 million by 2007 and 3 million by 2015” (Rebchook 1997). The infrastructure, while not as developed as other major metropolitan areas, is quickly becoming developed due to the enormous amount of money being spent on improving and building it, “There is not another city on planet Earth that is currently investing $10 billion in infrastructure” development (Rebchook 1). Further, Las Vegas is ranked at number one where job creation and personal income increases are concerned. As a further incentive to relocating there, it is a tax haven compared to other metropolitan areas, “We have a very business-friendly environment here…There are no state corporate income taxes, franchise taxes and personal income taxes” (Rebchook 2). Las Vegas is also very affordable where the average purchase price of a home is concerned, especially compared with other metropolitan areas. Increased competition has brought profit margins down on the average priced home from 12 percent to 6 percent and the average median price of a home in Las Vegas, according to the National Association of Realtors (NAR) is “$119,100” though this figure does represent a 4.1% increase over the previous year (Median 1).
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n 1). Additionally, Miami boasts a state with 12 international airports, 13 foreign trade zones, 800 multi-use, industrial, R&D and office parks, 17,000 manufacturing firms, and the nation’s second-largest aerospace and defense oriented businesses (Sinderman 1). Miami is also becoming a global corporation point of operation because it is one of the world’s largest market economies and is a center of international banking. The growth in international banking promotes economic growth and Florida represents a leading international economic market, “Florida has the fifth largest economy among the 34 market economies of the Americas, and the 16th-largest economy in the world…14.5 million consumers, a gross state product of nearly $370 billion, and well over $56 billion in merchandise trade…it is also the center of the 750 million consumer market of the Americas” (Sinderman 1). This all bodes well for the corporation faring economic downturn because of a possible recession since the economy in Florida is so diverse and internationally oriented.
Where transportation is concerned, while Miami boasts a highly developed transportation infrastructure, its highways were designed and built in the 1960s and 1970s and are unable to sus
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Approximate Word count = 1249
Approximate Pages = 5 (250 words per page)
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