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Corporate Relocation

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). This bodes well for corporate employees who will need to seek housing in Las Vegas since the average median price for a home in San Francisco is up 10.1% from the previous year at “$300,600” (Median 2). Further, in areas like San Francisco people often have to make long commutes to work so they can find more affordable housing on the outskirts of cities. More corporate employees will be able to find affordable housing closer to work, thus eliminating many of the traffic congestion and c...

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Corporate Relocation. (1969, December 31). In LotsofEssays.com. Retrieved 12:19, April 19, 2024, from https://www.lotsofessays.com/viewpaper/1685259.html