Las Vegas, Nevada, October 26, 2025
News Summary
Las Vegas has become a prime destination for tech companies post-COVID, driven by lower taxes and a supportive business environment. The recent Vegas Tech Summit showcased the city’s appeal, with successful relocations of firms like NexRep and Skillz. Industry leaders highlighted the potential of Nevada’s evolving economy and emphasized partnerships with local educational institutions for workforce development. As tech firms flourish, the health care sector is also projected to grow significantly, diversifying the local economy and benefiting the community.
Las Vegas Attracts Tech Companies with Lower Taxes and Supportive Business Environment Post-COVID
Las Vegas, Nevada, has become a magnet for technology companies aiming to establish operations in a business-friendly environment following the challenges presented by the COVID-19 pandemic. The recent Vegas Tech Summit, which gathered technology leaders from several industries, highlighted the city’s appeal to tech businesses, fueled by lower tax rates and reduced regulatory barriers.
The summit was initiated by Teddy Liaw, founder of NexRep, who made the move from San Francisco to Nevada due to concerns over California’s political climate. In Nevada, he found a location that he believes is more conducive to running a successful business.
Brandon Sim, founder and CEO of Astrana Health, shared a similar sentiment, relocating his company from California. He observed a migration of patients and clients to Nevada, further supporting his decision. The relocation of companies like these not only diversifies the local economy but also enhances the tax base, a positive outcome for the state.
Post-Pandemic Benefits and Growth
The economic landscape in Nevada has evolved, especially in light of the Pacific Palisades Fire in California, which resulted in significant delays for rebuilding efforts. In contrast, Nevada’s business-friendly policies enabled quicker operations and less bureaucratic intrusion into business dealings. This streamlined approach fosters a sustainable environment where tech firms can flourish.
Discussions during the Vegas Tech Summit focused on how the changing political climate and trade tariffs continue to impact the tech industry. Leading CEOs, including Piotr Tomasik of TensorWave, expressed their support for the current administration’s pro-business policies. As a result, Nevada is making strides in diversifying its economy, moving beyond its traditional reliance on tourism and gaming. The health care sector has become particularly vital, emerging as the third-largest employer in Southern Nevada and expected to surpass tourism as the second-largest employer by 2028.
Recognizing Innovative Contributions
The Vegas Tech Summit also recognized the significant achievements within Southern Nevada’s tech landscape by presenting the 2025 Top Tech Awards. Among the companies celebrated, Skillz, a mobile gaming innovator, relocated its headquarters from San Francisco to Las Vegas in 2023. Skillz employs over 100 individuals, with an average salary of around $100,000, offering them a higher quality of life compared to their previous location in California.
Skillz operates under a business-to-business-to-consumer model, providing software that enables game developers to create competitive gaming environments. This further highlights the advantages Nevada offers for tech startups, such as accessible officials and a nurturing community atmosphere.
Partnerships and Community Engagement
The Vegas Tech Summit is not merely a networking event; it emphasizes collaboration between local companies and educational institutions like UNLV. The initiative aims to foster partnerships that can improve job readiness and create more opportunities for the workforce.
Additionally, Asal Gibson’s establishment of CyRoot Academy highlights the commitment to social responsibility within this growing sector. The academy is aimed at providing no-cost technical education to veterans and underserved communities in Las Vegas, showcasing a strong community engagement from relocating tech firms.
Key Takeaways from the Vegas Tech Summit
- Las Vegas is attracting tech companies due to lower tax rates and favorable business policies.
- Notable relocations include NexRep, Astrana Health, and Skillz.
- The health care sector is rapidly growing and becoming a significant employer.
- Partnerships with local educational institutions are being emphasized for workforce development.
- Community contributions are being prioritized through initiatives like CyRoot Academy.
FAQs
What is the Vegas Tech Summit?
The Vegas Tech Summit is an annual event that gathers technology leaders to discuss the industry and attract tech companies to Las Vegas.
Who initiated the Vegas Tech Summit?
The summit was created by Teddy Liaw, founder of NexRep.
Why are companies moving to Nevada?
Companies are relocating to Nevada due to lower tax rates and less regulatory red tape compared to places like California.
What can be expected from the health care sector in Southern Nevada?
The health care sector is currently the third-largest employer in Southern Nevada and is projected to grow to second by 2028.
What educational initiatives are associated with the Vegas Tech Summit?
The summit aims to build partnerships with local educational institutions like UNLV to enhance job readiness and opportunities in tech.
Key Features Summary
| Feature | Details |
|---|---|
| Event Name | Vegas Tech Summit |
| Organizer | Teddy Liaw, founder of NexRep |
| Key Focus | Attracting technology companies to Las Vegas |
| Benefits for Businesses | Lower tax rates, less regulatory red tape |
| Major Relocations | NexRep, Astrana Health, Skillz |
| Health Care Sector | Third-largest employer, projected growth to second by 2028 |
| Community Engagement | CyRoot Academy for veterans and underserved communities |
Deeper Dive: News & Info About This Topic
- Vegas Inc: 2025 Top Tech Awards
- Review Journal: All Employees Make At Least $100K
- Business Wire: Dot Ai Completes Business Combination
- CIO: Fastest Growing US Tech Hubs
- Wikipedia: Technology in the United States
Author: STAFF HERE CORONADO
The Coronado Staff Writer represents the experienced team at HERECoronado.com, your go-to source for actionable local news and information in Coronado, San Diego County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Coronado Island Film Festival, productions at Lamb’s Players Theatre, community workshops at John D. Spreckels Center, and iconic celebrations at Hotel del Coronado. Our coverage extends to key organizations like the Coronado Chamber of Commerce and Visit Coronado, plus leading businesses in hospitality, dining, and tourism that drive the local economy. As part of the broader HERE network, including HERESanDiego.com, HEREHuntingtonBeach.com, HERELongBeach.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
