Business Services Industry
Nevada Officials Mine California for Unhappy Business Owners.
Knight Ridder/Tribune Business News, December, 2003
By John G. Edwards, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Dec. 12--Bruce Cowan, chief executive officer of Acclaim Electronics, believes he is part of a trend. The University of California, Los Angeles graduate and California native has abandoned the state and moved his corporate headquarters to Las Vegas.
He likes Nevada's relatively low real estate prices, the lack of taxes on business inventory, the lack of corporate and personal taxes, affordable workers' compensation insurance and a world-class airport. Cowan estimates that his operational costs run 20 percent to 25 percent lower than they did in Carlsbad, Calif.
"What's not to like? The air quality is better and the mayor is entertaining," Cowan said of...
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