Nevada, which became the 35th state in the Nation in 1864, is located in the western portion of the United States. While its capital city is Carson City, it is perhaps most well known for the infamous city of Las Vegas. It has been nicknamed the Silver State because of the number of large silver deposits located throughout the state.
In terms of size, Nevada ranks number seven in the nation and includes parts of the Mojave Desert and the Great Basin. Considered to be the most arid, or dry, state over 85% of the land is owned by the Federal government. In 2008 the total population of the state was 2.6 million, but more than 85% of the residents live in either greater Reno or Las Vegas.
Nevada is well known for its simple marriage and divorce laws. It is has legalized gambling and is a popular entertainment destination. Nevada has also legalized prostitution in half of its counties.
Nevada has the 6th highest per capita income in the country ($39,853 in 2007). In 2007 the total state product was $127 billion owing in large part to the entertainment and casinos of Las Vegas and Reno as well as resorts in Laughlin and Lake Tahoe. Other industries include agriculture, nuclear testing, military and governmental services.
Important Commercial Facts on Nevada
1. Nevada has a large mining base. While silver is still mined, gold is by far the largest mined mineral in the state. In fact, the gold mined in Nevada is 8.7% of the total world product. Other minerals include lithium, diatomite, gypsum, copper and several aggregates used in construction.
2. Nevada has a large ranching base. Both cattle and sheep are ranched throughout the state. Over 90% of the cropland found in Nevada is used to grow feed for the ranches mainly alfalfa and hay.
3. Nevada has no corporate income tax and no personal income tax.
4. Important industrial applications including printing, electric equipment and food processing take place throughout the state.
While Nevada is most well known for the bright lights of Las Vegas, its large agricultural base, mining activities and more have turned into one of the most successful states in the country.
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