Las Vegas, October 26, 2025
News Summary
Las Vegas is quickly establishing itself as a technology hub thanks to lower taxes and a favorable business environment. The recent Vegas Tech Summit showcased the city as an attractive destination for tech firms, highlighting the trend of companies relocating from California. Educational initiatives like CyRoot Academy and the growth of the health care sector further underscore these developments. With a focus on innovation and community involvement, Las Vegas is transforming its economy from tourism to technology.
Las Vegas is emerging as a new hub for technology companies, driven by lower taxes and a supportive business environment. The annual Vegas Tech Summit took place to promote the Las Vegas Valley as an attractive destination for tech firms, reinforcing its position as a growing tech ecosystem in the post-COVID era.
The summit was founded by Teddy Liaw, the CEO of NexRep, who himself moved from San Francisco to Nevada due to frustrations with California’s political climate. He believes that Nevada presents a more favorable environment for businesses with its lower tax rates and less stringent regulatory requirements.
Brandon Sim, the founder and CEO of Astrana Health, also relocated his company from California to Nevada in response to a noticeable migration of clients and patients. This move reflects a broader trend of companies benefiting from Nevada’s more appealing economic landscape, which includes diversifying business sectors and enhancing the tax base.
The Pacific Palisades Fire in California highlighted the challenges that businesses face in the state, such as prolonged delays in rebuilding, which contrasts sharply with Nevada’s business-friendly policies. In Las Vegas, companies experience considerably less bureaucratic intrusion, facilitating growth and stability.
The Vegas Tech Summit offers pivotal discussions on how political factors and tariffs impact the technology industry, drawing support from numerous CEOs, including Piotr Tomasik of TensorWave, who laud the current administration’s pro-business efforts. Additionally, Nevada is striving to transcend its traditional reliance on tourism and gaming by appealing to emergent technology sectors, notably artificial intelligence and health care.
The health care industry in Southern Nevada is now the third-largest employer and is projected to become the second-largest by 2028. The state also recognizes innovation through accolades like the 2025 Top Tech Awards, which honor significant contributions to the local tech landscape.
In 2023, the mobile gaming company Skillz shifted its headquarters from San Francisco to Las Vegas, employing over 100 individuals with an average salary of around $100,000, significantly improving their quality of life compared to their previous location. Skillz operates a business-to-business-to-consumer model, selling software that allows game developers to establish competitive gaming environments.
Moreover, the Nevada market is regarded as more accessible for tech startups, enabling easier interaction with officials and fostering a supportive community. To strengthen local partnerships, the Vegas Tech Summit encourages collaboration with educational institutions such as UNLV, promoting tangible contributions and engagement by new tech firms in the surrounding community.
Highlighting the community-centric initiatives, Asal Gibson established CyRoot Academy to offer no-cost technical education to veterans and underserved populations in Las Vegas, highlighting efforts to enhance the local workforce and contribute to community growth.
Conclusion
Las Vegas is not only changing its reputation from a tourism-centric economy to a thriving tech hub but also creating opportunities for innovation and professional development. Companies relocating to the area are seeing benefits from favorable business conditions and significant community-oriented initiatives that are positioning the Las Vegas Valley as a viable destination for technology firms.
FAQs
What is the purpose of the Vegas Tech Summit?
The event aims to attract technology companies to the Las Vegas Valley.
Who founded the Vegas Tech Summit?
The summit was created by Teddy Liaw, founder of NexRep.
Why did Teddy Liaw move to Nevada?
Liaw relocated to Nevada from San Francisco due to disillusionment with California’s political climate.
How is Nevada’s economy diversifying?
Nevada is working to diversify its economy beyond tourism and gaming by attracting tech sectors such as AI and health care.
What is CyRoot Academy?
CyRoot Academy was founded by Asal Gibson to provide no-cost technical education to veterans and underserved communities in Las Vegas.
Chart of Key Features
| Feature | Description |
|---|---|
| Event | Vegas Tech Summit |
| Founder | Teddy Liaw, NexRep |
| State Benefits | Lower taxes, less regulation |
| Notable Relocation | Skillz moved from San Francisco to Vegas |
| Community Initiative | CyRoot Academy for veterans |
Deeper Dive: News & Info About This Topic
- Vegas Inc: 2025 Top Tech Awards
- Review Journal: Company Paying 100k
- Business Wire: Dot Ai Completion
- ABC7 News: Driverless Car Companies
- Freight Waves: Autonomous Trucking in Vegas
- Wikipedia: Technology in the United States
- Google Search: Las Vegas technology hub
- Google Scholar: Las Vegas tech summit
- Encyclopedia Britannica: Las Vegas
- Google News: Las Vegas business news
Author: STAFF HERE BEVERLY HILLS WRITER
The Beverly Hills Staff Writer represents the experienced team at HEREBeverlyHills.com, your go-to source for actionable local news and information in Beverly Hills, Los Angeles 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 Rodeo Drive Concours d'Elegance, the Beverly Hills artSHOW, Concerts on Canon, and holiday celebrations throughout the city. Our coverage extends to key organizations like the Beverly Hills Chamber of Commerce and Visit Beverly Hills, plus leading businesses in luxury fashion, hospitality, and entertainment that drive the local economy. As part of the broader HERE network, including HERELosAngeles.com, HERESantaAna.com, HEREHuntingtonBeach.com, and HERECostaMesa.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
