Las Vegas, October 26, 2025
News Summary
Nevada is attracting technology companies with its favorable business climate, lower taxes, and less regulation, highlighted during the annual Vegas Tech Summit. Key leaders, like Teddy Liaw, emphasize the state’s potential for growth and innovation, especially in sectors such as healthcare and artificial intelligence. Companies relocating from California, such as Skillz, are benefiting from improved conditions. The summit also focuses on educational partnerships and community initiatives that contribute to Nevada’s evolving tech landscape.
Nevada is positioning itself as a prime destination for technology companies, leveraging a favorable business environment marked by lower taxes and less regulatory red tape, especially as organizations adapt to the post-COVID landscape. The annual Vegas Tech Summit, organized by Teddy Liaw, founder of NexRep, serves as a platform for attracting tech enterprises to the Las Vegas Valley.
Liaw’s migration from San Francisco to Nevada was driven by disillusionment with California’s political climate. He believes that Nevada offers a better environment for businesses to flourish. This sentiment is echoed by other tech leaders, such as Brandon Sim, founder and CEO of Astrana Health, who relocated his business from California amid increasing challenges there. The move highlights a growing trend of tech companies relocating to Nevada, drawn by a burgeoning business environment that fosters growth and innovation.
The success of relocating businesses not only diversifies the state’s economic landscape but also enhances the tax base, which is increasingly vital for Nevada’s economy. As evidenced by the struggles stemming from the Pacific Palisades Fire in California, which resulted in significant delays for rebuilding efforts, Nevada’s pro-business policies provide a more conducive atmosphere for business continuity and growth.
The Vegas Tech Summit features discussions on how various factors, including political climates and tariffs, influence the tech sector. Many CEOs, such as Piotr Tomasik of TensorWave, express support for the current administration’s pro-business policies which they believe benefit their operations. Nevada’s ambition to diversify its economy beyond tourism and gaming is manifesting through a focused effort to attract sectors including artificial intelligence and health care.
The health care sector in Southern Nevada has become the third-largest employer and is projected to advance to the second-largest by 2028, indicating significant growth in this area. The 2025 Top Tech Awards presented during the summit celebrated innovative contributions within Southern Nevada’s tech landscape, highlighting the region’s ongoing developments.
One noteworthy example is Skillz, a mobile gaming company that relocated its headquarters from San Francisco to Las Vegas in 2023, now employing over 100 individuals. The company offers a business-to-business-to-consumer model that provides software solutions to game developers, enabling them to create competitive gaming environments. With average salaries around $100,000, employees at Skillz find an improved quality of life compared to their previous locations.
The Nevada market is perceived as advantageous for tech startups, thanks to easier access to officials and the presence of a supportive community. The Vegas Tech Summit aims to promote partnerships between local businesses and educational institutions, notably UNLV, thus laying the groundwork for collaborative innovation and talent development.
In addition, initiatives like CyRoot Academy, founded by Asal Gibson, exemplify community engagement efforts as they offer no-cost technical education to veterans and underserved communities in Las Vegas. This points to a broader commitment within the tech sector to contribute positively to local society while simultaneously driving economic growth.
Key Takeaways from the Vegas Tech Summit
- Las Vegas is positioning itself as a hub for tech companies due to lower taxes and less regulation.
- The annual Vegas Tech Summit aims to attract business to the area.
- Liaw’s move from California reflects a broader trend as companies migrate for better conditions.
- Health care is rapidly growing within the Nevada economy.
- Skillz highlights the advantages of relocating to Nevada, including better salaries and quality of life.
- Local educational partnerships are being forged to support the tech community.
FAQ
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 does Nevada compare to California for businesses?
Nevada is considered a better place to run a business with lower tax rates and less regulatory red tape.
What impact do relocating companies have on Nevada’s economy?
Nevada’s economy benefits from the success of companies that relocate, diversifying businesses, and growing the tax base.
What educational contributions are being made by tech firms in Nevada?
The Vegas Tech Summit aims to build partnerships between local companies and educational institutions like UNLV.
What initiative supports no-cost technical education in Las Vegas?
CyRoot Academy was founded to provide no-cost technical education to veterans and underserved communities in Las Vegas.
Key Features of the Vegas Tech Summit
| Feature | Description |
|---|---|
| Organizer | Teddy Liaw, founder of NexRep |
| Location | Las Vegas Valley |
| Focus Areas | Technology businesses, economy diversification |
| Notable Companies | Skillz, Astrana Health, TensorWave |
| Community Initiatives | CyRoot Academy, partnerships with UNLV |
| Economic Impact | Diversifying businesses, growing the tax base |
Deeper Dive: News & Info About This Topic
- Vegas Inc: 2025 Top Tech Awards
- Review Journal: All Employees at This Las Vegas Company Make at Least $100K a Year
- Review Journal: Las Vegas Lures California’s Elite
- Business Wire: Dot Ai Completes Business Combination
- Wikipedia: Nevada
Author: STAFF HERE HOLLYWOOD
The Hollywood Staff Writer represents the experienced team at HEREHollywood.com, your go-to source for actionable local news and information in Hollywood, 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 Hollywood Bowl summer concerts, the Hollywood Christmas Parade, film premieres at TCL Chinese Theatre, and festivals at the Magic Castle. Our coverage extends to key organizations like the Hollywood Chamber of Commerce and Visit Hollywood, plus leading businesses in entertainment, dining, and tourism that define the local economy. As part of the broader HERE network, including HERELosAngeles.com, HEREBeverlyHills.com, HEREAnaheim.com, and HEREHuntingtonBeach.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
