Hot Spots
Got the itch to move? Looking to expand? Out Hot Cities rankings are back for 2005 and ready to help point you in the right direction.
October, 2005
By Mark Henricks
excerpt from original story
#4 Las Vegas
In 1999, Michele Tell, 38, and James Woodrow, 37, were working for Las Vegas hotels and casinos. "We could see a lot of growth that was going to take place, and we thought this would be a good time to start our own business," says Woodrow, co-founder of Preferred Public Relations. That's putting it mildly.
What the two entrepreneurs saw was a place where low taxes, business-friendly regulations and low living costs--especially compared to nearby California--drive population growth so brisk that a mushrooming economy easily qualified it as the fourth-place Hot City.
More than 6,000 people a month move to Clark County, Nevada, according to the Census Bureau, adding powerful demand for residential and commercial construction and consumer services to an economy already well-founded on robust gaming and tourism. Meanwhile, Tell and Woodruff's entrepreneurial move has turned out to be a solid one. In six years, Preferred Public Relations has grown from a kitchen-table venture employing only the husband-and-wife co-founders to a 15-person operation with $1.5 million in projected 2005 sales.
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