Nevada State Bank has released the results of its sixth annual survey of Nevada business owners and managers. The report reveals overall optimism about the local and national economies, though it does show some tempering of last year’s buoyancy. The bank surveyed more than 400 small business decision-makers about the economy, business environment, revenue and profitability, employment, community involvement, and the overall outlook for small businesses in Nevada.

It's available as a free download. Just click the button below or the image to the right.

Highlights of this year’s survey include:

  • More than 81 percent of those surveyed believe Nevada’s economy is headed in the right direction. That was roughly 10 percent more than those who said the same about the national economy.
  • The top concerns for businesses continue to be healthcare costs, government regulation and business taxes—while their biggest challenge is hiring and retaining quality employees.
  • Nearly 3 in 5 respondents believe Nevada’s business environment has gotten better over the past year. In addition, more than half (53.5 percent) of small business respondents saw increases in their business revenues or sales over the past 12 months.
  • A majority of respondents believe that interest rates will increase over the next year. More than half (50.2 percent) of respondents expect interest rates to increase modestly in 2019, following the rate increases in 2018.
  • More than 39 percent of respondents are in favor of using incentives to attract new businesses and investments to the state.
  • Roughly 38 percent of respondents believe that bringing major sporting events to Southern Nevada will have a positive impact on their small business.

We’re happy to share these survey results with you as part of our ongoing commitment to helping Nevada businesses thrive and grow. To learn more about how we can help your company open the door to a bright future, drop by any branch, visit us online at nsbank.com/business, or call us at 855-580-NVSB.

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Click here to see the press release about the Small Business Survey results.

 


Click on an image below to view previous Nevada State Bank Small Business Surveys: