Like many economic indicators, business growth in Nevada has shown mixed signs as the Silver State’s economy has transitioned from recession to recovery. Statewide, the number of private businesses fell fast during the Great Recession, dropping by 6,422 businesses between the high point in the fourth quarter of 2008 and the bottom in the third quarter of 2010. Since losing 8.4 percent of its businesses in less than two years, Nevada has gradually regained most of those numbers over the ensuing four years. According to the latest figures, Nevada reported 74,931 private businesses in the third quarter of 2014, the highest number since mid-2007. That represents a gain of 5,119 businesses (+7.3 percent) since the 2010 low point.
The vast majority of Nevada’s business growth has come in Clark County, which accounted for 94.5 percent of net business growth statewide. Southern Nevada added 4,838 businesses (+10.4 percent) since bottoming out in July 2010. That improvement pushed the business count in Clark County to an all-time high of 51,402 in Q3 2014 (latest data available). That figure was 1.5 percent higher than the 2008 peak of 50,633 businesses.
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