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The 10th edition of Nevada State Bank’s Small Business Survey report marks a decade of survey results and benchmarking. Because information plays a valuable role in strategic planning and decision making, the survey is designed to share insights, identify trends, and help business leaders plan for the future.

Survey results show a realistic but quiet optimism as businesses report their expectation of increased revenues and return to profitability. Though results may reflect an uncertainty with the national economy, they absolutely illustrate the underlying confidence of Nevadans, who believe our state will be able to weather whatever economic storms may come our way.

Here are a few highlights of what you will find in this year’s report:

  • More than 53 percent think Nevada’s economy is headed in the right direction, a 10 percent increase over last year, in contrast to the national economy, which remains a top concern.
  • More than 1 in 4 small businesses reported that Nevada’s economic environment has improved over the past year and nearly half expect it to improve further in 2023.
  • The single most important challenge remains hiring and retaining quality employees, and the majority still find it difficult to find employees locally.

Click here to download the report or click the cover image on the right.

We’re happy to share these survey results with you as part of our ongoing commitment to helping Nevada businesses grow and thrive.

It Matters WHO You Bank With®

 

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

2022 Survey Screenshot  2021 Survey Screenshot  2020 Survey Screenshot  2019 Survey Screenshot  2018 Survey Screenshot  2017 Survey Screenshot    2016 Survey Screenshot2013 Survey Screenshot  2013 Survey Screenshot