For the eighth straight year Nevada State Bank has released its annual survey of Nevada small businesses. In the 2021 Nevada State Bank Small Business Survey report, the hardships created by COVID-19 are reflected in the dramatic shift of small businesses’ perspective on the economy, both nationally and in Nevada.

Here are just a few of the results we found in our survey of more than 400 business owners and managers:

  • While more than half of all small businesses cited a reduction in business revenues or sales in 2020, more than 42% anticipate increases this year.
  • Nearly 1 in 3 respondents decreased their staff over the last 12 months. However, 30% plan to increase their employment base during 2021.
  • After the current crisis is over, small businesses estimate it will take about 3 years for the US economy to return to pre-COVID-19 levels, but only 1.8 years for their own business to return to those levels.

Read more about what Nevada business owners are thinking on the recovery, employment, affordable housing, legislation, and more in the 2021 Small Business Survey report.

The report is available as a free download. Just click the button below or the image to the right.

download-survey-blue

 

 

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.

It Matters Who Provides You Business Insights. It Matters Who You Bank With!


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

2020 Survey Screenshot  2019 Survey Screenshot  2018 Survey Screenshot  2017 Survey Screenshot  2016 Survey Screenshot  2013 Survey Screenshot  2013 Survey Screenshot