Nevada State Bank’s 2018 Small Business Survey Report will soon be available online with highly targeted, statewide research on business trends, opinions, and priorities. “This year’s survey shows that Nevada businesses are doing better than they have in years and that the people who run these companies are increasingly optimistic about the state, national, and local economies,” said Terry Shirey, president and CEO of Nevada State Bank. “The statistics really highlight the confidence of our business community. We were especially encouraged to see that more business leaders expect to hire more people and anticipate continued revenue growth in the year to come. The impact is rippling and will be felt in all aspects of our economy.”
For the past five years, the bank has contracted with Applied Analysis, Nevada's leading economic, fiscal, and policy research firm, to conduct a science-based, statistically significant survey with questions about the economy, finance, employment, community involvement and the overall outlook for small businesses in Nevada. They survey more than 400 small business owners and decision-makers throughout the state to gain valuable insights into what Nevada business people think about important issues and how they plan to deal with them. To register to receive a free copy, please visit NevadaSmallBusiness.com/survey.
Highlights of the 2018 Nevada State Bank Small Business Survey Report include:
- More than 87 percent of respondents believe Nevada’s economy is headed in the right direction – the highest level of confidence in the five-year history of this survey.
- Nearly 53 percent of Nevada small business leaders said their company revenues increased over the past year – with more than 70 percent of them expecting that trend to continue over the next 12 months.
- More than 42 percent plan to increase their employee base over the next 12 months.
- Nearly half of those surveyed approved of the state’s use of tax incentives to attract new business investment, while only 15 percent opposed it.
The Nevada State Bank Small Business Survey Report can help businesses follow trends, compare their company to others, and make strategic plans for the future. Want to know Nevada business people’s opinions on other important topics? Is your competition planning to expand? Where are employers finding qualified team members? These questions and many more can be answered by accessing the valuable data in the Survey Report.
Nevada State Bank also provides a wealth of business resources at NevadaSmallBusiness.com, a one-stop digital resource center for business owners, executives and entrepreneurs. Whether you’re starting, growing, or managing your company, you’ll find helpful information there.
“We’re happy to share these survey results as part of our ongoing commitment to helping Nevada businesses,” said Shirey.
To learn more about how Nevada State Bank can help your company open the door to a bright future, drop by any branch, visit nsbank.com/business, or call 855-580-NVSB. It Matters Who You Bank With.
The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. Any views expressed in this article may not necessarily be those of Nevada State Bank, a division of ZB, N.A. Member FDIC