• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Nevada Business Magazine

The Decision Maker's Magazine

Subscribe Now!

  • Subscriptions
    • Print
    • Mobile App
    • Email
    • Nevada News & PR Wire
  • Features
    • New This Month
    • View Issues
    • Cover Stories
    • Feature Stories
    • Industry Focus
    • Building Nevada
    • Special Reports
    • Meet the Decision Maker
    • Press Release Wire
    • Nevada Industries
  • Departments
    • A Matter of Opinion
    • Around the State
    • Business Indicators
    • Commentary
    • Commercial RE Report
    • Crossfire
    • Expert Advice
    • Face to Face
    • Free Market Watch
    • Inside Politics
    • Power of Attorney
    • Profit & Loss
    • Speaking for Nevada
    • Tech.knowledge.me
    • The Last Word
    • Vital Signs
  • Planning Calendar
  • Advertising
    • Advertising Info
    • Advertising Staff
    • Submission Requirements
    • Online Advertising
  • Events
    • NBM Events
  • About
    • About the Magazine
    • Contact the Staff
  • Connect
    • Business Directory
    • Press Release Wire
    • Business Calendar
    • Submit Listing
    • Post Press Release
    • Add Your Event
    • Sign Up
    • Log In
You are here: Home / Press Release Wire / Nevada State Bank’s Annual Survey of Small Business Leaders Shows Confidence in Economy at Record High

Receive daily Nevada Business News & PR directly to your inbox.

Nevada State Bank’s Annual Survey of Small Business Leaders Shows Confidence in Economy at Record High

March 13, 2018 By Press Release Wire Leave a Comment

The statewide scientific survey by local firm Applied Analysis was conducted during January on behalf of Nevada State Bank.LAS VEGAS – An annual survey of small business owners and managers throughout Nevada reveals record levels of confidence in the economy, with more than 87 percent of those surveyed believing Nevada’s economy is headed in the right direction.

The statewide scientific survey by local firm Applied Analysis was conducted during January on behalf of Nevada State Bank. To ensure it is statistically significant, the bank surveyed more than 400 small business decision-makers, including owners, operators and executives representing businesses with annual sales ranging from $250,000 to $10 million.

Highlights of this year’s survey include:

  • ” More than 87 percent of those surveyed believe Nevada’s economy is headed in the right direction. That’s up from 77 percent in last year’s survey and represents the highest level of confidence in the five-year history of this survey.
  • ” Likewise, nearly 83 percent of small business leaders in Nevada believe the national economy is headed in the right direction. That’s up from just under 69 percent in last year’s survey and also represents the highest level of confidence in the national economy in the history of the survey.
  • ” More than half of all business leaders (nearly 53 percent of those who responded) 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 said they plan to hire more employees over the next year. That’s up from less than 36 percent who planned to increase their employee count last year.
  • ” The biggest concern for small businesses was rising health care costs, followed by business taxes and government regulations.
  • ” Nearly 25 percent of those surveyed said their businesses gave more to charities this year. And more than 31 percent said their businesses donated to the VegasStrong campaign following the Oct. 1 tragedy in on the Las Vegas Strip.
  • “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.”

The bank’s annual survey asked questions about the economy, finance, employment, community involvement and the overall outlook for small businesses in Nevada.

While optimism about the economy was shared statewide, the survey also shed some light on regional issues. For example, more than 37 percent of business leaders in Southern Nevada believe the stadium being built just west of the Las Vegas Strip will have a positive impact on their business. Meanwhile, more than 41 percent believe the recent wave of professional sports teams moving to Las Vegas will boost their business.

As for regional differences, business leaders in Northern Nevada were more concerned than their counterparts in Southern Nevada about affordable housing. Statewide, more than 46 percent of respondents were either moderately or very concerned about the supply of affordable housing in their communities. Concern was higher in Northern Nevada, where more than 41 percent said they were very concerned about this issue, while fewer than 16 percent of Southern Nevadans said the same.

“This makes sense, since we have an increasingly tight housing supply in both the Reno and Las Vegas areas and since home prices in Reno are now higher than they are in Las Vegas,” Shirey said. “This is an issue worth watching.”

As in past years, the survey showed small business owners throughout Nevada continue to face challenges in recruiting quality employees. Nearly 69 percent said it was somewhat or very difficult for them to recruit quality candidates, though that was down slightly from nearly 71 percent in last year’s survey. A shortage of candidates with sufficient experience was the most common reason cited for this challenge. As a result, more than 32 percent of business leaders said they plan to recruit people from outside Nevada, which is an increase of more than 5 percent from last year’s survey.

To register for a complete copy of Nevada State Bank’s 2018 Small Business Survey, please visit www.NevadaSmallBusiness.com/survey.

About Nevada State Bank (@nevadastatebank)

Nevada State Bank, a division of ZB, N.A., is a full-service bank offering a complete range of consumer, private and business banking services with branches statewide. Founded in 1959, Nevada State Bank serves 20 communities across the state of Nevada. ZB, N.A.’s parent company is Zions Bancorporation, which is included in the S&P 500 and NASDAQ Financial 100 indices (NASDAQ: ZION). For more information on Nevada State Bank, call 702.383.0009 or access www.nsbank.com.

Filed Under: Press Release Wire Tagged With: Applied Analysis, Las Vegas business, Nevada business, Nevada State Bank

Paul Krakovitz: Intermountain Healthcare

Edward Vance: EV&A Architects

Scott Arkills: Silver State Schools Credit Union

Tonya Ruby: Cox Media Las Vegas

Online Advertorials

Online Advertorials

Bank of NevadaFunding Will Provide Nevada Students With Financial Literacy Education

Infrastructure InvestmentsAssure Our Community’s Water Future

Roseman’s College of MedicineAddressing the Physician Workforce Shortage

Groundbreaking LawRequires Businesses Replace Decorative Grass

Advertise With Us

Advertise With Us. more details ►

Primary Sidebar

Get important updates from Nevada Business Magazine, directly to your inbox.
Subscribe

Nevada TaxesWill the Tax Man Cometh to Carson City in 2023?

Industry FocusBusiness Insurance

Medical FacilitiesBuilding Trends Post-COVID

Southern Nevada CCIMPassing the Torch to the Next Generation of Professionals

Nevada News & PR Wire

  • Healing Minds Breaks Ground on Second Location for Mental Health Services

  • Dale Etheridge Planetarium at CSN Hosts NASA Scientists

  • 4th of July Celebration Kicks Off Announcement of Downtown Damonte

  • Henderson Chamber of Commerce Announces 2022-2023 HDA Executive Committee and Board of Trustee Appointments

  • aha! Announces Nonstop Flights to Boise From Reno-Tahoe

  • Nevada Health Link Announces Licensed Broker/Agent Award Grantees for Plan Year 2023

  • Ioneer Commences Trading on NASDAQ

  • Student at Coral Academy of Science Las Vegas Selected to Participate in Year Long Leadership Program

  • Edgewood Companies Appoints Robert Winkel as New Chairman of the Board

  • Virginia Knudsen Announces Gwen Harvey as New Executive Coach for BOAR

  • Nevada State Bank Branches Accepting Donations for the Communities in Schools of Nevada Fill the Bus School Supplies Drive

  • Dickson Commercial Group (DCG) Announces New Healthcare Services Division

  • KPS3 Announces Three New Hires

  • Brian Kleven Joins Nevada Donor Network Governing Board

  • Las Vegas Doctor Warns Of The Dangers Of Handheld Sparklers

  • Southwest Medical Adds a New Physician

  • The State Of Nevada Presents The Launch Of 9-8-8, The Nation’s First Three-Digit Number For Suicide Response.

  • ICRWDA To Host K-9 Officers Competition & Training Seminar In Las Vegas

  • Take on Summer With Dunkin’s New Lineup of Iced Drinks

  • Nonprofit Cristo Rey St. Viator College Preparatory High School Kicks off Summer Campaign to Gain Additional Business Partners for Student Work-Study Program

  • Naqvi Injury Law Opens Henderson Office

  • Foster Care Panel Scheduled to Discuss Need for Foster Parents in Nye County – Division of Child and Family Services Will Host Event in Pahrump

  • Sportsman’s Royal Manor’s Continuous Improvements to Property Result in Low Crime Numbers

  • Miracle Flights Celebrates 150,000 Flight Milestone by Honoring Local Boy

  • United Way of Southern Nevada Announces Internal Promotions

  • Henderson Chamber of Commerce to Host Networking Breakfast: On a Roll – Local Gaming Update With M Resort Spa Casino Leadership

  • Nevada Supreme Court Justices Recognize Southern Nevada Senior Law Program

  • SR Construction Announces Completion Of The Henderson Hospital Expansion Project

  • Celebrate Dad With These Specials at Ava Rose Agency Restaurant Clients

  • Las Vegas-based Body Balance System to Showcase OvationULT Red Light Therapy Bed at This Year’s IECSC Show

  • Henderson Professional Fire Fighters, Henderson Police Officers’ Association, and the City of Henderson Launch Annual Safety Campaign, “Check Your Seats in the Heat”

  • Juzzef Martinez promoted to Commercial Banker for JPMorgan Chase in Las Vegas

  • Las Vegas Realtor Offers Free Buying Guide to Clark County Residents.

  • Team Nevada Returns After a Successful Appearance at the 2022 Special Olympics USA Games

  • The Problem Solver To Speak at Celebrity Speakers Business Network

  • Plumas Bancorp Honored Among Best-In-Class Banking Institutions

  • ImageWords Communications Founder Ruth Furman to Share Media Relations Tips at NAWBO Southern Nevada’s Personal Branding Workshop on June 28

  • Nevada Custom Residence Designed by Daniel Joseph Chenin, Ltd. Receives International Architizer A+ Design Award

  • National Council of Juvenile and Family Court Judges Adopts Resolution To Strengthen Role of Judges Nationwide

  • Ovation Design & Development Celebrated Grand Opening of Arioso Affordable Senior Apartment Complex — Governor Steve Sisolak and County Commissioner Justin Jones Joined Developers and Finance Leaders to Promote Affordable Housing Solutions —

  • aha! Announces Wine Flies Free Program

  • Via Brasil Steakhouse Hosts Father’s Day All You Can Eat Brunch and Dinner at $54.99!

  • Crew Las Vegas Hosts “Woman Who Build” Luncheon, June 14

  • Fennemore Joins Forces With Bay Area Wendel Rosen

  • Communities in Schools of Nevada Announces the Promotion of Alex Bybee to Chief Strategy Officer

  • Marker Trax Adds Director of Product Development and Integration to Help Company Continue to Grow

  • Grand Sierra Resort and Casino Announces the Addition of Chickie’s & Pete’s Crab House and Sports Bar

  • Southwest Medical Adds Two New Health Care Providers

  • Reno Tahoe Pain Associates Welcomes New Staff

  • How Adaptable Is Your Company? iTernal Networks’ Free Upcoming Webinar “Planning for Scalability – Tech More, Stress Less” – June 16th 1 pm PDT

  • De Castroverde Law Group receives Chambers USA’s highest ranking for the second consecutive year

  • Donor Network West Opens New Northern Nevada Headquarters

  • Blueprint Sports Launches ‘Friends of UNILV’ Name, Image, and Likeness Collective at University of Nevada, Las Vegas

  • aha! Announces Nonstop Flights to Idaho Falls From Reno-Tahoe Hub

  • Nevada Women’s Fund Selects Marilyn Newton as 2022 Salute to Women of Achievement Hall of Fame Inductee

  • Debbie Strimling Announced as Jewish Nevada Women’s Philanthropy Council Chair

  • Northcap Commercial Arranges Sale of 3842 Royal Crest St Apartments for $951,500

  • Northcap Commercial Arranges Sale of 3828 Hazelwood St Apartments for $1,730,000

  • Senior Operator at Broadbent & Associates, Inc. Receives Wastewater Operator of the Year Award

  • Siena Italian Authentic Trattoria Offers 50% Off on Wine Bottles

  • Huntington Jewelers to Add New Summerlin Location

  • CAMCO Nevada Hires Ashley King as New CFO

  • June 16 NAIOP Southern Nevada Breakfast Presents “Inflation and Rising Interest Rates: What Is the Impact to CRE Investment Sales?”

  • Project 150 Awarding More Than $170,000 in Scholarships at June 22 Event

  • Las Vegas Home Prices Set Another Record Amid Signs of a Shift in Local Housing Market

  • Emerald Island Grille in Downtown Henderson Unveils Expanded Menu

  • Touro University Nevada’s College of Osteopathic Medicine Receives Top-Level 10-Year Accreditation with ‘Exceptional Outcome’

  • Touro University Nevada’s School of Nursing Programs Receive Prestigious 10-Year Accreditation Extension

  • Quinn Gallagher Joins Blackmon Home Loans as Mortgage Loan Officer

  • Communities In Schools of Nevada Announces First Recipient of the Elaine P. Wynn Stronger Together Scholarship

  • 56th Anniversary of Miranda Rights

  • Martin Vece Named Favorite Teacher in Teacher Appreciation Week Contest — 570 Teachers Nominated in Move 4 Less Contest —

  • In-Person Workplace Safety Training Courses Have Resumed for Nevada Businesses and Employees

  • International Celebrity Vocal Coach Romeo Johnson Offers Vocal Lessons To Clark County Resident

  • 2022 WSOP Sponsor Lexicon Bank is All In Supporting Southern Nevada Charities

  • Holley Driggs Las Vegas Office Expands with New Attorney Additions

  • Nevada’s Exchange Promotes Two Long-Time Employees to Leadership Roles

  • Nathan Strager Awarded Top 1% Of Real Estate Agents in Las Vegas Valley

  • The Embedded Technology Expo To Be Hosted By The Las Vegas Convention Center

  • ExpressJet Airlines Names Bobby Looney Director of Safety

  • Angels of Las Vegas Hosts 2nd Angels on the Green Fundraiser!

  • Dragon Lights Festival Returns to Reno

  • Great Western Steam-up Features Days of Family Fun

  • Student Enrollment Now Open at Groundbreaking New Cactus Park Elementary in Las Vegas

  • CVMC CEO Prater Board Chair of Nevada Rural Hospital Partners

  • Henderson Chamber of Commerce Along With the Henderson Development Association Hosts Commercial Real Estate Development Update & Mixer

  • Michael Grimm and Bill Zappia “Givin’ It to ‘Em” New Variety Show Headlining at the Stirling Club in Las Vegas for a Limited Engagement

  • United Way of Southern Nevada’s 65th Anniversary Golf United Tournament Raises $126,440 for Las Vegas Community

  • Local Students Earn Scholarships in “Shark Tank” Style Business Pitch Competition by Junior Achievement of Southern Nevada

  • Girl Scouts Partner with CAMCO to Deliver Free Cookies to Summerlin Hospital Emergency Room Staff

  • Mark Wiley Group Welcomes New Vice President of Marketing and Communications

  • CSN and The National Juneteenth Observance Foundation Present Two-Day “Juneteenth Powwow” Festivities

  • Nevada Dairy Farmers Award $15,000 in Scholarship Money to Two Winners

  • Lily Funds Announces Sale of 2.2 Acres of Land on Las Vegas Strip

  • MDX Labs Fundraiser Supports Caridad Charity

  • Hosts of the Problem Solver Show Offering Clark County Schools Free Active Shooter Training

  • KPS3 Announces New Hires

  • Cindy Buchanan Joins JPMorgan Chase Commercial Banking in Northern Nevada

  • Dr. Chris Robey, DC, Doctor of Chiropractic, Joins the Crovetti Orthopaedics & Sports Medicine Team

  • Gaetano’s Ristorante Owner’s Recent Travels to Sicily Inspire New Authentic Recipes for 20th Anniversary Menu



 
Submit Your News & PR | Subscribe
Submit Your News & PR

Business Connection

Business Connection Portal

Log In Sign Up

Business Connection Portal

Log In Sign Up

Nevada Business Calendar

There are no upcoming events.

View Full Calendar ►

Nevada Business Directory

Featured Businesses
Find a Nevada-Based Business Submit Your Business Subscribe to the Nevada News & PR Wire

Nevada Industries

Architects & Engineers
Arts & Culture
Banking
Commercial Real Estate
Construction
Credit Unions
Economic Development
Education
Financial Management
Healthcare
Human Resources
Insurance
Law
Manufacturing
Marketing
Media
Mining
Philanthropy
Residential Real Estate
Rural Nevada
Sports
Tax Planning and Accounting
Technology
Telecom
Tourism
Transportation
Utilities

Footer

Subscriptions

  • Print Subscription
  • Mobile App
  • E-mail Subscription

Editorial

  • Features
  • Departments
  • Events

Advertising

  • Advertise
  • Submission Requirements

Connect

  • Contact
  • LinkedIn
  • Facebook
  • Twitter

Copyright © 2022, Business Link LLC dba Nevada Business Magazine and Nevada Business Journal. Privacy Policy | Terms & Conditions
Nevada Web Design services by Nevada Central Media using Genesis Framework by StudioPress

    *Your Name

    *Your Email

    Phone Number

    Company

    *Subject

    *Your Message

      *Your Name

      *Your Email

      Phone Number

      Company

      *Subject

      *Your Message

        *Your Name

        *Your Email

        Phone Number

        Company

        *Subject

        *Your Message

          *Your Name

          *Your Email

          Phone Number

          Company

          *Subject

          *Your Message

            *Your Name

            *Your Email

            Phone Number

            Company

            *Subject

            *Your Message

              *Your Name

              *Your Email

              Phone Number

              Company

              *Subject

              *Your Message

                *Your Name

                *Your Email

                Phone Number

                Company

                *Subject

                *Your Message

                  *Your Name

                  *Your Email

                  Phone Number

                  Company

                  *Subject

                  *Your Message

                    *Your Name

                    *Your Email

                    Phone Number

                    Company

                    *Subject

                    *Your Message