(Carson City, NV; May 11, 2011) – With mixed reports about the strength of the economic recovery in Nevada coming from a variety of sources, the latest statistics sourced to the Nevada Secretary of State’s office show two consecutive quarters of significant growth in new business entity filings, suggesting new investments may be leading to business expansion. (See the full report here.)
As reported in the Quarterly Economic & Business Activity Report prepared by Applied Analysis, a Nevada-based research and analysis firm, new entity filings were up 12% in the first quarter of 2011 compared to the same period in 2010. The latest quarterly growth followed the preceding quarter’s positive performance, which was the first since mid-2006.
“I’m as optimistic as I’ve ever been that Nevada has broken through the restraints of the worst recession in decades and is now moving steadily toward economic recovery,” Secretary of State Ross Miller said after reviewing the analysis. “Nevada has a history of incredible resilience, and I’m confident that history will repeat itself. While I don’t think anyone expects to quickly rebound to record-breaking growth, I believe the latest numbers from my office indicate that more people will find work in the coming months and that we all can look forward to greater economic stability.”
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