New business filings relatively flat in 2013, official reports

New business entity filings in Nevada remained relatively flat in 2013 compared to 2012, according to Nevada Secretary of State Ross Miller.

Foreign and domestic businesses dropped 0.6 percent to 56,160 in 2013, compared with 56,492 in 2012.

Still, Nevada has the most limited liability companies and corporations in good standing since 2008, with 291,721.

“When entities are in good standing, that means more revenue for the state,” Catherine Lu of the secretary of state’s office said. “We attribute the number to an improving economy post-crash, compliance efforts during the last year and additional outreach and education to industry groups.”

The number of sole proprietors and general partnerships is also at its highest point since the secretary of state’s office took over business licensing duties in 2009.

The secretary of state does not track the type of businesses created, but the Nevada Employment, Training and Rehabilitation Department identified jobs gains in leisure and hospitality; trade, transportation and utilities; and government year-over-year through November.

Leisure and hospitality leads with 6,400 more jobs in 2013 versus 2012. Trade, transportation and utilities added 6,200 more jobs over the same period.

Professional and business services, the hardest-hit industry, declined by 1,500.

Jobs are up 1.9 percent in Nevada through November 2013 compared with the year before.

December’s employment numbers will be released Monday, though Bill Anderson, chief economist at state employment department, said the industry-growth rankings are not likely to change.

From department data, Stephen Brown, director of the Center for Business and Economic Research at University of Nevada, Las Vegas, identified top-performing subcategories statewide as health care and social assistance; real estate and rental leasing; professional and administrative support; and waste management.

“2013 was a little weak compared to previous years,” Brown said. “2013 is a continuation of the recovery; it’s just not as strong.”

Overall, the state economy grew 2.1 percent, compared with national growth of 3.6 percent.

In Las Vegas, Brown said state government jobs have grown the most followed by food service and bars; health care, with the exception of doctors; and real estate rentals and leasing.

In 2012, top Las Vegas industries were leisure and hospitality, professional and business services and education and health services.

“In 2012 we were the fourth fastest-growing state in the U.S., although it didn’t take a lot of growth to achieve that rating,” Brown said. North Dakota ranked first, Utah second, Texas third and Colorado fifth.

By historical standards, Brown said economic performance in 2012 was low.

Brown said 2013 was a slow year for growth for the West in general. Energy-producing states such as Texas and North Dakota did well, as well as regions with highly educated work forces.

“Prior to the Great Recession, Nevada was always in the top five, quite often No. 1,” Brown said.

The governor’s office of economic development identified health and medical services, business information technology and manufacturing as top trending industries for 2013.

Bob Potts, research director for economic development office, generated the data, which compared the third quarter of 2013 to the third quarter of 2012.

There are 94,222 jobs in health and medical services, an increase of 3,691 jobs, with an average wage of $52,163 per year. Information technology accounts for 50,316 jobs, an increase of 1,546 jobs, with an average wage of $44,748. Manufacturing ranked third, with 39,784 jobs, an increase in 2,284 jobs, with an average wage of $52,848.

Contact reporter Kristy Totten at ktotten@reviewjournal.com or 702-477-3809. Follow @kristy_tea on Twitter.

ad-high_impact_4
Business
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
President Trump’s tariffs could raise costs for real estate developers, analysts say
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
Las Vegas business and tariffs
Barry Yost, co-owner of Precision Tube Laser, LLC, places a metal pipe into the TruLaser Tube 5000 laser cutting machine on Wednesday, June 20, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Nevada Film Office Connects Businesses To Producers
The director of the Nevada Film Office discusses its revamped locations database and how it will affect local businesses. (Bailey Schulz/Las Vegas Review-Journal)
Opendoor isn't the typical house flipping company
Unlike most house flippers, the company aims to make money from transaction costs rather than from selling homes for more than their purchase price.
The Venetian gondoliers sing Italian songs
Gondolier Marciano sings a the classic Italian song "Volare" as he leads guests through the canals of The Venetian in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal)
Building In Logandale
Texas homebuilder D.R. Horton bought 43 lots in rural Logandale. (Eli Segall/Las Vegas Review-Journal)
Indoor farming in Southern Nevada
Experts discuss Nevada's indoor farming industry. (Bailey Schulz/Las Vegas Review-Journal)
Former Fontainebleau could have become a Waldorf Astoria
Months after developer Steve Witkoff bought the Fontainebleau last summer, he unveiled plans to turn the mothballed hotel into a Marriott-managed resort called The Drew. But if Richard “Boz” Bosworth’s plans didn’t fall through, the north Las Vegas Strip tower could have become a Waldorf Astoria with several floors of timeshare units. (Eli Segall/Las Vegas Review-Journal)
LVCVA CEO Rossi Ralenkotter announces plans to retire
Rossi Ralenkotter, CEO of the LVCVA, on Tuesday confirmed a Las Vegas Review-Journal report that he is preparing to retire. Richard N. Velotta/ Las Vegas Review-Journal
Cousins Maine Lobster to open inside 2 Las Vegas Smith’s stores
Cousins Maine Lobster food truck company will open inside Las Vegas’ two newest Smith’s at Skye Canyon Park Drive and U.S. Highway 95, and at Warm Springs Road and Durango Drive. Cousins currently sells outside some Las Vegas Smith’s stores and at Fremont Street and Las Vegas Boulevard. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas home prices to continue to rise, expert says
Lawrence Yun, chief economist at the National Association of Realtors, gives homebuyers a pulse on the Las Vegas housing market. (Eli Segall/Las Vegas Review-Journal)
NV Energy announces clean energy investment
The company is planning to add six solar projects in Nevada, along with the state's first major battery energy storage capacity. Bailey Schulz/Las Vegas Review-Journal
3 Mario Batali restaurants on Las Vegas Strip to close
Days after new sexual misconduct allegations were made against celebrity chef Mario Batali, his company announced Friday that it will close its three Las Vegas restaurants July 27. Employees of Carnevino Italian Steakhouse, B&B Ristorante and Otto Enoteca e Pizzeria, all located in The Venetian and Palazzo resorts, were informed of the decision Friday morning. Bastianich is scheduled to visit the restaurants Friday to speak to employees about the next two months of operation as well as how the company plans to help them transition to new positions.
Nevada has its first cybersecurity apprenticeship program
The Learning Center education company in Las Vegas has launched the first apprenticeship program for cybersecurity in Nevada. It was approved by the State Apprenticeship Council on May 15. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas union members voting to authorize the right to strike
Thousands of Las Vegas union members voting Tuesday morning to authorize the right to strike. A “yes” vote would give the union negotiating committee the power to call a strike anytime after June 1 at the resorts that fail to reach an agreement. (Todd Prince/Las Vegas Review-Journal)
Small businesses struggle to find qualified candidates
A 2018 survey found that over two-thirds of small businesses in Nevada find it somewhat to very difficult to recruit qualified candidates. Bailey Schulz/Las Vegas Review-Journal
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like