Nevada Comment on Slightly Improved Small Business Conditions

June 10, 2025

Legislature thanked for holding the line on taxes. Now, Congress must do one big thing

FOR IMMEDIATE RELEASE
Contact: Tray Abney, Nevada State Director, tray@abneygr.com
or Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org

CARSON CITY, Nev., June 10, 2025—Small business owners expecting better business conditions and sales boosted NFIB’s latest Small Business Optimism Index, released today, to 98.8, slightly above the 51-year average of 98.

The latest index also gave labor shortages and labor quality and inflation a break from their occasional rankings as the most important problems, replacing them with taxes. The last time taxes were ranked as the most important problem was in December 2020.

“Small business job-creators can rest easy knowing the Nevada Legislature has adjourned without passing any tax increases,” said Tray Abney, state director for NFIB in Nevada. “We now urge Congress to take up the torch and protect small business owners from a massive tax increase by keeping the Small Business Deduction in the tax code from expiring at the end of the year.”

NFIB’s Index is the gold standard measurement of America’s small business economy. Used by the Federal Reserve, Congressional leaders, administration officials, and state legislatures across the nation, it’s regarded as the bellwether on the health and welfare of the Main Street. The Optimism Index (aka Small Business Economic Trends report) is a national snapshot of NFIB-member, small-business owners not broken down by state. The typical NFIB member employs between one and nine people and reports gross sales of about $500,000 a year.

From NFIB Chief Economist Bill Dunkelberg

“Although optimism recovered slightly in May, uncertainty is still high among small business owners. While the economy will continue to stumble along until the major sources of uncertainty are resolved, owners reported more positive expectations on business conditions and sales growth.”

Highlights from Today’s Optimism Index

A net 1% (seasonally adjusted) of owners viewed current inventory stocks as “too low” in May, up 7 points from April and the highest reading since August 2022. This was the largest monthly increase in the survey’s history.
The net percent of owners expecting better business conditions rose 10 points from April to a net 25% (seasonally adjusted).
The net percent of owners expecting higher real sales volumes rose 11 points from April to a net 10% (seasonally adjusted). This component contributed the most to the Optimism Index’s improvement.
The percent of small business owners reporting labor quality as the single most important problem for business fell three points from April to 16%.

Keep up with the latest Nevada small business news at www.nfib.com or by following NFIB on X @NFIB_NV.