Skip to page body Home Information Center Election Center Business Center Licensing Center Securities Center Online Services
News Review
Secretary of State Ross Miller Releases Quarterly Economic and Business Activity Report for Third Quarter of 2013
Economic forecasting resource provides perspective through analysis of leading and lagging economic indicators
Posted Date: 12/5/2013

FOR IMMEDIATE RELEASE
Contact: Catherine Lu, Public Information Officer 
             (702) 486-6982 / 334-7953 
             clu@sos.nv.gov  


(Carson City, NV; December 4, 2013) – Nevada Secretary of State Ross Miller today released his Third Quarter, 2013 Quarterly Economic and Business Activity Report, which shows continued annual growth in spite of minor downturns from the second to third quarters of this year. The quarterly online publication, which provides analysis of economic and business trends based on data from the Secretary of State by Nevada firm Applied Analysis, showed a six-percent increase in filings of “foreign” (non-Nevadan) filings over the previous quarter. In all, the filings of foreign Limited Partnerships, Corporations, and LLC’s rose 4.3% over the prior year.

“I think the increase in foreign filings by companies from outside the state indicates an interest in how we’re making Nevada more business friendly,” said Miller. “These are the kind of leading indicators that we find to be useful in this analysis. With the national economy on the rebound, however slowly, it’s encouraging to see Nevada getting a share of that growth through new filings from out of state. My office’s SilverFlume, the one-stop business portal, is providing those foreign businesses the opportunity to register here in Nevada quickly and easily. I think that can be a good first step in convincing some of those businesses that they should call Nevada home.”

Jeremy Aguero, principal analyst for Applied Analysis, said, “Together, the leading and the lagging indicators that we are analyzing in the Secretary of State’s data provide us with a more clear perspective of where our state’s economy is and where it is going. The leading indicator of new entity filings is up, as is the lagging indicator of total list filings, which is a positive sign for the state. Job growth continues to drive down unemployment in the Silver State. Unemployment fell to 9.2 percent, and jobless claims fell by 5.8 percent compared to the prior twelve-month period.”

The complete analysis, which is based primarily on data from the Secretary of State’s office, provides a unique perspective on business investments and market conditions within the state of Nevada. This quarter’s and all previous quarters’ Economic and Business Activity Report are available online in the Information Center of the Secretary of State’s website at www.nvsos.gov or by clicking here.

# # #