Confidence high despite staffing concerns, survey shows

Finding the right employees continues to be a worry for businesses in the Reno/Sparks area.

Staffing was the largest concern of businesses who responded to the recent Northern Nevada Business Confidence Survey. Other concerns included cost/inflation, operations, election, supply chain, economy/market and location.

Street Commercial Real Estate prepared the Business Confidence Survey to measure how companies within the local area feel about their future over the next six to 12 months and what main concerns they might have. More than 70 businesses within the Reno/Sparks area responded to the survey.

Fifty percent of the companies surveyed said that they are looking to hire additional employees within the next six months, while 29% had staffing concerns.

While November’s election is a concern, none of the companies expect layoffs in the next six months.

Results from the survey suggest businesses are keeping a positive outlook and remaining optimistic despite current headwinds. Businesses rated their confidence at an 8.4 out of 10.

The survey data was gathered by William Ramous, a summer intern at Street Commercial Real Estate. Ramous conducted one-on-one interviews and in-person meetings with more than 70 businesses over the last 60 days to compile the results.

For information, visit www.street-cre.com.