State officials on Wednesday announced an additional $20 million in assistance for small businesses and nonprofits.
But anyone interested must move quickly.
The state began accepting applications for Pandemic Emergency Technical Support grants on Monday. The application period was originally slated to be open until Nov. 2 but has been expedited in order to ensure the money is disbursed quicker. The new deadline is Thursday at 5 p.m.
“We are excited to be able to help thousands of Nevadans who’ve been hit the hardest during the pandemic through this program,” said Nevada Treasurer Zach Conine in a statement. “We are working to quickly approve and process applications to get money into the hands of Nevada small businesses as soon as possible.”
Conine and Gov. Steve Sisolak announced last week that $20 million of coronavirus relief dollars would be allocated to fund the program.
Small businesses and nonprofits can receive up to $10,000 while arts and culture organizations and chambers of commerce can receive up to $20,000.
While they are accepting applications from all entities, certain businesses are prioritized in the application process such as:
- Businesses owned by minorities, women, veterans and those with disabilities;
- Bars, pubs, breweries, distilleries and wineries;
- Arts and culture organizations; and
- Non-profit organizations.
In order to be eligible, businesses cannot have more than 50 employees, needed to gross less than $4 million in revenue, have been operational in Nevada prior to March 1, have a physical location in the state, and can’t be deemed illegal at a federal level.
The new infusion of funding is expected to double the amount of businesses served, which was originally estimated at 2,000.
“I am pleased to see so many small businesses throughout Nevada taking advantage of this new, streamlined program to get access to relief funding and help stimulate our economy during this crisis,” Sisolak said in a statement. “I remain committed to ensuring the state helps small businesses get the support they need and deserve at this time.”