To qualify for the program, businesses must have held a business license with the state, had less than 50 employees and had a gross annual revenue of less than $4 million. Of the remaining 4,269 organizations, recipients included 668 bars, pubs, taverns, breweries and wineries, 625 nonprofits, 269 arts and culture organizations, 30 chambers of commerce and roughly 2,700 entities classified as “other businesses.” The data show that roughly 52 percent (4,700) of those 8,969 organizations given awards - $10,000 for businesses and nonprofits, $20,000 for arts and culture organizations and either $10,000 or $20,000 for chambers of commerce - were considered “disadvantaged business enterprises,” defined as businesses primarily owned by women, minorities, veterans or people with disabilities. In early February, state lawmakers rushed to allocate more funds for small businesses by fast-tracking and unanimously passing a bill that poured an additional $50 million in state general funds into the program - making it the largest state-managed small business assistance program in Nevada history. The PETS program offered broader eligibility, and in the four days the program was open for applications, the state received more than 13,500 submissions, which was about 10 times the amount the rent program received. ![]() 19 to aid small businesses struggling amidst the economic recession, after an earlier state effort to administer commercial rent assistance awarded less than half of its approved funds. The state launched the CARES Act-funded PETS program on Oct. (The records were received in mid-July when the treasurer’s office was still awaiting final compliance paperwork from some applicants, so approximately 400 organizations that were given grants are excluded from the data.) ![]() ![]() The data include the names and ZIP codes of 8,969 businesses and organizations across the state that received awards of either $10,000 or $20,000 from the program, totaling $92.2 million. Steve Sisolak and Treasurer Zach Conine have been more than eager to tout the benefits of the federally funded Pandemic Emergency Technical Support (PETS) grant program, which distributed a final $10,000 check last Tuesday.īut which businesses received grants, and did they go to the most needy?ĭata obtained through a records request by The Nevada Independent from the state treasurer’s office revealed more information about the grants awarded as the $101 million program neared completion. From a Black-owned barbershop in Reno to a plant-based Mexican eatery in Las Vegas, thousands of Nevada small businesses and nonprofits have benefited from a state-run, pandemic-related small business grant program that has allocated more than $100 million to thousands of businesses over the last 10 months.Įquipped with oversized checks and photographers in tow, prominent state officials including Gov.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |