Nevada governor proposes additional $50M for small business grant program
Submitted by Jeff Munson on Sun, 01/24/2021 - 6:05pm
With $51 million having been allocated to Nevada small businesses as part of the Pandemic Emergency Technical Support Grant program, Gov. Steve Sisolak is asking the Legislature to approve $50 million more for struggling small businesses in the Silver State.
During last week's State of the State address, the Governor called on the Legislature to approve an additional $50 million for the PETS program to continue supporting small businesses during the pandemic.
The funding is in addition to the $51 million that has previously been allocated for the program, bringing total funding to $101 million, according to an update from the Nevada State Treasurer’s Office and the Governor’s Office of Economic Development.
The Governor has asked the Legislature to prioritize approval of these funds once it convenes on Feb. 1 so the additional funding can be allocated to applicants as soon as possible.
If approved, the State intends to continue funding the small businesses that submitted applications for the PETS program from Oct. 19 to Oct. 22, 2020.
The State received over 13,500 applications for the PETS program during the application period. To date, over $50 million has been granted to approved applicants.
All applicants who are currently waiting to hear if they have been awarded a PETS grant, along with those who were previously denied due to lack of available funding, will be e-mailed with further information on these recent updates.
Nevada small businesses that are interested in being notified of future grant funding opportunities are encouraged to fill out the form here.
