Nevada initiatives worth a look for small-business owners
While small businesses wait for Congress to pass the next stimulus package, the following are some Nevada programs that might help keep businesses open and solvent.
Statewide Rental Assistance
The Legislature passed a bill to put $20 million into a commercial rent assistance program. It will provide up to $10,000 in rent assistance.
Applications are being accepted here.
City of Reno Small Business Grant
The City of Reno has a Small Business Economic Relief Grant. The program emphasizes small businesses that have been forced to close by orders of the governor, although other small businesses may apply for smaller awards.
The maximum award is $20,000 but the amount will depend on multiple factors, including the number of applications received. The award does not need to be repaid but it must be used by December 30, 2020.
Each applicant must provide a brief report on how award monies will be used. There is no double-dipping, if an EIDL, PPP, or other federal assistance has already been used for the same purpose. Applications are available now and due by September 8.
To obtain an application, go to www.reno.gov and click on the webpage established for this program.
Eight County Grant Program
Another program is for businesses located in Douglas, Elko, Lincoln, Lyon, Nye, Storey, Washoe, and White Pine counties. These eight counties partnered with the Nevada Association of Counties (NACO) to develop a grant program to support small businesses financially impacted by COVID-19. Businesses that received SBA funding (EIDL & PPP) can apply.
Applications are being taken starting Tuesday, Sept. 8. Click here for more information on that program.
Clark County’s small business grant program ended Aug. 11. If they restart the program, NFIB will let you know.
Sick Leave Guidance
The U.S. Department of Labor has released guidance on the Emergency Paid Sick Leave provision of the CARES Act. Our Nevada Labor Commissioner, Shannon Chambers, has provided this site noting questions # 98, # 99 and #110.
Employers and employees should review these Q & A sections to determine eligibility for paid leave based on schools being open or closed or in a hybrid model.