Applications are now available for the County’s Small Business Stabilization Grant, which will help local small businesses affected by coronavirus-related closures and restrictions.
The application is available for review at www.ClarkCountyNV.gov/EconomicDevelopment. Business owners will be allowed to submit their grant applications from June 17 to 24. The program will award local businesses up to $5,000 or $10,000 (the maximum depends upon how many employees the business has) for working capital, which includes general expenditures such as rent, utilities, inventory or payroll.
To qualify for this grant a business must be based in Clark County, have a local business license and have 20 or fewer employees. Additional information about grant qualifications is available online. Grant awards could be made in July.
The business stabilization grant is one of three the County is offering to help local small businesses recover from financial hardships brought on by coronavirus-related restrictions. The other two programs are a Small Business Rental Assistance program, which will provide up to $10,000 to cover past-due rent, and a Small Business Protective Retrofit Grant, which will reimburse businesses up to $5,000 for costs such as purchasing personal protective equipment for employees and installing no-touch doors and walk-up windows. Applications for these two programs are expected to be available online before the end of June.
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Clark County has partnered with the Nevada Small Business Development Center at UNLV for those who may need assistance with the application process. The Nevada Small Business Development Center at UNLV is online at www.unlv.edu/sbdc [unlv.edu] and can be reached at (702) 895-5019.
Altogether, the three grant programs could provide more than $19 million to help more than 2,800 local small businesses. More information about the grant programs is available through the County’s Office of Community and Economic Development website at www.ClarkCountyNV.gov/EconomicDevelopment. The funding for the grant programs comes from the federal Coronavirus Aid, Relief, and Economic Security (CARES) CARES Act.
