The City of Nevada, along with Main Street Nevada and the Nevada Economic Development Council are pleased to announce a new funding program designed to support the attraction and expansion of small business within the community. The goal of the “Revitalize Nevada Business Grants for Job Support, Growth, and Development” program is to encourage new businesses to locate within the City Limits of Nevada, ultimately supporting job creation and business attraction and retention in the community.
The funding for the program will be provided by the Nevada City Council and the Nevada Economic Development Council. Each organization is committing $10,000 from their current budgets to support the new program. The program, utilization, and effectiveness will be evaluated early next year to see if additional funds will be directed to the program.
Applicants must provide a Letter of Interest along with a well-detailed business plan including an Executive Summary of the business idea, market analysis and an overview of competitive strategy, operations and management detail, and financial overview (list of the financing sources, proposed start-up budget, and projected cash flows for the first two years).
Mayor, Brett Barker explains, “We are excited to launch this new program to support the attraction of new business to Nevada as well as support the expansion and diversification of our existing small businesses. We are grateful for the partnership we have with both Main Street Nevada and the NEDC.”
Grant funds can be used for the following:
- Capital expenditures related to the purchase of a building in Nevada.
- Building improvements (structural or aesthetic)
- Expenses relating to the purchase of machinery, equipment or tools needed to operate the business.
- Marketing or Advertising campaigns
- Signage
- Utility expenses
The grant cannot fund:
- Payroll or employee compensation
- State, local or federal tax obligations.
- Fines related to health or safety violations.
Because funds are limited special consideration will be given to business prospects looking to start up one of the following businesses in Nevada:
- Restaurant, Deli or other retail food service
- Recreational or entertainment venue
- Sporting goods, crafts, or hobby
- Product niche and/or gift store
Grants will be issued at a maximum of $5,000 each. The funds are available until they have been exhausted for the current fiscal year.
For more information contact:
Downtown District:
Emily Schaack, Executive Director
Main Street Nevada
director@mainstreetnevada.org
515.382.6536
Outside the Downtown District:
Brenda Dryer, Executive Director
Nevada Economic Development Council
brenda@amesalliance.com
641.420.3556