Nevada Direct Financial Incentives 2010 | Nevada Income Tax Capital Credit

Area Development Homepage >> State Resources >> Nevada >>

Nevada Direct Financial Incentives 2010

Nevada's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Department of Business & Industry, Nevada's Train Employees Now (TEN) Program, and the the Procurement Outreach Program.

Area Development Online Research Desk (Feb/Mar 10)

Editors Picks

Industrial development bonds:
The Department of Business & Industry issues tax-exempt industrial development bonds to provide low-interest financing for eligible businesses. The interest rate is negotiated between the sponsor and the lender. The maximum term is 40 years.

Cities and counties also issue industrial development bonds for manufacturing, industrial warehousing, research and development, and pollution-control facilities. The maximum term is 40 years.

Customized industrial training:
Nevada's Train Employees Now (TEN) Program assists new and expanding businesses to train new or potential employees. Training, developed jointly by the company, the contact agency, and the educational institution, ranges from recruitment to classroom and on-the-job training. Trainee selection is at the discretion of the company. This program provides job assistance to new businesses. The funds allow a company to quickly train workers in the specialized skills the company requires. Participating businesses contribute 25 percent of the total training costs.

Technical and support services:
The Procurement Outreach Program provides bid information and direct technical assistance to businesses selling goods and services to the government.

The Nevada Small Business Development centers offer advice on operating businesses. Services are free of charge in most cases.

The Global Trade and Investment Program offers assistance to businesses to begin or expand exporting to international markets.

The Rural Economic Development Program, through Community Development Block Grants (CDBG), assists in the development of healthy and viable rural communities.

The Made in Nevada Program assists Nevada-based manufacturers with marketing and advertising.

Nevada State Contact:
Nevada Commission on Economic Development
108 East Proctor Street
Carson City, NV 89701-4240
(800) 336-1600

Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.

Save/Share Article

ASK AREA DEVELOPMENT

Have questions, comments or concerns about this article? Submit to Ask Area Development here and the author or an expert from our network of site selection and facility planning professionals will answer:

Privacy policy / GuidelinesArea Development will select a number of questions to answer each week. An Area Development representative will contact the submitting reader directly with feedback. Additionally, all submissions are eligible to appear online or in our print publication. If your question is selected for publication we will include and publish your first name, job title and industry only. The full identity of the submitting reader will not appear in published format.Area Development will not publish, share with any third parties, or use for marketing purposes any personal information submitted here without the express consent of the submitting reader.

News Items

Around The Web

Studies/Research

News Items

Around The Web

Studies/Research

GreatCall Inc. Plans To Open Reno, Nevada, Call Center Creating 400 Jobs

State Resource map

Click on any state for links to current state news and data, contact directory, corporate taxes, financial and business incentives, credits, grants and available buildings and sites

State Resource Sponsor