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Direct Financial Incentives

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.

Direct state loans:
The Nevada Revolving Loan Fund program assists Nevada small businesses in obtaining “gap” financing to complete their business expansion projects. Loans may be used for any business expansion need, especially purchases of machinery, equipment, inventory, and working capital. Up to $100,000 is available to Nevada businesses that cannot secure 100 percent financing from commercial lenders. The rates and terms are tailored to the particular needs of the business, with rates generally below prime and terms amortized up to 15 years. The program requires the sponsorship of the local government and must meet state program job-creation requirements, including the hiring and training of persons from low- to moderate-income households.

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. Potential applicants are recruited and screened by the agency. The final selection is the responsibility of the business.

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.