More assistance grants available for NLV small busi

Las Vegas, NV (KXNT) - The City of North Las Vegas will be doing a second round of COVID-19 relief grants for small businesses, all coordinated through a central website - www.NLVCares.com.

The website and applications for assistance are available in English and Spanish.

The second round of NLVCares Small Business Assistance Program grants are available to small businesses based in North Las Vegas that have suffered financial strain due to the COVID-19 pandemic. Eligible expenses include payroll, rent/mortgage, utility bills, inventory, COVID supplies, cleaning and sanitation, and expenses related to retrofitting in order to comply with social distancing and other health guidelines.

A total of $4 million is available, with $25,000 grants for approved businesses of 1-20 employees, $35,000 grants for approved businesses of 21-40 employees and $50,000 grants for approved businesses of 41-100 employees. 

Business with a minimum of $40,000 in gross annual revenue (as demonstrated through their most recent tax return) are eligible for assistance. Additionally, there is a $5,000 microgrant available for eligible businesses with under $40,000 in annual revenue. Nonprofit organizations with 501(c)(3) status and paid employees are also eligible for assistance.

Businesses that have previously received SBAP funding in round one do not have to apply again. They have been contacted with instructions for receiving their round two allocation based on their original application.

Applications will be accepted and processed on a first-come, first-served basis until all the money has been granted.

This new program is funded by Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund dollars as part of a sub-grant from Clark County to North Las Vegas. More than 80 percent of that funding will be passed on to residents and businesses.