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NV SB119
Bill
AI Summary
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Renames the Division of Workforce and Economic Development to the Division of Small Business and Entrepreneurship Development at the College of Southern Nevada
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Requires the Division to prepare and post an annual report by February 1 each year detailing assistance provided to participating businesses and their growth and business decisions
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Lowers the minimum revenue requirement for business eligibility from $50,000 to $35,000 (maximum remains $700,000)
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Appropriates $1,200,000 from the State General Fund to the College of Southern Nevada for program operations, including $100,000 annually to UNR Cooperative Extension and $30,000 annually to five chamber of commerce partners for marketing services
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Effective date: July 1, 2025; appropriated funds must be committed by June 30, 2027 and spent by September 17, 2027
Legislative Description
Revises provisions relating to the NV Grow Program. (BDR S-81)
Last Action
Chapter 493. (Effective July 1, 2025)
6/11/2025