Gov. Steve Sisolak praised legislative leadership this week for the quick introduction of legislation allocating an additional $50 million to support small businesses hit by the pandemic.
If approved, it would raise the total doled out to small businesses and nonprofits in Nevada to $101 million; the money comes from the federal government through the Pandemic Emergency Technical Support (PETS) program, which first launched in October.
“This small business program has been a vital lifeline to thousands of small businesses in our state who’ve been impacted during the pandemic,” the governor said in a Monday, Feb. 8, statement.
Sisolak said the first $51 million PETS allocation provided funding to support more than 4,500 small businesses and nonprofit groups across the state.According to media reports, the bill is scheduled to come to a vote during a joint meeting of the assembly committee and the Nevada Senate Committee on Finance, scheduled for 5 p.m. on Wednesday.Once the legislation passes, it will be distributed by the Treasurer’s Office and Governor’s Office of Economic Development just as the first allocation was.