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Nevada Gov. Steve Sisolak signs bill that will help small businesses

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Posted at 9:56 AM, Feb 12, 2021

CARSON CITY (KTNV) — Today, Nevada Gov. Steve Sisolak signed Assembly Bill 106, which provides an additional $50 million for small businesses through the Pandemic Emergency Technical Support (PETS) Grant Program. The Governor prioritized the additional funding for the grant assistance program in his State of the State address in January.

"During my State of the State, I asked lawmakers to prioritize allocating an additional $50 million for this small business grant program. Boy, did you all deliver. Not only did this bill get to my desk for signature at warp speed, but it was approved by the Legislature with unanimous support,” said Gov. Sisolak. “I want to thank Senate Majority Leader Cannizzaro and Minority Leader Settelmeyer, along with Speaker Frierson and Assembly Minority Leader Robin Titus for helping to send the message that when it comes to helping our small businesses, Nevada’s leaders stand in bipartisan support.”

To date, the PETS program has approved over 4,500 applications to support small businesses and non-profit organizations across the State. AB 106 brings total funding for the program to more than $100 million, making it the largest small business assistance program in Nevada history.

Now that the governor has signed the bill, the Treasurer’s Office and the Governor’s Office of Economic Development can continue to process thousands of pending applications for the program.

More information on the PETS program can be found HERE