Update on the PETS Grant -- Assistance for Small Business

  • 2021-01-21, 08:56 AM
  • Source: State of Nevada Press Room
Update on the PETS Grant -- Assistance for Small Business
State Treasurer’s Office and Governor’s Office of Economic Development provide an update on an additional $50 million in assistance for small businesses

Today, the Nevada State Treasurer’s Office and the Governor’s Office of Economic Development (GOED) released an update on the Pandemic Emergency Technical Support (PETS) Grant program.

During Tuesday’s State of the State address, Governor Sisolak called on the Legislature to approve an additional $50 million dollars for the PETS program to continue supporting small businesses during the pandemic.

This funding is in addition to the $51 million that has previously been allocated for the program, bringing total funding to $101 million.

The Governor has asked the Legislature to prioritize approval of these funds once it convenes on February 1 so the additional funding can be allocated to applicants as soon as possible.

If approved, the State intends to continue funding the small businesses that submitted applications for the PETS program from October 19 – October 22, 2020.

The State received over 13,500 applications for the PETS program during the application period. To date, over $50 million has been granted to approved applicants.

All applicants who are currently waiting to hear if they have been awarded a PETS grant, along with those who were previously denied due to lack of available funding, will be e-mailed today with further information on these recent updates.

The State Treasurer’s Office and GOED remain committed to ensuring that Nevada’s small businesses have the resources they need to make it through this challenging time.

Nevada small businesses that are interested in being notified of future grant funding opportunities are encouraged to fill out this form.

Source: State of Nevada Press Room

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