An EDA grant would help establish a revolving loan fund on clark county, NV

The Economic Development Administration awarded a $2.75 million Project Grant to the Nevada Business Opportunity Fund on September 21, 2021 under the Economic Adjustment Assistance program. The grant will help establish a revolving loan fund in Clark County, Nevada to provide affordable capital and technical assistance to underserved portions of the county including minority business owners and women. The revolving loan fund and technical assistance services will be delivered through 2025 in Clark County to support economic development and job creation in regions experiencing adverse economic changes. The EDA grant aims to stimulate the local economy through expanded access to financing and business support for underrepresented entrepreneurs.

The result will help bring affordable capital and access to technical assistance to those in underserved portions of clark county including minority business owners and women. Project work activities will take place in clark county, NV.