A corner of the Nevada State Capitol, October 2019 - image - Brian Bahouth, the Ally
Today, the State Treasurer’s Office and the Governor’s Office of Economic Development announced that small businesses and non-profits will be able to apply for State’s commercial rental assistance program beginning on August 24, 2020.
The Nevada Commercial Rental Assistance Grant (CRAG) Program is using $20 million of Coronavirus Relief Funds to assist businesses and non-profit organizations that have experienced significant revenue declines due to the COVID-19 pandemic.
The Program will provide up to $10,000 in grants to eligible commercial tenants, which are not required to be paid back.
Landlords whose tenants participate in the CRAG Program will receive payments directly and must agree not to commence eviction proceedings against the tenant for 90 days following the receipt of payment.
To be eligible for the Program, applicants must meet the following criteria:
Be a licensed for-profit business or a non-profit organization with Nevada as its principal place of business.
Have 50 or fewer full-time employees.
Have been in operation for at least six months prior to March 1, 2020.
Demonstrate at least a 30 percent loss of gross monthly revenue after March 1, 2020 as a direct result of COVID-19.
Have a physical commercial location with a current, active lease on commercial property in Nevada.
Must not have previously received more than $5,000 in funds from the Paycheck Protection Program or other COVID-19 rental assistance programs.
Must not have any outstanding tax liens.
Businesses are encouraged to visit the Governor’s Office of Economic Development website to learn more and to find the application when it goes live.
The Program will begin accepting applications on Monday, August 24, 2020 at 8:00 a.m. PST. The application period will be open for one week, and will close on Monday, August 31, 2020 at 5:00 p.m. PST.
Once the application period closes, applications will be prioritized to support disadvantaged businesses along with businesses and non-profits with the greatest revenue losses during the COVID-19 pandemic.
The State anticipates that approximately 2,000-3,000 businesses will receive rental assistance through this grant Program.
For questions about the CRAG Program businesses are encouraged to visit the Governor’s Office of Economic Development.
Brian has been a public media producer for the better part of 25 years. He has been news director at three public radio stations, KRZA serving Alamosa, Colorado and Taos, New Mexico, KUNR in Reno, KVMR in Nevada City, California, and Brian was a co-founder of KNVC community radio in Carson City, 95.1 FM. He has reported for Capital Public Radio, Nevada Public Radio, and has filed numerous reports for the Pacifica Network News and National Public Radio. He holds a BA in English from LeMoyne College in Syracuse, New York, and an MA in English from the University of Nevada Reno. Brian is a veteran of the sea-going US Navy, ‘79-’85. He and his wife have lived in Reno since 1999.
Image: courtesy of Carol M. Highsmith Collection. Her photographs are in the public domain, Library of Congress.It’s no secret that nonprofit news is a tough…
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