Grants and Incentives
Government grants are funded by your tax dollars and,
therefore, require very stringent compliance and reporting measures to
ensure the money is well spent.
Grants from the Federal government are authorized and appropriated
through bills passed by Congress and signed by the President. The grant
authority varies widely among agencies. Some business grants are available through state and local programs,
nonprofit organizations and other groups. These grants are not necessarily free money, and usually require the
recipient to match funds or combine the grant with other forms of
financing such as a loan. The amount of the grant money available varies
with each business and each grantor.
The State of Nevada offers a variety of incentives to help qualifying companies make the
decision to do business in the state, including sales tax abatements on
capital equipment purchases, sales and use tax deferral on capital
equipment purchases, abatements on personal and modified business taxes,
real property tax abatements for recycling, assistance with the cost of
intellectual property development, and employee training grants.