Section 231.430 - Application for grant or loan from Account; assistance by Office and Executive Director; determination on application1. A county or incorporated city that wishes to apply for a grant or loan from the Catalyst Account must submit an application to the Office on a form prescribed by the Executive Director. The application must include, without limitation: (a) The information required by paragraph (a) of subsection 1 of NRS 231.1577;(b) A summary of the proposed expansion or relocation of any business that will expand or relocate in this State as a result of the grant or loan from the Catalyst Account;(c) Evidence that any business that will expand or relocate in this State as a result of the grant or loan from the Catalyst Account has the financial ability to implement its plan to expand or relocate in this State;(d) A statement of the reasons that the proposed use of the grant or loan from the Catalyst Account will promote the economic development of this State and aid the implementation of the State Plan for Economic Development;(e) A projection of the number of primary jobs that will be created as a result of the grant or loan from the Catalyst Account;(f) A projection of the amount of the capital investment that will be made in this State as a result of the grant or loan from the Catalyst Account;(g) An estimate of the economic impact of the grant or loan from the Catalyst Account, including, without limitation, an estimate of the tax revenue that will be generated as a result of the grant or loan from the Catalyst Account; and(h) Any other information deemed necessary by the Executive Director.2. The Office may assist a county or incorporated city with the development of the information to be included in an application submitted pursuant to subsection 1.3. The Executive Director may make recommendations to an applicant for the revision of an application submitted pursuant to subsection 1, and the applicant may revise the application upon receipt of any such recommendations.4. Upon receipt of a completed application submitted pursuant to subsection 1, the Executive Director will review the application and determine whether the proposed use of the grant or loan from the Catalyst Account would promote the economic development of this State and aid the implementation of the State Plan for Economic Development.Nev. Admin. Code § 231.430
Added to NAC by Office of Economic Dev. by R159-16, eff. 6/26/2018