Nev. Admin. Code § 231.053

Current through August 29, 2024
Section 231.053 - Certification of businesses for certain benefits: "Consistent with the State Plan for Economic Development" interpreted

The Executive Director, the Office or the Board, as applicable, will determine that a business is consistent with the State Plan for Economic Development if

1. The business is part of an industry that is consistent with the State Plan for Economic Development;
2. The average hourly wage paid by the business to its employees in this State:
(a) Meets the standards set forth in NRS 360.750 or the statute or regulation governing the particular allocation, grant or loan of money or other incentive for economic development for which the business is applying; or
(b) Is determined by the Board to promote the economic development of this State and aid the implementation of the State Plan for Economic Development;
3. The business provides a health insurance plan for all employees that includes, without limitation, an option for health insurance coverage for dependents of employees;
4. The business is registered pursuant to the laws of this State or the applicant commits to obtain a valid business license and any other permit required by the state, county, city or town in which the business operates or will operate;
5. If the business is applying for an abatement pursuant to paragraph (a) of subsection 1 of NRS 701A.210, the business agrees to provide the Office, at its request, with proof that the business is in compliance with the provisions of that paragraph; and
6. If the business is being considered for the benefits provided pursuant to NRS 704.223, the business has executed an agreement with the Office that grants the Office the right to review any document which the Office determines is necessary to verify the eligibility of the business for the benefits provided pursuant to that section.

Nev. Admin. Code § 231.053

Added to NAC by Comm'n on Econ. Development by R145-07, eff. 4-17-2008; A by R159-16AP, eff. 6/26/2018
NRS 231.053