Manufacturers Assistance Partnership (MAP)

MAP is the industrial program of the University and Community College System of Nevada.  Their primary purpose is to work directly with Nevada companies to speed the flow of new technology, information, and workforce development by providing both direct and referral services to client companies.

Industrial Development Bonds (IDB's)

The Department of Business & Industry issues tax-exempt industrial development bonds to provide low-interest financing of new construction, improvements, rehabilitation, or redevelopment of qualified projects, which include manufacturing facilities and certain other projects organized under Section 501 of the Internal Revenue Service for eligible businesses.   The interest rate is negotiated between the sponsor and the lender.   The maximum term is 40 years.

Renewable Energy Abatements

For those companies involved in the production of energy from renewable sources such as wind, solar, and others, there is a package of abatements available including sales/use tax and property tax.  Minimum 10kW production capacity; not for residential.

Top of Page

---

Right To Work State

State law prohibits the establishment of closed shop policies.   Current unionization of Nevada manufactures is less than 4%.

Nevada Law Favors Incorporation

Why incorporate in Nevada?  No corporate income tax, no taxes on corporate shares, no franchise or personal income tax, no I.R.S information sharing agreements, nominal annual fees, stockholders are not Public Record, to name a few.

Foreign Trade Zones

Northern Nevada offers approximately 7,500 acres of industrial foreign trade zones providing customs and duty free storage, assembly or manufacturing of migrated goods.

Global Trade Program

The Nevada Global Trade and Investment Program conducts trade missions, provides export seminars and counseling services and hosts foreign delegations to Nevada.  The program is aimed at both assisting Nevada businesses and beginning or expanding activities in international markets and attracting foreign investment to the state.  The state's trade program, located in the Nevada Commission on Economic Development, works with partners such as the International Resource Center and the Southern Nevada International Business Council.

Top of Page

---

Community Development Block Grants

The Nevada Revolving Loan Fund program assists Nevada small businesses in obtaining "gap" financing to complete their business expansion project.   Loans may be used for any business expansion need, especially purchases of machinery, equipment, inventory, and working capital.  Up to $100,000 is available to Nevada businesses that cannot secure 100 percent financing from commercial lenders.  The rates and terms are tailored to the particular needs of the business, with rates generally below prime and terms amortized up to 15 years.  The program requires the sponsorship of the local government and must meet state program job- creation requirements, including the hiring and training of persons from low- to moderate-income households.

Procurement Outreach Program

Provides bid information and direct technical assistance to businesses selling goods and services to the federal government.

Nevada Small Business Development Centers

Offer advice on operating new or expanding businesses, with assistance in planning and developing their growth potential, as well as building and maintaining professional management skills.

Top of Page

---