Gov. Sisolak, Nevada leaders announce help for small businesses and startups
LAS VEGAS, Nev. (KOLO) - Governor Steve Sisolak made an announcement from Southern Nevada Tuesday aimed at helping small businesses and startups in Nevada.
The governor was joined by Mayor Carolyn Goodman of Las Vegas and, virtually, by Mayor Hilary Schieve of Reno to announce the launch of a first-ever nationally ranked small business and startup accelerator.
Operated by gener8tor, the accelerators will be located in Las Vegas and Reno-Tahoe to provide investment, support, mentorship, and access to in-state and out-of-state capital to early-stage small businesses and startups throughout Nevada.
The program will accelerate at least 10 small businesses and startups per year. Businesses can compete for a place in the program and upon entry, receive $100,000 of investments from gener8tor’s venture fund and from Nevada’s federal State Small Business Credit Initiative (SSBCI) funds.
In addition, each accelerator will hold free, in-person and virtual programming and office hours throughout the year for any interested startups and small businesses throughout the State.
Gov. Sisolak said the accelerator will help spur business formation and job growth across Nevada.
“The accelerators we are launching today with gener8tor will diversify Nevada’s economic development system by investing in home-grown innovation and ensuring businesses survive and thrive here in Nevada. Accelerators anchored in Las Vegas and Reno will provide a pathway for more businesses owned by founders from disadvantaged backgrounds to access the capital and mentorship needed to level the playing field and make certain Nevada is an economic powerhouse for generations to come.”
“As an entrepreneur and during my eight years as Mayor, I have committed to making Reno a hub for tech entrepreneurs and companies because I know how critical they can be to the economic viability of a city,” said Reno Mayor Hillary Schieve. “Today’s announcement that a top-ranked accelerator will be investing in and accelerating companies in Reno shows the world what our community has known for a while: Reno has arrived, and we will welcome the innovators and those with a dream who want to start their businesses here.”
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