The additional
$50 million will go toward applicants who applied for funding beginning in October 2020 after the initial grant period had expired. In his prepared remarks, Sisolak said eligible businesses and non-profits can apply for up to $10,000 in direct grant funding that can be used for a wide range of expenses
Funding from the PETS grants can be spent on working capital such as rent, inventory, payroll and the like, personal protective equipment, and protective retrofit due to the pandemic, according to the Governor’s Office of Economic Development’s (GOED)
GOED is responsible for administering the program that will be overseen by the Interim Finance Committee. Any unspent funds will be reverted to the state’s general fund on or before September 17, according to the bill’s text.