Clark County Launches the Technical and Economic Assistance Program (TEAP) to Advance Post-Pandemic Recovery, Help Small Businesses Move Forward
Clark County, Nev. – Opening applications on November 15, the Technical and Economic Assistance Program (TEAP), sponsored by the Clark County Office of Community and Economic Development in partnership with the National Development Council, will provide eligible small business owners and non-profits negatively impacted by the COVID-19 pandemic with a total of $5 million in grant funding and one-on-one technical assistance.
Program grantees will receive a financial award and will be assigned to work with a Technical Advisor for up to one year. Grant award amounts will vary from $5,000-$100,000 depending on business size and will be used for a variety of operating expenses. Examples include, but are not limited to, reopening supplies, marketing, trainings and employee wages and benefits. Throughout the duration of the program, grantees will develop and implement a customized strategic work plan to strengthen and improve their business. In addition to the support provided by the Technical Advisor, some grantees will also have access to Subject Matter Experts who will be able to provide more in-depth assistance and resources around specific focus areas. Assistance will be provided in English and Spanish, as well as some services in Asian languages.
“Since the Clark County Office of Community and Economic Development was created, just a few months before the onset of the COVID-19 pandemic, it’s played a critical role in supporting local businesses and small-business owners and connecting them with the resources, support and tools they need to succeed,” said Shani Coleman, Clark County director of the Clark County Office of Community and Economic Development (OCED). “While our region has proven its resiliency, there are still too many local businesses struggling to overcome the negative impacts of the pandemic and get back to business as usual. The launch of TEAP will provide critical financial and technical support to help these promising businesses and non-profits strengthen and improve their operations, grow their workforce, and reach their full potential.”
For more information on eligibility criteria and guidance on the application process, visit the TEAP page on the Clark County OCED website. There is no deadline to apply. Applications will be processed on a first come, first serve basis until funding runs out. For general inquiries please email rachel.flores@clarkcountynv.gov.
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The Office of Community and Economic Development (OCED) is the primary resource for new, established, and prospective businesses interested in investing, expanding, or relocating to Clark County, Nevada. With a dedicated team of experts, OCED provides businesses and developers with the answers, tools, and resources needed to start a new project or expand an existing business. Home to 2.3 million residents, Clark County covers roughly 8,000 square miles and is the 11th-largest county in the nation. Committed to enhancing and supporting the economic viability of the unincorporated areas of Clark County and advancing inclusive, sustainable growth, OCED is building awareness of the economic opportunities and “bright beyond the lights” of Las Vegas.
National Development Council (NDC): NDC’s work focuses on HOMES, JOBS and COMMUNITY. Founded as a national nonprofit in 1969, NDC has worked for over 50 years fulfilling its mission to increase the flow of capital for investment in low-income communities. NDC directs capital to support the development and preservation of affordable housing, the creation of jobs through training and small business lending and the advancement of livable communities through investment in social infrastructure.