TEAP

Technical and Economic Assistance Program

Building a Bright Future for Small Business and Nonprofits

Are you a small business owner or non-profit negatively impacted by the COVID-19 pandemic? Did you lose staff, clients, revenue, and/or the ability to conduct business as usual? TEAP is designed to provide grant funding and one-on-one technical assistance grants for small businesses and non-profits. Our goal is to help you get your business back on track.

Funding for the TEAP is intended to help businesses and non-profits that show long-term viability and scalability. Following a thorough evaluation process, program grantees will receive a grant investment award. The grant money is eligible to be used for operating expenses, meaning that it can only be used for things like reopening, paying wages, training, benefits, etc. Recipients will also be assigned to work with a Technical Advisor for 13 months. With assistance from program advisors and Subject Matter Experts, grantees will create and implement long-term plans to strengthen their business.

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Eligibility

Who Should Apply

The TEAP is open to businesses and non-profits located in unincorporated Clark County. Unemployed individuals that currently reside in and are interested in opening a business in unincorporated Clark County are also welcomed to apply. There are three eligibility categories:

Existing Business – defined as an active business with A.) more than one (1) year of continuous operating history, B.) a minimum of $25,000 and less than $3 million in annual revenue, (C.) less than 50 full-time equivalent (FTE) employees, and (D.) a current Clark County business license.

Non-Profits – defined as a continuously operating organization as described in section 501(c)(3) or 501(c)(19) of the Internal Revenue Code with A.) more than one (1) year of continuous operating history, B.) a minimum of $1,000 and less than $3 million in annual revenue, (C.) less than 50 full-time equivalent (FTE) employees, (D.) a current Clark County charitable organization certificate e

 Pre-Venture/Start-up – defined as a business with zero to less than one (1) year of operating history and owned by an unemployed resident of Clark County.

Only one business or organization per applicant will be accepted for consideration.

Ineligibility

Who Is Not Eligible

Funding for the TEAP is intended to help businesses that show long-term viability and scalability such as businesses that can grow their workforce and/or have plans for a brick-and-mortar location. Examples of ineligible businesses include:

  • Independent contractors such as freelance or gig economy workers, Uber/Lyft drivers, DoorDash or other on-demand food delivery businesses, taxi drivers
  • Passive investment businesses, pyramid sale distribution plans or multi-level marketing
  • Commercial real estate businesses including vacation rentals, Airbnb rentals, apartment rentals
  • Businesses that derive more than one-third of their revenue from gaming activities
  • Adult oriented businesses, cannabis industry businesses, liquor stores
  • Financial institutions, such as banks, lenders, pay day lenders, auto title lenders, check cashers
  • Businesses with a conflict of interest with County, State or Federal government or third-party administrator (NDC)
Required Documentation

What You Need to Apply

The TEAP application is a two-part process. The pre-application will confirm minimum eligibility criteria. Upon completion of the pre-application screening, eligible applicants will be invited to complete the full application, which will confirm program eligibility and long-term viability.

Pre-Application

  • Clark County Business License Number or Clark County Charitable Organization Certificate Number

Full-Application

  • Business Tax Returns or Financial Statements (2019-2021 as available)
  • 2022 Internal Profit & Loss Statement or if not available, evidence of current operations (such as a bank statement or point of sale reports)
  • Business EIN or Social Security Number
  • Copy of driver’s license or state-issued ID for all owners over 20%
  • If you have employees, IRS Form 941
  • Resume (Unemployed Pre-Venture/Start-up only)
  • Strategic Plan (if available)

Applicants will also be required to detail the COVID-19 pandemic’s impact on their organization and explain how the grant investment will help the organization grow and improve its operational resiliency.

Use of Proceeds

Grant Usage Parameters

All grant awards will be used for operating capital. Examples include, but are not limited to, reopening supplies, marketing, employee wages and benefits, trainings, purchase of bookkeeping software, etc

Questions?

Additional Information

For general inquiries, please contact Rachel Flores.

Applicants who need assistance filling out the application can contact one of the three Lead Technical Assistance providers listed below. Please note: Non-profits should reach out to the GrantLab for help.

Lead Technical Assistance Partners

Subject Matter Experts

TEAP Application

Applications will be processed on a first-come, first-served basis until funds are exhausted.