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