Nevada_Executive_Budget_2013-2015

GOED - NEVADA CATALYST FUND
101-1529
PROGRAM DESCRIPTION
The Nevada Catalyst Fund is a newly formed grant program to be administered through a non-profit corporation. It is primarily designed to bolster efforts to attract new businesses to the
state or assist with the substantial expansion of an existing business. The fund is designed to provide a discretionary grant to close a competitive gap for projects thereby creating jobs and
investment in Nevada. To be eligible for Nevada Catalyst funds, a project must demonstrate a significant return on the state's investment and strong local support. The review process will
consider a variety of factors including job creation, wages and benefits, capital investment, financial strength of the applicant, applicant's business history, analysis of the relevant business
sector, and public and private sector financial support.
BASE
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
APPROPRIATION CONTROL 10,000,000 0 0 0 0 0
BALANCE FORWARD FROM PREVIOUS YEAR 0 10,000,000 0 0 0 0
BALANCE FORWARD TO NEW YEAR -10,000,000 0 0 0 0 0
TOTAL RESOURCES: 0 10,000,000 0 0 0 0
EXPENDITURES:
BUSINESS ASSISTANCE AND DEVELOPMENT PROGRAM 0 10,000,000 0 0 0 0
TOTAL EXPENDITURES: 0 10,000,000 0 0 0 0
ENHANCEMENT
E150 SUSTAINABLE AND GROWING ECONOMY
This request provides funding for the Catalyst Fund created by the 2011 Legislature. The fund is intended to be a deal-closing fund, helping to spur the recruitment of companies to Nevada
from outside the State and expansion of companies in the state.
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
APPROPRIATION CONTROL 0 0 0 0 0 3,500,000
TOTAL RESOURCES: 0 0 0 0 0 3,500,000
EXPENDITURES:
BUSINESS ASSISTANCE AND DEVELOPMENT PROGRAM 0 0 0 0 0 3,500,000
TOTAL EXPENDITURES: 0 0 0 0 0 3,500,000
GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT - 29
GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT