Building Sustainable Tourism Capacity in Nevada
GrantID: 10905
Grant Funding Amount Low: $10,000
Deadline: January 2, 2023
Grant Amount High: $10,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Business & Commerce grants, Opportunity Zone Benefits grants, Other grants, Small Business grants.
Grant Overview
Target Outcomes for Nevada Cooperative Businesses The Grant for Business Startup for Founders 50 Years or Older, provided by a Banking Institution, aims to support cooperative businesses or business startups that will legally incorporate as a cooperative within the next 12 months. In Nevada, the priority outcomes for this grant are centered around fostering economic growth, promoting entrepreneurship among older adults, and encouraging cooperative business models that benefit the local community. One of the primary target outcomes is the creation of new cooperative businesses in Nevada's rural areas, such as the frontier counties. By supporting these businesses, the grant aims to stimulate local economies and provide new opportunities for employment and economic stability. The Nevada Governor's Office of Economic Development (GOED) is a key state agency that works to promote economic growth and development in the state, and this grant aligns with their efforts. ## Cooperative Business Models and Priority Outcomes The grant prioritizes cooperative business models that share a majority of their ownership with workers, consumers, or other non-founder stakeholders. This model is expected to promote community involvement and ensure that the benefits of the business are shared among its members. In Nevada, this could involve businesses in various sectors, including agriculture, tourism, and small manufacturing. For instance, a cooperative business model could be applied to a small-scale agricultural venture in the Nevada countryside, where local farmers pool their resources to create a more sustainable and profitable business. The success of these cooperative businesses will be measured through various outcomes, including job creation, business sustainability, and community engagement. The grant also aims to support businesses that contribute to the state's economic diversification, such as those in the technology or renewable energy sectors. By doing so, the grant will help Nevada's economy become more resilient and better equipped to withstand economic fluctuations. In Las Vegas, for example, a cooperative business startup could focus on providing innovative services or products that cater to the city's growing population. The grant will support such initiatives, helping to drive economic growth and development in the region. Additionally, the Nevada Small Business Development Center (NSBDC) provides resources and support to small businesses and entrepreneurs, which could be leveraged by cooperative businesses to achieve their goals. ## Measuring Success and Achieving Priority Outcomes To achieve the priority outcomes, the grant will focus on providing funding and support to cooperative businesses that demonstrate a clear understanding of their target market and a robust business plan. The grant will also provide access to business development resources, such as mentorship and training programs, to help businesses succeed. By supporting cooperative businesses and promoting entrepreneurship among older adults, the grant aims to make a positive impact on Nevada's economy and communities. Applicants for this grant should be aware that the funder will be looking for businesses that not only demonstrate financial viability but also contribute to the state's economic development goals. By aligning their business plans with the priority outcomes, applicants can increase their chances of securing funding. Q: What types of cooperative businesses are eligible for this grant in Nevada? A: Cooperative businesses or startups that will incorporate as a cooperative within the next 12 months, sharing a majority of ownership with workers, consumers, or other non-founder stakeholders, are eligible. Q: How will the grant measure the success of cooperative businesses in Nevada? A: Success will be measured through outcomes such as job creation, business sustainability, and community engagement, as well as contributions to the state's economic diversification. Q: What resources are available to cooperative businesses in Nevada beyond the grant funding? A: Businesses can access resources and support from organizations such as the Nevada Small Business Development Center (NSBDC) and the Nevada Governor's Office of Economic Development (GOED), which provide business development resources and promote economic growth in the state.
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