Last Updated on August 23, 2023 by Hannah Stevens
The federal government allocates the majority of the budget of more than $3,757.00 million dollars in grants and additional local government funds of $3,142.00 million dollars into the business sector because small businesses and large corporations are the backbone of Nevada’s economic growth. The state of Nevada has 47,929 businesses, and they are broken down into the following:
Nevada Business Sector Breakdown by Size
- 27,536 registered businesses in Nevada have 0 to 4 employees. This breakdown includes those who work from home and have sole proprietorship.
- 7,514 registered businesses in Nevada have 5 to 9 employees.
- 4,900 registered businesses in Nevada have 10-19 employees.
- 4,358 registered businesses in Nevada have 20-99 employees.
- 1,506 registered businesses in Nevada have 100 to 499 employees.
- Over 2,115 registered businesses in Nevada have over 500 employees.
Nevada Business Sector Breakdown in Service Industries
- 7,982 registered businesses in Nevada belong in the Professional, Scientific and Technical Services sector.
- 4,221 registered businesses in Nevada are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 5,776 registered businesses in Nevada are part of the Accommodation and Food Services sector.
- More than 4,163 registered businesses in Nevada are also service orientated businesses, but are not part of the categories above.
You may also be eligible to apply for grants for small businesses if you work in the agriculture industry. The state of Nevada has more than 3,000 farms.
Small Businesses in Nevada
It is difficult to start and manage a small business in this state. In Nevada, more than $39,137,038,000.00 US dollars is spent on employee salaries/payroll alone, and every year, more than 31,037 businesses go bankrupt. The federal government does not publicly provide grants to entrepreneurs for expanding or starting a business. However, small business grants can be provided in Nevada to help business owners start and grow their ventures. Moreover, grant recipients don’t have to repay the government funding. So, it is worth looking into small business grants to help fund your business.
Contact Nevada financial aid agencies to apply for business grants.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: