Bill > AB436

Introduced Session

Legislative Counsel's Digest: Existing law: (1) provides for the certification of eligible local emerging small businesses by the Office of Economic Development; and (2) requires the Office to establish an outreach program for local emerging small businesses to connect those businesses with state agencies seeking state purchasing contracts and contracts for public works of this State and goals concerning the participation of local emerging small businesses in those contracts. (NRS 231.1405, 231.14065, 231.1407) Section 1 of this bill requires the Office to provide a business certified as an eligible local emerging small business with certain information concerning public and private programs to provide financing to small businesses and the criteria for obtaining financing through such programs. Existing law requires a person to obtain a state business registration and pay an annual fee before conducting business within this State, unless exempted from the business registration requirement. (NRS 76.100, 76.130) Sections 2 and 4 of this bill clarify that a person may obtain or renew a state business registration by submitting a written application or applying through the state business portal established by the Secretary of State. Sections 2 and 4 also require the Secretary of State, upon the issuance or renewal of a state business registration, to provide to the business certain information concerning public and private programs to provide financing to small businesses and the criteria for obtaining financing through such programs. Finally, sections 2 and 4 also require the Secretary of State to include on the form for an application for the issuance or renewal of a state business registration an opportunity for the applicant to indicate whether the applicant s business is a minority-owned business, a woman-owned business or a veteran owned business. If the applicant indicates that the business is a minority-owned business or a woman-owned business, sections 2 and 4 require the Secretary of State to provide information concerning how the person may become certified as a disadvantaged business enterprise for certain purposes related to contracting for transportation projects and qualifying for loans to disadvantaged business enterprises. Existing law creates the Regional Business Development Advisory Council for Clark County and prescribes its duties. (Sections 15 and 20 of chapter 7, Statutes of Nevada 2003, 20th Special Session, at pp. 268-69) Section 5 of this bill requires the Council to provide to local businesses owned and operated by disadvantaged persons certain information concerning public and private programs to provide financing to small businesses and the criteria for obtaining financing through such programs.

Irene Bustamante Adams (D)*,  Richard Carrillo (D)*,  Daniele Monroe-Moreno (D)*,  Dina Neal (D)*,  Ellen Spiegel (D)*,  Jason Frierson (D), 

Approved by the Governor. Chapter 426. (on 06/06/2017)

Official Document