Laughlin Economic
DEVELOPMENT CORPORATION
A Community Partnership
Laughlin Economic
DEVELOPMENT CORPORATION
A Community Partnership
COMMERCIAL RENTAL ASSISTANCE GRANT (CRAG) PROGRAM
Nevada Commercial Rental Assistance Grant Program to Start Taking Applications on August 24, 2020
Carson City, NV - Today, the State Treasurer’s Office and the Governor’s Office of Economic Development announced that small businesses and non-profits will be able to apply for State’s commercial rental assistance program beginning on August 24, 2020.
The Nevada Commercial Rental Assistance Grant (CRAG) Program is using $20 million of Coronavirus Relief Funds to assist businesses and non-profit organizations that have experienced significant revenue declines due to the COVID-19 pandemic.
The Program will provide up to $10,000 in grants to eligible commercial tenants, which are not required to be paid back.
Landlords whose tenants participate in the CRAG Program will receive payments directly and must agree not to commence eviction proceedings against the tenant for 90 days following the receipt of payment.
To be eligible for the Program, applicants must meet the following criteria:
- Be a licensed for-profit business or a non-profit organization with Nevada as its principal place of business.
- Have 50 or fewer full-time employees.
- Have been in operation for at least six months prior to March 1, 2020.
- Demonstrate at least a 30 percent loss of gross monthly revenue after March 1, 2020 as a direct result of COVID-19.
- Have a physical commercial location with a current, active lease on commercial property in Nevada.
- Must not have previously received more than $5,000 in funds from the Paycheck Protection Program or other COVID-19 rental assistance programs.
- Must not have any outstanding tax liens.
Businesses are encouraged to visit the Governor’s Office of Economic Development website to learn more and to find the application when it goes live.
The Program will begin accepting applications on Monday, August 24, 2020 at 8:00 a.m. PST. The application period will be open for one week, and will close on Monday, August 31, 2020 at 5:00 p.m. PST.
Once the application period closes, applications will be prioritized to support disadvantaged businesses along with businesses and non-profits with the greatest revenue losses during the COVID-19 pandemic.
The State anticipates that approximately 2,000-3,000 businesses will receive rental assistance through this grant Program.
For questions about the CRAG Program businesses are encouraged to visit the Governor’s Office of Economic Development.
Recap 2020 Perspective Addresses Southern Nevada’s Economy
JIM MURREN AND JEREMY AGUERO DISCUSSED THE REGION’S RESPONSE, RECOVERY AND ECONOMY
More than 1,100 people registered to attend the Las Vegas Global Economic Alliance’s (LVGEA) first-ever virtual Vegas Perspective, marking the 40th anniversary of the event. Perspective is the region’s premier source for community and economic development information, analysis and forecasting. Read the rest of the article here
** View Jeremy Aguero’s presentation here **
CDM Management Receives Layoff Aversion Grant
Photo Contributed by LEDC
Deborah Markham, CDM Management, receives the Layoff Aversion grant from Martin Knauss, President, LEDC, presented at her office in the Laughlin Professional Plaza in upper Laughlin. (July 10, 2020)
The Laughlin Economic Development Corporation (LEDC) facilitated CDM Management, here in Laughlin, in receiving a Layoff Aversion grant. The grant, developed by Workforce Connections and Las Vegas Global Economic Alliance (LVGEA), was provided for through the federal Workforce Innovation and Opportunity Act (WIOA) funds provided by the Nevada Department of Employment, Training and Rehabilitation (DETR).
The grant covered 50% of the salary of two employees from April 20, 2020 through June 30, 2020.
CDM Management in Laughlin provides HOA management for a number of associations here in Laughlin, NV. Deborah Markham, owner of CDM, expressed her gratitude in the receipt of these funds during this period of uncertainty.
For information about the LEDC, contact President Martin Knauss at laughlinedc@gmail.com; 725-867-8190; or go to laughlinedc.org.
Laughlin Community to receive $4.67 million CBD grant for multi-generational Center
The Laughlin Community Development Advisory Committee, led by members Robert Bilbray and Cheryl Crow, received good news that their effort to secure a Community Block Development Grant was successful (pending final approval). The grant of $4,670,399, through the Capital Improvement Plan Application process in Clark County, is for a multi-generational center at the Spirit Mountain Activity Center located at Mountain View Park in Laughlin.
Cheryl Crow is a Director of the Laughlin Economic Development Corporation, and Robert Bilbray is the Strategic Development Advisor for the Laughlin Economic Development Corporation.
An article in a 2-21-20 Laughlin Nevada Times article contains additional details about the CBD grant and plans.
Press Release from the LEDC
BCC awards Casino Drive SID design contract
Use immediately/Contact Martin Knauss laughlinedc@gmail.com 725-867-8190
LAS VEGAS – Clark County Commissioners on August 20 unanimously approved about $2 million for design of street, water, and sewer through a special improvement district for West Casino Drive in Laughlin.
“The large-diameter water and sewer pipes finally will complete the missing link of the utilities in southern Laughlin,” said Martin Knauss, president of the Laughlin Economic Development Corporation which has supported the effort.
“This will open up lots of commercial land for development along a stretch of Casino Drive that is twice as long as the famed Laughlin Strip Corridor. And it certainly will improve access for Laughlin’s main route for visitors from southern California,” Knauss added.
The vote of 5-0, with Commissioner Michael Naft not present, to award the contract to CG Wallace was part of the consent agenda which will result in bonds being paid back by 29 property owners to widen and straighten 3.9 miles of South and West Casino Drive to 4 through lanes (from 2 lanes, and increase the speed limit from 35 MPH to 45 MPH) from Needles Highway in Upper Laughlin to Harrah’s Resort in Downtown Laughlin, and about half that length for water and sewer trunk lines for 19 properties that now lack the wet utilities.
Originally $2.3 million was earmarked for the engineers to design the 3 parts of the project. The Regional Transportation Commission of Southern Nevada (RTC) allocated $1.5 million for the street portion that will include turn lanes, curbs, sidewalks, and streetlights. The Clark County Commission approved the Laughlin Town Advisory Board’s request to allocate $800,000 from the Fort Mohave Valley Development Fund (FMVDF) towards design costs for the water and sewer districts, whose boards of trustees are the commissioners.
The $300,000 difference between the maximum allocation and the contract can be reallocated by the RTC Board, while all the unused water and sewer design money must be returned to the unique FMVDF which is limited to planning and construction of Laughlin infrastructure. Clark County is the community’s trustee for the 9,000 acres between developed Laughlin and the California border, only 13 miles from the BNSF Railroad’s main lines at Needles.
In an adjacent project, the LEDC in 2012 initiated the idea of an aquatic-based SID to dredge the navigation channels of the Laughlin Lagoon, in which owners of 24 properties are paying back Clark County-issued bonds for SID 162-A. In turn, it is tied into the planned Laughlin River Park between the Lagoon and Big Bend of the Colorado State Recreation Park. The Lagoon and planned 40-acre Park are adjacent to the Casino Drive SID, and tie into the LEDC support of the Laughlin Town Advisory Board drive to get the Big Bend Water District (operated by the Las Vegas Valley Water District) and the Clark County Water Reclamation District to install backbone systems in the 14 square-mile Laughlin Southland that is immediately south of the Big Bend park and reaches to the California border.
That would allow the BNSF Railroad to install a branch line to the Needles Highway in the Southland, only 13 miles from its main line in Needles.
County approves improvements in southern Laughlin
Laughlin Times
Laughlin Casino Drive SID
Fort Mohave Development Area
Future for Laughlin!
Overhead view south to the 9000 acre Fort Mohave Development Area (FMDA) in Laughlin, Nevada.
Promoting Economic Development in Laughlin
BLM Resources Management Plan
LEDC Comments on the BLM Plan
The Laughlin Economic Development Corporation released comments
for the Bureau of Land Management's Resources Management Plan.
Our goal jobs and economic development.
Click on the link below to see and download our comments.
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The LEDC is always looking for civic and business leaders to join us in our efforts of promoting economic development in Laughlin. If you are interested in getting involved please visit our Membership page for more information.