Unclaimed Property Returned to Nevadans
The Nevada State Treasurer’s office has announced $28.5 million in unclaimed property has been returned to Nevadans during the COVID-19 pandemic. In the early weeks of the pandemic, the Treasurer’s office worked with the Department of Employment, Training and Rehabilitation (DETR) to develop a program designed to connect individuals who filed claims for unemployment insurance benefits with their unclaimed property. Approximately $1.4 million of the total claims processed was a result of the inter-agency program.
NCOT Awards Tourism Grants to Rural Nevada
The Nevada Commission on Tourism (NCOT) has approved $1.65 million in COVID-19 Rural Recovery Grants to Nevada tourism agencies. In addition, NCOT approved $4,921 in grant funding for the organization’s Volunteer Impact Program. Both grant programs were made available by the Coronavirus Relief Funds (CRF) through the CARES Act. Grants through both programs will help tourism agencies and organizations promote that they are safe and open for visitors.
Southern Nevada Home Prices Rise, Supply Limited
A recently released report from Las Vegas Realtors (LVR) shows local home prices are on the rise, while the housing supply is dwindling. The median price of existing single-family homes sold in southern Nevada during October was $340,200, up 10.8 percent from the same time last year. Compared to the same time last year, October sales were up 11.2 percent for homes and up 9.5 percent for condos and townhomes.
Nevada SBDC Supports over 10,000 Nevada Jobs
The Nevada Small Business Development Center (SBDC) has assisted 2,855 clients with $45.5 million in capital. In addition, the organization helped start 159 businesses supporting a total of 11,049 jobs in the midst of the global pandemic. Disaster-related counseling and training was given to 1,341 of the SBDC’s clients and $22.8 million in disaster-related funding for businesses was secured. The Nevada SBDC was founded in 1985 and has 14 offices throughout the state.
