Las Vegas’ main economic development group would get a sizable increase in funding from the city under a proposed agreement.
The contract with the Las Vegas-San Miguel Economic Development Corporation calls for upping the city’s annual donation from $40,000 to $65,000.
The City Council will consider the agreement at its meeting Wednesday.
Earlier in the annual budgeting process, the city had planned to give $80,000 to the group this year. But Sharon Vander Meer, EDC’s executive director, said the city reduced the amount because of cuts it had to make at the request of the state government.
EDC plans to use $25,000 of the city donation to match a similarly sized grant from the Kellogg Foundation’s Empowering Business Spirit Initiative to the local group.
With the money, EDC aims to help local entrepreneurs in setting up businesses, Vander Meer said.
“We have hired a facilitator who helps new businesses. This is similar to programs in other communities, which have helped towns grow from within. We’re confident it will work here,” she said. “There are a lot of people here who have good business ideas. We can help give them with the background and sources to get them off the ground.”
She said EDC is still working to get outside businesses to set up shop here. She noted that Results Las Vegas, owned by Nevada-based Paramount Multi Services LLC, has already hired 78 people at its call center on Mills Avenue. She said the firm has acquired a new contract, so it expects to hire 100 more.
EDC helped recruit Results Las Vegas to town.