SB 119 Nevada Senate · 2025 Regular Session

Revises provisions relating to the NV Grow Program. (BDR S-81)

SB 119 revises Nevada's NV Grow Program to expand eligibility for small businesses by lowering the minimum annual revenue requirement from $50,000 to $35,000 (while maintaining a $700,000 maximum). The bill requires the Division of Small Business and Entrepreneurship Development (formerly the Division of Workforce and Economic Development) to produce an annual report by February 1st each year, detailing assistance provided to participating businesses and their growth metrics, which must be posted online. It also appropriates $1.2 million to the College of Southern Nevada to fund program operations and updates the program’s focus to prioritize existing Nevada businesses over recruiting from other states. This directly affects small businesses meeting the revised revenue criteria and the College of Southern Nevada as the program administrator.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

Assembly Passage

Jun 2025

Signed into Law

Jun 2025

Introduced Jan 27, 2025 Signed Jun 10, 2025

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What changed between versions

Reprint 2 → As Enrolled · 4 edits · Jun 10, 2025

MODERATE

This bill updates the NV Grow Program by renaming the responsible division, lowering the minimum revenue requirement for businesses to qualify, and establishing new reporting and operational duties. The changes aim to make the program more accessible to smaller businesses while clarifying the division's role in tracking business growth and managing resources.

Scope change

The bill expands the program's scope by lowering the minimum revenue threshold for participating businesses from $50,000 to $35,000 and formally renaming the overseeing division.

DEFINITION

The name of the Division of Workforce and Economic Development was changed to the Division of Small Business and Entrepreneurship Development.

ELIGIBILITY

The minimum revenue requirement for a business to participate in the program was lowered from $50,000 to $35,000.

REQUIREMENT

New requirements mandate the Division to prepare an annual report by February 1st detailing assistance provided and business growth data.

New operational duties were added, including the employment of a lead counselor and a geographic information specialist to track and support businesses.

Floor votes · Assembly Jun 2, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 10, 2025

Signed into law

Approved by the Governor.

executive

Jun 4, 2025

Upper · Passed

To enrollment.

upper

Jun 2, 2025

Upper · Passed

Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.

upper

Jun 1, 2025

Upper · Passed

From committee: Do pass. Placed on Second Reading File. Read second time.

upper

May 28, 2025

Upper · Passed

From committee: Amend, and do pass as amended. Placed on General File. Read third time. Amended. (Amend. No. 872.) Reprinting dispensed with. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 19, Nays: None, Excused: 2.) To printer.

upper

Apr 15, 2025

Upper · Passed

From printer. To engrossment. Engrossed. First reprint. To committee.

upper

Apr 14, 2025

Upper · Passed

From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 38.) Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.

upper

Jan 27, 2025

Introduced

Prefiled. Referred to Committee on Revenue and Economic Development. To printer.

upper

1 primary · 0 co-sponsors