This week, the Nevada State Infrastructure Bank held its second meeting to discuss proposals for investing in affordable housing and other priority infrastructure projects to leverage hundreds of millions of dollars of outside capital, while creating thousands of jobs. the State Infrastructure Bank kicked off a 30-day comment period to receive public input on a proposed Capital Allocation Plan to support $75 million in forthcoming infrastructure projects.
Kickstarting Nevada’s State Infrastructure Bank was highlighted in Governor Sisolak’s 2021 State of the State Address, and Treasurer Zach Conine has made it a priority to aid in long-term job growth throughout the State. More information about the meeting can be found HERE.
In early December, Governor Sisolak announced the Community Recovery Grant program that is aimed at utilizing existing non-profits in the State to provide direct and immediate community services. This week, the Governor announced that 337 organizations responded with over $445 million in funding requests. Applications will be reviewed and evaluated in the coming weeks and the State expects to bring forward an initial set of applications for approval to the Nevada Legislature’s Interim Finance Committee in February.