Geoff Dornan
gdornan@nevadaappeal.com

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April 7, 2013
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Bill would bring federal-private funding to Nevada companies

Lawmakers are considering legislation that would use seed money from Nevada’s Insurance Premium Tax to leverage both private and federal funding to create or expand Nevada businesses in poor communities. Senate Minority Leader Michael Roberson, R-Las Vegas, presented Senate Bill 357 at a Saturday hearing of the Senate Commerce and Labor Committee. The measure would create the Nevada New Markets Jobs Act as a tax credit program for small businesses willing to invest in low-income communities. Ryan Brennan of Advantage Capital Partners said the bill would commit up to $30 million from the Insurance Premium Tax as loan money to …

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The Nevada Appeal Updated Apr 7, 2013 01:00AM Published Apr 10, 2013 02:43AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.