{"data":{"id":"us-nv/nrs-231.1405","jurisdiction":"us-nv","citation":"NRS 231.1405","heading":"Eligibility for certification: General requirements.","body":"1. To be eligible for certification as a local emerging small business, a business must:\n(a) Be in existence, operational and operated for a profit;\n(b) Maintain its principal place of business in this State;\n(c) Be in compliance with all applicable licensing and registration requirements in this State;\n(d) Not be a subsidiary or parent company belonging to a group of firms that are owned or controlled by the same persons if, in the aggregate, the group of firms does not qualify pursuant to subsection 2 or 3 for designation as a tier 1 firm or a tier 2 firm; and\n(e) Qualify pursuant to subsection 2 or 3 for designation as a tier 1 firm or a tier 2 firm.\n2. To be designated a tier 1 firm, a business must not employ more than 20 full-time or full-time equivalent employees and:\n(a) If the business is involved in providing construction services, the average annual gross receipts for the business must not exceed $1.7 million for the 3 years immediately preceding the date of application for certification as a local emerging small business; or\n(b) If the business is involved in the sale of goods or in providing services other than construction services, the average annual gross receipts for the business must not exceed $700,000 for the 3 years immediately preceding the date of application for certification as a local emerging small business.\n3. To be designated a tier 2 firm, a business must not employ more than 30 full-time or full-time equivalent employees and:\n(a) If the business is involved in providing construction services, the average annual gross receipts for the business must not exceed $3.5 million for the 3 years immediately preceding the date of application for certification as a local emerging small business; or\n(b) If the business is involved in the sale of goods or in providing services other than construction services, the average annual gross receipts for the business must not exceed $1.3 million for the 3 years immediately preceding the date of application for certification as a local emerging small business.\n4. In determining if a business qualifies for a designation as a tier 1 firm or a tier 2 firm pursuant to subsection 2 or 3, the Office shall use the criteria set forth in NRS 231.14052 to determine whether an employee is a full-time equivalent employee for the purposes of such a designation.","path":["TITLE 18 — STATE EXECUTIVE DEPARTMENT","CHAPTER 231 - ECONOMIC DEVELOPMENT, TOURISM AND CULTURAL AFFAIRS","ECONOMIC DEVELOPMENT","Program for Certification of Local Emerging Small Businesses"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-231.html#NRS231Sec1405","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:34Z","sha256":"f10bc1fa567af149a2e14041da6d65005a17603e326f11e386a851a48fadd383","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-231.1404","next":"us-nv/nrs-231.14052"},"notice":"GroundRules: Original legal text. Not legal advice."}