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In March 2024, the Nevada County Board of Supervisors unanimously adopted a two-year Economic Development Action Plan that will serve as a playbook for the County and its local and regional partners. The plan outlines an economic development vision that is fundamentally about creating a thriving community for all. It will encompass programs, policies, and activities that drive sustainable economic prosperity, social equity, and community well-being.
The plan can be found on the County of Nevada website under the Economic Development Department. You can also click on the link below.
To schedule a presentation of the plan with your group, please contact the Economic Development Office at (530) 470-2795.
To view the Economic Development Action Plan
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Legal Structure for Your Business
(con't from Part 1 in the April e-newsletter).
Part 2 - Steps to Take When Setting up Your Legal Structure
Setting up the appropriate legal structure for a new business involves several steps:
1. Research considerations: Begin by researching the different legal structures available (such as sole proprietorship, LLC, partnership, C Corp, S Corp) and consider the specific needs and goals of your business. Factors to consider include liability protection, tax implications, management structure, and ownership flexibility.
2. Consult with professionals: Seek guidance from legal and financial professionals, such as lawyers, accountants, or business advisors, who can provide personalized advice based on your unique situation. They can help you understand the legal and tax implications of each structure and recommend the most suitable option for your business.
3. Choose the legal structure: Based on your research and consultations, select the legal structure that best aligns with your business objectives. Consider factors such as liability protection, tax treatment, ease of formation, and administrative requirements.
4. Register your business: Once you've chosen a legal structure, you'll need to register your business with the appropriate government authorities. This typically involves filing paperwork with the state or local government, obtaining necessary licenses or permits, and fulfilling any other regulatory requirements.
5. Obtain an Employer Identification Number (EIN): Regardless of the legal structure chosen, most businesses will need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). An EIN is a unique identifier for your business and is used for tax purposes, such as filing tax returns and opening a business bank account.
6. Fulfill ongoing requirements: Depending on the chosen legal structure, there may be ongoing compliance requirements, such as annual filings, tax payments, or maintaining corporate records. Stay informed about these obligations and ensure timely compliance to maintain the legal status of your business.
By following these steps and seeking professional guidance, you can set up the appropriate legal structure for your new business, laying a solid foundation for future growth and success.
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SAVE THE DATE FOR THESE FANTASTIC EVENTS!
14th Annual Rockabilly Riot - May 31, June 1 & 2
9th Annual Rotary Gold Country Challenge - June 1st
37th Annual Grass Valley Car Show - June 8
49th Annual Father's Day Bluegrass Festival - June 13-16
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CELEBRATING BUSINESS IN NEVADA COUNTY | |
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MAK’s BBQ is celebrating their Grand Opening Weekend on May 31st and June 1st!
MAK’s, located at 10128 Alta Sierra Dr. in Grass Valley, is hosting its BBQ in the parking lot, while the service works out of the kitchen.
MAK’s was started by Andrew and Kim, a couple who worked together to launch their business dreams. Andrew, the pit master, has nearly 10 years of backyard BBQ experience, learning everything he could about what makes the best BBQ. Kim joined the journey when she met Andrew in 2021.
Enjoying those backyard BBQs and encouraging Andrew to pursue his dream of opening his own BBQ business, Kim jumped in to get the idea off the ground and provided support where needed.
MAK’s provides BBQ meats enriched with a smokey flavor that only low and slow cooking can accomplish. Their made-from-scratch dry rubs and sauce add the perfect amount of twang to every bite.
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Their menu includes pulled pork, brisket, pork ribs, and chicken. They also offer monthly specialty meats like dino beef ribs and turkey breast. Their sides, including BBQ beans, street corn in a bowl, and banana pudding, are the perfect complement to the meat feast!
Check out their pre-order system, which will help you avoid walk-up and wait lines and guarantee you get the meat you want. Please note, that this location currently offers no seating.
In the future, look for party platters and catering options.
Click on the link below and follow MAK’s on social media @maksbbqca on Instagram and MAK’s BBQ on Facebook!
Click here for more information and order details.
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FOR LEASE:
110 Union Nevada City
Newly Built-out 1,843SF
This location offers a rare opportunity to lease out a newly built-out 1,843 SF elevator-served office in one of Nevada City's most iconic buildings. 100 Union was built in 2008 and is the newest office building in downtown Nevada City, it features underground parking (1 spot per tenant) and is one of the only elevator-served buildings in downtown. Its architecture is consistent with downtown Nevada City, making the building look like it is 150 years old with all of today's modern amenities.
100 Union is a three-minute walk to the courthouse and is a stone's throw from some of the best eateries in Nevada City, making its location unmatched.
The space was built out in 2018 as a regional law office and is fresh and modern, with glass walls in the conference room and high-end finishes throughout. It features four private offices, a large reception, and a large conference room and lends itself to almost any professional service use.
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PROPERTY FACTS
Building Type - Office
Year Built - 2005
Building Height - 2 Stories
Building Size - 10,966 SF
Building Class - B
Typical Floor Size - 5,483 SF
Parking - Reserved Parking
Tyson Tucker
Coldwell Banker
Commercial
Grass Roots Realty
530-272-7222
Tyson Tucker ttucker@cbcommercialgr.com
Click for more details
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FUNDING AND GRANT OPPORTUNITIES | |
Grant Season Has Arrived
Eight different funding opportunities are open for application submissions now through June 6
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SACRAMENTO, CA – The California Arts Council (CAC) launched its 2024 grant season, opening eight different funding opportunities for application submissions from eligible arts organizations now through June 6.
The California Arts Council is a state agency with a mission of strengthening arts, culture, and creative expression as the tools to cultivate a better California for all. The Arts Council is California’s only public arts grants provider with funding that is accessible to all 58 California counties.
To view the grant site click here
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Truckee Roundhouse Community Makerspace Announces Class Scholarship Program
The Truckee Roundhouse Community Makerspace is thrilled to introduce its new Class Scholarship Program, reinforcing its commitment to making creative space, technology, and tools accessible to everyone in the community.
The Truckee Roundhouse offers a wide range of classes that empower individuals to explore and unleash their creative potential. The Class Scholarship Program grants individual awards of $275 per individual per quarter, enabling recipients to enroll in any available classes across their five workshops: wood, metal, textiles, ceramics, and technology. An individual can apply for up to two scholarships per year.
This initiative is designed to provide educational opportunities for individuals demonstrating financial need and a desire to use the Truckee Roundhouse for personal or professional growth.
To be eligible for the Class Scholarship Program, applicants must meet the following criteria:
- Be 16 years of age or older.
- Submit a scholarship application for consideration.
- Demonstrate financial need based on household size, employment status, and a statement of need.
- Preferential consideration will be given to residents of the North Lake Tahoe area, including Incline Village, Truckee, and Summit areas.
- Priority will be given to residents showcasing a genuine commitment to utilizing the space for self-improvement and growth.
- Upon receipt and use of the scholarship, applicants are required to complete an Impact Survey.
For those with questions or seeking assistance before completing the application, please contact info@truckeeroundhouse.org.
Scholarship determinations are made on a rolling basis every quarter, beginning on the first of the calendar year. This program's funding is made possible through generous contributions from various community partners, including the Queen of Hearts Women's Fund at the Tahoe Truckee Community Foundation and Martis Camp Foundation.
Click for grant guidelines and application
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California Small Business Loan Match Program
The California Small Business Loan Match Program is a new lender-match initiative provided by California Infrastructure and Economic Development Bank’s (IBank’s) Small Business Finance Center, as an extension of their Loan Guarantee Program.
It aims to simplify the process for entrepreneurs in California to find and secure suitable loans. This program functions as a bridge, connecting business owners with an array of lenders pre-vetted and enrolled in IBank's Loan Guarantee Program, ensuring reliable and fair lending practices.
The process begins with a brief pre-application that does not affect the applicant's credit score. Once submitted, the program matches the applicant with potential lenders based on their business needs and eligibility.
Details about each lender and their loan offerings are available, allowing applicants to choose which lender to engage with further. The chosen lender will then contact the applicant to proceed with the application process, which includes a review of additional documentation and the establishment of loan terms suitable for the business.
The program also includes resources and technical assistance for those who do not immediately qualify for a loan, encouraging them to reapply as new lenders and loan products are continually integrated into the platform.
For more detailed information and to start the application process, you can visit their website at Home | California Small Business Loan Match (caloanmatch.org).
Click for more details
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Don't miss the tremendous array of training
being offered over the next month.
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The following trainings are courtesy of the Sierra Small Business Development Center at: (530) 582-5022. | |
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Building a Successful Food & Beverage Brand
The program is critical for anyone looking to develop a successful food or beverage brand regardless of what stage of development to brand has achieved. From raw startup to seasoned brand looking to grow you will benefit from this webinar.
June 4: 10:30am-12:00pm
For class information and to register click here.
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MIS for Small Businesses
Learn how to use financial reports to run your business, manage cash, and develop a successful management philosophy focusing on your business’s key elements.
June 11: 10:30am-12:00pm
For class information and to register click here.
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Digital Marketing Hour: Meta Business Suite
Free Webinar
June 19th, 2024 - 9-10am
Advanced Registration Required
Maximizing Your Digital Marketing with Meta Business: “Navigating Meta Business Suite to Connect Meta Business Platforms and Advertising Campaigns”
Learning how to use Meta Suite, specifically for Facebook and Instagram features, involves understanding how these two platforms are interconnected and how you can leverage their combined capabilities to enhance your social media marketing and engagement.
With the array of digital tools and social media platforms available, businesses often ask: Which ones should be implemented first? When will I see the results? How can my company develop a meaningful digital marketing strategy with limited resources? This class will help you figure that out.
For class information and to register click here.
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The following training is offered by SCORE | |
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How to Create A Marketing Plan For Your Small Business
Are you overwhelmed by all the marketing choices for your business? Not sure how or where to spend your time and money? It sounds like you need a marketing plan! Without a plan in place, you could potentially waste thousands of dollars and hundreds of hours trying to grow your business.
In this webinar, professional marketing coach and expert Patty Ross will help you create a marketing plan, define your brand, determine your audience, and find where to advertise to get a positive return on investment.
A well-executed marketing plan will help you:
- Define your business strengths, weaknesses, opportunities, and threats
- Set goals for marketing your business
- Define your target audience
- Create your Unique Selling Proposition based on competitor analysis
- Measure and Optimize your Marketing Efforts
- Define your brand with proper visuals and messaging
- Determine the tools you will need to execute your marketing plan
Live attendees will receive free business resources and a link to this webinar recording.
May 30: 1:00pm-2:30pm
For class information and to register click here.
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Vocational ESL & Basic Skills Training for Manufacturers
Providing employees with ongoing education and training leads to increased productivity and employee retention. State funding secured by California’s Manufacturing Network (CMTC) will provide the opportunity for eligible manufacturers to train employees in workplace literacy. Training includes Vocational English as a Second Language, Basic Math, and Digital Literacy.
Sign up now to get qualified for funding!
Click for more details
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Truckee Roundhouse Maker Show
The Truckee Roundhouse is a community makerspace that exists for all members of the Greater Truckee and North Lake Tahoe Mountain community and serves as a catalyst for a more connected and creative world.
They provide accessible resources -- tools, teachers, and programs -- in a collaborative environment where young and old come together to explore their creative potential. As a community-run, community-benefiting organization, the Roundhouse enriches lives with meaningful professional and recreational arts and education programs.
Location: Truckee Roundhouse Community Makerspace
Price: $10, $5 for Bike Riders, Free for kids 5 and under
Phone: 530.582.4007
Email: info@truckeeroundhouse.org
Type of Event: Art & Gallery, Music, Visual Arts
All Ages welcome
Event Description: Join us for this celebration of art, community, and ingenuity at our 8th annual Maker Show!
This is our largest fundraiser and community event of the year. Celebrate local makers and share in the awe and wonder of their creations. We'll have an eclectic assortment of interactive arts, technologies, hobbies and projects, food trucks, beer, music, art cars, kids' activities, tours of the makerspace, a silent auction, and raffle prizes.
Sunday, June 9, 2024, 11:00am-5:00pm.
Click for more details
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