CARSON CITY — A $10 million fund set up to entice businesses to come to Nevada is “the most efficient economic development tool” in the state and has surpassed projections for job creation, the head of Nevada’s economic development agency told lawmakers Tuesday.
The Catalyst Fund created in 2011 provides grants to companies looking to relocate or expand in Nevada. The goal at the outset was to reap 2,500 jobs for a state hard hit by the recession, Steve Hill, executive director of the Governor’s Office of Economic Development, told members of the Senate Finance Committee.
