  I summarize the main observational properties of low-luminosity AGNs in
nearby galaxies to argue that they are the high-mass analogs of black hole
X-ray binaries in the "low/hard" state. The principal characteristics of
low-state AGNs can be accommodated with a scenario in which the central engine
is comprised of three components: an optically thick, geometrically accretion
disk with a truncated inner radius, a radiatively inefficient flow, and a
compact jet.
