Nevada bill would allow tech companies to create governments
source link: https://apnews.com/article/legislature-legislation-local-governments-nevada-economy-2fa79128a7bf41073c1e9102e8a0e5f0
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Nevada bill would allow tech companies to create governments
CARSON CITY, Nev. (AP) — Planned legislation to establish new business areas in Nevada would allow technology companies to effectively form separate local governments.
Democratic Gov. Steve Sisolak announced a plan to launch so-called Innovation Zones in Nevada to jumpstart the state’s economy by attracting technology firms, Las Vegas Review-Journal reported Wednesday.
The zones would permit companies with large areas of land to form governments carrying the same authority as counties, including the ability to impose taxes, form school districts and courts and provide government services.
The measure to further economic development with the “alternative form of local government” has not yet been introduced in the Legislature.
Sisolak pitched the concept in his State of the State address delivered Jan. 19. The plan would bring in new businesses at the forefront of “groundbreaking technologies” without the use of tax abatements or other publicly funded incentive packages that previously helped Nevada attract companies like Tesla Inc.
Sisolak named Blockchains, LLC as a company that had committed to developing a “smart city” in an area east of Reno after the legislation has passed.
The draft proposal said the traditional local government model is “inadequate alone” to provide the resources to make Nevada a leader in attracting and retaining businesses and fostering economic development in emerging technologies and industries.
The Governor’s Office of Economic Development would oversee applications for the zones, which would be limited to companies working in specific business areas including blockchain, autonomous technology, the Internet of Things, robotics, artificial intelligence, wireless, biometrics and renewable resource technology.
Zone requirements would include applicants owning at least 78 square miles (202 square kilometers) of undeveloped, uninhabited land within a single county but separate from any city, town or tax increment area. Companies would have at least $250 million and plans to invest an additional $1 billion in their zones over 10 years.
The zones would initially operate with the oversight of their location counties, but would eventually take over county duties and become independent governmental bodies.
The zones would have three-member supervisor boards with the same powers as county commissioners. The businesses would maintain significant control over board membership.
The governor’s economic development office did not respond to questions about the zones Wednesday.
Recommend
-
9
Ultradense Coding would allow FTL Signalling 29 May 2016 The title spoils the question, but I'll ask it anyways: how do we know that there's no clever way to pack more than 2 bits into a transmitted qubit?
-
4
RedDrip Team on Twitter: "By decoding the #DGA domain names, we discovered nearly a hundred domains suspected to be attacked by #UNC2452 #SolarWinds, including universities, governments and high tech companies such as @Intel and @Cisco. Visit ou...
-
7
Nevada governor backpedals on plan to allow tech companies to form local governmentsThe state will now study the proposal instead.
-
3
Friday, 04 February 2022 09:52 Globally, consumers give up on governments and turn to companies to save the planet By Fifth Dimension Fifth Dimension founder and CEO...
-
1
Community Cyberterrorism: Governments, not tech companies, must lead the defense Image Credit: the-lightwriter/Getty Images
-
3
California bill would let parents sue social media companies California Assembly Member Buffy Wicks (D-Oakland) is co-sponsor of a bill that would obligate social media companies to not addict child users and all...
-
8
Image: Bloomberg / Contributor via Getty ImagesThe Newest Bitcoin Diet Trend Is Hating ‘Seed Oils’T...
-
3
Virginia Bill Would Allow Pregnant Drivers Use HOV Lane US Markets Loading... In the news...
-
4
Opinion Latin American companies, governments need more focus on cybersecurity
-
3
by Jon Gold Senior writer
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK