Nevada governor proposes giving tech firms power to govern
1 min read
Photo caption: Steve Sisolak speaks after winning his race against Nevada Attorney General and Republican gubernatorial candidate Adam Laxalt at the Nevada Democratic Party’s election results watch party at Caesars Palace on November 7, 2018 in Las Vegas, Nevada. Ethan Miller / Getty Image. Article by Sam Metz, Associated Press. CNBC – February 26, 2021.
- Under the proposal, companies developing cutting-edge technologies that have at least 50,000 acres of land and promise to invest $1.25 billion could establish “Innovation Zones.”
- The zones would be governed by a board responsible for overseeing zoning, taxation, law enforcement and other government functions on their land. It would override local county regulations.
- The governor’s office of economic development would initially appoint three members to govern the zone, including two required to be from the company.
Nevada’s governor on Friday unveiled a proposal that would allow technology companies to establish jurisdictions with powers similar to those of county governments, arguing the state needed to be bold to diversify its economy and pushing back against those who have likened the idea to company towns. […]
