Innovation Zone: Private Company Becomes a Local Government

What’s happening? Nevada Gov. Steve Sisolak proposed emerging technologies be given the freedom to develop autonomous districts to diversify Nevada’s tourism-driven economy.

Why is this important? Draft legislation would permit a company to qualify for an innovation zone if it owned at least 50,000 acres of land and invested at least $1.25 billion over 10 years.

How will this be important? Local governments are concerned about granting companies governance authority.

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