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Nevada bill allows tech companies to form separate local governments


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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...
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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.

 

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  • 2 weeks later...
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M.WASHINGTONTIMES.COM

In the Nevada desert, a cryptocurrency magnate hopes to turn dreams of a futuristic “smart city” into reality. To do that, he’s asking the state to let companies like his form local governments on land they own, which would grant them power over everything from schools to law enforcement.

 

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  • 3 weeks later...
Just now, dualhunter said:

 

Nice to grow up in Canadian company towns, not American company towns :p

 

Flint isn't a company town though.

 

Not technically, but it failed more catastrophically than pretty much any other 'real' company town. GM had huge controlling interests in the city until the 1980s.

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1 hour ago, sblfilms said:

In the age of crypto, I’m sure some of the jackals will create alt-coins for use at shops and such in these innovation zones 😂

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Jeffrey Berns, CEO of Nevada-based Blockchains LLC, envisions a city where people not only purchase goods and services with digital currency but also log their entire online footprint - financial statements, medical records and personal data - on blockchain. Blockchain is a digital ledger known mostly for recording cryptocurrency transactions but also has been adopted by some local governments for everything from documenting marriage licenses to facilitating elections.

 

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