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From YouTube: 2/9/2021 - Assembly Committee on Revenue
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For agenda and additional meeting information: https://www.leg.state.nv.us/App/Calendar/A/
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A
C
A
Here,
chair
cohen,
I
am
here
thank
you
assembly
and
then
liquor
is
absent.
Excuse
me
joining
us
later,
so
please
mark
him
present.
If
he
doesn't
arrive.
I
am
getting
a
really
bad.
B
A
Okay,
thank
you.
We
have
a
quorum,
so
we
will
proceed.
I'd
like
to
welcome
you
all,
especially
those
watching
or
listening
over
the
internet,
or
to
this
virtual
meeting.
Our
meetings
for
the
time
being
will
be
held
in
this
format
only
and
they
are
regularly
scheduled
for
4
p.m.
On
tuesdays
and
thursdays.
A
Before
we
begin
some
housekeeping
members
and
presenters,
please
silence
your
electronic
devices.
Courtesy
and
respect
in
our
interactions
during
the
meetings
is
required.
Additionally,
courtesy
and
respect
when
working
with
staff.
Before
and
after
the
meetings
is
required,
committee
members
will
be
using
our
laptops
and
possibly
other
screens
and
devices
not
only
to
participate
in
the
meeting.
But
to
view
exhibits
due
to
that,
you
may
see
us
looking
at
different
screens.
A
Please
don't
take
that
as
a
sign
of
inattention
or
disrespect
is
we're
just
trying
to
navigate
our
new
reality
of
virtual
committee
meetings
to
a
large
extent
as
a
reminder,
as
stated
on
our
agenda,
we'll
have
public
comment
which
will
occur
at
the
end
of
the
meeting
and
may
be
limited
in
duration.
A
Before
we
move
forward
with
our
presentations,
I
want
to
acknowledge
that
today
is
nevada
tribes
legislative
day
and
that
per
nrs236038
nevada
is
home
to
27
tribal
nations,
fans
and
call.
The
indian
commission
is
part
of
the
governor's
cabinet
and,
if
you're
interested
in
more
information,
please
go
to
nevadaindiancommission.org
with
that
we
will
move
on
to
our
presentations
and
for
the
public.
A
Again,
you
can
find
the
exhibits
brought
by
the
presenters
on
nellis
and
we're
going
to
start
with
an
overview
and
discussion
of
economic
development
programs
in
nevada
and
that
will
be
presented
by
michael
brown
who's,
the
executive
director
of
the
governor's
office
of
economic
development.
A
We
also
have
some
presentations
from
some
of
the
rdas
and
I
think
what
we'll
do
is
start
with
mr
brown
stop
for
questions
and
then
have
mr
peterson,
mr
kasmersky
and
mr
hooper
present,
and
go
with
questions
from
there.
So
with
that,
mr
brown
or
director
brown,
please
go.
D
E
D
E
I'd
like
to
just
say
a
few
words
if
I
could
before
I
move
to
the
presentation.
Of
course.
Thank
you.
You
know
I'm
pleased
to
be
here
today,
representing
the
governor's
office
of
economic
development,
present
an
overview
of
the
agency
and
an
assessment
of
of
where
our
economy
is.
Today.
B
And
be
sure
to
click
on
the
app
to
share
the
app
itself,
not
the
desktop
all
right,
all
right.
E
E
E
In
this
capacity
for
the
last
year,
I've
been
in
been
in
the
goad
job,
but
60
days
after
my
appointment,
the
pandemic
gripped
the
world,
and
I
will
tell
you
that
for
the
last
year,
every
resource
of
goad
that
I
could
deploy
in
the
relief
response
and
recovery
to
the
global
pandemic.
I
have
endeavored
to
do
so,
while
preparing
for
the
next
normal.
E
Let
me
just
cite
a
few
examples:
go
out
under
the
leadership
of
bob
potts,
organized
economists,
from
across
state
government
to
provide
economic
information
to
policy
makers
and
to
collect
data
needed
for
federal
relief
programs.
Go
ahead
under
the
leadership
of
chris
sanchez,
supported
the
private
sector
task
force
to
acquire
ppp
and
stand-up
manufacturing
and
pvp
here
in
nevada,
go
ed's.
Communications
team
was
was
detailed
to
provide
support
for
the
public
health
response
and
and
extra
support
for
the
department
of
education.
E
This
is
the
largest
small
business
relief
program
ever
launched
in
nevada
and
perhaps
the
largest
program
of
its
kind
in
the
united
states.
A
central
banker
commented
that
government
is
good
at
bailing
out
banks,
but
it's
not
very
good
at
helping
coffee
shops,
and
I
think
the
program
that
we
rolled
out
cooperation
with
the
ifc
has
helped
a
lot
of
coffee
shops
and
hair
salons
and
other
businesses
in
the
state
when
the
2008
nine
great
recession
triggered
the
financial
crisis.
B
B
Okay:
okay,
we
are
not
seeing
it
in
the
through
the
station.
You
could
give
us
just
one
moment
while
we
fix
that
on
our
end.
G
F
E
Terrific,
so
businesses
have
spent
the
last
year
scrambling
to
adapt
to
extraordinary
circumstances.
Now,
at
the
start
of
20,
not
2021,
it's
clear
that
this
is
the
year
of
transition.
I
think,
looking
forward,
we
will
look
back
at
this
period
and
we
will
define
it
into
pre-pandemic
and
a
post-pandemic
economy.
E
The
mckenzie
consulting
firm
describes
us
moving
into
the
next
normal
to
describe
the
future
between
21
and
26,
we're
going
to
see
billions
of
dollars
invested
in
private
and
public
capital,
with
the
reshoring
of
manufacturing,
acceleration
of
medical
technologies,
a
rebalancing
of
supply
chains
and
an
acceleration
of
the
fourth
industrial
revolution.
E
If
nevada
is
agile
and
moves
with
urgency,
the
opportunity
to
capitalize
on
this
and
diversify
our
economy
further
is
before
us,
governor
sisalak
outlined
in
his
state
of
the
state,
some
bold
ideas
to
capitalize
on
those
opportunities
as
we
move
to
a
post-covet
economy
and
I'm
going
to
walk
through
some
of
that
today.
While
we
do
this,
we
must
maximize
our
advantages
and
remediate
our
deficiencies,
and
I
look
forward
to
working
with
all
of
you
as
partners
on
this
matter.
Assisting
me
today.
E
Finally,
on
just
a
personal
note,
a
faith
leader
at
the
start
of
the
pandemic
said
when
confronted
with
something
that
seems
highly
unlikely
like
a
global
pandemic.
Other
things
that
we
considered
impossible
and
unachievable
are
suddenly
within
reach
and
I'll
outline
some
of
those
things
today.
Thank
you.
E
I
will
review
the
state's
economic
situation
at
our
development
programs
going
forward.
First
off,
let's
think
of
nevada.
Senator
paul
laxalt
was
the
first
one
that
educated
me
about
the
three
states
of
nevada,
but
we
need
to
look
beyond
our
borders
and
you
can
see
the
incredible
reach
that
our
economies
have.
E
There
are
nations
of
the
world
that
would
like
to
be
in
the
geographic
position
that
nevada
has,
with
extensive
connectivity
to
the
state
of
california,
to
the
west,
reaching
to
denver
and
phoenix
to
the
to
the
east
and
to
the
south
plus
access
to
the
immediate
pacific
rim.
This
chart
was
prepared
by
brookings
mountain
west
as
a
perspective
as
to
how
to
look
at
how
our
economy
is
organized.
E
E
They
made
several
suggestions,
such
as
fully
funding
the
infrastructure
bank
to
develop
a
an
office
has
been
proposed
to
help
small
businesses
under
the
lieutenant
governor
to
enhance
and
improve
everything
within
our
community
college
system
to
adopt
the
climate
change
plan
and
to
do
what
we
can
in
the
energy
area
governor
embraced.
Many
of
these
and,
as
you
know,
launched
initiatives
for
a
new
energy
economy
focused
on
new
industries,
raising
up
a
workforce
for
that
new
economy
and
investing
in
critical
infrastructure.
E
Looking
forward,
we've
taken
the
governor's
plan,
as
you
see
there
on
the
left,
and
we
have
tasks
that
are
there
on
the
right
that
we
will
be
pursuing
both
with
this
legislative
legislative
session
and
then
afterwards
to
truly
work
to
diversify
the
nevada
economy.
I
want
to
touch
on
the
nevada
economy.
I
think
it's
very
important.
We
all
understand
what
it
looks
like
the
box
that
we
want
our
emerging
targeted
base
industries
to
be
in
is
in
the
stars
box.
We
want
to
be
in
that
box.
E
We
have
a
wonderful,
internationally
acclaimed,
robust
hospitality
industry
that
I
have
full
confidence
will
will
bounce
back,
just
as
as
in
the
great
in
the
roaring
20s
when
they
bounce
back
after
the
1918
pandemic.
In
the
era
of
the
great
gatsby,
I
know
that
people
are
going
to
want
to
travel
and
be
entertained
again.
We
are
fortunate
not
to
have
anything
in
the
transforming
sector
now
coming
from
cleveland.
E
Being
such
a
dominant
part
of
the
state,
you
know,
obviously
influences
the
state
numbers,
but
when
we
look
regionally,
when
we
look
at
northern
nevada,
we
can
see
that
the
last
10
years
of
economic
development
and
diversification
has
had
the
effect
of
rising
these
bubbles
up,
so
that
we
now
have
stars
in
natural
resources
which
is
energy
frankly,
manufacturing
logistics
challenges
in
healthcare
challenges
in
healthcare
that
we
need
to
address
and
emerging
opportunities
in
information
technology.
E
E
E
We
saw
a
22
percent
decline
in
our
service
producing
industries,
but
in
our
goods
producing
industry
such
manufacturing,
we
only
saw
a
three
percent
decline
and
we
saw
a
real,
dramatic
difference
between
the
unemployment
rates
that
hit
in
las
vegas
and
in
reno
and
I'll
show
you
later
why
that
is
obviously
relief
was
response
to
the
pandemic
was
the
first
priority
in
restoration
of
the
public
health
system
and
and
and
dealing
with
the
challenge
of
the
pandemic,
and
I
explained
how
my
office
tried
to
support
that.
E
The
second,
though,
was
in
relief
ppp
loans,
which
we
help
facilitate
with
business
and
industry.
In
the
small
business
administration,
4.2
billion
dollars
were
deployed
across
nevada,
and
we
now
have
600
million.
In
the
second
phase,
we
worked
with
lots
and
lots
of
people
in
nevada
to
help
them
apply
for
these
loans
and
use
those
business
information
networks
that
the
chamber
created
to
make
that
happen,
I'm
very
pleased
with
the
emergency
with
the
eil
eidl
loan,
the
disaster
relief
loans.
I
think
we
were
the
first
of
the
50
states
to
qualify
for
that.
E
In
fact,
the
governor
signed
that
the
evening
that
he
had
to
make
the
unfortunate
announcement
that
we
were
having
to
shut
the
strip
and
close
shutter
many
businesses,
as
we
rode
out
the
efforts
to
flatten
the
curve
in
april
and
after
that
press
conference,
I
said
governor,
our
paperwork
is
ready.
I
need
you
to
sign
it
and
we
filed
it
with
the
fema
folks,
and
I
think
we
were
the
first
state
to
qualify
there.
E
Then
we
rolled
out
in
july,
we
we
conceptually,
can
had
the
conceptual
idea
for
commercial
rental
assistance
program
with
support
of
the
ifc
and
the
merger
of
operations
between
my
office
and
the
state
treasurer's
office.
We
rolled
that
out
in
october
and
followed
that
with
the
pets
program
that
you're
very
familiar
with,
particularly
those
that
have
served
on
the
ioc.
E
This
is
an
enormous
infusion
of
dollars
into
the
small
business
and
had
I
the
opportunity
to
do
it
all
over
again,
I
would
have
called
it
operation
dunkirk,
because
our
mission
here
was
to
rescue
the
small
businesses
stranded
on
the
beaches
with
small
business
loans,
small
business
grants
to
to
bring
them
to
safety
so
that
they
could
they
could
live
to
thrive
and
fight
another
day
economic
development.
When
I
became
director
in
19,
which
was
an
entirely
different
economy
than
the
one
we
faced
today.
E
The
first
thing
I
did
was
move
to
strengthen
our
compliance
programs,
our
interactions
with
the
department
of
taxation.
I
went
back
and
visited
with
the
leading
think
tanks
in
washington
dc
on
economic
development
got
their
ideas
and
that
ranged
from
liberal
organizations
such
as
good
jobs,
first
to
brookings,
mountain
west
to
more
conservative,
think
tanks
and
got
all
of
their
ideas
and
we've
taken
about
12
different
steps
to
strengthen
our
compliance
programs.
We
enhanced
our
coordination
with
regional
economic
development
partners
we
conducted
in
the
summer.
E
We
had
a
respite
in
the
summer
and
we
did
a
comprehensive
study
of
our
economic
tax
and
tax
and
incentive
abatement
programs.
I
have
tried
to
prioritize
applicants
coming
for
our
standard
abatements
to
consider
corporate
social
responsibility
commitments
to
the
state,
and
we
are
also
encouraging
diversity,
equity
and
inclusion,
with
the
applications
that
we
come
forward,
and
then
we
commissioned
sri
initially
to
update
the
development
plan,
but
then
also
to
provide
us
advice
and
guidance
during
those
turbulent
months
and
then
produce
the
resiliency
plan
economic
development
101.
E
It's
the
visible
hand,
it
is
the
focus
on
business,
development,
workforce
development
and
community
development,
and
there
is
a
large
ecosystem
of
partners
in
the
state
of
nevada
that
are
involved
in
economic
development.
One
of
the
things
that
I
have
done
is
direct
engagement,
particularly
in
southern
nevada,
with
our
with
our
local
government
economic
development
directors.
What
made
what
I
have
found
in
this
job
is
it's
a
lot
of
troubleshooting
a
lot
of
problem
solving.
We
have
at
the
risk
of
a
fine
for
using
the
word
toolbox
in
the
legislative
session.
E
I
will
say
that
we
have
lots
of
tools
in
the
toolbox
for
economic
development.
The
legislative
council
bureau
staff
asked
us
today
to
focus
in
on
incentives
and
tax
abatements,
but
we
have
other
programs
that
I
would
be
glad
to
present
on
any
of
these
or
meet
with
any
of
you
individually
to
discuss
business
development
is
about
business
attraction,
bringing
businesses
in
from
outside
the
state
here,
but
then
also
helping
our
existing
business
expand
and
to
stay
on
the
leading
edge.
E
This
is
a
very
important
chart
and
I
want
to
walk
through
this
at
the
top.
You
see
something
called
the
measure
of
economic
diversity
of
the
hochman
index.
This
is
a
an
index
that
goes
to
100
and
it
ranks
states
on
their
diversity
level
and
when
you
look
at
our
competitive
states,
utah,
arizona
and
colorado,
they
have
economies
that
are
very
highly
diverse,
very
highly
diverse
in
utah
leading
the
nation
at
97.1,
the
most
diverse
state
in
the
nation,
arizona,
96
colorado
at
93.
nevada
is
67.
E
our
goal
to
strengthen
this
economy,
to
provide
fiscal
resiliency
and
to
provide
job
opportunities
for
nevada
means.
We
have
to
raise
that
number,
but
in
this
economy
the
kinds
of
industries
that
can
make
that
happen
frankly
are.
These
are
the
ones
that
everyone
else
is
chasing.
Even
my
counterpart
in
maine
is
seeking
to
bring
technology,
healthcare,
high-tech
and
manufacturing
jobs
to
maine.
E
One
of
the
things
I
did
was
associate
goed
with
the
pew
foundation
with
the
pew
institute
in
dc
and
the
center
for
competitive
economic,
the
center
for
regional
economic
competitiveness,
which
is
a
group
of
forward-thinking,
economic
development
directors,
and
so
we're
in
constant
consultation
with
them
and
they've,
been
very
helpful
in
this
process.
One
of
the
things
that
makes
us
different,
though,
is
that
we
do
not
exempt
manufacturing
machinery
from
the
sales
tax.
E
Now
we
cannot
take
that
down
to
zero
where
most
states,
as
you
see
on
the
chart
on
the
left
there
most
states
actually
zero
their
sales
tax
for
manufacturing
the
machinery
to
zero,
and
so
economic
incentive
programs
help
make
that
palatable
for
interest
coming
to
nevada.
We
have
about
16
incentive
programs
on
the
books.
You
can
see,
though,
that's
about
half
of
what
you'll
find
in
utah
and
in
some
of
the
other
states.
But
again
I
really
want
to
focus
on
that
measure
of
economic
diversity.
E
We
have
to
raise
that
67
percent
if
we're
going
to
move
nevada
forward
manufacturing
leads
to
diversification
on
the
left,
northern
nevada,
2010,
six
percent
manufacturing.
Now
nine
point
nine
percent,
and
probably
over
that
at
this
point,
mike
kasmir,
can
speak
to
that
that
made
an
enormous
difference
in
their
economy
in
the
south.
E
E
Oh
and
I
missed
workforce
development,
I
mean
also
very
very
important.
Only
one
do
we
rank
in
the
top
ten,
I
will
say
in
the
technology
sector.
We
have
an
index
now
that
shows
that
nevada
ranks
26
in
the
technology
sector,
but
it's
very
interesting.
We
rank
first
and
second
in
many
of
the
categories
and
47th
and
48th
in
the
other
categories,
and
what
that
says
to
me
is
that
we
are
on
the
edge
of
really
building
a
strong,
reliable
technology
sector,
but
we've
got
to
bring
those
pieces
together
now
tax
abatements.
E
This
is
particularly
for
new
members
of
the
committee
I'll
walk
through
this.
Let
me
have
folks
first
understand
this
is
not
the
tesla
abatement.
This
is
the
standard
abatement
that
we
use
with
with
companies
coming
to
the
state.
A
tax
abatement
in
nevada
is
a
temporary
reduction
of
a
tax
obligation.
It
is
not
a
cash
outlay
from
the
state
budget.
E
Our
tax
abatements
are
statutory
and
they
have
significant
compliance
obligations
and
significant
reporting
and
auditing
and
clawback
provisions.
They
are
not
discretionary
to
me
as
as
director
of
goad
if
companies
make
application
and
they
qualify
and
the
board
concurs
that
they've
qualified,
then
they
then
we
proceed
and
then
we
have
an
audit
program.
They
have
obligations,
they
have
to
meet
under
the
audit
program.
We
file
a
51-page
report,
biannually
about
every
two
years,
with
the
legislative
council
bureau
and-
and
so
this
is
this
is
all
I
guess,
it's
all
statutory.
E
It
is
not
discretionary.
One
of
the
things
that
I
implemented,
though,
is
before
bringing
an
application
forward.
I
now
do
a
cross-check
with
all
the
other
agencies
on
the
compliance
side,
so
we
check
with
osha
we
check
with
workers
compensation
we
check
with
the
insurance
commissioner,
we
checked
with
conservation
and
natural
resources
so
that
every
application
that
comes
to
our
goed
board.
We
know
that
there's
no
no
issues
with
other
agencies.
I
also
do
a
national
compliance
check
using
a
database
from
good
jobs.
E
First,
that
I
was
introduced
to
last
december,
so
we
have
a
significant
regulatory
regime
that
goes
on
top
of
our
abatements
and
incentives.
Now
I
sent
my
assistant,
our
staffer,
melanie
sheldon.
She
presented
this
year
at
a
conference
on
compliance
by
the
center
for
regional
economic
competitiveness,
and
we
discovered
that
we
have
one
of
the
most
rigid
in
the
nation,
one
of
the
most
controlled
in
the
nation.
E
Some
of
them
were
quite
surprised
that
we
had
audits
and
and
clawback
provisions
and
the
performance
measures
were
set
and
and
no
one
really
cited-
that
they
did
any
cross-agency
clearance
on
on
any
of
these
things
going
forward.
We
we
do
not
offer
cash
grants.
There
were
catalyst
funds
offered
in
the
early
days
of
go
out,
but
my
understanding
is
the
legislature
closed
that
fund
and
those
are
simply
being
fulfilled
as
they
as
they
exist,
fulfilling
an
existing
obligations.
E
E
Our
standard
tax
abatements
are
a
sales
and
use
tax
abatement,
an
abatement
of
modified
business,
tax
and
abatement
of
personal
property
tax,
the
real
property
tax,
and
then
we
have
two
industry,
specific
programs
in
the
aviation
and
in
data
centers
compliance
like
I
say
we
file
a
file
to
51-page
single-spaced
report,
the
lcb
on
compliance
in
the
10
years.
That
nevada
has
had
this
endeavor
going
forward.
316
companies
were
approved
for
these
standard.
E
Abatements
91
in
the
end
did
not
seek
them
for
whatever
reason,
even
though
it
was
approved,
225
contracted,
you
can
see
the
distribution
75
percent
of
those
for
businesses
of
one
to
fifty
people.
You
can
see
that
about
half
of
them
came
into
clark
county
and
about
70
percent
of
it
was
for
new
businesses
coming
into
the
state
on
a
compliance
rate
in
working
with
the
department
of
taxation,
we
have
86
compliance.
E
The
31
companies
that
weren't
in
compliance
we
have
been
able
to
recapture
80
out
of
84,
which
I
think
leaves
about
five
companies
that
are
still
out
there
that
we're
still
working
with
this
is
a
very,
very
high
compliance
rate
and
and
came
as
a
shock
to
the
colleagues
that
melanie
visited
with.
At
that
conference
standard
tax
abatements
there
have
been
over
the
last
decade-
339
million
in
our
standard
tax
abatement
category
abated,
but
because
we
don't
abate
anything
to
zero.
E
We
in
this,
since
we
last
met,
we
have
done
one
data
center
abatement
under
the
new
provisions
from
the
last
session,
you
can
see
the
numbers
there.
This
was
something
the
governor
personally
worked
on
with
me,
and
the
company
has
made
a
strong
commitment
to
corporate
social
responsibility,
green
energy
and
minimal
water
use
in
nevada
aviation.
Four
companies
have
come
through
that
program
and
this
is
a
an
area
that
I
hope
when
we
return
to
that.
E
Next,
normal
we'll
see
more
activity,
transferable
tax
credits
existed
with
sb1
and
sv2,
which
were
the
tesla
and
faraday
arrangements.
It's
my
understanding
that
we
have
that
that
program
that
those
those
have
now
exhausted,
and
we
can
provide
more
information
on
that
if
you
wish,
but
this
is
not
a
tool
that
we're
using
at
the
present,
we
have
other
business
development
programs,
the
knowledge
fund,
which
gives
us
a
seat
with
the
silicon
valley
and
high-tech
companies,
state
small
business
initiatives.
We.
D
E
An
international
component,
if
you
think
about
it,
it's
we
have
panasonic,
we
have
barrack,
we
have
multiple
multinational
international
corporations.
Here
we
have
strong
relations
with
many
of
the
g7
countries
and
we
have
won
an
increase
in
our
federal
step,
grant
for
our
global
engagement,
which
is
something
I'm
very
proud
of.
C
E
We
have
workforce
programs
the
most
important
right
now
being
the
nevada
skills
match
that
the
ifc
approved
us
that
we
have
rolled
out
goad
looks
after
community
development
in
rural
nevada,
and
so
I
have
a
staff
here
that
works
very
closely
with
in
rural
nevada,
with
cdbg
money,
main
street
funds
and
entrepreneurial
programs,
and
during
the
legislative
session
every
other
friday
at
7
00
a.m.
I
get
to
join
the
royal
caucus.
So
with
that,
I
would
be
glad
to
answer
any
questions.
E
I
know
I
covered
a
lot
of
territory
and
particularly
for
for
new
members
in
their
first
term.
I
would
be
glad
to
do
a
more
in-depth
briefing
on
any
of
these
topics
at
your
convenience.
I
I
know
the
challenge
that
you
have
that
your
first
term
will
be
the
most
challenging
term
that
you
have
during
your
your
tenure
in
the
legislature,
and
we
thank
you
for
your
service
with
that.
Madam
chair,
I'd
be
glad
to
answer
any
questions,
and
hopefully
my
audio
was
on.
A
Thank
you
director.
Thank
you.
That
was
a
lot
of
information,
so
thank
you
for
for
for
making
it
very
digestible.
So
I
do
have
some
questions
right
now.
I've
got
one
from
assemblywoman
anderson.
B
Thank
you,
chair
cohen,
and
thank
you
director
brown.
I
will
I'm
a
first
year,
so
I
will
definitely
be
asking
to
have
that
one-to-one
tutoring
time
or
soon
because
whoa.
My
first
question
has
to
do
my
only
question.
Actually
at
this
time
you
mentioned
joe
at
the
end
of
your
presentation.
E
Michael
brown
for
the
record
assembly
assembly
women
on
the
second
question-
that's
something
I
actually
spoke
earlier
with
senator
neil
about
and
is
something
that
she's
prioritized
and
I've
promised
to
come
back
with
some
options
and
some
ideas
in
that
area.
On
the
first.
Yes,
we
have
my
staff
sonia
is
our
liaison
with
all
the
various
chambers
of
commerce,
and
particularly
the
diverse
the
diversity
chambers,
the
latin
chamber,
the
asian
chamber,
the
indian
chamber,
the
asian
chamber,
the
urban
chamber
and
one
of
the
things
that,
as
a
pandemic
I
unfolded
was.
E
I
realized
that
these
these
businesses
were
going
to
have
the
toughest
climb
back
up,
and
so
we
have
tried
to
embrace
them
and
keep
them
posted
on
everything
happening
in
real
time.
Now
the
issue
of
how
the
state
services,
small
business,
I
have
a
function
director
reynolds
has
a
function
over
department
of
business
and
industry
and
has
a
wonderful
staff
in
las
vegas
that
used
to
work.
For
me,
that's
in
this
space
and
she
has
a
function
in
this
area,
and
so
it's
almost
like.
E
We
have
all
the
parts
of
an
orchestra
and
we
kind
of
lack
a
conductor,
and
so
the
governor
has
made
the
recommendation
that
the
lieutenant
governor
be
empowered
in
this
area
and
that
we
had
staff
there.
And
you
know
I
don't.
We
don't
have
time
to
sort
out
lines
and
boxes.
We've
got
to
help
small
businesses
now
there's
a
lot
of
people
in
this
space,
and
so
yes,
there.
That's
why
that
legislation
is
there.
E
I
will
say,
on
the
compliance
side
of
the
pets,
grants
that,
because
we
were
so
concerned
about
fraud.
Is
that
treasurer
zach
conan
and
I
looked
at
every
single
application,
and
I
mean
we've
spent
hours
and
hours
and
hours
looking
at
them,
and
if
we
felt
that
we
couldn't
find
the
business,
then
we
picked
the
phone
up
and
we
called
the
business
and
and
talked
to
them
and
and-
and
it
taught
both
of
us
a
lot
about
what
the
challenges
are
for
small
business.
The
first
challenge
is
they're
busy
running
a
small
business.
E
They
don't
have
a
big
staff
to
kind
of
work
on
these
things,
and
so
we
need
to
make
things
easier
and
simpler
for
them,
and
and
so
from
that
experience,
we've
developed
kind
of
this,
almost
religious
fervor,
that
we
have
to
do
more
to
help
our
small
businesses
and
that's.
Why
that
legislation's
there
and
we're
all
prepared
to
work
work
cooperatively
in
that
space
and.
G
E
Your
question
I
have
I,
I
am
right
now
we're
doing
research
on
what
states
are
doing
in
the
small
business
space
for
minority
businesses
specifically
and.
E
B
Thank
you
so
much
for
that
in-depth
answer
and
just
to
verify
that
outreach
is
across
the
state.
It's
not
just
in
the
very
specific.
G
E
B
Thank
you,
madam
chair,
and
thank
you,
dr
brown.
That
was
a
lot
of
information
and
I'm
sorry
if
my
question
is
something
that
you
already
covered,
but
back
on
slide:
21
on
the
business
development
environment,
the
tax
abatement,
the
statutory
compliance.
B
E
All
right,
michael
brown,
the
director
of
co-ed,
they
have
to
meet
the
capital
investment
in
the
employment
investment
commitments
that
they
make
for
the
abatement
and
the
companies
are
on,
I
believe,
two
and
five-year
audit
cycles.
I
have
melanie
sheldon
on
the
line
here
and
I
think
she
could
answer
that
more
completely.
B
Yes,
thank
you
assembly,
woman
concerned
melanie
sheldon
for
the
record.
It
is
nrs
360
750
that
outlines
the
criteria.
B
It
is
you
it
has
been
continually
tweaked
every
legislative
session
since
2011
and
companies
are
on
an
order
cycle
of
two
and
five
years
unless
our
aviation
or
data
center,
and
then
that's
two
five.
Eight
in
ten
years.
B
E
And
if
michael
brown,
if
I
could
add
to
that,
we
sat
down
with
the
operations
staff
at
the
department
of
taxation,
the
audit
staff
and
I
said
to
them,
what
do
we
need
to
do
on
our
end?
To
make
your
job
easier?
E
You
know
and
more
complete,
and
so
we've
made
a
few
changes
with
the
contractual
arrangements
going
forward
so
that
you
know
they've
now
had
an
experience
curve
of
10
years,
and
I
personally
believe
that
you
know
if
you're
going
to
engage
with
the
government,
you
have
an
obligation
to
to
meet
a
very
high
standard
of
compliance
and
so
we've
we
I've,
sat
with
the
operating
with
the
auditors
themselves
and
said:
how
do
we
make
this?
The
tightest
most
robust
program
we
can
in
the
united
states.
E
E
A
You
thank
you
and
director,
if
you
can
to
the
rest
of
the
committee
as
well,
or
send
it
to
me
and
I'll
make
sure
that
everyone
gets
it.
I
appreciate
that.
A
You
with
that,
I
had
a
couple
of
questions
not
seeing
others.
E
Comes
to
that
yeah
melanie,
let
me
can
you
address
that,
please
for
the
committee.
B
Yes,
absolutely
so
assemblywoman,
I'm
sorry,
chair
cohen.
This
is
melanie
sheldon
for
the
record,
so
the
department
of
taxation
actually
undertakes
those
audits
when
a
company
enters
into
an
abatement
agreement
with
us.
We
actually
outline
those
recapture
and
audit
provisions
in
that
abatement
agreement
and
that's
then
signed
by
the
company
and
and
also
counter
signed
by
us.
B
So
they're,
aware
of
their
obligations
and
and
also
of
our
obligations
and
the
department
of
taxation,
keeps
a
running
list
of
the
effective
date
of
the
contract
and
two
years
post
as
to
when
they
will
do
undertake
those
audits
and
then
they
will
audit
those
companies
to
the
statutory
requirements.
B
And
if
a
company
does
not
meet
the
statutory
requirements
as
outlined
in
nrs,
360
750,
they
would
be
deemed
non-compliant
and
they
would
be
billed
for
the
for
all
tax
abatements.
They
had
received
with
the
interest.
A
Thank
you
for
that,
but
what
how
do
we
know
that
they're
going
to
get
the
bill
and
they're
going
to
have
the
funds
to
to
pay
the
bills
is
what
I'm
getting
at,
where
they're
not
holding
anything
in
trust
or
anything
like
that
so
yeah?
How
do
we
know
we
can
reclaim
that
recapture
those
funds.
B
Melanie
sheldon
for
the
record.
We
we
don't
actually
know
for
sure
that
we
can,
but
we
do
know
that
this
is
an
unforgivable
debt.
B
So
if
a
company
does
owe
money
on
these
tax
abatements,
it's
not
something
that
the
tax
department
would
give
up
chasing,
and
I
do
believe
that's
why,
out
of
all
the
31
companies
that
have
been
non-compliant,
we've
only
had
20.
We've
only
had
five
that
the
bills
are
still
being
chased
up
on.
Three
of
those
have
just
received
their
bill,
so
they're,
still,
probably
in
the
very
early
stages
and
two
of
those
are
a
little
more
aged
and
are
being
chased
up
on.
E
A
You
also
you,
you
gave
us
a
lot
of
information
about
manufacturing
and
I'm
I
I'm
just
wondering
if
also
if
you
can
go
into
that
a
little
more.
What
are
what
kind
of
manufacturing
you
went
through
some
of
the
manufacturing
we
have,
but
is
there
you
know
a
specific
type
of
manufacturing
where
you
think
it
would
be.
This
is
where
we
should
be
going
or
any
manufacturing
right
now
would
be
a
good
thing
for
the
state.
E
Well,
let
me
speak
from
the
macro
level
and
then
maybe
we
could
talk
about
the
success
we've
had
in
henderson,
michael
brown
again
for
the
record.
Is
that
what
we're
seeing
right
now?
Are
we
getting
inquiries
from
companies
that
are
saying
look?
E
You
know
we
had
a
just-in-time
inventory
system
and
with
the
rise
in
e-commerce,
you
know
we
discovered
that
you
know
we
didn't
have
the
capacity
to
kind
of
ship
from
where
we
were
shipping
things
from
or
where
we
were
producing
things,
and
we
need
to
spread
this
across
the
united
states
and
we
need
to
put
things
into
multiple
time
zones.
E
We
are
also
getting
inquiries
from
companies
that
were
looking
for
they're
in
california,
and
they've
decided
that,
for
whatever
reason
they
are
looking
to
move
in
into
the
central
part
of
the
united
states,
so
they're,
looking
in
nevada,
looking
in
utah
arizona
looking
to
some
in
texas,
and
so
those
are
those
kind
of
the
inquiries
that
we're
getting
right
now
we're
looking
into
advanced
manufacturing
we've
had
the
haas
corporation
come
to
henderson
there,
which
is
a
significant
commitment
of
advanced
manufacturing
in
the
state.
G
E
Know
having
that
school
becomes
like
the
lego
box,
manufacturing
produces
and
mike
kosmierski
can
probably
address
this.
Even
even
more
solidly
manufacturing
produces
value-added
jobs,
they
have
very
deep
supply
chains,
very
extensive
supply
chains
and
limited
environmental
externalities,
and
the
manufacturers
we're
talking
to
have
great
interest
right
now
in
green
energy,
and
this
is
an
area
where
nevada
has
an
advantage
where
I'm
struggling
right
now,
particularly
in
southern
nevada,
is
the
available
industrial
park.
Space.
E
We
also
think
that,
because
of
changing
global
dynamics
with
with
china
and
with
other
nations
of
the
world,
that
there
is
a
belief
that
the
united
states-
and
I
think
we
will
see
the
byte
administration
trying
to
advance
it-
is
the
reshoring
of
manufacturing
back
to
the
united
states.
There
was
an
incredible
offshoring
of
manufacturing
that
occurred
in
the
90s
and
in
the
early
00s,
and
I
think,
policymakers
federally
and
the
u.s
chamber
and
others
are
talking.
How
do
we
bring
that?
That
back
to
the
united
states
and.
D
E
We
need
is
to
find
the
manufacturers
that
best
fit
our
workforce,
because
we
don't
want
to
import
a
workforce.
We
would
rather
train
a
workforce,
but
we
don't
want
to
import
a
workforce
for
the
for
that
kind
of
a
sector,
and
then
we
think
we
have
natural
logistical
advantages
and
we
have
the
energy
cost
advantages
to
bring
to
it.
B
B
There
you
go.
Can
you
hear
me?
Yes,
yes,
assemblywoman,
heidi
kasama
district
2.
Thank
you,
director
brown,
for
that
great
information.
I'm
very
impressed
to
see
that.
Not
only
do
you
have
zoom
skills,
but
you
do
have
typewriter
skills,
because
I
see
you've
got
your
selectric
on
the
on
the
desk
behind
you
there
so
impressed
to
know
that
we
have
people
that
we
have
people
that
still
do
both.
But
my
my
question
is
on
page
21,
where
we
had
the
business
development
environment,
tax
abatement
assessment,
so
we
talked
about
in
the
state
of
nevada.
B
We
have
the
temporary
reduction
of
tax
obligation
and
then
to
the
right.
You
have
the
other
states
where
it
shows
zero
tax
obligations,
tax
credits,
land
and
infrastructure
or
upfront
cash
funds
offered.
My
question
to
you
is:
how
important
is
it
that
we
offer
even
more
than
we
do
now
how
many
businesses
just
generally
have
we
lost,
because
we
didn't
offer
more
and
is
it
important
that
we
move
to
some
more
incentive
to
accomplish
some
of
the
goals
you've
been
speaking
about.
E
Assemblywoman
michael
brown,
for
the
record,
this
is
an
area
that
you
need
as
policymakers,
both
on
your
side
of
the
government
and
the
side
that
I
sit
in
need
to
find
the
creative
balance.
You
know,
because
you
know
we,
we
have
fiscal
obligations
that
we
need
to
provide
for
the
state.
We
need
to
make
sure
that
the
deals
that
are
coming
here
are
are
good
for
the
state
of
nevada.
E
Several
of
these
states
have
corporate
and
personal
income
taxes
and
so
they're
able
to
offer
incentives
on
their
corporate
income
tax
that
they
then
get
repaid
with
on
their
personal
income
tax,
because
if
you
have
a
company
come
in
to
let's
say
to
utah
and
they
provide
corporate
income
tax
incentives
and
that
company
then
hires
up
a
workforce
of
200
folks
who
start
paying
substantial
income
taxes,
one
is
offset
in
the
other,
and
that's
not
the
situation
we
have
here.
So
we
have
a
conservative
program
that
matches
the
fiscal
system
that
we
have.
E
You
know,
prior
to
the
pandemic,
the
leading
thinkers
in
this
area
were
advocating
for
workforce
grants,
workforce
partnerships,
community
college
partnerships
that
you,
if
you
wanted
to
help-
let's
say
a
disadvantaged
community,
you
know
try
to
partner
the
company
up
with
a
workforce,
grant
that
was
part
of
the
pandemic
and
the
fiscal
crisis
that's
been
created
because
of
the
economic
crisis.
And,
regretfully
you
know,
funds
are
scarce
for
grant
programs
these
days,
and
so
the
literature
would
actually
suggest
that
that
we
should
be
looking
on
the
grant
side
of
things.
E
But,
as
donald
rumsfeld
once
said,
you
go
to
war
with
the
army.
You
have
and.
G
C
G
E
As
it
is,
thank
you
assemblyman
michael
brown,
for
the
record
innovation
zone
versus
zones
that
could
be
a
typo.
We
should
have
done
it
on
the
ibm
selectors.
Maybe
I
hadn't
never
really
thought
about
it.
That
way,
you
know.
A
It
assemblyman
roberts.
D
Director
curious,
how
you
know
the
federal
lands
bill
is:
there's
several
components
of
that.
Just
curious:
how
that
might
help
your
efforts
with
go
ed
and
state
diversity.
Could
you
explain
a
little.
G
E
For
me,
please
thank
you,
mr
roberts,
and
I
think
mr
roberts,
you
and
I
did
the
last
public
event
before
the
pandemic
unfolded
that
one
day
we
were
at
the
chamber.
I
think
it
was
the
last
public
event
that
I
did
before
before
we
head
to
sequester
and
quarantine.
Yes,
you
know
there
is
a
public
lands
bill
that
I
get.
Our
congressional
delegation
is
working
on.
I've
spoken
with
the
commercial
developers
in
the
in
the
state
about
it,
they've.
E
Their
needs
on
it.
I
have
simply
said
to
those
that
will
listen,
that
we
we,
if
we're
going
to
attract
the
kinds
of
businesses
that
we
need
for
diversification.
We
have
to
find
a
place.
E
To
put
it,
I
don't
have
a
pencil
and
I'm
not
pretending
to
draw
any
lines
as
to
what
should
be
where
where
line
should
be,
but
I
will
say
that
you
know
at
this
point
we
are,
I
believe
the
city
of
henderson
told
me
that,
and
I
would
stand
to
be
corrected
on
this
and
I'll
check
it
with
the
city
of
henderson,
but
I
think
right
now,
the
largest
parcel
of
land
they
would
have
for
commercial
development.
I
think,
is
57
acres.
E
E
The
other
thing
we're
trying
to
do
right
now
also
is
work
with
the
blm,
because
little
things
like
getting
power
lines
and
easements
in
place
for
the
lands
we
do
have
also
has
to
be
addressed,
and
so,
like
I
said,
I'm
discovering
this
job
is
a
lot
of
troubleshooting,
but
I
am
in
touch
with
folks
that
are
working
on
that,
but
I'm
not
in
the
I'm,
not
in
the
line
drawing
business.
I
leave
that
to
others.
D
E
In
some
of
our
more
urban
areas,
and
so
just
wanted
to
hear
your
thoughts
on
in
your
efforts
and
thank
you,
madam
chair
for
the
question.
A
You're
welcome
actually
that
did
bring
up
talking
about
public
lands
to
did
kind
of
bring
me
back
to
one
of
my
questions
and
you
you
touched
on
this
as
well.
Outdoor
recreation
can.
A
Can
you
give
us
a
little
more
information
on
what
is
doing
with
outdoor
recreation,
because
it's
such
an
important
industry
for
us
in
the
state-
and
we
saw
that
you
know-
we've
we've
heard
from
other
presenters
in
other
committees
about
how
and
in
this
one
I
think,
actually
how
how
well
it's
doing
for
the
state
throughout
the
pandemic.
And
so,
if
you
guys
touch
on
that.
E
Thank
you,
madam
chair
and
members
of
the
committee.
I
I
I
got
appointed
as
go
at
director.
I
actually
sit
on
the
outdoor
recreation
commission,
which
has
started
to
have
its
meetings
under
our
new
executive
director,
it's
over
in
the
department
of
conservation
and
natural
resources,
and
I
guess
one
of
the
things
you
know
coming
into
the
private
sector.
E
You
know
they're
discovering
that
in
las
vegas
there
is
a
robust
life
off
the
strip
and
in
northern
nevada.
You
know
they're
now
on
the
other
side
of
those
mountains
that
they
they
could
possibly
enjoy
from
from
the
san
francisco
side
of
it,
and
so
most
of
my
counter
progressive
offices
around
the
west
in
utah
and
other
in
colorado
particularly
have
prioritized
outdoor
recreation.
E
We've
been
thinking,
and
I
have
a
staff
person
working
on
some
ideas
on
what
we
can
do
in
the
area
of
business
of
attracting
you
know
to
as
a
place
to
live
and
enjoy
and
recreate
here
and,
however,
you
know
there
are
resource
issues
in
this
area,
I'm
from
ohio.
I
once
worked
in
the
ohio
house
representatives,
so
I
still
read
the
ohio
papers
and
over
the
weekend
I
read
that
the
governor
of
ohio
has
allocated
50
million
dollars
to
a
marketing
campaign,
encouraging
people
on
the
east
coast
to
move
to
ohio.
E
A
Thank
you.
I
I
appreciate
that
one
of
my
favorite
little
nuggets
from
2017
was
was
how,
when
utah,
when
the
utah
legislature
some
votes
about,
bears
ears,
they
lost
the
outdoor
recreation
convention.
That
was,
I
think,
bringing
in
30
million
a
year
for
them,
and
it
was
a
direct
result
of
that
that
vote
that
they
took
on
bears
ears,
but
they
didn't
even
have
control
over
with
that
majority
leader.
I'm
sorry,
do
you
have
a
question.
A
F
I
do
thank
you,
chair.
Thank
you
so
much,
mr
brown,
for
the
presentation,
and
I
know
you
have
been
working
so
hard
to
really
change
the
tone
and
tender
tenure
of
the
office
and
the
accountability.
Measures
are
important
and
valued,
and
I
think
that
you've
made
some
great
strides
in
that
the
pets
program.
I
make
sure
that
the
committees
know
that
you
were
not
just
that.
F
You
were
absolutely
serious
when
you
said
that
when
you
got
applications
yourself
and
the
treasurer
were
physically
calling
businesses
to
make
sure
that
they
indeed
were
viable
entities,
because
we
have
so
many
shell
entities
in
the
state
and
because
we
don't
have
regular
type
of
filings
like
other
businesses,
do.
It
was
really
hard
to
know
what's
a
real
entity
and
put
in
some
real
safeguards,
such
as,
for
example,
making
sure
that
people
who
qualify
to
pay
the
commerce
tax
didn't
qualify
for
those
dollars,
and
we
know
that
nationally.
F
We
saw
a
lot
of
a
lot
of
outrage
from
the
public
when
they
saw
very
profitable
companies
being
able
to
take
advantage
of
loans,
and
then
the
smaller
businesses
couldn't,
and
they
didn't
have
enough.
Lawyers
and
lobbyists
to
to
get
the
loans
themselves
and
so
from
the
get-go.
We
said
we're
not
that
happen.
We're
going
to
make
sure
these
dollars
get
to
small
businesses.
F
So,
as
I'm
looking
at
the
slide,
I
want.
I
just
had
a
couple
observations,
so
one
I'm
incredibly
intrigued
by
a
term
that
I've
never
heard
before.
I
imagine
we'll
have
conversations
on
it
going
forward,
but
this
on
page
four,
the
establishment
of
a
sovereign
wealth
fund
and
so
I'll,
be,
I
guess,
look
forward
to
conversations
about
what
a
sovereign
wealth
fund
is
and
what
it
means
to
establish
one
something
that
I
thought
that
would
be
remissed.
F
If
we
didn't
point
out
that
is
the
most
interesting
is
on
slide
19.
The
titles
manufacturing
leads
to
diversification-
and
I
know
we
talked
about
this
before,
but
for
the
committee-
it,
the
biggest
law.
F
If
you
look
at
the
trends
from
2010
to
2019,
northern
nevada
or
southern
nevada,
is
the
how
much
government
has
shrunk
right
that
you
look
at
the
number
of
people
employed
in
in
government
in
northern
nevada
in
2010,
17
dropped
5
and
then
it
dropped
as
well
in
southern
nevada,
and
I
think
that's
interesting
because,
as
we
talk
about
economic
development
and,
like
you
said,
the
state's
first
and
primary
role
is
to
provide
services
to
people,
and
we
have
you
know:
child
welfare.
F
We
have
a
judicial
system
to
fund,
we
have
health
and
human
services
to
fund
an
education
to
fund,
and
I
think
it's
always
interesting
to
me
to
talk
about.
F
You
know
how
we
generate
this
revenue,
but
specifically
how
we
capture
it
too,
as
a
state
and
it
kind
of
begs
the
question
of
that
is
economy
at
times,
because
we
are
not
always,
I
think,
as
mindful
as
we
could
be,
to
make
sure
that
we're
always
able
to
to
grow
government
efficiency
so
that
we
are
an
attractive
place
for
businesses
to
come
and
to
live,
and
you
know
once
again
in
this
budget,
as
we
all
know,
because
of
we
have
fewer
resources.
F
We,
you
know
the
number
one
strategy
is
not
to
fill
positions,
and
so
once
again
we'll
see
the
size
of
government
shrink
again.
There
will
some
be
some
people
that
applaud
that
until
they
have
to
stand
in
a
really
long
line
at
dmv,
but
otherwise
I
thank
you
for
the
presentation.
Look
forward
to
all
the
work.
We're
gonna
do
together
this
this
session.
E
Matt,
thank
you
leader
and
thank
you,
madam
chair,
the
sri
report.
I
realized
that
you
know
this
was
a
historic
moment.
It
wasn't
the
moment
I
ever
expected
to
confront
life,
and
I
turned
to
the
team
at
sri
and
brookings
mountain
west
and
to
john
restrepo,
and
I
said
I
need
big
ideas
now
we
may
not
pick
up
all
those
ideas
you
know
and
there's
obviously
you
know
I
have
a
boss,
you
know
who
and
and
we
we
we,
but
we
need
to
put
the
ideas
out
for
people
to
consider
what's
politically
possible.
E
What
fits
nevada
sovereign
wealth
fund
was
one
of
the
things
that
sri
recommended
may
not
be.
This
session
may
not
be
next
session,
but
it
was
something
that
we
at
least
wanted
to
flag
for
policy
makers
to
to
to
know
they
exist
and
they
they
are
emerging
trend,
and
I
would
I
would
not
hesitate
at
all
if
you
the
committee
wishes,
I
could
have
sri
testify,
since
we
have
this
wonderful
technology
that
no
longer
involves
a
three-day
trip
from
the
east
coast
to
reno
to
testify.
D
E
I
will
we'll
endeavor
to
produce
a
little
bit
more
on
manufacturing,
for
you
and,
like
I
say,
mike
kuzmierski
and
rob
hooper
great
experience
in
this
area
they're
up
next.
Thank
you.
A
Thank
you
with
that.
I
think
we'll
take
the
last
question
for
you
from
simon
miller,.
E
Thank
you
chair.
Thank
you,
director
brown.
The
presentation
is
full
and
a
lot
and,
like
my
colleague,
assemblywoman
anderson,
I
will
be
requesting
that
deep
dive
throughout
the.
B
Information,
I
do
have
a
question
about
something
you
mentioned
earlier
in
the
presentation.
Some
of
the
industries
that
we
seek
to
attract
to
nevada
are
being
courted.
E
Heavily
by
other
states
what
type
of
strategies.
B
Or
what
type
of
strategies
do
we
have
to
attract
those
and
secure
them
here
in
nevada.
E
Some
even
just
a
brief
history,
michael
brown
again
for
the
record,
is
that
nevada
had
a
very
fractured
economic
development
system
a
decade
ago
and
the
legislature
and
the
governor
and
steve
hill,
who
you're
going
to
hear
from
shortly
worked
with
sri
and
brookings
the
same
folks.
I
worked
with
a
decade
ago
to
create
a
regional
unified
system,
so
we
have
seven
regional
economic
development
authorities.
Underneath
the
state
agency
they're
state
chartered
they're,
not
they're,
501
c6s,
they
can
move
with
great
ability
and
they
have
boards
of
directors.
E
Lvga
has
a
50-person
board
of
leading
members
of
the
las
vegas
community,
and
so
on
the
attraction
and
kind
of
recruitment
side.
They
have
incredible
capacity
in
that
area
and
are
kind
of
the
front
line.
Marketing
for
nevada,
then,
underneath
that
we
have
regional
in
the
south
in
las
vegas,
each
of
the
jurisdictions
has
an
economic
development
officer
and
have
been
prioritizing
that
and
so
that
that
that
triangle
of
resources
are
are
there
for
that.
E
We
don't
have
the
resources
to
do
advertising
campaigns
and
things
like
that
that
you
might
see
in
other
states.
But
frankly,
this
is
pretty
much
an
insider's
game.
This
is
a
a
there's,
a
group
of
highly
specialized
real
estate
agents
called
site
selectors
who
companies
will
hire
and
the
rdas
maintain
very
good
relations
with
those
site
selectors,
and
then
we
also
work.
E
You
know
we
have
some
natural
advantages
in
energy
that
companies
will
immediately
see,
so
we
work
closely
with
utility
also
on
identifying
who's,
calling
the
utility
to
find
out
whether
they
want
to
be
here.
You
know,
you
know
in
a
in
a
different
world
if
we
had
resources
for
a
big
marketing
campaign.
E
A
You
thank
you
and
we
certainly
appreciate
your
willingness
to
have
the
meetings
and
come
and
explain
more
detail
to
us,
but
with
that
I
think
we're
going
to
move
on
to
presidents,
peterson,
kasmersky
and
hooper.
Gentlemen.
I
think
we
have
miss
mr
kasmersky
down
first,
but
whichever
order
you'd
like
to
go
in.
D
A
F
F
D
Okay,
again
mike
kasmersky
with
edon
and
a
special
thanks
to
director
brown
and
his
team,
we
can't
do
our
job
without
the
support
of
the
state
overall
and
under
michael
brown's
leadership
and
the
team
there.
It's
made
our
job
tremendously
easier
and
that
leadership
and
work
with
the
legislature
allows
us
to
do
a
lot
more,
so
working
as
a
team
makes
a
big
deal
working
with
the
rdas
together
as
well.
D
D
Our
area
responsibility
is
really
or
eat
on
economic
development,
authority
of
western
nevada,
the
metro
area
renal
sparks
out
deferrally,
including
the
industrial
park.
D
Part
of
the
reason
is:
we've
worked
aggressively
to
diversify
our
economy
over
the
last
10
years.
You
can
see
up
until
about
2015.
Our
unemployment
rate
was
essentially
identical
to
vegas
and
during
that
period
we'd
actually
brought
in
about
40
manufacturing
companies
is,
as
they
ramped
up
between
manufacturing
technology
and
some
of
the
other
companies
we've
been
able
to
bring
into
the
region
we
started
to.
D
You
can
see
a
small
diversion
in
the
unemployment
rate.
We
were
having
better
numbers
on
unemployment,
but
you
can
see
the
recession
was
really
the
stress
test
for
for
economic
diversity
and
the
economy
that
we
had
before
essentially
mirrors
the
gaming
and
tourism
economy
of
vegas,
whereas
because
we
were
diversified,
our
jump
in
unemployment
was
significantly
less
and
continues
to
be
less.
In
fact,
we're
almost
the
point
below
the
national
average,
which
means
the
people
up
here
are
working.
Manufacturers
are
working
technology.
D
Even
our
gaming,
when
there
are
25
capacity,
is
essentially
where
it
was
last
year
once
we
once
they
reopened
and
again
part
of
that
is
our
our
employees.
Here,
our
students
is
up
here,
our
jobs,
they're
working
other
than
certain
sectors.
Obviously,
small
business
is
affected.
There's
some
retail
affected,
but,
generally
speaking,
our
the
bulk
of
our
workers
are
at
work
and
since
they're
not
traveling,
to
decide
to
go
to
the
casinos
and
have
some
fun.
I
guess
because
our
numbers
are
not
that
bad.
D
Our
strategic
plan
focuses
on
three
areas:
attracting
great
companies,
keeping
them
here,
helping
them
grow
and
entrepreneurial
and
startup
growth
or
organic
growth,
and
keeping
them
here
starting
to
grow
is
really
important,
and
we've
worked
very
aggressively
to
support
them
through
the
pandemic.
Workforce
development
is
the
key
to
success,
both
near-term
and
long-term,
and
community
development
is
something
that
the
entire
plan
is
based
on
our
success
over
the
last
year.
Again,
this
is
an
entire
year
pandemic.
D
D
D
In
fact,
we
just
had
prospect
visits
in
here
today
we
have
somewhere
between
four
and
five
visits
every
week,
half
our
normal
number,
but
these
companies
are
serious
about
coming
here
and
again
manufacturing
it's
an
area
we
targeted
aggressively
eight
years
nine
years
ago
we
had
almost
no
manufacturing
here
at
the
time
we're
now
up
over
100
manufacturing
companies.
Everyone
wants
to
talk
about
tesla,
that's
just
one
of
many
and
then
companies
that
are
looking
to
come
here
as
soon
as
they
can
get
on
an
airplane.
D
None
of
these
technology
companies
were
here
seven
years
ago
and
thanks
to
prior
administration,
steve
hill
and
a
whole
lot
of
help
from
a
lot
of
people.
We
were
able
to
convince
many
of
these
companies
that
this
is
the
place
they
want
to
grow.
It
has
helped
us
attract
even
more
technology
companies.
Obviously,
this
list
is
very
long
now
these
are
some
of
the
larger
ones
and
because
of
technology
and
advanced
manufacturing,
which
averages
60
to
80
000
a
year,
the
average
income
increase
in
our
region
is
up
45
in
the
last
seven
years.
D
Pandemic
has
forced
us
to
change
we're
now
more
aggressive
in
california.
By
the
way
we
have
been
open
throughout
the
pandemic
and
we've
had
like.
I
said
a
lot
of
activity
up
here
to
know
north
we
are
working
to
attract
remote
workers.
That
talent
in
the
region
is
good
for
our
economy
overall,
but
re-skilling.
Those
workers
that
have
been
displaced
because
of
the
pandemic
that
may
not
have
a
job
to
go
back
to
is
something
we're
really
focused
on
retention
and
expansion
is
about
keeping
the
companies
here
and
helping
them
grow.
D
D
What
do
the
employers
need
not
just
today
but
in
five
years,
and
how
do
we
connect
that
ecosystem,
the
education
pipeline,
attracting
talent
and
upscaling
incumbent
workers
and
clearly
the
jobs
of
the
future,
are
not
the
jobs
we
have
now
and
that's
something
we
oftentimes
forget.
This
is,
if
you
start
doing
the
research
on
this,
that
I
know
you
all
have
many
of
the
jobs
that
exist
in
2030,
don't
resist
now.
Many
of
the
jobs
that
exist
now
will
not
exist
in
2030..
D
D
D
If
you
start
going
down
the
pipeline,
our
kids
need
to
be
comfortable
with
robotics,
with
coding,
with
the
skills
of
the
future
and,
unfortunately,
we're
not
we're
not
where
we
need
to
be
as
far
as
educating
our
workforce,
our
kids
for
the
jobs
that
we're
working
so
hard
to
bring
here
and
then
start
up
a
try,
startup
entrepreneurial
growth
is
about
attracting
talent
as
well
as
helping
them
grow
here.
If
we
can
get
a
one
or
two
person
started
to
come
here
and
grow
their
company
here,
that
company
then
becomes
a
part
of
our
economy.
D
We
have
a
corporate
headquarters
here.
It
just
helps
us
all
the
way
around
you
look
at
30
new
companies
on
the
entrepreneurial
side,
only
139
jobs.
So
these
are
tiny
companies,
we've
got
small
companies,
but
these
are
technology
companies.
These
are
innovative
companies.
These
are
companies
that
will
create
those
jobs
in
20
for
the
2030
workforce.
D
We
help
the
ecosystem
grow.
Our
team
for
entrepreneurial
development
is
as
large
as
our
attraction
team.
We
believe
organic
growth
is
the
key
to
sustainability
and
quality
jobs,
investment
growth.
We
help
them
by.
We
actually
set
up
a
reno
seed
fund.
We
got
investors
and
we
invest
in
these
companies
so
that
they
don't
have
to
go
somewhere
else
to
grow
their
company
and
then
goals
on
the
entrepreneurial
side,
grow
companies
connect
companies,
we
work
at
ecosystem
and
then
help
fund
them.
D
D
Our
housing
prices
are
unbelievable
and-
and
it's
really
no
excuse-
we
have
not
built
enough
housing
there's
a
lot
of
reasons
for
it.
Our
growth
continues
and
our
housing
production
is
not
keeping
up.
Here's
a
good
example:
we
were
building
more
houses
in
2001
than
we're
building
now
in
our
our
economy
now,
and
our
population
now
is
a
third
larger
and
most
of
what
we're
building
now
is
multi-family.
D
Most
of
what
we
were
building
then
was
single-family.
We
just
haven't
figured
this
out.
Our
permits
polls
so
far
this
year
are
less
than
they
were
the
last
five
years.
So
it
tells
me
this
is
the
pipeline
for
housing,
we're
going
to
have
fewer
houses
next
year
than
we
that
we
plan
to
have
now
well
below
that
purple
line
at
the
top,
which
was
the
2005
number
permits
polled
predict.
The
number
of
housing
units
will
be
available
in
the
next
year
or
two.
D
These
are
things
we've
talked
about.
We've
got
a
lands
bill
up
here
as
well.
We
need
to
open
up
some
land
for
housing.
Housing.
Land
availability
is
one
of
the
key
reasons
why
our
housing
is
is
becoming
so
unaffordable
and,
of
course,
more
multi-family.
Zoning
and
things
that
could
help
us
affordable
housing
is
really
the
the
key
people.
Now,
with
the
fifty
thousand
dollar,
your
job
cannot
buy
a
house
and
then
finally
education.
I
mentioned
workforce
skills
of
the
future
and
what
we
need
with
our
kids.
D
This
is
a
pretty
sad
report
card
for
the
state
funding
for
education.
We
are,
you
know
I
like
to
say
if
my
kid
brought
this
report
card
home
we'd
have
a
serious
talking
to
maybe
it's
time
the
state
does
the
same
thing.
We
talked
about
oh
yeah,
we're
giving
them
all
this
all
this
money
to.
How
do
I
go
back,
we're
giving
all
this
money
to
our
education
in
these
tough
times?
And
yes,
that's
true.
This
is
washington
county
school
district
funding.
You
see
the
blue
line.
D
It's
actually
going
up,
isn't
that
exciting,
but
in
real
dollars,
they've
taken
a
one-third
cut,
one-third
cut
in
their
actual
funding,
because
because
of
inflation
and
cost
of
doing
business,
and
what
does
that
mean
in
our
district
up
here,
a
lot
of
teachers
have
been
laid
off,
textbooks
that
are
obsolete,
that
our
kids
are
forced
to
use
in
classroom
size.
That
really
is
one
of
the
largest
in
the
nation.
This
is
not
the
way
we
build
the
workforce
of
the
future
and
oh
by
the
way.
D
D
So
our
plea
for
help
support
for
education,
workforce
development,
the
reset
upon
sale
for
legislation,
will
help
our
schools
on
the
funding
and
local
government
on
the
funding.
Our
tax
system,
as
you
know,
was,
is
seriously
flawed,
but
the
fact
that
we're
the
only
state
in
the
nation
that
allows
our
our
real
estate
to
depreciate
is
is
not
the
best
way
to
fund
our
education
system,
support
entrepreneurs,
affordable
housing
and
then
just
a
reminder
that
the
rdas
do
need
support
for
every
state
dollar.
We
match
it
with
four
local.
A
Thank
you,
president
kasversky,
really
important
information
and
and
reminders
for
us.
I
do
have
one
question
so
far
from
the
woman
anderson.
B
What
do
you
mean,
mr
kasmersky?
It's
always
nice
to
see
you
a.
G
B
Quick
question
when
it
comes
to
the
housing
as
well
as
student,
extensive
education.
Do
you
are
these
two
data
points
items
that
businesses
look
at
when
they
are
considering
moving
to
the
washington
county,
truckee
meadows
area,
from
your
private
discussions
with
them?
Or
is
there
any
sort
of
information
about
companies
that
make
the
decision
not
to
come
to
the
trucking
meadows
as
to
some
items
as
to
why
they
make
these
decisions
that
you
might
be
able
to
share
with
us.
D
You're,
exactly
right
mike
has
mercy
for
the
record.
There
is
no
doubt
that
we
have
lost
companies
in
the
last
six
months
because
of
our
housing
prices.
They
come
in
they're,
paying
good
wages.
We
we
target
thirty
dollars
an
hour
as
as
our
target
for
companies
at
thirty
dollars
an
hour.
That's
sixty
thousand
a
year.
If
you
don't
have
both
wagers
earning
sixty
thousand
a
year,
you
cannot
afford
a
house
and
you
can't
even
find
an
apartment
anymore
or
a
condo
because
of
availability
is
so
so
lean.
D
So
we
have
lost
projects
because
of
our
housing
prices
and
on
the
education
side.
I
can
tell
you
that
is
a
constant
struggle
to
be
able
to
talk
about
okay,
they're
coming
in
here,
they're
investing
hundreds
of
millions
of
dollars,
the
life
of
the
company.
Are
we
gonna
have
the
workers
they
need
to
succeed,
and
so
we
have
to
help
help
through
that
process.
D
Explain
what
we're
doing
with
the
k-12
system
help
our
upskilling
programs
at
the
community
college
perspective,
and
we
will
lose
projects
that
don't
think
we
can
meet
the
demand.
In
fact,
most
people
would
would
recognize
that
tesla's
expansion
was
limited
by
available
workforce
and
talent
in
this
region.
B
Thank
you,
and
then
I
do
have
a
not
related
to
this
question,
but
still
also
for
you.
But
do
you
see
a
large
amount
of
companies
being
started
by
our
graduates
from
either
the
trekkie
meadows,
community
college
or
university
of
nevada
located
in
reno
or
even
unlv,
moving
to
the
washington
county
area,
or
is
it
mostly
companies
that
are
coming
in
that
are
already
like?
Are
there
many
startups?
I
guess
is
what
I'm
asking.
D
Most
of
our
startups
are
local.
Some
are
out
of
the
university.
It's
amazing
you
bring
a
tesla
employee
in
here,
and
their
spa,
spouse
or
partner
want
to
start
a
company,
so
the
beauty
of
attracting
talent
is
it.
Oftentimes
leads
to
second
and
third-order
effects
for
entrepreneurial
growth,
and
especially,
if
you're
in
the
technology
sector.
So
we
see
both
we
attract
some,
but
the
majority
of
the
startups
we're
helping
grow
here
are
really
from
this
region.
A
Thank
you.
Thank
you.
I
don't
see
any
other
questions
for
mr
kasmersky.
Okay,
thank
you.
Thank
you
for
that
information
and
that
we
will
move
on
to.
I
think,
mr.
G
Yes,
perfect
so
good
evening,
chair
cohen
members
of
the
committee,
thank
you
for
the
chance
to
share
with
you
an
overview
of
economic
development
in
southern
nevada
and
our
work
at
the
las
vegas
global
economic
alliance
for
the
record,
I'm
jonas
peterson
president
and
ceo
of
lvgea.
G
G
Top
of
the
list
is
getting
a
wide
variety
of
partners
to
move
forward
on
a
common
strategy
right
now,
we're
updating
our
target
industries,
where
we
focus
our
efforts
in
southern
nevada
and
over
the
next
upcoming
months
we
will
be
working
with
sri
and
a
wide
variety
of
partners
to
create
a
new,
comprehensive
economic
development
strategy
and
recovery
plan
for
southern
nevada
initiative,
planning
and
strategy.
We
work
to
support
small
business.
G
In
particular.
This
has
been
a
focus
area
of
our
work
over
the
last
year
throughout
the
pandemic.
More
on
that
in
just
a
minute.
It's
not
just
small
businesses
that
we
work
to
to
support
through
our
biz
connect
program.
We
meet
with
hundreds
of
companies
throughout
the
year
to
connect
them
with
resources,
provide
counseling
and
support
to
help
them
stay
and
thrive
throughout
the
region.
G
We
also
promote
southern
nevada
as
a
great
business
destination.
You
may
have
seen
our
vegas
here.
You
can
campaign,
among
other
efforts
to
promote
the
region,
our
quality
of
life
and
our
attributes
as
a
preferred
location
for
business,
and
we
do
a
lot
to
support
workforce
development
and
education
from
our
workforce.
G
To
make
sure
our
firms
in
nevada
have
access
to
those
programs
and
those
resources.
I
want
to
give
a
shout
out
to
all
the
partners
in
the
nevada's
business
information
network,
our
chairwoman,
betsy
fretwell
and
many
partners,
chambers
across
the
state.
The
rdas
across
the
state
came
together
in
ways.
I've
never
seen
before
to
collaborate
to
get
information
out
to
businesses,
to
provide
resources
and
really
to
provide
a
coordinated
effort,
remarkable
success
throughout
the
state
of
nevada.
G
Over
75
partner
organizations
are
aligned
with
our
plan
will
help
us
move
forward
with
a
variety
of
initiatives.
Programs
services-
we,
the
companies,
we've
worked
with
with
many
partners
since
2012,
have
delivered
over
4.5
billion
dollars
of
economic
impact
and
that's
a
one-year
economic
impact
impact.
According
to
the
implant
modeling
system,
there's
five
target
industries
that
we
focus.
Our
efforts
on.
You
can
see
those
here.
G
G
There
is
a
long
track
record
of
success.
I
want
to
congratulate
the
team
at
goed,
the
other
rdas
around
the
state.
You
have
a
good
economic
development
system,
we
all
work
together
and
with
god's
help
we
are
all
more
productive
in
southern
nevada
alone.
If
you
look
at
2015
to
2020,
we
have
made
leaps
forward
our
team
with
many
of
those
partners,
cities
counties
others
along
the
way
helped
provide
assistance
to
over
20
000
jobs.
It's
not
just
small
businesses.
G
We
work
with
many
of
these
are
some
of
the
largest
job
creation
projects
that
have
advanced
in
southern
nevada,
they're
working
to
diversify
our
economy,
we're
more
diverse.
Today,
we've
made
leaps
forward
yet
we're
simply
not
diverse
enough
to
withstand
the
shocks
to
withstand
the
of
being
a
tourism-dependent
economy,
the
high
highs
and
the
low
lows
that
come
along
with
that.
G
So
the
need
for
economic
development
going
forward
is
great.
The
need
for
job
creation
is
great.
I
know
this
isn't
lost
on
any
of
the
members
of
the
committee
in
southern
nevada.
Our
unemployment
rate
shot
up
to
34
in
april
of
last
year.
That's
the
highest
level
on
record
higher
than
the
rest
of
the
state
and
certainly
higher
than
the
rest
of
the
country.
G
In
that
period
april,
nevada
lost
290,
000
jobs,
240
000
of
those
were
here
in
southern
nevada.
G
It
wasn't
just
a
decline
in
jobs,
but
visitor
volume
also
fell
drastically.
You
can
see
in
blue
the
2019
performance
for
our
visitor
volume
and
then
in
red
the
year
that
we
had
in
2020..
So
look
at
april.
In
particular,
you
can
see
3.5
million
in
a
normal
year
down
to
100
000
in
2020.,
so
the
need
for
job
creation
is
great,
for
economic
development
is
great
right
now
we
need
your
support
to
make
this
happen.
G
In
particular,
funding
is
critical
to
our
efforts.
I
mentioned
the
leverage
that
we're
able
to
provide
from
private
sector
investors
to
support
that
work,
but
funding
from
the
state
is
critical.
So
continued
funding
from
the
state
for
regional
development
authorities
is
one
of
our
our
requests
and
pleased
to
see
governor
sysolak
include
maintain
funding
in
in
his
budget
proposal.
G
Second
request
would
be
funding
for
the
state
infrastructure
bank
again
encouraged
to
see
the
governor
include
this
in
his
budget.
Going
forward.
Infrastructure
is
important
to
all
of
us
for
job
creation,
but
in
particular
in
southern
nevada.
You
heard
director
brown
mentioned
the
need
for
industrial
parks,
served
industrial
parks
and
buildable
sites
that
match
up
with
what
employers
are
looking
for,
in
particular,
some
of
those
larger
job
creation
projects.
G
G
G
We
know
that
it's
not
just
the
firm
that
receives
the
abatement
or
the
incentive
that
benefits
there's
a
multiplier
effect.
We
talked
about
manufacturing
firms,
manufacturing
firms
have
among
the
highest
multiplier
effect
of
all
industries,
so
when
we
are
able
to
locate
or
grow
a
manufacturing
firm,
for
instance,
it
benefits
so
many
other
areas
of
our
economy
and,
ultimately,
the
return
on
investment
from
abated
firms.
G
We
are
generating
over
three
dollars
in
new
tax
revenue,
and
this
is
2014
to
2019
in
southern
nevada,
for
every
dollar
baited
we're
producing
over
100
105
in
economic
impact.
That's
a
tremendous
return.
The
state
and
local
governments
are
generating
1.57
billion
in
new
tax
revenue.
Those
abatements,
those
programs
that
you
heard
director
brown
lay
out
have
helped
us
in
southern
nevada,
create
over
23
000
new
direct
jobs
with
average
wage
over
22
dollars
an
hour.
A
Have
thank
you,
president
peterson.
I
don't
think
I'm
seeing
any
questions
for
any
any.
A
Questions.
Okay.
Now,
thank
you
for
that
information
and
I
think
I'd
be
interested
in
in
I
know.
Your
present
presentation
is
is
different
than
mr
kuzmar's
keys,
but
maybe
if
you
could
also
hit
on
you
know,
our
housing
issues
are
different
in
the
south
and
in
the
north,
but
there's
still
issues.
G
Sure
yeah,
I
think,
in
a
variety
of
ways,
and
especially
as
we
move
through
and
out
of
the
pandemic,
you've
got
differences
around
the
state
right
now.
You
know
you're,
seeing
it
in
unemployment
levels
you're,
seeing
it
in
housing
levels
where
that's
a
a
constraint,
much
more
so
up
north
than
it
is
in
the
south.
G
So
you
know
I
can
sure,
appreciate
the
issue,
but
our
our
ability
to
provide
housing,
stock
and
aster
plan
developments
in
southern
nevada
has
moved
forward
more
units
to
to
meet
that
demand.
So
it's
not
as
much
of
a
barrier
in
our
market.
A
Hey
and
thank
you
for
that,
and
are
you
hearing
from
what
are
you
hearing
about
education
from
potential
businesses
to
come.
G
To
nevada,
so
when
you
talk
to
a
high-value
company
today,
the
type
of
company
that
we
are
all
looking
to
attract,
the
first
thing
they
ask
is
about
the
quantity
and
quality
of
your
workforce.
Whether
or
not
you
have
the
workforce
they
need
today
and
whether
or
not
you'll
have
it
five
years
down
the
road.
It's
the
top
issue
now
and
I
think
it
is
only
going
to
grow
in
importance.
G
A
And
as
for
quality
of
life,
where
does
that
fall
with
education
and
the
businesses,
knowing
that
they're
going
to
want
to
have,
if
they're,
bringing
any
of
their
employees
that
they're
going
to
want
to
have
a
certain
lifestyle,
certain
education
for
their
children?
Are
they
asking
about
education
in
that
respect?.
G
Yes,
it's
it's
across
the
board
and
it
varies
from
from
company
to
to
to
company,
but
you
know
so.
Some
decisions
are
made
based
on
our
ability
to
eat
what
their
the
leadership
of
the
company
is
looking
for
for
their
family,
but
most
take
the
broader
view
and
are
looking
for
their
their
employment
base.
Can
we
over
the
long
run,
meet
the
needs
of
what
they
are
looking
for
for
their
employees
in
terms
of
skill
set
and
availability?
G
And
this
is
a
this-
is
a
challenge
for
for
all
of
us,
especially
in
a
tight
budget.
The
our
ability
to
you
know,
educate
the
workers
of
tomorrow
to
keep
turning
out
that
pipeline.
The
in-demand
occupations
where
we
need
the
most
workers
going
forward,
is
going
to
be
critical
in
the
long
run.
It's
all
about
talent.
A
Thank
you.
Thank
you
for
kind
of
going
through
those
differences,
so
I
also
have
a
question
for
from
assemblywoman
anderson,
so
please
go
ahead.
B
What
are
do
you
ever
find
that
you
and
mr
kasamerski,
the
two
companies
are
going
after
the
same
outside
entities
to
come
to
the
region
and
if
or
is
that
something
where
you
guys
get
a
thumb
wrestle
on
the
on
the
drive
over?
How
do
you
handle
those
issues,
or
is
that
something
that
then
you
ask
mr
brown
to
come
in
and
referee?
I
guess
the
best
way
possible.
G
Thank
god.
So
this
is
a
great
question
and
I
think
the
the
reality
when
we're
implementing
economic
development
when
we're
going
after
companies,
you
saw
you
know,
director
brown
had
a
great
slide,
showing
the
three
economies
of
nevada,
very
different
and
with
connections
to
to
different
markets
outside
of
the
state.
So
it's
it's
very.
It's
rare
that
we
actually
end
up.
G
You
know
going
out
and
recruiting
after
the
the
same
company
does
happen
from
time
to
time,
but
I
will
say
that
among
your
rdas,
you
have
a
high
level
of
cooperation.
G
This
is
a
coordinated
effort
with
goed,
taking
a
leadership
role,
and
you
know
companies
make
their
own
decisions.
So
we
you
know
we
can
be
competitive
but
still
allow
that
company
to
you
know
make
they're
going
to
make
the
decision
that's
in
their
best
interest,
where
it's
the
best,
and
so
you
know
there
are.
There
are
many
times
where
we
communicate
work
on
projects
together
and
then,
eventually
that
company
will
take
the
lead
on
deciding
which
region
they
need
to
drill
into
further.
B
E
Michael
brown,
if
I
could
add
for
the
record
oops,
no
I've
been
yes.
Yes,
we
have
a
bi-weekly
call
with
the
regional
economic
development
authorities
and
we
also
are
tracking
potential
projects
as
they
come
into
the
state
and
then
finally,
you
know
when
folks
us
approach
us
directly.
You
know
we'll
do
an
evaluation
and
say
you
know
you
probably
would
fit
well
in
the
rurals.
E
You
might
fit
better
in
the
north
or
in
the
south,
and
in
some
cases
we
will
pursue
them
jointly
and
we'll
try
to
come
up
with
proposals
from
different
parts
of
the
state
and
see
see
which
one
fits
them.
The
best
like
I
say
these
are
sophisticated
players
on
the
other
side,
and
so
we
want
to
give
them
as
many
options
as
they
can,
as
they
consider
nevada,
but
we've
not
had
any
problems
with
intramural
politics.
This
is
a
group.
That's
worked
very
solidly
together
and
very
proud
to
be
in
partnership
with
him.
A
H
Thank
you,
man,
I'm
sure,
trying
to
bring
up
my
there.
We
go,
I'm
assuming
you
can
see
all
that,
so
I
will
move
forward.
Thank
you
for
the
opportunity
to
present
to
you
appreciate
mike
for
the
record.
My
name
is
robert.
B
I,
mr
cindy,
with
broadcast,
we
are
only
we
are
seeing
we're
not
seeing
your
presentation
full
screen,
we're
seeing
where
the
note
setting
is
at
you
can
just
go
to
where
it
says,
display
settings
and
swap.
B
H
All
right,
good,
I
think
I'll
go
back
to
the
selector
slack
trade
director
brown.
I
might
do
better
better
with
that,
but
we'll
start
over
again.
Here
again,
my
name
is
robert
hooper,
I'm
the
president
and
ceo
of
the
northern
nevada
development
authority,
which
I've
had
the
honor
and
privilege
to
lead
for
the
last
12
years
here
in
northern
nevada.
H
H
First
off
the
area
that
we
service
is
nevada's
sierra
region?
This
encompasses
five
counties
you
can
see
on
the
map
there,
carson
douglas
lion,
mineral
and
story,
and
I
might
also
add
that
we
have
great
relationships
with
the
other
rdas
kind
of
going
back
to
the
last
question
that
was
that
was
asked
as
an
example.
H
Today
there
was
there's
a
company
looking
at
southern
nevada
and
the
folks
in
southern
nevada
called
me
up,
because
I
knew
I
had
something
I
could
offer
them
great
conversation
with
them,
turning
them
back
to
southern
nevada.
So
we
we
work
together
on
these
things
and
I
agree
with
jonas,
so
you're
never
going
to
tell
a
company
where
they're
going
to
go.
We're
not
selling
used
cars
here,
we're
providing
information
and
service
okay.
Anyway.
Sorry
to
jump
in
on
that
question
simon,
I
just
had
to
throw
that
in
there.
H
H
We
sometimes
get
confused
because
we're
so
close
to
reno,
but
we're
really
a
different
region,
and
you
can
see
through
that
map
that
the
difference
between
mineral
lion,
douglas
carson
city
and
story,
there's
there's
quite
a
variety
in
our
region
as
well.
H
Jeff
page
who's,
the
county
manager
for
lyon
county
often
in
his
presentations
talks
about
how,
within
lyon,
county,
there's,
five
distinct
different
communities,
and
so
part
of
our
job
is
to
work
in
that
diverse
environment.
Bring
all
those
agendas
together
and
also
I
have
to
put
a
plug
in
where
carson
city
is
the
home
to
western
nevada
college,
we're
very
proud
of
wnc
and
the
skilled
workforce
programs
that
they
bring
to
the
region.
H
Nnda
again,
as
you
know,
we're
the
state
designated
rda
for
this
region,
we
like
to
refer
to
ourselves
as
the
oldest
rda
in
the
state,
and
that
was
because
you
had
four
counties
that
came
together
and
consolidated
their
economic
development
into
one
organization
which
is
going
back
a
long
ways
ago
way
before
me.
H
We
are
the
go-to
resource
for
this
area.
You
can
see
our
little
wheels
there.
You've
got
them
in
your
print
out.
I
believe
as
well,
but
my
background
educationally
many
decades
ago
was
in
ecology.
H
So
when,
when
I
look
at
business
systems,
I
think
of
it
as
an
ecosystem
and
how
we
manage
that
ecosystem.
So
we
try
to
balance
out
our
work
in
supporting
the
workforce,
education,
development
of
infrastructure,
access
to
funds,
how
we
can
help
get
new
jobs
in
here
through
attraction,
retention
and
expansion,
and
then
how
do
we
create
the
place
where
this
business
can
can
take
place
since
2010
we've
reduced
the
industrial
vacancy
rate
in
this
area
for
26
percent
to
3?
And
I
might
add
that
was
pre-tesla.
H
We
actually
created
a
bigger
problem
for
ourselves,
because
we
ran
out
of
buildings,
we've
developed
a
pipeline
of
900-plus
companies
and
we've
assisted
116,
relocating
expanding
companies,
more
than
5
000
new
jobs
and
for
a
mixture
of
small
metro,
rural
and
frontier
counties,
a
2
billion
dollar
in
total
economic
impact.
We're
very
proud
of
that.
I
also
want
to
point
out
on
this
slide
the
sphere
of
influence,
and
this
also
speaks
to
some
of
the
questions.
I've
I've
heard
where
we
have
control
is
on
the
front
end.
That's
on
the
marketplace.
H
It's
who
we
go
talk
to
it's,
how
we
market,
how
we
position
ourselves
that
sphere
of
influence
goes
down
as
you
go
through
the
pipeline
process.
As
I
mentioned
a
minute
ago,
companies
are
going
to
decide
where
they're
going
to
go.
H
Our
job
here
is
to
target
the
right
people
target
the
right
companies
stay
with
them,
provide
them
with
the
information
that
they
need,
take
good
care
of
them,
and
hopefully
our
wins
will
go
up,
and
I
I'm
proud
to
say
that
they
have
not
just
in
in
our
region
but
throughout
the
state
with
mr
kazmirsky,
mr
peterson,
all
my
fellow
rdas
out
there
everybody's
doing
a
super
good
job
partners
like
the
other
two
presentations.
H
A
lot
of
our
funding
comes
from
the
private
side.
We
do
get
good
government
funding.
We
want
more,
mr
brown,
but
we
do
get
good
funding
from
our
contracts
with
with
goed
from
our
cities
and
counties,
but
it's
our
it's
our
private
partners
that
really
bail
us
out
not
only
with
their
with
their
treasure,
but
with
their
with
their
time
and
their
talent.
H
We
couldn't
do
without
everybody,
and
we
want
to
give
a
lot
of
credit
to
folks
like
envy
energy
and
the
many
other
folks
that
work
with
us
in
this
process
under
cobit
19
when
that
hit
us,
like
everybody,
threw
us
for
a
loop,
but
we
jumped
right
in.
We
supported
businesses
in
our
region
continue
to
do
that
who
were
essential
and
did
not
close,
but
they
needed
our
help.
H
We
worked
with
those
that
closed.
We
we
created
a
dedicated
information
page
on
our
nnda
website.
We
hosted
many
zoom
information
meetings.
H
We
created
a
special
website
for
manufacturers
that
were
introduced
in
producing
needed
medical
supplies
for
the
state
and
we
also
focused
on
bringing
in
companies
that
could
help
with
with
the
pdp
we
developed.
This
is
something
we
did
that
was
really
fun.
We
developed
the
sierra
region,
reopening
safety
plan
template
as
basically
taking
from.
H
I
also
have
a
manufacturing
background,
so
I
looked
at
the
safety
plan
and
said
if
I
only
needed
to
augment
our
safety
plan
to
make
it
safe
for
my
employees
and
my
customers,
how
would
I
go
about
changing
my
irish
plan?
So
we
worked
with
business
and
industry,
put
together
a
really
good
template
and
got
that
out
to
the
companies
to
help
them
navigate
these
waters.
H
One
of
the
things
that
we
focus
on
here
is
economic
corridors.
I
mentioned
a
minute
ago
about
the
diversity
of
our
of
our
region.
H
The
one
of
the
things
we're
doing
right
now,
as
a
pilot,
is
we're
working
with
with
the
walker
river
corridor.
We
were,
we
helped
blind
county
put
together
an
application
for
a
cdbg
grant
which
they
did
get
to
create
a
economic
development
plan
for
that
corridor.
H
So
it's
a
very
diverse
corridor,
but
it
is
tied
together
economically,
so
we
are
working
on
this
plan
with
an
outside
consultant
and
the
county,
of
course,
is
driving
that
process,
and
we
believe
this
will
be
a
good
roadmap
on
how
we
can
create
economic
growth
within
a
corridor
and
something
that
can
be
replicated
in
our
other
corridors,
and
I
look
forward
to
presenting
that,
hopefully
to
you
at
some
day
economic
development.
This
is
nda's
approach
and
I've
been
almost
an
evangelist
on
this
now
for
12
years
in
in
telling
people.
H
I
believe
this
economic
development
is
not
about
what's
in
it
for
me,
and
we
actually
with
our
commercial
real
estate
committee
I'll,
never
forget
the
day,
the
chairman
of
our
committee,
she
told
the
other
real
estate
agents
on
the
committee,
if
you're
here
in
participating
within
nda,
because
you
want
to
get
more
commissions
you're,
not
here
for
the
right
reason.
You
probably
should
not
be
here-
it's
not
about.
What's
in
it.
For
me,
we
measure
our
success
by
how
we're
lifting
up
families
it's
all
about.
H
What's
in
it
for
our
kids
and
our
grandkids
and
the
future
of
our
communities,
we
take
a
regional
approach
because
we
can
do
it
for
for
less
cost
that
way
and
get
higher
impacts
and,
frankly,
we're
we're
doing
a
better
job.
When
everybody's
working
together
towards
common
goals,
the
the
whole
idea
of
economic
development
is
it's
never-ending,
it's
inevitable,
no
matter
what
the
current
economic
cycle
is,
we
must
be
there
if
you
think
back
a
second
a
slide
ago
about
that
that
wheel.
H
H
This
is
a
really
great
program
and
when
I
say
we
what
I
mean
by
that
is
our
design
and
construction
committee,
along
with
the
builders
alliance.
It's
on
that
committee
and
others
came
together
and
put
together
a
really
great
program
that
did
all
the
heavy
lifting
up
front.
So
talk
about
a
strategy
on
how
to
bring
companies
to
nevada
I'll,
never
forget
the
one
we
did
for
fernley.
H
We,
we
did
a
really
good
one
there.
They
all
are
good.
We
have
seven
of
them
right
now,
but
I
was
speaking
with
the
nevada
representative
for
mark
iv
that
bought
the
crossroads
park
out
in
fernley
and-
and
he
said
you
know
it's
like.
I
love
that
document-
that
the
certified
site
document-
and
he
says
I
hate
that
certified
site
document.
I
says
what
do
you
mean
by
that?
H
I
loved
it
because
it
gave
me
everything
I
needed
to
know
saved
me
a
lot
of
time
and
by
the
way,
was
about
13
inches
thick
when
it
was
done
and
that's
why
he
said
he
hated
it.
It
kept
him
up
all
night
many
nights,
but
it
was
very
instrumental
in
bringing
them
to
this
region.
We've
heard
that
from
a
lot
of
companies,
so
we
have
seven
of
these
sites.
It's
a
way
for
us
to
get
more
things
built
here.
H
Another
solution
is
our
apa
brownfield
grant
program
we're
working
on
our
third
program
with
that
right
now
we
completed
the
first
one
on
schedule,
carson
city
douglas
and
our
second
lion.
Churchill
will
be
done
in
progress
since
october
2018.
H
and,
if
you're
not
familiar
with
the
epa
brownfield
grant,
we
get
funding
from
epa
to
go
in
and
look
at
previously
used
lands.
Do
assessments
on
it
and
see
what
needs
to
be
done
to
make
it
ready
for
for
new
development
and
there's
some
other
opportunities
that
come
out
of
that
the
brownfield
one
of
those
is
the
brownfield.
The
certified
sites
to
do
business
epa
has
worked
with
us.
H
They've
actually
used
our
program
as
a
model
nationally
and
we're
we're
able
to
use
the
the
planning
feature
of
the
epa
brownfield
grant
program
to
create
reuse
plans
that
have
worked
out
really
well
and
we're
going
to
continue
to
do
that.
Another
thing
that
we've
talked
about
here
a
lot
is
workforce.
H
It's
it's
a
it's
a
big
issue
for
us
and
for
everybody.
That's
on
on
this
call.
That's
it
that's
part
of
our
our
pipeline
issue.
The
solution
for
us
has
been
working
with
western
nevada
college.
I've
been
honored
to
serve
on
the
institutional
advisory
council
now
there,
since
its
formation
reelected
this
year.
As
chairman
of
that
for
six
years
in
a
row,
I
think
our
community
college
program
is
probably
the
best
I've
seen
anywhere.
H
H
One
of
my
asks,
which
I'll
slip
in
here
is,
do
everything
you
can
to
prop
up
our
community
colleges,
they're
they're,
doing
the
heavy
lifting
right
now.
The
mechatronics
program-
and
I
got
to
tell
you
the
story-
we
had
a
young
lady
here
in
carson
city,
a
single
mom
working
at
15,
an
hour
with
two
kids
living
at
home,
because
she
couldn't
afford
her
own
place.
H
She
got
into
the
mechatronics
program
up
at
western
nevada
college
was
hired
at
the
end
of
her
certification
course
level.
One
mili
jumped
up
to
six
figures
of
income.
The
company
paid
her
to
go
back
to
college
for
level
two
she's
now
in
charge
of
the
entire
manufacturing
process.
For
this
largest
employer
in
carson
city.
H
H
The
rhodes
program
is
addressing
incumbent
workers,
it's
basically
to
help
provide
economic
solutions
for
those
families
that
want
to
get
up
skilled,
which
is
by
the
way
the
the
incumbent
worker
population
is
our
biggest
opportunity
in
nevada
to
get
skilled
workers,
and
it
also
solves.
Another
problem
is
that
we
can
upgrade
companies
in
our
family
income
by
doing
that,
but
their
problem
is
if
they
go
back
to
college,
to
get
these
certification
courses.
H
This
program,
we're
still
waiting
for
that
line,
item
budget
to
be
released,
but
we
hope
someday
it
will
be,
and
then
we
can
really
kick
this
in
into
high
gear.
Need
is
infrastructure.
You've
heard
a
lot
about
that
here
today.
This
is
really
something
that
we
need:
we're
all
bumping
our
head
on
growth
right
now,
bumping
our
head
on
the
ceiling
for
growth
infrastructure
is
one
of
those
key
things.
What
we've
been
doing
is
addressing
this
in
a
lot
of
different
ways.
H
We've
been
working
very
closely
with
ndot
and
we
supported
the
the
revision
of
the
nevada
state
rail
plan
in
many
ways.
H
Part
of
that
was
we
put
together
a
study
for
the
indoct
firmly
multimodal
freight
facility
feasibility
study
and
you'll
find
that
in
the
appendix
of
the
the
state
rail
plan,
which
is
now
available
for
public
comment,
but
the
results
that
came
out
of
that
were
absolutely
amazing
is
what
could
happen
in
logistics
by
switching
freight
traffic
off
of
I-80
and
and
putting
it
on
the
sea
containers
infernally
and
how
we
could
have
a
two-way
sea
container
traffic
going
back
and
forth
with
the
port
of
oakland,
which
has
as
much
freight
going
out
as
coming
in,
and
that
study
was
instrumental,
I'm
happy
to
say.
H
H
This
brings
me
to
this
nevada
technology
corridor.
This
is
a
looking
forward.
I
like
looking
forward
to
seeing
what's
the
next
opportunity.
How
can
we
make
that
happen?
I
look
at
our
rural
counties,
our
frontier
counties
and,
as
you
saw
on
the
map,
we
represent
all
the
way
down
through
hawthorne
and
they
were
hit
hard
during
the
great
recession
and
with
the
the
cova.
They
were
hit
harder.
G
H
We
said
what
can
we
do
there,
and
for
many
many
years
I've
looked
at
the
opportunity
to
connect
north
and
south
we're
all
in
this
together.
We
should
all
be
working
together
to
increase
the
economy
of
western
nevada.
It
can't
be
north
versus
south,
it
can't
be
rural
versus
metros.
We've
got
to
be
working
together,
so
we're
putting
together
this
nevada
technology
corridor
program
we're
getting
a
lot
of
support
from
the
counties.
In
fact,
people
on
this
phone
call
right
here
have
signed
on
as
collaborators.
H
Thank
you,
jonas,
and
we're
we're
putting
this
together,
as
as
a
as
a
real
push
to
try
to
connect
northern
nevada
with
southern
nevada,
with
with
with
rail,
which
is
a
whole
other
story
that
I
don't
have
time
to
get
into
today,
broadband
natural
gas
different
types
of
transportation.
H
We
believe
that
we
can
highly
impact
the
future
of
nevada
with
this
project,
and
I
also
have
to
put
special
thanks
out
to
blockchain
llc.
That's
that's,
helped
us
get
into
this
and
is
helping
fund
this.
The
study
and
everything
else
that
we're
doing
here.
H
I've
already
covered
all
that,
so
this
is
a
strategic
transportation,
a
transformation,
nevada's
infrastructure
for
this
missing
middle
of
western
nevada.
Part
of
this
is
the
establishment
of
two
of
two
inland
ports.
You've
heard
a
lot
about
inland
ports.
The
assembly
passed
a
bill
some
time
ago
about
allowing
inland
ports.
H
We
are
working
with
an
assisting
ben
kieker,
with
bdr
22-536,
to
amend
nrs277b,
to
align
inland
ports
and
the
language
in
that
act
with
the
reality
of
how
you
run
an
inland
port
and
how
you
run
an
inland
port
authority.
H
That
fits
the
current
needs,
and
I
think
when
you
see
that
I
hope
you
support
it,
because
it's,
I
think
it's
the
right
way
to
go,
but
we
see
this
corridor
being
booked
in
with
an
inland
port
at
both
ends
and
by
the
way,
the
the
routing
that
you
see
on
this
map
is
just
one
of
many
routings
that
we're
looking
at.
H
Another
thing
is
another
need
is
our
nevada
climate
initiative,
and
I
want
to
put
this
in
because
this
means
a
great
deal
to
me,
having
an
ecology
background
and
looking
at
how
poorly
we've
handled
the
the
green
projects
that
we've
had
in
the
past.
I
think
of
the
the
green
funds
that
grew
up
in
silicon
valley.
Everybody
rushed
to
invest
in
it
and
as
soon
as
the
subsidies
went
away,
the
company's
failing,
we
don't
need
failing
companies.
What
we
need
is
a
cleaner
environment,
so
we're
we
are
promoting.
H
What
we
call
conservation
economics,
define
that
as
the
use
of
economics
to
understand
the
costs
and
benefits
of
sustaining
natural
ecosystems
and
our
purposes
accomplish
more
widespread
and
lasting
conservation
by
lowering
its
cost,
revealing
its
benefits
and
fitting
it
with
genuine
economic
development.
Part
of
this
is
who
we
target.
H
And
finally,
I
will
say
this
is
our
focus
is
to
minimize
and
mitigate
downturns
to
maintain
and
augment
gains
to
maximize
and
leverage
upticks,
and
we
we
do
that
by
our
everyday
activities
that
we
do
here.
We
do
that
with
the
great
partnership
we
have
with
our
other
rdas,
and
we
do
this
with
the
great
leadership
of
director
brown
and
his
team.
H
A
Thank
you,
president
cooper.
I
I
was
very
impressed
a
few
years
ago
I
had
a
bill,
and
I
made
some
references
to
western
nevada
college
in
in
my
presentation
and
through
that
I
learned
about
the
medtronics
program
and
that
how
it's
linked
to
siemens,
which
you
know
is
an
international
company
and
a
lot
of
what
they're
doing
at
western
state
college
is,
is
frankly,
I
guess
that's
my
my
prejudices
of
being
from
a
a
more
urban
area,
but
I
was
really
impressed
and
and
surprised
and
the
same
thing
with
manufacturing.
A
I
took
the
tour,
took
a
tour
at
the
end
of
last
session
in
minden
and
saw
the
starbucks
manufacturing
plant
the
I
can't
remember
the
name
of
it,
but
the
company
that
manufactures
sales
for
racing
boats
and
I
think
it
was
like
sale
right,
one
of
their
three
locations
throughout
the
world.
I
think
their
other
location
was
like
new
zealand
and
one
location
in
europe
and
some
other
businesses.
So
it
really
is
impressive.
A
What's
going
on
as
as
far
as
questions
I'll
I'll
try
to
make
it
quick,
because
I
do
have
several
for
you
and
maybe
I'll,
take
them
offline,
but
can
you
going
back
to
the
the
brownfield
the
epa
brownfield
grants?
Are
it
you
didn't
really
address
if,
if
the
land
needed
a
whole
lot
of
remediation,
are
these
really
problem
areas
with
a
lot
of
cleanup
necessary
or
they
just
there?
There's
just
a
little
need
to
do
some
work
and
they're
good
to
go
to
relocate
another
business.
There.
H
Yeah,
thank
you
for
the
record
rob
hooper.
Fortunately,
almost
everything
we've
assessed
has
only
had
to
go
through
a
phase,
one
which
is
just
saying
here's
what
it
is.
It's
part
of
the
development
process
that
the
builders
must
go
through
by
using
the
the
grant
process
we're
able
to
pay
for
that.
We
can
lower
the
cost
of
construction
and
we
can
accelerate
things.
So
if
we
find
something,
then
it
goes
to
phase
two
where
it
has
to
be
more
quantified
and
then
beyond.
That
is
remediation.
H
H
So
it's
it's
a
good
program
and
then
we
get
to
do
the
the
reuse
plan
as
well,
which
helps
us
with
our
certified
site
program
pays
for
part
of
that.
B
Madam
chair
and
thank
you
that
was
very,
very
interesting
presentation.
My
question
is
somewhat
that
we've
talked
about
the
last
two
is
about
housing.
I
know
that
there's
been
some
spillover
with
some
of
the
other
economic
development
into
some
of
the
areas
here
in
your
region,
impacting
housing
and
that,
on
top
of
any
housing
issues
that
you're
having
I'm
just
wondering.
H
Well,
yeah,
it's
really
varies
depending
on
which
part
of
the
region
you're
talking
about.
As
far
as
carson
city
is
concerned,
our
housing
prices
have
gone
way
up,
just
like
mr
kuzmarski
was
talking
about
for
for
the
for
the
reno
market.
It's
a
very
thin
inventory
right
now,
it's
hard
to
find
a
place
and
it's
hard
to
afford
that
place.
When
you
find
it,
we
have
a
lot
of
new
houses
being
built
right
now,
but
probably
not
as
fast
as
as
they
need
to
be.
H
There
are
things
planned
as
you
go
out
into
lyon,
county
and
the
permits
are
there.
I
think
you'll
see
a
lot
of
development
out
there.
That
will
bring
work,
I
like
to
say
obtainable
housing
in
into
budget
conscious
abilities,
and
there
are
parts
of
the
of
the
region
that
don't
want
growth
and
they're,
making
it
very
difficult
for
houses
to
go
in.
So
it's
a
real
mix,
you
you
get
into
the
deeper
rurals
and
it's
it's
kind
of
the
way.
It's
always
been.
H
You
know,
so
it
really
varies,
but
we're,
I
think,
we're
doing
pretty
good.
A
Thank
you.
Thank
you,
I'm
not
seeing
any
other
question.
Oh,
I
think
assemblyman
o'neill
please
go
ahead.
G
E
A
Thank
you
checking
to
see
if
we
have
any
more
go
ahead:
assemblywoman
bilbray
axelrod
thank.
B
You
chair
this
isn't
a
question
I
just
wanted
to
tell
you,
president
hooper.
I
will
be
reaching
out
to
you
with
my
other
cap,
which
is
chair
of
education,
to
talk
more
about
the
programs
that
you
have
so
just
to
let
you
know.
That's.
That's
pretty
amazing
and
look
forward
to
hearing
from
me.
A
Well,
not
seeing
any
other
questions.
Thank
you
men.
I
really
appreciate
the
informative
presentations
a
lot
there
for
us
to
go
through
and
we
appreciate
you
you
hanging
in
with
us
so
with
that.
I
think
we
will
move
on
to
an
update
on
the
las
vegas
convention
center
district
and
allegiant
stadium
projects
from
stephen
hill,
the
ceo
of
the
las
vegas
convention
and
visitor
authority.
C
B
D
B
C
C
Okay,
well
again,
thank
you
for
allowing
me
the
opportunity
to
be
here.
I
was
asked
to
address
the
status
of
the
bond
that
had
been
issued
both
for
the
las
vegas
convention
center
expansion
project,
as
well
as
the
legion
stadium
and
I'll
start
by
saying
that
the
status
of
those
bonds
is
solid
and
there
is
no
need
for
concern
and
I'm
going
to
spend
a
couple
of
minutes
explaining
why
that
is
and
then
so.
First,
let's
talk
about
the
stadium,
can
you
see
that
second
slide.
C
There
you
go
yeah
thanks,
so
both
of
these
projects
came
from
the
special
session
of
the
legislature
that
was
held
in
october
of
2016..
C
Building
itself
in
downtown
and
inside
that
25
mile
radius,
the
rim
tax
was
raised
0.88
outside
of
that
radius
for
the
rest
of
clark
county,
but
not
the
rest
of
the
state.
The
room
tax
was
raised
by
half
a
percent
that
virtually
all
of
that
room
tax,
most
all
of
that
room
tax
is
generated
inside
that
25
mile
radius
and
that
room
tax
generation
in
2019
was
52
million
dollars.
I
was
right
on
the
projection
on
that
we
had
made
in
2016
and
yeah.
That's
was
projected
to
grow
each
year.
C
C
C
It
takes
about
70
percent
of
that
room
tax
in
a
normal
year
to
pay
the
full
amount
of
that
debt
service.
The
payments
on
the
bond
and
then
after
that
we
can
pay
for
the
operation
of
the
stadium
authority
itself,
which
is
a
fairly
inexpensive
proposition
first
couple
years,
a
million
dollars
or
a
little
less
than
that.
We
are
permitted
by
law
up
to
about
2.2
million
right
now,
but
we
budget
that
and
that's
why
you
see
that
in
the
2001
or
2021
column,
but
we
will
not
spend
that
2.2
million
dollars.
C
If
there's,
then
money
left
over
following
that,
there
are
a
few
prescribed
uses
in
order
that
includes
payment
to
unlv.
That
is
up
to
three
and
a
half
million
dollars
a
year,
we're
closing
sam
boyd
stadium
for
a
period
of
10
years
and
then
the
rest
of
the
funding
is
basically
around
potential
maintenance
of
the
stadium
potential
capital
needs
at
the
stadium
or
the
early
retirement
of
debt.
C
C
C
C
I
can
get
detailed
about
that.
That's
not
technically
exactly
true,
but
we
borrowed
more
than
we
needed
for
the
project
itself
and
set
aside
45
million
dollars
of
the
first
year
of
debt
service,
and
then,
as
I
explained,
we
have
this-
what
we
call
a
waterfall
where,
as
we
collect
revenue
once
it
fills
one
bucket,
it
flows
into
the
next
bucket
and
when
we
collect
enough
in
that
bucket,
it
flows
to
the
next.
So
we
collect
enough
to
make
the
bond
payment
itself.
C
C
As
we
went
into
2021
fiscal
year
2021,
we
anticipate
using
about
a
net
12
million
dollars
of
that
debt
service
reserve,
but
we
will
also
be
contributing
nine
million
dollars
from
the
waterfall
funding
available
from
last
fiscal
year,
as
well
as
a
little
bit
of
interest
contribution.
C
Well,
at
the
end
of
this
fiscal
year,
we
anticipate
that
the
debt
service
reserve
will
still
be
about
66
million
dollars.
That's
roughly
still
two
years
of
our
current
payment
and
we
will
obviously
be
generating
some
level
of
revenue.
We
anticipate
that
that
will
be
a
significantly
increased
level
of
revenue
as
we
move
in
the
fiscal
year
22,
but
there
is
a
significant
and
somewhat
extraordinary
level
of
debt
service
reserve
on
set
aside
for
the
stadium,
so
these
bonds,
we
see
them,
is
continuing
to
be
healthy.
C
We
don't
see
them
at
risk
and
we
see
as
the
las
vegas
recovers,
the
room
tax
revenue
on
an
annual
basis
will
return
to
being
enough
to
make
those
bond
payments
each
year.
So,
madam
chair,
it
may
make
sense
for
me
to
pause
there
and
ask
questions
answer
any
questions
the
committee
may
have
on
the
stadium
itself
and
then
move
on
with
the
lbcda
project.
After
that.
A
Thank
you,
mr
hill.
I
know
I've
got
some.
I
I
want
to
make
sure
I
understand
what
the
waterfall
my
understanding
was
that
some
of
that
money
also
goes
to
unlv
having
to
do
with
unlv,
giving
up
stanford,
and
so
so
I
understand
we're
we're
making
we're
meeting
the
debt
obligation,
but
are
we
meeting
our
obligation
to
unlv.
C
Madam
chair
steve
hill,
no,
actually
at
this
point
unlv
has
not
closed
him
boyd.
So
they
need
to
do
that.
Officially
they
are
going
to
do
that
soon
and
then
they
will
be
eligible
to
receive
that
three
and
a
half
million
dollars.
If
we
have
to
go
through
an
audit,
we
have
to
show
how
much
they
are
actually
losing.
That
was
a
capped
number.
A
Thank
you,
then,
also
on
that
the
investment
earnings
who
who
manages
the
investments.
C
Madam
chair
steve
hill
clark
county
is
our
fiscal
manager
for
all
of
our
funding,
and
so
those
funds
are
invested
as
clark
kennedy
invests
all
of
their
funds.
We
just
invest
those
funds
alongside
the
investments
that
clark
county
has,
as
they
normally
invest.
A
B
And
thank
you
for
the
presentation.
I
have
a
question
going
back
to
sam
boyd
stadium.
I
know
you
just
said
that
it
hasn't
been
closed
yet,
but
that
the
agreement
includes
that
being
closed
for
10
years,
and
if
that
is
the
case,
is
there
some
sort
of
plan
for
that
that
area
or
for
the
safety
or
what's
happening
with
it
for
those
10
years?
And
if
so,
can
I
get
a
copy.
C
Assemblywoman
steve
hill
from
from
the
stadium
authorities
perspective,
it
was
simply
a
question
of
whether
unlv
chose
to
follow
through
and
close
the
stadium
or
not.
Unlv
has
the
control
of
that
land.
It
will
remain
their
property,
they
have
the
ability
to
determine
the
ultimate
outcome
of
that
property
and
I
would
defer
to
them
to
answer
the
question
on
what
their
plans
are.
Moving
forward.
B
Good
evening,
my
question
comes
from
slide.
Two,
I
think,
is
right.
Where
you
brought
this
up,
you
mentioned
that
there
was,
you,
borrow
the
the
the
stadium
authority
borrowed
more
than
was
needed,
so
what
happened
to
the
excess?
B
C
Bond
assemblywoman,
steve
hill,
so
we
started
collecting
room
tax
prior
to
needing
to
make
payments
on
the
construction
of
the
stadium.
So
a
portion
of
the
construction
was
paid
for.
One
generally
is
called
a
pay-go
basis
with
cash.
C
There
was
also
borrowings
to
pay
for
the
remainder
of
the
stadium,
but
we
had
enough
capacity
to
also
borrow
and
the
the
structure
was
set
up
this
way,
to
borrow
enough
to
contribute
to
750
million
dollars
that
the
law
requires
us
to
contribute
to
the
construction
of
the
stadium
as
well
as
borrowing
the
additional
amount
to
set
up
the
first
year
of
the
debt
service
reserve,
for
the
only
additional
funding
that
was
borrowed
was
to
set
up.
That
reserve
account
the
savings
account
and
that
is
set
aside
for
the
entire.
A
C
Thank
you,
madam
chair,
can
you
see
my
screen
again
or
do
I
need
to
re-share
that
since
I
paused.
B
C
B
C
B
C
C
Thank
you
so
as
a
part
of
the
special
session
in
october
of
2016,
the
legislature
also
approved
additional
revenue
and
the
las
vegas
convention
center,
both
expansion
and
renovation
projects.
This
was
a
slide
release.
The
contents
of
the
slide
that
was
shown
to
the
legislature
during
that
session
and
as
this
points
out
when
lbcva
came
to
the
tourism
infrastructure
committee
in
the
legislature
in
2016,
the
well
to
the
tourism
infrastructure
committee,
at
least
their
original
request,
for
was
for
one
and
a
quarter
percent
on
room
tax
increase
specifically
for
the
lbcva's
set
of
projects.
C
C
C
C
B
C
Thank
you
russell
good
to
see
you,
mr
hill
yeah.
Now,
let's
just
go
back
to
the
easy
way
to
do
it.
Thank
you.
So
generally,
the
lbcv
generates
what
we
would
have
anticipated
to
be
about
300
million
dollars
in
room
tax.
C
We
have
about
60
million
dollars
in
building
revenue
leasing,
the
building
the
other
ancillary
revenue
that
comes
from
that
operating
the
building
is
about
a
breakeven
proposition
for
the
lbcva,
and
we
use
the
room
tax
to
do
all
of
the
other
things
that
we
have
responsibility
to
do.
A
large
part
of
that,
as
you
can
see
here,
is
marketing
and
advertising
it's
a
150
million
a
year
of
operation
in
a
normal
year.
C
We
didn't
quite
get
the
250
million
dollars
of
room
tax
collection
so
that
the
collection
allowance
is
just
10
of
that
number
and
then
in
2021.
You
can
see
that
room
tax
is
down
really
significantly,
and
so
is
the
collection
allocation,
and
we
have
some
other
just
general
government
expense
overhead
for
the
organization.
C
So
in
a
normal
year
we
typically
break
even
we
that
includes
that
45
million
dollar
transfer
into
the
construction
account,
as
we
saw
on
the
pandemic,
start
to
strike
in
2020,
knew
our
revenues
were
going
to
drop.
We
took
pretty
quick
and
significant
steps
where
we
could
to
reduce
expenses
and
to
build
up
a
part
of
our
reserves.
C
As
you
can
see,
the
reserves
we
built
up
in
2020,
we
were
basically
spending
in
2021..
We
have
enough
reserves
both
in
about
seven
different
funds
at
the
lbcva,
and
I
am
not
showing
you
all
of
them.
C
Now
it
is
important
that
we
market
the
destination
that
we
help
sell
both
generally
and
specifically.
So
we
help
resorts
throughout
clark.
County
sell
meetings,
sell
the
leisure
industry.
We
are
responsible
for
working
with
the
mccarran
airport
on
airline
development.
We
have
a
host
of
responsibilities
that
are
important,
but
at
the
end
of
the
day,
our
number
one
responsibility
and
priority
is
going
to
be
making
debt
service
payments.
So
we
get
down
to
it.
Our
cfo
will
be
the
last
person
here.
He
will
be
using
the
money
that
we
have
to
make
that
debt
service.
C
We
don't
see
any
concern
of
that
being
the
case.
We
have
really
more
in
annual
reserves,
even
in
the
stadium
does
we
have
great
deal
of
flexibility
and
spending
so
that
we
can
reduce
our
expenditures.
There's
really
not
very
many
fixed
expenditures
in
the
organization,
and
we
see
the
destination
recovery.
The
health
numbers
are
continuing
to
get
better.
C
B
C
C
We
started
this
with
about
500
million
dollars
in
remaining
debt
for
the
buildings
that
had
currently
existed
prior
to
the
expansion
and
approximately
10
years
ago
we
borrowed
about
300
million
dollars
on
behalf
of
ndot
for
project
neon
and
contributed
that
money
to
that
project.
C
We
continue
to
pay
that
what
was
300
million
dollars
that
has
been
paid
down
to
about
250
million.
We
still
have
payments
for
that
and
we
have
borrowed
900
million
dollars
for
the
expansion
and
renovation
project,
in
addition
to
having
put
about
200
million
roughly
200
million
dollars.
Aside
for
that
construction
as
well.
C
To
give
you
a
sense
of
where
our
payment
structure
is,
what
is
in
black
is
what
I
black
and
in
gray,
is
what
was
represented
in
that
43,
roughly
43
million
dollars
of
current
payments
that
we
have
outside
of
the
construction
and
then
what
is
in
white
and
those
bars
are
the
payments
that
we
currently
have
for
the
900
million
dollars
over
the
course
of
the
next
30
years.
So
with
that,
madam
chair,
I
will
stop
and
answer
any
questions
that
the
committee
may
have
and
thank
your
technical
support.
B
Thank
you
chair
and
thank
you
director
hill
for
the
for
the
presentation.
My
my
question
is:
you
talked
about
the
conventions
that
will
be
starting
back
up
again
here
in
2021.
C
So
assemblywoman
steve
hill-
and
I
actually
talked
to
our
board
this
morning
on
the
kind
of
a
similar
subject
and
a
similar
question
and
the
the
cancellations
of
shows
has
been
the
result
of
the
pandemic
and
six
months
ago.
C
C
C
C
I
talked
to
them
yesterday.
They
are
exceptionally
committed
to
making
it
happen,
and
so
happens.
The
world
of
concrete
is
the
industry
that
I
spent
the
first
30
years
of
my
career
in,
and
I
know
those
folks,
and
they
would
have
been
here
six
weeks
ago
if
we
would
have
been
able
to
accept
them.
They
would
have
been
here
six
months
ago
if
they
would
have
been
able
to
come.
C
C
It's
important
that
if
we
have
any
ability
to
do
that
that
we
do
because
the
rest
of
the
show
industry
is
watching
that
show,
because
we
have
a
very
robust
schedule
behind
that
as
long
as
they
hang
in
there.
As
long
as
we
can
help
that
show
happen,
it
will
have
a
positive
domino
effect,
and
so
the
negative
domino
effect
that
we
have
seen
helping
really
to
save
the
third
quarter
for
this
destination
and
grow
from
that,
because
that's
the
kind
of
time
frame
that
we're
looking
at
right
now.
B
C
I
I
appreciate
that
assemblyman,
steve
hill
and
I'm
sure
everybody
in
the
state
does-
and
I
know
everybody
is
working
absolutely
as
hard
as
they
can
to
make
that
happen.
I
appreciate
it.
A
Mr
hill,
along
those
same
lines,
we
know
that
ces
was
online
for
the
convention
this
year
and
that
now
people
are
starting
to
realize.
There's
a
different
way
to
do
business.
There's
a
different
way
to
do
your
daily
business.
Are
you
hearing
from
any
conventions?
A
I
I
appreciate
what
you're
saying
about
world
of
concrete
and-
and
you
know
we
know,
there's
a
difference
between
being
at
home
and
being
in
las
vegas,
but
are
there
any
troubling
murmurs
that
you're
hearing
that
conventions
might
be
kind
of
cutting
back
or
the
numbers
of
people
coming
might
be?
Coming
back?
Assuming
we're
once
we're
past
the
pandemic,
because
they've
decided?
Oh,
I
can.
I
can
set
meetings
online.
I
can
do
what
we're
doing
here.
C
C
C
They
postpone
this
year's
show
from
january
to
june,
and
they
will
come
back
again
in
january
to
get
back
on
their
normal
rotation.
So
there
are
a
number
of
shows.
The
broadcasters
are
in
that
same
situation.
There
are
several
that
are
going
to
do
that,
but
and
it
depends
on
the
industry,
it
also
depends
on
the
reason
for
the
show.
C
So
a
lot
of
the
major
citywide
shows
that
we
have
in
las
vegas
are
put
on
by
associations.
So
ces
is
put
on
by
the
consumer
technology
association.
The
show
pays
for
the
majority
of
the
consumer
technology
association's
annual
budget
and
the
national
home
builders.
The
national
broadcasters,
all
of
those
associations
really
fund
themselves
through
those
shows
so
there's
a
real
desire
on
their
part
to
have
those
shifts.
C
There's
also
a
number
of
major
shows
that
are
owned
and
run
by
professional,
show,
organizers,
so
world
of
concrete,
for
example,
is
owned
by
informa
markets.
A
publicly
traded
company
out
of
london
and
their
primary
job
or
primary
line
of
business
is
to
put
on
shows
so
they
need
those
shows
to
come
back
as
well.
Now,
the
strength
of
the
return
of
the
show
will
depend
on
a
number
of
things.
C
The
health
of
the
industry
that
that
show
represents
so,
for
example,
home
building
has
held
up
pretty
well.
Through
this
pandemic,
the
technology
industry
has
held
up
well,
retail
has
suffered
pretty
significantly.
The
national
restaurant
association
holds
an
annual
convention
in
chicago.
It's
not
here.
C
That
show
will
have
trouble,
because
that
industry
is
significantly
damaged
by
the
pandemic,
so
the
economic
realities
of
this
are
real
and
there
will
take.
It
will
take
some
time
to
ramp
back
up.
As
we
go
into
our
budget
cycle
right
now,
we
are
projecting
that
on
average
shows
will
be
about
60
percent
of
what
they
would
normally
be
in
a
very
healthy
economy.
C
That
might
be
a
little
conservative.
What
we're
hearing
from
our
customers
that
are
in
the
second
half
of
this
year
is
somewhere
between
60
and
70,
but
as
we
move
into
the
first
half
of
2022
at
least
right
now,
the
outlook
is
somewhat
better
than
that.
A
B
Thank
you,
and
this
is
actually
for
for
both
the
las
vegas
stadium
authority,
as
well
as
for
the
las
vegas
convention
and
visitors
authority.
I
wish
I
thought
about
it
during
the
last
one
too,
have
you
has
this
authority
received
any
sort
of
grants,
whether
it's
from
federal
or
private,
to
help
pay
some
of
these
bills
based
upon
the
coveted
19
situation.
C
Assemblywoman,
steve
hill,
the
the
stadium
authority
itself,
we
don't
have
employees,
we
have
a
relatively
limited
scope
of
responsibility
that
is
largely
defined
by
making
sure
that
the
state
of
nevada
and
clark
county
and
the
city
of
las
vegas
get
the
deal
that
was
agreed
to
during
the
2016
legislative
session.
So
we
would
not
be
in
a
position
to
nor
do
we
have
a
required
need
to
look
for
assistance
along
these
lines.
C
From
an
lbcva
standpoint,
the
the
structure
of
our
organization
is
a
pretty
unique
even
nationally
pretty
unique
structure.
There
are
very
few
destination
marketing
organizations
and
convention
and
visitors
bureaus
that
are
actually
local
governments,
because
that's
really
what
we
are
considered
kind
of
a
subsidiary,
but
a
standalone
subsidiary
of
clark
county.
C
So
we
could
have
applied
through
the
state
and
clark
county
for
assistance,
but
chose
not
to
because
we
really
felt
like
the
way
that
those
those
dollars
were
being
used
were
a
higher
priority
than
where
what
we
do
frankly-
and
we
do
have
the
reserves
to
make
it
through
the
pandemic.
C
Now,
in
the
latest
round
of
stimulus
and
in
further
conversations
primarily
with
our
congressional
delegation-
and
you
may
have
seen
just
over
the
past
couple
of
days-
that
senator
cortez
masto
introduced
specific
legislation
to
help
the
tourism
industry
and
it
is
contemplated
in
there
for
the
lbcva
to
at
least
have
the
ability,
because
we've
really
not
had
the
ability
directly
with
federal
funding
because
of
our
unique
status,
to
apply
for
some
assistance
to
help
primarily
get
the
marketing
effort
back
up
to
what
it
needs
to
be
to
help
the
entire
destination
with
comfort.
C
So
we
appreciate
the
consistent
of
support
that
we
get
from
our
congressional
delegation
throughout
the
state.
The
recognition
of
the
importance
of
this
industry
is
not
lost
on
them
and
they
are
consistent
supporters
of
what
we
need,
but
in
particular
this
specific
effort
is
really
important
to
the
general
tourism
industry
to
las
vegas
in
specific
well,
at
least
partially,
specifically
to
the
lbcc.
B
A
Thank
you.
We
really
appreciate
that,
mr
hill,
that
I'm
not
seeing
any
other
questions.
Let
me
just
give
it
a
second
just
in
case.
A
No
okay!
Well!
Thank
you
very
much
for
the
information,
mr
helen
for
hanging.
In
with
us,
we
certainly
will
be
following
up
with
with
any
other
questions
and
and
again
appreciate
your
willingness
to
make
yourself
available.
C
A
As
a
reminder,
public
comment
is
limited
to
two
minutes.
Are
there
any
comments?
Bps
do
we
have
anyone
on
the
line.
A
And
I'm
okay
with
that,
since
there's
no
public
comments,
apparently
we
will
move
on.
Are
there
any
comments
from
the
members
before
we.
A
A
Okay,
well
thanks
sorry
about
that.
Okay!
So
no
comments
from
the
members
before
we
adjourn
with
that.
Our
next
assembly
meeting
will
be
thursday
february
11th
at
4
p.m,
and
this
will
conclude
our
meeting
for
today.
We're.