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From YouTube: 2/23/2023 - Assembly Committee on Revenue
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A
Us
present
and
with
respect
to
assembly,
woman,
Gallant,
Summers,
Armstrong
and
assemblyman
or
elector,
please
mark
them
present
when
they
arrive.
However,
they
may
not
get
here
before
we
conclude
our
meeting
this
evening,
so
each
of
them
would
be
excused
from
today's
meeting
with
that.
Thank
you.
I
would
like
to
welcome
our
audience
members
here
in
Carson
City,
as
well
as
those
that
may
be
watching
and
listening
over
the
internet.
If
you
have
not
already
done
so,
please
mute
your
electronic
devices.
A
With
that,
we
will
also
have
public
comment
at
the
end
of
the
meeting,
and
also
any
questions
that
are
are
asked
to
our
guest
from
goed
today,
please
feel
free
always
to
go
directly
to
our
assembly
member.
You
do
not
need
to
go
through
the
chair,
so
today
we
have
two
bills
on
our
agenda:
the
first
bill
that
will
be
heard
and
is
assembly
Bill
38,
which
revises
Provisions
relating
to
the
workforce
Innovations
for
a
new
Nevada
account.
The
second
bill
is
assembly,
Bill
41,
which
establishes
the
Nevada
Innovation
account.
C
Thank
you,
madam
chair
and
members
of
the
committee.
Thank
you
for
having
us
today.
My
name
is
Tom
Burns
I
am
the
director
of
the
governor's
office
of
Economic
Development,
we're
pleased
to
be
here
in
front
of
you
today
to
present
assembly,
Bill
38.
I'm,
going
to
ask
our
subject
matter:
expert
on
this
Stacy
Bostick,
director
of
Workforce
Development,
to
take
the
lead
on
this.
So
thank
you.
D
Thank
you
director
burns.
My
name
is
Stacy
Bostwick
for
the
record
I'm
chair,
Backus
and
members
of
the
assembly
committee
on
Revenue.
Thank
you
for
the
opportunity
to
testify
on
assembly
Bill
38..
We
have
several
colleagues
here
today,
deputy
director
Bob
Potts
Michelle
Lind,
director,
Administration
and
James
hum
our
director
of
public
policy
and
government
affairs.
D
I
wanted
to
briefly
give
you
a
little
bit
of
background
on
this
program.
I
know
we're
we're
adjusting
here
a
little
bit
because
our
room
wasn't
available
at
Grant
Sawyer.
Are
we
running
the
PowerPoint
from
Carson
City
or
should
I
pull
it
up
and
screen
share
from
here?
I.
D
Fantastic
I
just
can't
see
it
on
my
end.
Thank
you
so
much
so.
The
workforce
Innovations
for
new
Nevada
otherwise
known
as
the
win
fund,
was
established
in
the
2015
legislative
session
through
the
passage
of
ab1
and
is
managed
by
the
governor's
office
of
Economic
Development.
We
use
this
fund
to
address
the
business
needs
an
industry
as
they
relate
to
Workforce
Development,
and
in
doing
so
we
do
that
by
accelerating
the
creation,
customization
or
expansion
of
Workforce
training
programs.
D
All
of
those,
of
course,
with
the
intent
to
impart
the
skills
needed
by
employers,
we've
utilized
the
win
fund
to
catalyze
and
accelerate
new
Workforce
training
programs
to
develop
Talent
pipelines
for
new
and
growing
industry.
We're
laser
focused
on
that
particular
issue
and
the
opportunity
to
gain
the
skills
necessary
for
new
job
opportunities.
So,
although
our
acronym
is
not
exactly
aligned,
we
like
to
call
it
a
win-win
proposition.
D
The
the
next
slide
shows
you
kind
of
I,
guess
a
high
level
visual
of
the
work
that
we've
done
since
2016
goeds
board
and
Leadership
has
approved
over
13
million
dollars
in
Project
funding.
I'm
shaping
new
Workforce
training
options
that
have
had
over
60
employers
directly
connected
with
projects
to
date,
over
2000
nevadans
have
been
able
to
access,
and
this
is
probably
the
most
important
piece
is
23
new
or
expanded
training
programs
developed
to
meet
new
or
growing
demand,
High
School,
Highway
sector
jobs.
D
Our
Focus
has
predominantly
been
in
advanced
manufacturing,
Healthcare
technology,
Mining
and
Logistics
and
operations.
Education
providers
across
the
state
have
benefited
from
Investments
through
the
wind
fund,
including
universities,
community
colleges,
labor
organizations
and
private
post-secondary
schools.
D
Turning
to
the
bill,
this
is
pretty
straightforward.
It's
a
singular
amendment
that
adds
non-reversion
language
to
the
statute.
Goet
is
seeking
to
remove
the
reversion
requirement.
That's
an
existing
statute,
With
the
Wind
fund
to
enable
basically
appropriate
timelines
for
the
development
of
Workforce
training
programs
needed
by
industry,
giving
us
the
flexibility
to
be
responsive
and
the
time
it
takes
to
build
these
programs.
This
helps
our
agency
better,
align
and
respond
to
businesses
and
their
Workforce
needs
over
periods
that
will
endure
across
multiple
biennia.
D
Thank
you
so
much
for
your
time
and
for
listening
to
that
background.
We
welcome
any
questions
that
you
might
have.
E
D
Thank
you
for
the
question.
Assemblywoman
Anderson,
our
allocation
in
the
current
biennium
was
1.5
million,
and
at
this
time
we
only
have
about
two
hundred
thousand
dollars:
that's
unobligated
in
funds,
meaning
that
we
expect
these
programs
or
projects
that
we
have.
You
know
in
hand
right
now
to
spend
nearly
all
of
that.
D
E
Is
that
consistent
as
the
past
years,
as
well
since
again
I,
think
you've
said
that
this
has
been
in
existence
since
2015?
Has
this
been
the
consistent
funding
and
and
practice
of
the
of
the
department,
or
of
this
account
to
have
about
this
about
everything?
Thank
you.
D
Yeah,
thank
you
for
the
question.
Stacy
Bostwick
for
the
record.
We
have
I,
don't
know
the
exact
number,
so
I'd
be
happy
to
get
you
the
exact
number,
but
we
have
had
reversions
that
were
a
little
bit
larger.
D
We've
had
reversions
of
over
a
million
dollars
during
the
pandemic
that,
of
course,
it
was
a
very
challenging
time
to
to
build
Workforce
training
programs,
and
we
didn't
have
you
know:
in-person
training
happening
quite
a
bit,
so
there
there's
been
the
flexibility,
but
if
you
don't
mind
just
in
terms
of
the
response,
the
reason
that
we're
asking
for
the
non-reversion
and
oftentimes
why
reversion
happens
is
because
we're
not
able
to
deploy
those
dollars
so
the
that
basically
means
that
we
have
to
wait
until
our
hopeful
next
allocation
to
entertain
a
project
that
then
can
have
the
full
continuity
of
two
years
to
be
able
to
get
off
the
ground.
D
A
lot
of
Institutions
are
and
rightfully
so,
nervous
about
accepting
funds
for
short
period
of
time
when
the
actual
development
timeline
takes
much
longer
so
so
In
fairness
version
happens
in
the
case
of
the
wind
fund,
generally
speaking,
because
we
aren't
able
to
deploy
it
with
the
reversion
requirement.
F
D
Thank
you
again
for
the
question.
Stacy
Boston
for
the
record.
I
wasn't
around.
Unfortunately,
when
I
don't
have
that
historical
knowledge,
what
I
can
tell
you
for
context
is
that
they
used
existing
statute
because
it
was
a
special
session.
D
D
A
Thank
that,
thank
you.
Anyone
else
that
has
any
questions
for
the
presenter
assembly
menhaven.
G
I'm
sure
is
there
any
provisions
in
here
that
would
require,
before
this
These
funds
rolled
over
to
come
in
front
of
IFC
for
any
kind
of
approval
or
denial.
D
Thank
you
for
the
question
again.
This
is
Stacy
Bostwick
for
the
record.
There
is
nothing
in
the
provisions
currently
to
put
us
in
front
of
the
IFC.
Obviously,
changes
to
the
budget
bringing
money
in
or
or
special
agreements
like
we
have
with
the
Department
of
Employment
training
Rehabilitation.
So
if
we
do
a
partnership
or
Grant
agreement,
of
course
we're
going
to
end
up
with
the
IFC
in
terms
of
transparency
and
in
the
work
that
we
do,
we
do
submit
a
biennial
report,
so
that
does
come
through
to
the
legislature.
H
Thank
you,
chair
just
have
a
question
about
cap.
Is
there
anticipating
cap,
where,
after
the
fund
get
to
a
certain
amount
that
it
will,
you
know,
stop
accruing
and
then
go
back
to
the
general
fund,
because
I
I
don't
want
this
to
be
perceived
as
a
rainy
day
account
in
a
way
in?
In
terms
of
you
know,
this
particular
Department.
D
Thank
you.
That's
a
great
question.
Stacy
Foster
for
the
record,
so
historically,
the
wind
fund
typically
is
received
biennium
funding
of
less
than
eight
million
dollars
per
biennium,
and
the
vast
majority
of
that
gets
expended
within
the
biennium
I.
Think
in
terms
of
discussion,
we'd
be
open
to
a
cap,
but
it's
not
a
problem
that
we've
that
we've
run
into.
D
To
be
perfectly
honest,
the
the
reversion
issue
for
us
is
more
about
giving
us
the
time
and
continuity
to
build
particularly
larger
projects,
and
one
of
the
the
challenges
with
the
reversion
in
terms
of
spending
is
that
that
reversion
looks
at
dollars
spent
at
the
end
of
the
biennium.
So
we
can't
even
obligate
the
dollars
in
terms
of
an
agreement
or
a
contract.
That
says
we
understand
you're
going
to
need.
You
know,
18
months,
that's
going
to
cross
a
biennium
for
us
to
be
able
to
fund
this
project.
D
We
can't
even
obligate
the
money
in
that
way.
If
it's
not
spent
by
June
30,
it
goes,
It
goes
back
and
each
biennium
we
have
to
come
back
and
and
and
hope
and
and
with
the
generosity
of
the
legislature,
are
often
funded.
But
it's
difficult
for
us
to
provide
support
to
an
education
provider
on.
We
can
give
you
six
months
of
funding,
but
we
don't
know
what's
going
to
happen
after
that,
and
so
we
hope
we'll
have
funding.
We
anticipate
getting
funding.
D
We've
often
you
know
been
blessed
with
the
support
of
the
legislature,
but
that's
that's
no
guarantee.
So
that's
really
what
it's
about.
H
Yeah,
thank
you
for
the
answer.
Miss
boss,
which
so
I
think
that's
just
addressing
my
concern
that
eventually
that
if
we
could
look
at
putting
in
some
things
to
ensure
that
there's
some
guard
rail,
because
I
don't
want
to
open
a
can
of
worms
into
other
projects
across
the
board,
say
Hey!
You
give
them
that
how
come
we
can't
have
it
as
well!
H
So
I
want
to
ensure
that
we
put
some
guard
rails
so
that
it's
not
a
kind
of
a
automatic
that
we
can
set
a
precedent
that
it's
going
to
be
hard
for
us
to
kind
of
keep
up
with.
D
Yeah
for
the
record,
we
we
anticipate,
we
still
will
come
back
in
terms
of
funding,
so
we
actually
are
going
to
be
reporting
to
you
what
our
progress
is
and
what
our
obligations
are.
At
the
same
time,
we're
saying
do
we
or
don't
we
need
additional
funding
for
future
projects
and
following
plan
yeah.
A
Thank
you,
I,
don't
believe
we
have
any
further
questions
from
any
of
the
committee
members,
so
I,
thank
you
for
your
presentation
and
we
will
move
on
to
taking
testimony
in
support
of
a
simply
bill
38..
If
there's
anyone
that
wishes
to
testify
and
support.
Please
come
forward.
I
Good
afternoon,
chair
Backus,
thank
you
so
much
for
having
me
today
for
the
record.
My
name
is
Mary
Beth
Seewald
I'm,
the
president
and
CEO
of
the
Vegas
chamber.
As
the
largest
and
broadest-based
business
organization
in
Nevada,
the
Vegas
chamber
is
in
support
of
ab-38.
This
bill
will
provide
the
governor's
office
of
Economic
Development
with
additional
flexibility
and
support.
I
In
order
to
achieve
its
mission
statement,
the
chamber
believes
that,
by
allowing
unused
funds
to
carry
into
the
next
fiscal
year,
that
will
provide
goed
the
opportunity
to
further
support
new
Workforce
training
programs,
which
we
desperately
need.
The
reality
is
that
there
should
be
flexibility
within
the
system.
As
all
of
us
know,
each
the
needs
of
our
Workforce
are
constantly
changing
and
evolving
every
single
day.
Goed
needs
these
types
of
financial
tools
to
be
flexible
and
Nimble
in
order
to
be
competitive
and
to
meet
the
needs
of
our
ever-growing
and
ever-changing
War
Workforce.
I
A
J
Care
there
are
no
callers
wishing
to
provide
testimony
at
this
time.
K
Adam
chair:
yes,
if
I
may
I'm
I'm,
obviously
not
not
James
Jimmy,
but
I
I
am
at
Grant
Sawyer
in
in
Las
Vegas
and
everything
got
moved
to
I'm
here
to
testify
and
support.
A
Oh
fantastic,
thank
you!
So
much
for
being
accommodating
I
know
we
had
to
change
rooms
around
so
with
that
please
feel
free,
since
we
are
now
we'll
turn
it
to
Las,
Vegas
and
I.
Don't
know
if
you
have
anyone
there
with
you,
but
if
anyone
else
as
well
as
you
may
go
ahead
and
give
testimony
and
support.
Thank
you
so
much
for
letting
us
know.
A
K
You
chair,
my
name
is
Amber
Stidham
s-t-I-d-h-a-m
with
the
Las
Vegas
global
economic
Alliance.
We
like
to
testify
in
support
of
ab-38,
and
we
agree
as
a
state
designated
Regional
Development
Authority
for
the
greater
Las
Vegas.
We
know
very
well
about
the
importance
of
Workforce
investments
in
Workforce
Development
and,
as
has
already
been
discussed,
I
think
resolving
the
technical
piece
and
the
ability
to
to
properly
deploy
funds
to
support
Workforce
Development
is
something
that
we
would
strongly
encourage
or
support
of.
So
for
that
reason,
we're
we're
here
in
support
and
there's
nobody
else.
A
A
A
Thank
you
so
much
BPS.
Next,
we
will
finally
move
to
those
who
are
in
the
neutral.
Is
there
anyone
in
Carson
City
who
wishes
to
give
testimony
in
the
neutral
to
assembly
bill
38.?
A
A
C
Thank
you,
madam
chair
Tom,
Burns
for
the
record.
Thank
you
very
much
for
the
time
for
allowing
us
to
present
today,
assembly
and
Gwen
we're
happy
to
work
with
you
on
your
suggestion.
I
I
understand
the
spirit
of
what
you're
looking
at
and
certainly
agree
with,
where
you're
coming
from.
So
we
will
reach
out
to
you
and
and
find
some
ground
on
that
thing.
So
with
that
we're
done.
Madam
chair.
A
Thank
you
so
much
so
we
will
officially
close
the
hearing
on
assembly
Bill
38
and
next
we
will
move
to
assembly
Bill
41.
So
we
will
open
the
hearing
on
that
and
so
I
assume
someone
in
the
front
will
be
making
comments
or
Mr
hum
via
Zoom.
So
whenever
you
guys
are
ready,
please
proceed.
C
Madam,
chair
Tom,
Burns,
director
of
goed
I'm
here
or
we
are
here
to
present
assembly
Bill
41.,
we're.
M
Thank
you,
chairman
backers
and
members
of
the
assembly
committee
on
Revenue.
Thank
you
for
this
opportunity
to
testify
in
support
of
ab41.
For
the
record,
my
name
is
Carson
Heist
and
I'm.
The
senior
director
for
strategic
programs
and
Innovation
for
goet
I
would
like
to
give
you
first
a
brief
background.
Why
this
bill
is
needed
and
why
it
matters
to
Nevada
I
will
then
highlight
the
components
of
the
bill
and
highlight
the
goals.
M
The
goals
here
at
ab41
is
to
strengthen
the
formation
and
growth
of
technology-based
small
businesses
in
our
state,
and
particularly
those
which
are
being
formed
or
have
been
formed
recently.
Survey.
Young
companies,
in
other
words,
Nevada
startups
early
stage,
high
growth
and
highly
scalable
small
businesses,
will
be
the
beneficiaries
of
this
bill.
M
Let
me
give
you
two
quotes
to
set
up
the
explanation
of
the
rationale
even
further
Steve
blank,
the
grandfather
of
Lean
Startup
movement
states,
that
quote
a
startup,
is
a
temporary.
It's
important
temporary
organization
form
to
search
for
repeatable
and
scalable
business
model.
End
quote:
Brad
Feld,
author
of
the
startup
Community
Way,
adds
quote
this
temporary
phase
tests
and
validates
a
business
model
before
shift
in
strategy
to
achieve
High
rates
of
growth
in
market
share,
which
is
basically
scaling
up
or,
conversely,
failing
and
seizing
operations.
M
End
quote
so
because
of
this
stage
in
that
development,
these
companies,
these
very
small
companies,
have
very
limited
resources
and
are
therefore
crucially
dependent
on
any
external
environment
in
order
to
secure
those
resources
which
are
essential
to
their
business,
but
simultaneously
are
out
of
that
Direct
Control.
So
these
resources
are
not
within
the
company
they're
getting
those
con.
Those
resources
from
outside
you
often
hear
the
term
entrepreneurial
or
startup
ecosystem.
M
Hence,
in
order
to
strengthen
startups,
we
need
to
strengthen
the
environment
in
which
they
operate,
and
that
is
addressing
weaknesses
in
their
support
structures
that
we
find.
If
you're
unlucky,
to
have
those
weaknesses,
then
we
need
to
address
them.
There
are
no
weaknesses,
then
you
know
we
can
move
further
ahead.
M
So
this
is
really
the
rationale
of
this
bill
with
ab41.
We
are
targeting
gaps
in
these
essential
support
structures
with
dedicated
programs
to
fill
those
shortcomings
and
as
a
side
benefit,
we
will
also
be
able
to
align
or
catch
up
with
other
states
where
such
programs
have
been
in
operation
for
a
much
longer
period
of
time
and
I.
Think
on
your
on
your
screen,
you
should
you
should
see
two
slides,
they're,
basically
identical
and
I
try
to
depict
what
I'm
talking
about
graphically
I
know
it
might
be
overwhelming.
M
But
let
me
let
me
take
you
through
it.
Just
just
look
at
it
at
the
at
that
picture,
so
slide.
Six,
which
is
the
one
you're
currently
looking
at,
shows
six
incremental
stages
of
young
technology-based
companies
and
their
progression
from
very
early
stage
right
through
to
to
scale
up.
That's
what
I
was
talking
about
this
temporary.
M
So
the
the
different
stages
really
stress
this,
this
temporary
nature,
and
it
also
identifies
the
slide
The
crucial
gaps
in
the
support
fabric
that
unfortunately
exists
today
and
those
are
basically
around
circles,
so
they're,
basically
three,
three
gaps
that
we
are
highlighting
here
and
one
gap
which
the
bill
addressed
is
sort
of
cutting
across.
M
So
we
didn't
want
to
overwhelm
that
slide,
so
the
next
slide
is
basically
The
Identical
slide,
and
it
shows
exactly
the
positions
where
we
are
superimposing
the
proposed
remedies
addressing
those
respective
gaps
that
we,
you
know
in
the
in
the
previous
slide
highlighted
and
those
four
remedies
are
really
the
core
of
ab41.
M
So
now
let
me
please
allow
me
to
to
take
you
through
the
main
sections
of
the
bill,
and
these
are
just
you
know
what
we
believe
are
the
main
sections
so
I'm,
not
taking
you
through
the
entire
bill.
M
Section
two
sets
out
to
define
the
terminologies
used
in
the
build,
so
that's
fairly
straightforward
section:
3.4
allows
for
gifts,
ground
donation
and
federal
allocation
to
be
deposited
into
the
hopefully
to
be
created,
Nevada
Innovation
account,
and
that
really
means
that,
with
that,
with
that
section,
we
would
have
a
vehicle
in
place
that
can
actively
seek
Federal
grounds
comprising
technology
startups
and
development
of
entrepreneurial
ecosystems
objectives.
M
A
recent
example
would
be
the
National
Science
foundation's
released
an
RPM
major
program
which
is
called
Regional
Innovation
engines.
Had
we
gotten,
you
know
this
in
place.
We
would
have
been
able
to
to
go
after
that
money
to
go
at
you
know
to
to
to
lead
this
section.
4
allows
for
utilization
of
goites,
non-profit
cooperation,
which
is
a
Corporation
for
Public
benefit.
M
This
would
be
the
the
entity
that
would
operate
most
of
those
components
of
of
this
bill
and
that
would
be
Nevada
battleborn
growth,
escalator
Inc,
that's
the
name
of
the
corporation,
which
was
created
by
you,
the
legislator,
in
2015,
through
ab17,
and
if
you
were
here
yesterday
doing
the
our
budget
hearing,
you
would
have
thought
me
saying
that
this
is
the
operation.
M
M
High
growth
companies
in
Nevada
to
developing,
to
develop
Technologies
with
strong
Market
potential
and
addressing
Market
gaps
in
our
in
our
state
and
importantly
here
is
these
are
eligible
companies
that
are
very
small,
so
only
those
companies
that
do
not
have
more
than
2
million
in
Combined
financing,
ground
funding
or
Revenue
within
the
three
years
immediately
preceding
the
application
to
a
competitive
grant
program.
So
very
small
companies.
In
addition,
they
must
not
have
more
than
10
full-time
equivalent
employees.
M
M
So
here
we
are
using
the
widely
used
technology,
Readiness
level
scale
that
was
originally
developed
by
Ben
NASA
and
there's
an
abbreviation
for
which
is
til.
So
technology
Readiness
level
eligible
companies
would
be
for
three
to
five.
Just
to
illustrate
technology.
Readiness
level
three
constitutes
an
experimental
proof
of
concept
stage:
technology
rightness,
Readiness
level
four
would
constitute
technology
validated
in
a
laboratory
and
Technology
are
in
this
Readiness
level.
M
Five
would
be
a
technology
that
is
validated
in
a
relevant
environment,
so
this
would
be
that
three
to
five
level
that
would
be
eligible
for
companies
to
apply
for
a
competitive
grant
program.
Under
this
bill,
section
5.1
B
allows
for
the
establishing
establishment
of
a
small
business.
Innovation
research
matching
program,
small
business,
Innovation,
research
or
short
sbir-
is
often
called
America's
seed
fund,
and
that
would
be
a
matching
program
that
would
really
amplify
this
highly
successful
Federal
program
and
such
programs
exist
in
many
other
states.
M
M
The
proposed
program
here
under
this
bill
would
match
the
sbir
phase
one
and
that
would
be
Awards
or
grand
Awards
or
contracts,
depending
on
the
federal
agency
that
that
is
involved
in
in
in
in
the
sbir,
which
is
by
the
way
administered
by
the
SBA,
and
we
would
then
match
up
to
a
hundred
thousand
dollars
per
per
award
or
per
contract,
and
it
would
also
be
a
link
to
the
to
the
success
of
of
that
phase.
So
it
would
be
in
two
stages,
so
the
subsequent
stage
would
only
be
awarded.
M
If
you
know
the
company
shows
progress.
Section
5.1
C
allows
for
the
systematic
support
of
support
organizations
that
are
operating
accelerators
and
incubators
in
the
state.
Currently,
you
may
have
seen
our
press
releases
now
aware
that
sspci
under
under
the
broader
concept
of
the
sap
Venture
Capital
program
going
to
go.
It
is
supporting
through
its
nonprofit
startup
NV
and
generators
accelerators,
but
this
bill
would
provide
a
more
systematic
mechanism,
a
much
broader
scope
to
support
such
organizations.
M
Finally,
section
5.1
D
allows
for
the
creation
of
an
internship
program
for
manchi
students
in
the
fields
of
computer
science,
business
engineering
or
science,
so
really
stem
fields,
and
the
intent
here
is
to
build
upon
go
where
it's
recently
launched
Talent
retention
program
for
UNLV
and
and
UNR.
So
again,
this
is
broadening
it
where,
through
our
program,
students
are
supported
by
the
Attorney
General's
office
settlement
funds
through
goed,
and
this
program
is
running
for
three
years.
N
M
Thank
you
for
the
question.
This
is
customizer
for
the
record
yeah.
That
is
correct,
so
we
have
presented
this
to
the
internal
finance
committee
earlier
this
last
year,
that
was,
and
with
the
spring
semester,
UNR
and
UNLV
are
starting
to
recruit
students
for
this
internship
program.
This
is
a
very
specific
for
minorities
and
or
women
students.
M
In
again
those
stem
fields
from
those
two
universities
we
place
with
technology
companies
and
and
startups
in
internships,
we
called
actually
a
talent
retention
program.
So
the
objective
there
is
that
this
Talent,
these
graduates
are
not
leaving
the
state
after
graduation,
we
are
paying
with
those
funds
18
an
hour.
M
N
N
Is
that
so
is
that
purposefully
aggregate
data,
because
there's
no
information
in
the
report?
That's
coming
to
the
legislature
about
the
actual
businesses
you
know
which
businesses
these
are
just
some
information
about
them
in
general,.
M
Thank
you
for
the
questions
for
the
record.
The
it
would
depend
on
the
program,
that's
being
that's
been
operated,
so
I
would
expect
that
we
would
report
on
the
you
know
within,
say
the
the
competitive
research
and
development
grant
program
that
we
would
report
on
those
businesses
what
they
are
and
which
Technologies
they
they
they.
M
They
were
awarded
that
that
that
Grant,
the
same
would
hold
true
for
the
SBR
matching
program,
and
so
this
is
fairly
General,
because
we
have,
on
the
one
hand,
very
specific
support
for
businesses.
On
the
other
hand,
we
have
programs
that
are
operated
that
support
the
operation
of
of
incubators
and
accelerators
or
the
talent
internship
program.
So
if
you
would
require
that,
obviously
that
you
know
we
were
happy
to
accommodate
that
and
to
Define
that
that
language,
more
precisely,
okay,.
O
Thank
you
chair
and
thank
you
as
a
non-profit,
founder,
I
appreciated
this
reading
sections
five
and
section
6
just
made
me
want
to
know
what
type
of
businesses
right
now
are
asking
this,
and
are
we
focusing
on
a
grow
your
own?
Are
we
trying
to
get
out
of
state
and
just
what
are?
What
are
you
all
thinking
about
that.
M
O
Chair
can
I
answer
it.
Yes,
thank
you,
chair
I.
What
I'm
wondering
in
general
is
that,
if
we're
going
to
have
this
program
here,
that's
going
to
give
money
to
people,
are
we
focusing
on
making
sure
that
they're
tech
companies
that
are
already
here
that
we're
growing
and
expanding?
Are
we
looking
out
of
state
I'm
just
trying
to
answer
that.
M
Yeah,
thank
you.
Thank
you
for
clarifying
us.
I,
really
appreciate
it.
I
want
to
give
you
a
proper
answer,
customize
it
for
the
record.
Yes,
absolutely
it
has
to
be
Nevada
companies.
They
have
to
be
here
either
mufia
and
at
that
time,
at
at
the
point
of
application,
you
know
have
a
business
address
here.
Have
a
business
license
here.
We
will
certainly
not
use
this
as
a
as
an
attraction
tool.
M
These
companies
have
to
be
here
and
to
your
to
your
other
question.
Yes,
absolutely
these
have
to
be
technology.
You
know
heavy
technology
focused
small
businesses.
H
Thank
you,
madam
chair
I
have
a
question
on
section
two
I
think
on
number
five:
it's
indicated
research
universities,
you
know,
which
is
naming
UNLV
and
UNR,
were
their
thoughts
on
any
other
system,
Nevada
system
of
higher
ed
institution
that
want
to
participate-
or
this
is
exclusively
just
for
these
two
School
institutions,
with
the
United
States.
M
M
We
were
saying
we
we
encourage,
we
would
have,
you
know,
have
eligible
companies
for
the
research
and
development
competitive
grant
program
either
the
company
comes
directly
and
applies
to
the
program
or
we
are
encouraging
collaboration
between
the
research
universities,
as
defined
here
plus
the
bastard
as
a
research
institute
and
those
companies.
So
this
is
just
a
definition.
H
May
I
follow
up
chair
so
what
if
Nevada
State
College
want
to
participate?
What,
if
College
of
Southern,
Nevada
and
other
community
colleges
want
to
participate
in
this?
Are
they
excluding
from
it
or
how
does
that
work.
M
In
fact,
that's
a
fair
points
if
that
question
is
customizer
for
the
record,
so
the
answer
to
that
is
yes,
there
would
be
excluded.
Why
that
would
be
excluded
is
because
we
are
talking
deep
technology
here.
So
it's
really
research
and
development.
Ground
they're,
not
certainly
not
excluded
from
the
component
that
we
have.
You
know
for
the
internship
program
or
the
other
components
say
of
a
you
know,
Nevada
or
Nevada
State
College
would
run
in
incinerator
or
an
incubator
program
certainly
not
excluded.
We
are
talking
about.
M
These
are
startups
deep,
Tech,
deep
technology.
The
likelihood
that
a
deep
Tech
startup
works
with
with
Nevada
State,
College
or
with
a
community
coach
is
is
very
low.
We
are
talking
really
here
to,
as
I
said
on
the
technology
Readiness
level
to
get
this
up
that
scale
up
this
company
to
the
next
phase.
So
it's
it's
deep
Tech
and
these
are
research
institutions.
H
Okay,
one
one
quick
follow-up
chair,
thank
you,
and
so
that
leads
me
to
the
next
point
on
section
three
on
numbers
on
number
six:
it's
list
potential
partners
for
implementation
of
strategy
and
it
listed
a
lot
of
the
government
entity
and
the
non-profit
in
the
chamber.
But
then
it
leaves
out
higher
ed.
Was
that
intentional?
Or
that's
something
that
we
can
add
back
in.
H
Six
bullets
and
I'm
I'm
kind
of
looking
at
number
six
to
see
if
you
are
excluding
higher
education
for
a
reason
in
terms
of
the
strategy,
or
that
was
just
designed
that
way.
M
H
Yes,
chair
I
think
I
was
looking
at
my
folder
and
not
on
the
text
of
the
bills.
So
one
moment,
if
you
look
on
the
bill,
it
would
be.
A
A
The
research
marketing
funds
I
believe
you
had
referred
to
North
Carolina,
had
done
this
starting
back
to
2005
and
I.
Wasn't
I
was
going
to
ask
in
various
ways,
but
did
you
ever
get
like
a
sort
of
measurement
of
the
excess
that
North
Carolina
had
with
respect
to
investing
in
the
research
marketing
funds
like
if
there
was
any
whatever
measure
of
success
that
you
may
know,
if
I
wasn't
sure
if
it
was
like
number
of
businesses
or
financial
benefit.
M
Yeah
this
customizable
record,
that's
an
excellent
question.
I
would
need
to
come
back
to
you
on
this,
but
the
way,
the
reason
why
I'm
raising
North
Carolina
here
is,
it
is
being
the
one
of
the
most
successful
sbir
matching
programs
in
the
nation
and
it
publishes
those
those
results
and
I.
We
can.
We
can
pull
that
and
get
that
to
you.
E
Thank
you
for
the
presentation
and
I
did
have
a
similar
question
about.
Why
is
the
Community
College
not
mentioned
specifically
or
not
being
able
to
be
part
of
that
or
Tri
when
you
first
mentioned
it
under
section
two,
but
then
I
noticed
it
was
in
the
bill
later.
E
My
question
actually
has
a
little
bit
more
to
go
along
with
the
question
from
my
colleague
from
Clark
from
earlier
that
you
list
a
large
amount
of
things
they're
supposed
to
be
on
this
report.
It's
on
page
six
line,
six
through
23
of
sections
of
section
six,
but
yet
one
thing
I,
don't
see
clearly
stated,
is
whether
or
not
the
needs
of
the
of
the
industry.
E
That
was
the
gap
or
I
really
like
the
Valley
of
Death
that
you
used
on
the
on
the
graph
if
those
were
actually
met
or
not
The
Matrix
of
it,
and
it's
really
easy
for
you
to
report
to
us:
hey,
there's
26
new
people
that
came
into
this
profession,
but
we're
not
going
to
know
if
they
needed
326..
So
that
clarification
is
that
part
of
the
plan
for
this
report,
or
that
was
an
element
that
I
kind
of
saw
as
problematic
and
then
also
as
a
secondary
piece.
E
That's
not
at
all
related
to
this
part,
but
a
little
bit
is
on
page
four
line.
Seven
of
section
five
I
just
want
to
verify
this
will
not
overlap
or
duplicate
any
other
programs
that
are
taking
place
in
in
the
state
funded
programs,
including
those
that
are
done
by
goed
and
other
industry
entities
that
are
in
our
state
just
wanted
to
verify
that
that
information
was
accurate.
M
This
customizable
for
the
record.
Let
me
take
you
your
last
question.
First,
yes,
absolutely
I
mean
the
intent,
as
is
really
to
fill
gaps,
to
address
gaps
that
we
have.
The
intent
is
not
to
duplicate
I.
Wouldn't
you
know
the
universities,
as
well
as
the
community
cultures,
have
existing
internship
programs,
so
this
wouldn't
be
duplicatable
to
strengthen
them,
so
you
would
still,
rather
than
standing
up
a
new
program
like
we
did.
M
We
could
take
a
similar
approach,
like
we
did
with
the
talent
retention
program
that
I
that
I
mentioned
with
the
attorney
general
funds
that
we
are
that
we
are
utilizing.
So
that
would
mean
here
we
are,
you
know,
we're
working,
you
know
with
with
basically
using
existing
infrastructure
and
and
operations,
and
we
would
strengthen
that,
but
I
wouldn't
put
this
in
a
category
of
duplication
but
strengthening
and
then
certainly
yes,
this
is
not
intended
to
duplicate.
We
really
have
those
gaps.
We
do
not
have
an
SPI
matching
program.
M
We
have
a
an
effort
funded
through
the
knowledge
fund,
which
I
call
phase
zero,
that
is
to
apply
for
an
sbir
Phase
1,
one
Grant
or
contract.
So
this
would
neatly
tie
in
and
be
then
subsequent
you
know
to
really
accelerate
and
amplify
that
once
it's
won,
so
this
is
intend
to
be
additive,
so
that
will
be
that
response
on
the
I
forgot,
the
first
one
you
had.
M
Yeah
I
know,
thank
you,
it's
not
for
the
record.
Thank
you
for
for
reminding
me
what
the
question
was.
Yes,
the
if
you
look
at
the
research
and
development
Grant
competitive
program
of
the
SBI
matching
program,
once
we
the
the
intent
really
sort
of
it's
hidden
in
the
when
it's
when
the
bill
refers
to
that
those
programs
are
being
created.
So
it's
sort
of
in
the
creation
of
those
programs
that
we
you
know
we
require
that
those
you
know
gaps
have
to
exist.
We
have
to
again
Define
them.
M
We
have
to
tie
it
back
to
the
to
the
state
plan
what
Focus
Industries
we
have.
So
it's
for
the
operation
of
of
the
program
and
then,
as
part
of
that,
then
we
would
report
on
that.
E
So
so,
just
oh
I'm,
so
sorry
chair
and
thank
you
thank
you
for
the
follow-up.
So
just
to
verify
first
is
going
to
be
the
identification
is
Ground
Zero.
Then
we
go
through
the
valley
of
death
figure
out
what
that
is
exactly
and
then
you
go
to
university.
Nevada,
Las,
Vegas
and
you
say:
there's
the
issue
get
some
interns
together
and
then
you're
going
to
report.
That
back
is
if
I'm
understanding
that
in
the
most
Cliff
notie
sparknoty
version
a
possible
of
this
idea
is
that
accurate.
M
This
customizable
record,
yes
by
and
large
it
is
because
what
you're
pointing
towards
is
a
Continuum
as
well.
So
all
these
individual,
you
know,
programs
that
we
are
creating
here,
shouldn't
be
regarded
in
isolation.
What
you're
trying
to
take
through
them
is,
you
know,
you've
identified
where
the
value
of
death
is
and
well.
We
know
where
it
is,
but
you
know
for
each
individual
company.
You
know
it's,
you
know
it's.
M
You
have
different
requirements
to
you
know
to
to
to
address
mitigate
those
challenges,
so
you're
you're,
basically
trying
to
cover
the
entire
Continuum
with
specific
programs.
So
so,
yes,
in
a
nutshell,
you
have
Continuum
here.
H
Thank
you,
madam
chair,
so
I
think
it
was
my
error
that
I
was
reading
a
photo
of
information
that
contained
a
curtain,
language
of
the
existing
law,
so
so
apologize
to
our
presenters
for
that
I
think
it
just
want
I
just
want
to
make
sure
that
it
relates
to
my
previous
point
of
ensuring
that
not
just
a
research
institution
is
the
only
well
are
the
only
ones
that
can
participate,
but
we
should
open
it
up
to
all
higher
education
institution
to
be
able
to
participate,
maybe
not
now,
because
the
capacity
is
not
there
but
we'll
leave
it.
H
Leave
the
language
open
so
that
all
higher
education
institution
can
participate
because
Innovation
and
technology
is
pretty
much
the
future,
and
we
should
just
not
limit
it
to
just
research
University
by
itself,
and
that
was
just
my
intention
there.
Let's.
A
I
Thanks
so
much
and
good
afternoon,
chair
back
us
for
the
record
Mary
Beth
seawald,
president
and
CEO
of
the
Vegas
chamber,
the
chamber
has
a
long
history
of
supporting
these
types
of
Economic
Development
initiatives
since
the
creation
of
goed
in
2013..
This
program
will
be
another
useful
tool
to
the
governor's
office
of
economic
development
in
its
mission
to
strengthen
and
diversify
Nevada's
economy.
As
an
organization
that
is
focused
especially
on
small
employers
and
entrepreneurs,
the
Vegas
chamber
believes
that
the
Nevada
Innovation
fund
will
be
essential
in
strengthening
and
growing
technology-based
businesses
and
small
businesses.
I
Especially
this
fund
will
encourage
small
employers
and
entrepreneurs
in
emerging
Technologies,
while
cultivating
collaboration
between
our
public
research,
universities
and
the
private
sector.
We
believe
this
fund
will
be
a
good
investment
and
help
tap
emerging,
Technologies
and
talent
within
our
state.
Thank
you
so
much
for
your
time
and
consideration
of
investing
in
Nevada's,
small
employers
and
entrepreneurs.
Thank
you.
P
Hello,
Heather
Brown
for
the
record.
I
am
a
newly
elected
Regent,
but
today
I
am
wearing
a
different
hat
as
president
and
co-founder
of
an
organization
called
startup
Vegas.
Our
organization
is
dedicated
to
expanding
the
technology
ecosystem
in
southern
Nevada
by
fostering
a
supportive
and
collaborative
environment
for
Tech
Founders,
and
so
they
can
grow
their
companies
and
grow
it
as
individuals.
P
So
the
four
main
components
of
this
bill
are
essential
to
the
Highlight
to
our
ecosystem,
but
I
want
to
highlight
the
talent
retention
program.
Last
fall.
We
were
honored
that
goed
was
interested
in
the
idea
of
creating
a
talent
retention
program
and,
as
discussed
during
the
presentation,
this
program
is
currently
being
housed
at
UNLV
and
UNR,
and
the
initial
investment
gives
both
institutions
a
three-year
run,
to
do
paid
internships
for
students
in
engineering
and
science
so
from
an
ecosystem.
Builder.
P
The
impact
of
paid
internships
for
students
in
Nevada
has
the
potential
to
not
only
give
them
real
world
experience,
but
also
helps
grow.
Our
Nevada
companies
and
the
best
part
is
they're
getting
nevada-based
experience,
and
so
the
hope
is
that
they
then
stay
after
graduation.
You
know
Workforce,
Development
and
building
Workforce
pipelines
are
all
buzzwords
that
we
really
know
well,
but
this
bill
has
an
opportunity
to
do
that
by
highlighting
job
opportunities
in
Nevada
and
creating
a
new
high-paying
in-demand
sustainable
jobs.
P
Historically,
we've
lost
a
lot
of
of
our
stem
graduates
to
Opportunities
outside
of
Nevada.
So
if
I
could
wear
my
Regent
hat
for
just
a
minute,
I
would
love
to
see
students
who
graduate
from
our
NG
institutions
actually
stay
and
help
grow
our
economy,
especially
in
these
economically
diverse
sectors.
So
going
back
to
Startup
Vegas,
we
are
committed
to
helping
Founders,
create
success
and
create
a
vibrant,
Tech
landscape
in
Nevada,
and
this
bill
has
key
components
that
we
need.
P
L
Chair
Backus
and
members
of
the
committee
Kanani
Espinoza
with
the
Roe
Law
Group
today
on
behalf
of
UNLV
and
Nevada
State
College.
First,
some
remarks
by
UNLV.
We
appreciate
legislation
that
focuses
on
Talent
retention,
specifically
in
the
areas
of
stem.
The
UNLV
engineering
program
is
a
beneficiary
of
this
investment.
We
appreciate
goed
and
other
stakeholders
focusing
State
resources
to
progress,
Tech
transfer
and
talent
retention
and
on
a
Nevada
state
side
we
support
in
the
acceleration
and
internship
component
of
the
Bill.
Thank
you.
Q
Foreign,
thank
you,
madam
chair
and
members
of
the
committee
for
the
record.
My
name
is
Austin
Brown,
b-r-o-w-n
and
I'm
here
on
behalf
of
the
University
of
Nevada
Reno.
Today,
I
would
like
to
express
the
support
from
the
University
for
ab41.
This
would
provide
Strategic
investment
in
the
future
of
our
state
and
our
NG
institutions,
keeping
our
students
here
in
the
state
of
Nevada,
on
behalf
of
the
University
we'd
like
to
thank
you
all
for
considering
your
bill,
considering
this
bill
and
taking
the
time.
Thank
you
for
your
time
and
go
pack.
A
Thank
you
so
much
and
I
don't
think
we
have
anyone
in
Las
Vegas
any
longer.
So
let's
go
to
BPS
BPS.
Is
there
anyone
on
the
phone
that
wishes
to
give
testimony
and
support
of
assembly
bill
41.
R
S
Thank
you.
Thank
you,
chair
Bacchus
and
committee
members.
My
name
is
Jeff
sailing
s-a-l-I-n-g,
co-founder
and
executive
director
of
startup
MV,
the
Statewide
nonprofit
startup
incubator
and
accelerator,
with
programs
in
Las
Vegas
Reno
and
in
rural
Nevada
We've,
also
organized
four
for-profit
investment
programs.
These
investment
programs
provide
privately
raised
Venture
Capital
to
the
companies
participating
in
startup
mv's
program
and
I'm.
Also
the
president
of
Sierra
Angels,
one
of
the
older
Angel
groups
in
the
U.S
out
of
Incline
Village
and
I
teach
engineering,
461,
high-tech
entrepreneurship
at
UNR
during
the
fall
semesters.
S
Startup
nv's
mission
is
to
grow
a
vibrant,
inclusive,
startup
ecosystem
in
Nevada
as
a
means
of
diversifying
our
economy
and
creating
exciting
economic
opportunities
for
all
nevadans.
The
startup
MV
nonprofit
is
funded
by
a
combination
of
Grants
and
any
profit
made
from
the
related
private
funded.
Investing
activities
is
donated
back
to
the
nonprofit
to
further
fund
our
program
and
hopefully
create
a
foundation
that
will
last
many
decades
in
support
of
our
startup
ecosystem
and
I.
S
Provide
this
background
so
you'll
understand
my
personal
and
professional
level
of
involvement,
understanding
and
commitment
to
developing
a
startup
ecosystem
in
Nevada.
That
will
be
the
Envy
pardon,
the
pun
of
other
states
in
the
union,
I'm
testifying
in
favor
of
ab441.
It
provides
important
infrastructure
to
support
our
startup
ecosystem.
If
ab41
is
approved
and
implemented,
it
will
create
the
ability
for
Nevada
to
get
to
parity
with
other
states
that
operate
similar
programs
in
their
states.
S
As
somebody
who
spends
nearly
all
of
my
waking
hours
every
moment
of
them
in
pursuit
of
the
goal
or
the
dream
of
having
my
home
state,
our
home
state
be
a
Haven
of
Entrepreneurship,
technological
advancements
and
creativity.
It's
been
frustrating
to
not
have
the
kinds
of
institutional
sports
that
are
contemplated
by
ab-41
and
while
ab41
doesn't
fund
all
the
programs,
it
establishes
it's
a
very
thoughtful
strong
picture
into
which
both
human
effort
and
funding
will
fit.
As
those
discussions
occur
and
the
funding
is
developed.
Thank
you
for
your
consideration.
A
T
Great
good
afternoon,
my
name
is
Quentin
Singleton
for
the
record
I'm
founder
and
principal
of
zero
Labs,
a
Nevada
private
based
accelerator
and
incubator,
where
we
focus
on
accelerating
incubating
the
nevada-based
companies
where
we
are
building
new
products
technology
and
launching
startups
that,
in
particular,
support
Nevada's
Industries
I'm.
Here
today,
telephonically
with
my
colleague
Ryan
Rubio,
to
testify
in
support
of
ab41.
T
We
found
in
our
experience
that
building
a
successful
ecosystem
of
entrepreneurs
startups
and
Innovation
really
begins
with
a
broad-based
system
of
support
from
the
state.
With
this
in
mind,
we
believe
that
ab41
will
be
a
significant
tool
for
the
state
and
go
Ed
to
continue
its
efforts
in
supporting
Innovation
and
startups
in
Nevada
to
keep
it
brief,
and
in
closing
we
reiterate
our
support
for
ab
441,
the
efforts
of
the
office
of
Economic,
Development
and
Mr
Burns
and.
U
T
V
Great
thank
you
appreciate
everyone's
time.
This
is
Jared
Byer
I'm,
managing
director
of
generators,
investment
accelerator
in
Reno
last
name
is
Byer
for
the
record.
V
I
would
like
to
offer
my
support
in
favor
of
ab41,
we've
been
a
partner
of
go
Ed
and
has
seen
the
incredible
work
that
they
are
doing
and
I'll
keep
this
short
and
sweet.
But
these
four
main
points
are
going
to
help
us
in
Nevada
stay
extremely
competitive
as
we
grow
our
entrepreneurial
ecosystem,
and
we
believe
that
it
should
be
passed.
U
Thank
you
good
evening,
chairman
committee,
for
the
record.
My
name
is
Joshua
Levitt
and
that's
spelled
j-o-s-h-u-a
last
name
is
l-e-a
believe
in
Victor,
ITT
and
I'm,
the
founder
of
a
few
startups
and
a
and
Tech
alley,
which
is
a
non-profit
that
brings
the
tech
and
startup
communities
together
in
Vegas
and
in
in
Reno,
but
for
this
I
am
speaking
on
behalf
of
myself
as
a
storm
advocate
for
entrepreneurism,
I
am
honored
to
provide
my
testimony
of
support
for
av-41
and
the
importance
of
entrepreneurism
in
the
in
our
society.
U
Entrepreneurism
plays
a
critical
part
in
the
growth
and
development
of
our
economy,
cruising
jobs,
driving
Innovation
and
fostering
competition.
During
the
2021
legislative
session,
I
wrote
an
op-ed
in
the
Nevada
independent
titled.
Lawmakers
must
continue.
Nevada's
promise
of
entrepreneurism
wherein
I
focused
a
bit
on
the
fourth
objective
of
the
2012
moving
Nevada
forward
economic
development
plan.
That
objective
was
to
catalyze
innovation
in
for
in
emerging
Industries
and
included
the
development
of
Statewide
Innovation
and
commercialization
structures.
U
Increasing
industry
collaboration
with
the
universities,
PRI
and
building
a
support
structure
for
entrepreneurism
I
wrote
in
the
article
at
the
time
that
Nevada
three
research
institutions
had
received
32.5
million
from
the
knowledge
fund,
resulting
in
39.8
million
generated
in
sponsored
research
contracts,
35.2
million
in
Grants
and
donations
and
1.2
million
in
commercialization
Revenue.
Additionally,
17
companies
and
573
jobs
were
created,
38
companies
were
relocated
to
Nevada
and
67
patents
have
been
filed.
You
know
also
reported
that
you.
U
Had
the
creation
of
eight
spin-off
companies
and
over
490
jobs,
when
looking
at
a
platform
called
deal
room,
you
can
see
in
2011
that
Vegas
started
the
skills
scale.
Ups
had
an
Enterprise
value
of
1.6
billion
dollars
and
in
2023
that
Enterprise
Value
skyrocketed
to
41
billion
dollars.
The
big
leap
was,
you
know,
between
20
and
20,
2019
and
2020,
which,
which
you
know
we
can,
we
can
assume,
was
the
result
of
started
through
relocating
to
Nevada
during
the
pandemic
ab41.
U
As
I
understand,
it
puts
Nevada
in
a
position
to
further
support
entrepreneurism
and
the
launch
of
high
growth
startups
within
our
state.
The
ability,
slash
opportunity
to
create
homegrown
startups
scale
ups
and
unicorns
is
one
of
the
most
important
services
that
I
believe
has
taken,
provide
real,
quick,
it's
important
to
no
difference
between
a
small
business
and
a
startup,
while
small
businesses
and
startups
share
some
similarities.
Small
businesses
are
typically
focused
on
providing
products
and
services
to
a
local
market,
while
startups
are
focused
on
creating
and
scaling
new
products
and
services
that
disrupt
entire
Industries.
U
And
as
an
example,
you
know
I
wanted
to
recall
how
draft
clean
disrupted
the
entire
gaming
industry,
which
is
an
industry
that
that
was
a
leader.
Small
businesses,
are
often
founded
by
entrepreneurs
who
are
looking
to
create
stable
and
profitable
businesses
that
can
provide
a
steady
income
while
startups
are
founded
by
entrepreneurs
who
are
looking
to
create
high
growth
companies
that
can
achieve
a
significant
market
and
share
in
evaluation.
Another.
U
Between
startups
and
small
businesses
is
that
is
there
approach
to
risk?
Well,
small
businesses
owners
typically
take
a
more
conservative
approach
to
risk
to
minimize
their
exposure
and
maintain
a
steady
income.
Startup
Founders,
often
Embrace
risk
seeking
to
create
new
products
and
services
that
have
potential
to
revolutionize.
Entire
Industries,
like,
like
I
mentioned
before
they're
off
they're,
often
willing
to
take
students
again
financial
and
personal
risk
to
in
pursuit
of
their
Vision,
with
the
exception
of
the
or
what
the
expectations
excuse
me
of
their
company,
eventually
becoming
a
highly
profitable
and
successful.
U
Innovation
is
more
an
idea.
It's
the
successful,
bringing
a
new
disruptive
idea
to
Market,
creating
the
means
can.
U
Of
course,
I'm
almost
done
incubators
at
accelerators,
along
with
funding
research
and
support,
are
some
of
the
key
tools
that
the
government
can
provide
to
grow
a
Nevada,
entrepreneurism
and
high
growth
startups
beyond
the
recommendation
of
replacing
the
term
intern
with
the
work
based
learning
in
the
the
language
of
the
bill,
I'm
excited
about
ab41
and
the
opportunity
test,
Finance
board.
Thank
you.
A
Thank
you
so
much
next,
we
will
turn
take
testimony
in
opposition
of
assembly.
Bill
41.
Is
there
anyone
in
Carson
City
who
wishes
to
offer
testimony
and
opposition?
We
don't
see
anyone
coming
down
BPS.
Do
we
have
anyone
on
the
following
line
that
wishes
to
give
testimony
and
opposition
of
assembly
bill
41.
A
Thank
you
so
much
next,
we
will
take
testimony
in
the
neutral
anyone
in
Carson
City
wishing
to
offer
testimony
in
the
neutral.
Please
come
forward
for
assembly
bill
41..
It
doesn't
look
like
we
have
anyone
here,
BPS!
Is
there
anyone
on
the
telephone
line
wishing
to
give
testimony
in
the
neutral
to
a
b,
41.
R
A
M
This
customizable
for
the
record.
Thank
you
for
the
question,
so
it
would
really
depend
on
what
component
we
are
looking
at.
So
if
you
look
in
an
internship
program,
you
know
you're,
basically
looking
at
by
a
semester
by
semester,
if
you
are
looking
at
a
support,
structure
or
support
for
a
accelerator
or
incubator
program,
you're
looking
at
sort
of
annual
support,
depending
on
the
availability
of
funds.
M
Obviously,
if
you
are
looking
at
the
SBR
matching
program,
that's
really
defined
by
the
contractor
by
the
grant
that
you're
matching
from
from
the
federal
government,
and
it's
usually
between
a
year
or
two
as
as
timeline
and
if
you're,
looking
at
the
research
and
development
Grant
the
competitive
grant
program,
and
that
would
really
be
defined
timeline
Wise
by
the
technology
acceleration
that
you're
trying
to
to
achieve
through
this
program.
So
under
an
research
and
development,
competitive
grant
program,
you're
looking
at
you
know,
would
this
be
the
technology
be
validated?
M
Will
it
need
to
be
tested,
there's
obviously
at
a
shorter
time
Horizon
do
we
need
further
development
of
this?
That
would
be
a
longer
time
Horizon,
but
these
are
not
longer
than
than
a
year
so
very
short
term,
very
impactful,
but
short
term
yeah.
C
Madam,
chair
Tom
Burns
for
the
record
I
just
want
to
thank
you
again
for
your
time
and
your
Indulgence
in
US,
presenting
ab41
some
of
them
Gwen
appears
you
you're
the
winner.
Today,
we
will
be
happy
to
work
with
you
on
your
suggestion
on
including
the
community
colleges
in
our
presentation
and
with
that
will
conclude.
Thank.
A
You
so
much.
We
may
also
have
a
couple
other
ideas
that
we
may
send
your
way,
but
with
that
we
will
go
ahead
and
close
assembly
Bill
41's
hearing
and
move
on
to
public
comment.
Is
there
anyone
here
in
Carson
City,
who
wishes
to
give
public
comment
with
that?
We
will
turn
it
over
to
BPS
BPS.
Do
we
have
anyone
on
the
phone
line
wishing
to
give
public
comment
this
evening.
A
Perfect,
do
we
have
any
comments
or
remarks
from
our
community
members
this
evening
with
that
we
will
close
our
hearing
and
I
will
see
everyone
on
Tuesday
in
room,
4100
and
I
hope.
Everyone
gets
home
safely.