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Description
This is the first meeting of the 2021-2022 Interim. Please see the agenda for details.
For agenda and additional meeting information: https://www.leg.state.nv.us/App/Calendar/A/
Videos of archived meetings are made available as a courtesy of the Nevada Legislature.
The videos are part of an ongoing effort to keep the public informed of and involved in the legislative process.
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Closed Captioning is Auto-Generated and is not an official representation of what is being spoken.
A
Thank
you
so
much
good
morning.
Everyone.
It
is
thursday
august
12th,
nine
just
after
9
00
a.m,
and
welcome
to
this
virtual
meeting
of
the
joint
special
committee
to
conduct
a
study
regarding
innovation
zones.
We
have
not
like
elected
a
chair
yet,
but
we
will,
after
our
first
set
of
public
comment.
Until
then,
lcb
staff
have
asked
that
I
preside
for
roll
call
and
some
housekeeping
items
at
the
first
public
comic
period.
So,
madam
secretary,
will
you
please
call
the
roll.
E
F
A
All
right,
some
housekeeping
items
just
some
reminders
for
the
members
of
the
the
public
who
might
be
watching
and
reminders
for
people
who
are
with
us
in
the
zoom
room.
If
anyone
testifies,
it
will
ask
you
to
state
and
spell
your
name
for
the
record
before
you
testify.
A
A
Please
remember
that
comments
will
be
limited
to
two
minutes
per
person
and
we'll
be
enforcing
that
two
minutes
so
that
it's
nice
and
fair
across
the
board
you're
welcome
to
submit
any
additional
comments
in
writing
and
they
will
be
added
to
the
record
for
this
meeting
if
you
prefer
to
wait
and
speak
until
later,
there
will
be
a
second
period
of
public
comment
at
the
end
of
this
meeting.
So
at
this
point,
I'm
going
to
turn
it
over
to
our
broadcast
production
services
to
cue
up.
C
G
Good
morning
committee
members
and
assemblywoman
benitez
thompson:
this
is
dagny
stapleton
d-a-g-n-y-s-t-a-p-l-e-t-o-n.
G
I'm
the
executive
director
of
naco
nevada,
association
of
counties.
As
you
all
know,
the
nevada
association
of
counties
represents
county
governments
in
nevada
and
since
local
and
county
governance
has
been
at
the
heart
of
the
innovation
zone
discussion
we
wanted
to
be
sure
to
let
the
committee
know
that
we
were
here
in
attendance
today
and
to
briefly
provide
comment
when
scr
11
was
heard.
Last
session,
naco
provided
neutral
testimony
thanking
the
proponents
for
recognizing,
as
the
bill
outlines,
the
important
role
that
counties
would
play
in
the
study
we
wanted
to.
G
Let
the
committee
know
that
we
remain
available
to
participate
in
the
study,
as
you
believe,
appropriate
and
as
a
resource
to
you
for
any
input
or
any
information
that
you
may
find
useful
when
the
idea
of
innovation
zones
was
introduced,
the
proponents
did
reach
out
and
presented
their
concept
and
preliminary
language
to
counties.
At
that
time,
county
representatives
made
clear
that
we
did
have
a
handful
of
concerns
about
innovation
zones.
During
the
session.
G
Our
members
voted
unanimously
to
oppose
the
concept
as
it
had
been
presented
to
counties
that
vote
included
representatives
from
16
of
nevada's
17
counties,
both
urban
and
rural
concerns,
included
fiscal
impact
impacts
to
county
services
and
preserving
the
integrity
of
county
governance.
We
understand
that
the
concept
of
innovation
zones
has
evolved
since
those
initial
conversations,
and
so
we
remain
eager
to
be
a
part
of
this
conversation
as
well
as
this
study.
C
H
Thank
you,
members
of
the
special
joint
committee
to
conduct
a
study
concerning
innovation
zone
for
the
record.
My
name
is
mary
walker,
m-a-r-y
w-a-l-k-e-r,
representing
story
county.
I
have
provided
the
committee
written
testimony,
which
includes
information
regarding
block
chains,
llc's
model
for
innovation
zones.
This
model
is
the
walt
disney
world's
reedy
creek
improvement
district.
H
H
H
Unquote,
please
see
submitted
written
testimony.
Government
is
a
serious
business.
Government
only
has
one
function
to
provide
for
the
health,
safety
and
welfare
of
its
citizens.
Government
provides
the
necessary
checks
and
balances
to
ensure
citizen
safety.
What
happens
to
those
checks
and
balances
when
a
private
company
has
their
own
government?
H
The
written
testimony
gives
real-life
examples
of
the
problems
which
can
occur
when
a
private
business
also
has
governmental
powers.
It
creates
a
tremendous
conflict
of
interest.
Government
looks
after
its
people,
business
looks
after
their
profit
and
their
corporate
image,
as
is
shown
in
the
article
from
the
orlando
sentinel.
Thank
you
very
much
for
listening.
I
look
forward
to
providing
you
additional
information
in
future
committee
meetings.
Thank
you.
C
B
And
manager
of
the
tri
general
improvement
district
on
behalf
of
the
trustees
of
the
ui
general
improvement
district,
I
wish
to
express
our
appreciation
for
your
willingness
to
serve
on
this
important
joint
specialty.
Thank
you
for
the
opportunity
to
speak
today.
Pursuant
to
our
after
18
tried,
gid
was
created
by
story
county
in
2001
to
access
water
to
the
tahoe,
reno
industrial
center
and
surviving
area.
B
I'm
here
on
behalf
of
districts
with
the
future
customers
who
may
be
significantly
impacted
by
innovation
zone
within
county,
because
97
of
the
land
owned
by
blockchains
lies
in
the
tri-service
area.
Try
gid
sees
itself
as
a
stakeholder
and
innovation
zone
and
intends
to
participate
actively
in
the
coming
joint
special
committee
meetings.
We
submitted
a
letter
to
the
joint
special
committee
on
august
11
2021,
with
concerns
around
innovation
zones.
Along
with
the
map
of
our
service
area.
B
We
would
like
to
reiterate
our
quest
to
make
a
formal
presentation
to
the
joint
special
committee
so
that
it
may
fully
understand
this
currently
provided
to
the
tahoe
reno
industrial
center.
We
are
available
to
answer
any
questions
that
the
committee
or
its
members
may
have
during
this
process.
Thank
you.
C
G
Thank
you
joint
session
committee
members
for
letting
us
speak.
We
provided
you
a
timeline
summarizing
events
from
2000-2021
story,
county
related
to
land
use
and
zoning
regulations,
master
planning
and
development
at
painted
rock
and
the
tahoe
reno
industrial
center,
and
our
recent
proposals
by
blockchains
to
create
innovation
zones
in
which
to
perform
research
and
development
exercises
and
develop
a
smart
city.
G
The
timeline
also
comes
or
highlights
conversations
that
have
occurred
more
recently
story
county,
finds
that
the
development
proposals
by
blockchain's
dovetail
weld
into
the
county's
vision
and
the
2016
master
plan
for
economic
diversification
and
sustainable
growth.
However,
carving
separate
government
such
as
innovation
zones
is
completely
unnecessary
and
inappropriate
in
order
to
advance
innovative
industries,
technology
experimentation
or
even
the
residential,
smart
city
development
story.
County
has
for
20
years
and
nevada's
leader
in
attracting,
permitting
and
supporting
technology
manufacturing
energy
sectors
and
transforming
northern
nevada
from
dependence
on
gaming
to
the
diversified
economic
powerhouse.
G
It
is
today
the
evidence
suggests
that
story.
County
already
has
quote-unquote
the
innovation
zone
story,
county
master
plan
and
zoning
designations,
facilitate
proper
residential
development,
complete
with
revenue
generating
commercial
and
industrial
uses
to
offset
services
costs
for
the
county's
residents
and
businesses
bifurcating
the
county
into
two
governments
will
result
in
persistent
fiscal
instability
in
the
region
and
may
weaken
the
county's
ability
to
provide
public
safety,
social
services
and
other
core
functions
not
only
for
story
county
but
potentially
for
the
innovation
zone
in
the
future.
G
C
C
B
Perfect
will
adler
calling
in
representing
the
purebred
lake
paiute
tribe
dreamer
lake
would
like
to
direct
the
members
committee
to
the
letter
from
janet
davis.
The
chairwoman
of
the
pyramid,
lake
paiute
tribe,
green
lake,
has
been
actively
involved
in
the
discussions
regarding
innovation
zones,
especially
with
regards
to
the
natural
resources
and
impacts
on
the
turkey
river
basin.
B
Jeremy
would
like
engage
this
process
in
the
2021
legislative
session
and,
as
we
all
saw
in
the
legislative
session,
innovation
zones
became
a
large
and
complex
issue
with
many
moving
parts,
as
the
firm
wished
that
a
pyramid
lake
probably
tried
that
this
committee
would
take
this
study
with
the
seriousness
and
in
some
ways
the
skepticism
it
deserves,
while
assessing
what
is
or
isn't
in
innovation
zones
and
where
it
will
and
won't
work
in
the
state
of
nevada.
Thank
you
very
much,
and
we
look
for
this
committee
and
its
results.
C
C
B
Excuse
me,
we
are
I'm
calling
in
support
of
the
innovation
zone
concept.
B
We
think
that
this
is
an
important
step
forward
for
the
state
of
nevada
in
drawing
fresh
industries
and
industries
that
are
going
to
leapfrog
the
state
of
nevada
economically
forward.
We
also
support
the
good
union
jobs
that
these
innovation
zones
are
going
to
bring
there's
a
project,
labor
agreement
on
the
proposed
blockchain
city
innovation
zone
project,
and
we
we
believe
that
that
that
is
going
to
cause
a
boom
of
of
good
high-paying.
Well,
well-financed
jobs
that
are
going
to
trickle
out
to
the
wider
community
in
terms
economic
benefits.
A
Thank
you
so
much
for
everyone
who
gave
your
comment
and
submitted
written
written
material
for
us
at
this
time.
We
are
going
to
move
into
item
three
on
the
agenda,
which
is
election
of
the
chair
and
vice
chair
and
this
item
we've
got
to
make
sure
we've
got
our
leadership
components
in
place
for
this
committee,
so
I
will
accept
a
motion
to
elect
a
member
of
the
committee
as
chair
and
also
a
motion
to
elect
a
committee
as
a
vice
chair.
A
So
I
guess
we
can
see
if
folks
want
to
just
kind
of
popcorn
style.
I
guess.
D
E
And
this
is
assimilman
watts.
E
A
And
I'd
like
to
second
that-
and
I
believe
that
we
can,
with
our
rules,
allow
for
chair
and
vice
chair
to
be
appointed
with
one
motion
with
one
motion,
but
I
think
we
have
two
motions
that
are
standing
right
now,
so
why
don't
we
go
ahead
and
take
the
first
one,
which
is
for
the
nomination
of
chair
and
we've
got
a
first
and
a
second.
If
there
are
no
other
nominations,
then
we
can
go
ahead
and
close
it
and
move
on
to
all
those
in
favor.
Please
say
I.
E
A
A
Okay,
seeing
no
one
wishing
to
speak,
we
can
go
ahead
and
close
the
the
nominations.
Then
all
those
in
favor,
please
say
I.
I.
A
Hearing
none,
the
motion
carries
all
right,
so
we've
got
a
chair
and
a
vice
chair.
We
can
move
on
to
item
four
now,
which
will
be
an
overview
of
the
innovation
zones.
We
have
a
representative
from
the
governor's
office
who
is
going
to
kind
of
kick
us
off
as
we
begin
this
disco,
this
conversation
and
this
discussion
of
the
innovation
zones,
and
so
I
believe
I
see
in
my
screen
here
director
young
from
the
governor's
office.
So,
mr
young,
will
you
be
our
our
person
today?
A
I
Young
policy
director
for
the
office
of
governor
sislek-
I
am
grateful
to
be
here
today
in
the
place
of
our
chief
of
staff,
michelle
white,
who
could
not
be
here
but
certainly
sends
her
warm
regards.
I
want
to
thank
you,
chiara
benitez
thompson
and
vice
chair
dennis
and
the
special
committee
for
conducting
what
is
the
first
of
many
special
committee
meetings
to
review
and
analyze
and
ultimately
make
recommendations
related
to
the
government's
innovation
zones
proposal.
I
I
The
innovation
zones
proposal
would
create
a
broad
structure
by
which
applicants
engage
in
the
development
of
innovative
technologies
to
create
an
innovative
zone.
After
meeting
strict
standards
and
requirements
laid
out
by
statute,
including
a
significant
investment
commitment,
no
tax
incentives,
abatements
or
public
investments
will
be
part
of
this
proposed,
and
we
now
have
a
draft
that
bdr
that
this
committee
can
review
vet
and
propose
changes
to
as
part
of
its
recommendations.
I
This
office
is
expected
that
the
community
will
be
obeying
the
benefits
of
economic
returns
and
workforce
development
and
job
creation
against
the
potential
impacts
on
local
and
traveling
governments,
while
including
them
in
the
conversation
and
while
considering
needs
such
as
affordable
housing,
state
and
local
revenue.
These
are
all
important
considerations
throughout
and
understanding
that
these
are
issues
that
are
on
the
mind
of
every
nevadan
and
stakeholders
and
communities
throughout
the
state.
The
office
of
the
governor
continues
to
be
both
supportive
and
engaged
in
this
dialogue.
I
Later
this
year,
it
is
believed
that
innovation
zones
proposals
can
achieve
a
balance
between
these
interests,
while
both
increasing
tax
revenue,
creating
jobs
and
diversifying
nevada's
economy
and
without
government
providing
tax
incentives
or
abatements.
We
look
forward
to
the
work
of
this
community.
Thank
you.
A
A
I
think
we're
ready
to
move
into
item
five
and
item
five,
we're
going
to
be
handing
it
over
to
mr
pete
ernaught
government
and
a
fair
government
public
affairs
director
with
rnr
partner,
to
talk
about
establishing
nevada
as
a
global
center
for
the
development
of
blockchains
and
other
emerging
technologies
and
mr
ernot,
I
know
you
have
some
presenters
with
you
as
well,
so
I'll,
let
you
introduce
them
and
let
them
kind
of
speak
respectively
about
the
different
topics
you
have.
A
I
think
what
we'll
do
is
a
committee,
because
I
think
there
are
different
levels
of
understanding
about
what
might
be
talked
about
and,
of
course,
mr
ernaud
you're
going
to
be
you've
got
speakers
who
are
going
to
go
into
depth
with
us
on
the
subject
on
the
committee.
So
members,
if
you
have
questions
as
we
go,
let's
hold
them
to
the
the
end
of
item
five
and
then
we
can
go
back
and
allow
for
questions
into
item
five.
Once
all
the
speakers
under
item
five
talk.
K
K
K
You
can
hear
that
reaction
from
from
a
lot
of
folks-
and
I
understand
we
understand-
change-
is
difficult
and
change
of
this
magnitude
deserves
the
scrutiny
and
skepticism
that
will
be
put
before
it,
not
just
by
this
community,
not
by
the
governor's
office,
not
by
the
legislation
whole,
but
all
of
the
folks
that
are
affected
by
this
all
the
different
stakeholders,
whether
it's
story,
county,
the
pyramid,
lake
paiute,
tribe,
the
surrounding
counties
and
nevada
as
a
whole,
and
we
hope
that,
over
the
course
of
the
next
four
to
five
months,
we're
able
to
make
that
case.
K
This
is
maybe
the
single
most
important
idea
that
we've
dealt
with
in
our
careers,
maybe
one
that
isn't
surpassed
by
another
other
than
the
legalization
of
gaming
itself,
nothing
that
creates
as
many
jobs
or
transforms
our
economy
in
a
way
that
innovation
zones
potentially
does.
K
Blockchains
now
again,
another
intimidating
issue,
a
lot
of
people,
don't
sort
of
understand
what
blockchain
even
is
or
why
would
it
even
be
important?
And
so
hopefully,
today
over
the
next
45
minutes,
we
can
focus
as
much
on
what
blockchains
is
what
it
isn't,
why
it's
meaningful?
Why
all
of
the
affiliated
emerging
technologies
are
not
only
important
in
this
world
in
this
global
economy,
but
certainly
right
here
at
home
and
nevada
being
the
leader
of
the
technology.
K
It
says
itself
today
we'll
begin
to
tell
that
story
now,
as
as
dwayne
mentioned,
there's
a
build
ramp,
and
it's
it's
six
months
in
in
in
progress
and
work.
I
think
some
of
the
finest
and
most
experienced
minds
in
nevada
worked
on
this
from
a
public
policy
standpoint
and
there
will
be
a
time
that
we'll
go
through
that,
of
course
in
mind,
numbing,
detail
and
section
by
section,
but
rather
than
just
diving
straight
into
the
weeds
or
making
this
feel
like
a
planning
commission
meeting.
K
We
wanted
to
focus
today
as
much
on
the
vision
the
why?
What
what
does
this
actually
do,
and
why
would
it
matter,
and
why
would
you
go
to
the
extent
of
creating
an
autonomous
government
for
a
project
like
this
and.
K
To
correct
just
one
thing,
because
you
know
we're
going
to
deal
with
a
lot
of
issues
in
the
next
four
or
five
months,
and
it's
as
much
about
what
it
isn't
as
what
it
is
you're
going
to
hear
a
lot
from
the
naysayers.
It's
a
company
town
you're,
going
to
hear
that
it's
a
private
company
getting
its
own
autonomous
government
you're,
going
to
hear
about
its
effect
on
taxes
and
water
and
all
those
things
we'll
get
into
a
lot
of
that,
but
ultimately
most
but
ultimately
understand
this.
This
is
not.
K
This
is
not
giving
a
private
company
its
own
government
and,
as
we
go
through
the
build
draft
you'll
all
get
to
see
that
what
we
do
is
create
an
autonomous
government
that
is
arms
length
from
the
company
and
developer
itself
and
also
is
one
that
it
has
to
adhere
to
all
existing
statute
that
govern
every
city
and
every
county
that
exists
in
nevada
today.
K
So
what
is
an
innovation
zone?
An
innovation
zone
is
a
bricks
and
mortar
destination
that
provides
nevada
the
opportunity
to
be
the
global
leader
in
the
development
of
blockchain
technology
and
a
number
of
affiliated
technologies
that
are
amongst
the
most
important
emerging
technologies
on
this
planet
and
and
again
I
focus
on
bricks
and
mortar,
because
this
isn't
a
virtual
designation.
K
This
isn't
a
cool
proclamation
by
the
governor.
This
is
a
real
living
and
breathing
community
anchored
by
a
smart
city
which
we'll
talk
about
in
a
lot
of
detail
over
again
the
course
of
the
next
four
months
and
what
that
means.
It
also
is
a
development
center,
unlike
any
in
the
world
in
which
these
technologies
will
be
incubated
and
developed
and
created
and
tested
right
here
in
nevada.
We
hope
this
innovation
zone
and
how
you
know
unique
and
exciting.
K
So
it's
sort
of
hard
to
even
you
know
overstate
the
importance
of
this
when,
when
it
comes
to
the
fact
that
of
how
it
affects
our
economy
and
transforms
our
economy,
the
amount
of
jobs,
it
creates
the
the
culture
of
our
business
community
changing
forever.
So,
let's.
K
This
may
not
be
a
good
idea,
because
there's
thousands
of
reasons
why
it
is
a
good
idea
and
having
the
opportunity
to
finally
have
a
public
hearing
in
which
we
can
tell
our
story
and
begin
to
tell
our
story.
I
hope
is
the
first
step
in
a
long
journey
of
doing
something
that
may
be
the
most
important
thing
that
any
of
us
have
done
in
our
professional
careers
and
in
the
state
of
nevada.
K
So,
with
that
build
up,
I
would
like
to
introduce
michelle
bash
a
director
from
blockchains
to
go
through
a
company
overview
and
give
you
an
opportunity
to
sort
of
understand
who
they
are
and
and
why
they
want
to
do
this.
So
thank
you,
madam
chairwoman,
and
members
of
the
committee
michelle.
If
you
present,
that
would
be
wonderful.
N
N
My
name
is
michelle
bash
and
I
am
a
director
with
blockchains
inc
and
I
am
going
to
be
showing
sharing
our
corporate
overview
so
when
we
started
going
out
into
the
world
and
when
companies
started
coming
to
us
about
meeting
with
us
and
understanding
how
they
can
use
blockchain
technology
and
what
they
are
doing,
one
thing
that
started
to
occur
to
us
is
that
we
are
actually
in
an
emerging
technology
sector.
We
are
an
emerging
technology
company
and,
as
a
result,
there
is
a
little
discussion,
usually
about
vocabulary
to
make
things
a
little
bit
easier.
N
We
start
out
these
first
introductory
meetings
now
just
going
through
some
basics
in
terms
of
the
vocabulary.
So
I
want
to
take
you
through
these
one
by
one.
Blockchain
technology
is
a
digital
record
of
transactions.
The
name
comes
from
its
structure
in
which
individual
records
called
blocks
are
linked
together
in
a
single
list
called
a
chain.
Each
interaction
added
to
a
chain
is
validated
time
and
date
stamped
preventing
the
information
from
ever
unknowingly
being
manipulated,
cheated
or
hacked.
The
second
word
is
ecosystem.
N
Now
a
prosumer
philosophy
is
an
approach
to
business
that
prioritizes
the
individual
over
corporate
profits,
and,
lastly,
is
a
word
that
incredibly
common
you're
probably
wondering
why
would
I
even
think
about
putting
that
on
a
list,
but
the
reality
is.
Trust
has
been
something
that's
out
there
and
marketing
departments
and
companies
worldwide
have
been
using
it
for
years,
but
for
our
purposes
in
this
emerging
technology
sector,
trust
is
something
very
specific.
N
Trust
is
the
attested
to
verification
and
confirmation
of
proof.
That's
needed
to
establish
the
credible
digital
identity
of
an
individual
things
and
devices,
and
with
that
said,
we
are
blockchains.
We
are
on
a
mission
to
empower
and
protect
individuals
in
the
digital
world.
We
approach
this
mission
with
a
prosumer
philosophy.
N
N
N
Now,
obviously,
we
could
not
agree
more
so
also,
as
you
look
around
this
chart,
you
will
see
at
the
end
of
each
of
these
spokes
or
obviously
vertical
industries,
but
these
are
very
highly
regulated.
Vertical
industries
and
industry
becomes
regulated
because
a
certain
amount
of
protection
is
needed
in
order
for
people
and
entities
to
interact,
and
typically
these
industries
are
also
incredibly
highly
transactional.
N
Now
earlier
I
talked
to
you
about
an
ecosystem
actually
being
a
personal
digital
universe.
This,
by
placing
this
gentleman
in
the
middle
of
the
circle,
this
now
becomes
his
digital
universe
for
regulated
industries.
As
I
just
said,
he
will
be
interacting
with
these
industries
likely
for
the
rest
of
his
life,
but
this
becomes
his
ecosystem
now
from
a
company
perspective.
Obviously,
our
ambitions
are
huge.
N
N
N
So
what
we
said
was
you
know,
since
our
focus
is
always
on
the
individual,
let's
apply
that
same
practice
to
how
we're
hiring
for
expertise
in
these
areas,
and
we
have
gone
out
and
found
people
who
are
doing
so
well
in
their
their
chosen
fields.
Their
chosen
field
of
health
care,
their
chosen
field
of
financial
services,
critical
resources,
education
and
they've
done
amazing
things
in
their
careers
and
they
have
contributed
to
the
betterment
of
their
industry.
N
Well,
they're
ready
to
turn
that
up
a
notch,
they're
ready
to
go
to
the
next
level
and
now
they're
joining
us
and
together
we
are
facing
and
solving
trying
to
solve
a
problem.
This
problem
is
that
today's
digital
identity
solutions
prioritize
the
protection
of
the
company
over
the
individual's
basic
human
right,
which
is
to
own
our
personal
identity,
and
we
know
that
this
is
happening
because
we
have
a
perceived
misuse
of
what's
happening
with
our
information
whenever
we're
out
on
the
internet.
N
N
Something
has
to
be
done,
so
we
are
proposing
a
solution
of
decentralized
blockchain
based
digital
identity
that
prioritizes
the
protection
of
the
individual.
We
want
to
return
control
and
ownership
of
personal
data
to
the
prosumer
and
protect
that
user
privacy
and
doing
that
we
will
deliver
on
our
value
proposition,
which
is
to
enable
trust
in
the
digital
world,
and
that
value
proposition
is
held
up
by
three
very
specific
pillars.
Those
pillars
are
trust
and
identity.
That
is
definitely
at
the
foundation.
N
What
I
have
been
talking
about
from
the
beginning,
and
once
you
have
trust
and
identity,
then
you
can
have
trust
and
data
and
that
trust
and
data
begets
trust
in
transactions,
which
is
a
very
interesting
part
of
this
story,
because
trust
in
transaction
is
that's
where
the
internet
of
things
is.
We've
all
heard
about
the
internet
of
thing,
the
iot,
that
is
the
digital
world,
where
there
are
ideas
and
things
being
exchanged,
but
right
now
there
is
not
as
much
activity
out
there,
because
there
are
discussions
about
hacking.
N
The
identity
will
be
easily
accessible
on
your
mobile
phone.
It
has
single
sign-on
features
for
facial
recognition
and
biometrics
and
with
it,
users
will
also
have
access
to
a
marketplace.
Now.
This
is
very
similar
to
what
apple
has
created
in
their
app
store.
The
galaxy
phone
has
one
too,
so
we
have
these
app
store.
We
have
access
to
to
a
marketplace
through
the
digital
identity.
We
have
created
a
toolkit
where
developers
are
working
with,
are
able
to
engage
with
our
platform
and
create
services
and
applications
that
people
who
are
using
our
identities
can
access.
N
But
if
you
think
about
a
digital
identity,
you
need
a
place
to
keep
it
right
just
like.
Today,
our
identity
is
typically
our
driver's
license
and
our
place
to
keep
it
is
in
our
physical
wallet.
Well,
how
about
a
digital
wallet
which
we
are
also
creating
and
within
that
digital
wallet
will
be
a
digital
id.
You
can
also
keep
your
cryptocurrency
digital
assets
and
there
is
a
secure
key
management
system,
and
this
collection
of
tools
is
what
enables
the
individual
to
engage
with
businesses
and
secure
digital
transactions
and
actually
transfer
value
in
the
digital
world.
N
We
also
offer
custodial
managed
keys
through
our
vaults,
which
preserve
the
users
full
control
over
their
assets,
as
well
as
hot
and
cold
storage.
Today
we
have
five
vaults
three
in
the
united
states,
one
in
sweden
and
one
in
switzerland
and
lastly,
I
talked
about
iot,
so
the
ability
ability
to
integrate
things
and
devices
into
transactions
in
the
digital
world
people
want
to
engage
on
the
internet
of
things.
N
We
know
that
there
is
hesitancy
to
do
so
because
of
the
lack
of
trusted
identity,
so
we
are
focused
on
equipping
things
and
devices
with
trista
trusted
identities,
to
integrate
them
into
digital
transactions
via
our
digital
wallet
and
just
to
give
you
an
idea
where
we
are
on
development
of
these
products
in
the
single
platform
a
lot.
This
is
a
hot,
very,
very,
very
high
level
view
of
our
road
map.
Along
the
left
hand,
side,
you
can
see
identity,
marketplace
wallet.
N
The
things
that
I
just
discussed
across
the
bottom
is
basically
the
rest
of
our
calendar
year
going
into
early
2022..
We
are
preparing
to
launch
this
platform
sometime
in
2022,
but
right
now,
this
whole
year
we're
really
focused
on
inventing
and
innovating
and
building
and
proofs
of
concept.
Integrating,
and
I
should
have
probably
put
tests
all
over
this
slide,
because
we
are
doing
a
lot
of
testing
right
now
as
we
prepare
for
launch.
N
But
the
thing
I
want
to
talk
to
you
most
about
is
really
proofs
of
concept,
because
that's
where
we're
working
with
other
organizations,
that's
where
we
have
a
collaboration
community.
Some
of
these
names
might
be
familiar
to
you
and,
as
you
can
see,
they
are
also
representative
of
the
industries
that
I
spoke
about
that
were
focused
on
because
again,
they
have
gone
through
or
they
are
almost
done
with
their
heavy
lift
of
their
digital
transformation.
N
They're
ready
to
start
embracing
and
understanding
how
blockchain
technology
and
artificial
intelligence,
automation
and
real-time
analytics
can
help
their
not
only
their
internal
processes,
but
also
help
how
they're
engaging
with
their
customers
their
students,
their
patients
and,
of
course,
as
we're
working
on
these
solutions
with
our
poc
companies.
We're
also
looking
at
always
maintaining
a
commitment
to
global
standards
and
interoperability,
and
we
have
to
admit,
we
hope
that
our
competitors
are
too,
and
we
know
our
competitor
list
is
very
wide
and
very
deep,
so
this
chart
will
show
you
over.
N
But,
as
you
get
further
into
the
chart,
you
start
to
see
that
they're
not
as
focused,
and
we
truly
believe
that
if
you
look
at
those
last
two
columns
and
you
see
enterprise,
everything
is
checked
there.
That
goes
back
to
the
fact
that
they
are
very
focused
on
the
corporation.
They
are
very
focused
on
protecting
the
company,
and
I
also
want
to
draw
your
attention
to
the
middle
of
this
chart.
We
say
blockchain
based
real
world
showcase.
N
N
This
is
blockchains.
We
hope
that
companies
can
let
their
customers
know
that
it's
time
for
them
to
be
able
to
trust
that
their
data
is
valuable
and
that
their
personal
data
is
being
protected.
There's
no
need
to
rip
and
replace
what
we
have
to
offer
they
can
be.
We
can
integrate
into
existing
identities
that
are
there,
but
they're,
not
blockchain
enabled
we
are
dedicated
to
interoperability
and
global
standards
and
empowering
and
protecting
individuals
in
the
digital
world.
J
Thank
you,
miss
bash
chairwoman,
venitas
thompson
and
members
of
this
committee.
Thank
you
for
the
opportunity
to
discuss
charting
nevada's
future
through
the
lens
of
what
innovation
zones
mean
for
nevada.
My
name
is
matthew.
Dejeste
vice
president
of
regulatory
strategy
and
affairs
at
blockchains
inc
and
my
statement
today
is
a
personal
one.
My
family
has
called
reno
home
since
the
early
1950s.
J
J
Gaming
was
on
the
decline
and
mining
or
tourism
were
not
careers
that
appealed
to
most
high
school
students.
Reno
was
struggling
with
its
identity,
which
meant
that
if
I
wanted
to
change
my
career
or
my
career
goals,
I
needed
to
be
where
the
action
was,
and
for
me,
that
was
california
but
reno
kept
pulling.
At
my
consciousness
from
a
distance,
I
began
helping
tech
startups
with
pro
bono
corporate
work
and
before
I
knew
it,
I
could
see
that
a
new
culture
was
beginning
to
percolate.
J
I
think
we
all
agree
that
more
work
must
be
done.
Communities
like
silicon
valley
in
austin
and
seattle,
they've
experienced
transformational
change
when
homegrown
technology
startups
succeeded,
the
industries
nevada
has
diversified
into
over
the
last
10
years,
have
created
new
good
paying
jobs,
but
policies
supporting
our
current
diversification
strategy
have
at
least
three
structural
issues
that
I
believe
will
limit
our
success
in
the
long
term.
J
J
J
Economic
development
is
difficult,
especially
when
trying
to
focus
on
long-term,
sustainable
growth.
We
spend
a
considerable
amount
of
time
and
resources
competing
with
other
states
for
jobs,
which
is
a
really
good
thing,
but
we
should
also
focus
heavily
on
wealth
creation
opportunities
for
nevadans.
What
do
I
mean
by
wealth
creation?
J
When
facebook
went
public
it
instantly
mended
over
1
000,
millionaire
employees,
those
employees
went
on
to
start
their
own
companies
or
invest
in
local
startups,
creating
a
virtuous
cycle
of
investment,
opportunity
and
wealth
creation
for
silicon
valley
residents
as
a
technology
startup
that
grants
stock
options
to
its
employees.
Blockchain's
inc
strongly
believes
that
nevada
should
broaden
its
economic
development
policies
to
focus
on
creating
an
environment
for
the
next
facebook
to
grow
in
our
state.
J
J
J
We
all
see
cities
claiming
to
be
the
next
silicon
valley.
They
usually
get
one
thing
right
and
one
thing
wrong.
What
they
usually
get
right
is
that
they
are
hyper
focused
on
technology
startups.
What
they
usually
get
wrong
is
they
try
to
copy
and
paste
the
magic
of
silicon
valley
instead
of
creating
a
local
ecosystem
that
leverages
their
unique
advantages?
J
Nevada
should
not
aim
to
become
the
next
silicon
valley.
No
one
can
replicate
the
ecosystem
that
made
the
valley
successful
because
it
is
unique
to
them,
but
we
can
replicate
the
value
proposition
of
silicon
valley
a
place,
unlike
any
other
on
earth,
where
the
key
ingredients
for
success
with
an
emerging
technology
are
harnessed
in
a
single
location.
J
Now
our
focus
is
not
the
internet,
it
is
blockchain
technology
and
we
have
some
key
ingredients
already
in
place,
including
our
tax
friendly
environment
and
our
innovative
state
blockchain
legislation.
But
many
states
are
following
this
blueprint,
including
wyoming,
making
nevada's
value
proposition
more
of
a
commodity
than
a
competitive
advantage.
We
need
a
policy
that
sets
us
apart.
J
We
believe
we
have
two
distinct
advantages
that
will
make
nevada
the
global
destination
for
blockchain
technology
and
attract
hundreds
of
emerging
technology
startups.
The
first
is
blockchain
inc,
unparalleled
infrastructure
assets
and
the
second
is
an
innovation
zone
focused
on
integrating
blockchain
technology
into
the
physical
and
digital
development
of
the
innovation
zone.
J
First
blockchain's
inc
has
invested
a
significant
amount
of
capital
in
assets
that
will
support
the
development
of
a
master
plan.
Smart
community
within
the
innovation
zone,
including
the
first
full
stack
technology
platform
built
on
blockchain
this
platform,
will
seamlessly
integrate
into
the
development
and
operation
of
the
master
plan.
Smart
community,
along
with
powering
the
community
residents
digital
interactions,
all
of
which
would
be
a
first
in
human
history.
J
Engage
in
peer-to-peer
renewable
energy
transactions
manage
all
government
interactions
from
a
mobile
phone
share
in
public
infrastructure
revenue
cast
real-time
votes
on
hyper
local
community
issues,
pay
taxes
in
real
time,
create
passive
income
by
monetizing
assets,
manage
and
control
their
medical
records
and
engage
in
other
use
cases
that
we
frankly
cannot
imagine.
As
we
sit
here
today.
J
J
J
We
strongly
believe
that
investing
in
our
residents
and
youth
across
the
state
through
educational
infrastructure
is
just
as
critical
for
nevada's
blockchain
ecosystem
as
hiring
nevadans
to
work
with
us.
Second,
and
just
as
important.
We
believe
an
innovation
zone
focused
on
the
development
and
integration
of
blockchain
technology
into
a
master
plan.
J
J
J
If
nevada
embraces
innovation
zones,
we
will
attract
and
retain
the
best
blockchain
entrepreneurs,
software
developers,
educators,
thought
leaders,
governance,
experts
and
land
developers
in
the
world.
We
will
transform
business
government,
energy,
health
care,
education,
public
services,
development
and
community
engagements
in
ways
that
will
create
unimaginable
prosperity
for
nevadans.
J
In
2016
I
sat
across
the
table
from
senator
t
keffer
and
together
we
created
the
policy
framework
for
sb
398,
nevada's,
first
step
into
blockchain
legislation,
while
the
senator
and
I
amused
at
the
time
about
what
was
possible,
I
think
he
would
also
admit
that
we
did
not
anticipate
catching
lightning
in
a
bottle,
but
we
did
in
a
twist
of
fate
that
still
feels
all
too
surreal.
At
times
my
current
employer,
blockchains
inc
saw
sb
398
in
the
news
and
decided
to
give
nevada
a
look
for
potentially
locating
its
headquarters.
J
I
am
walking
proof
that
unique
economic
development
policies
can
give
a
nevadan
the
opportunity
to
work
in
a
technology
industry
that
he
loves
right
here
in
the
town
where
I
grew
up.
I've
been
working
hard
since
2016
to
show
nevadans
that
blockchain
economic
development
can
change
the
trajectory
of
this
state
forever.
J
Since
sb
398
has
passed
in
2017
by
my
informal
estimates,
nevada
has
seen
close
to
a
half
a
billion
dollars
of
direct
blockchain
investment
in
this
state.
In
fact,
nevada
now
boasts
a
bitcoin
mining
company
in
las
vegas,
with
a
billion
dollar
plus
a
blockchain-based
mortgage
originator
whose
back
office
resides
in
reno
that
was
recently
valued
at
over
three
billion
dollars
in
a
blockchain
startup,
backed
by
a
brand
name
venture
capitalist
in
reno.
J
I
honestly
believe
we
are
on
the
edge
of
something
incredible
and
when
my
boys
eventually
graduate
from
high
school,
I'm
willing
to
bet,
they
will
want
to
stay
here
in
nevada
and
be
a
part
of
it
all.
Thank
you
for
your
time
and
consideration,
and
with
that
I
would
like
to
pass
the
discussion
to
mr
weiss.
I
I
We
truly
appreciate
this
commitment
and
are
eager
to
engage
with
you
over
the
next
several
months.
As
this
legislation
is
obviously
a
matter
of
first
impression,
we
look
forward
to
hearing
your
thoughts
and
ideas
as
this
process
goes
forward.
So,
let's
begin
by
talking
about
why
we're
here,
the
centerpiece
of
our
proposed
innovation
zone
is
a
planned.
Smart,
mixed-use
community,
built
from
the
ground
up,
the
community
will
have
homes,
substantial
outdoor,
green
space,
shops,
restaurants
and
schools.
I
This
development
will
be
like
no
other
in
the
world
because
blockchain
technology,
including
the
identity,
custody
and
iot
applications,
our
companies,
developing
that
you've
heard
about
today,
will
be
at
its
core.
An
actual
first
question
you
know
to
ask
yourself
is:
will
this
legislation
give
too
much
power
to
a
tech
company?
Frankly
we
get
it
in
today's
climate.
It
can
be
hard
to
describe
anything
other
than
a
bad
motive
to
the
actions
of
the
tech
company.
I
As
a
lifelong
member
of
the
cynics
and
disbeliever
society,
I
know
for
a
fact
that
if
I
saw
this
from
a
distance,
my
first
reaction
would
be
kidding
me.
But
honestly,
that
is
not
what
our
company
is
about
for
years.
We
have
consistently
told
anyone
who
will
listen,
that
our
company's
mission
is
to
empower
individuals
consistent
with
that
goal.
The
smart
community
we
envision
will
allow
nevada
to
showcase
to
the
world
how
emerging
technologies,
including
those
that
we
are
developing,
can
serve
as
great
equalizers.
I
I
I
The
draft
innovation
zone
legislation
provides
this
path
when
thinking
about
possible
autonomy
for
an
innovation
zone,
it's
helpful
to
begin
with
what
the
legislation
is
not
secret.
Critically,
the
legislation
does
not
provide
autonomy
for
blockchains
or
any
other
innovation
zone
applicant.
Instead,
it
provides
an
application
process
to
allow
for
self-governed
residential
communities
in
innovation
cell.
That
self-governance
can
begin
as
soon
as
there
are
100
registered
voters
in
the
zone
at
the
beginning
of
any
year
in
which
a
general
election
is
due
to
be
held.
I
The
bill
is
also
not
providing
a
smart
community
with
autonomy
from
nevada
law
regulations,
judicial
precedence
or
otherwise,
like
any
other
municipal
entity,
the
innovation
zone
must
operate
within
the
constraints
of
existing
law.
However,
fitting
an
innovation
zone
community
in
to
an
existing
county
is
not
reasonably
feasible,
as
you
know,
for
nevada
counties
with
under
100
000
residents,
the
governing
body
is
a
three
or
five
person
county
commission,
a
citizen.
Commissioner.
I
Those
individuals
cannot
reasonably
devote
the
time
to
govern
their
existing
county,
plus
a
new
innovation
zone
with
completely
different
infrastructure
and
goals.
The
aim
of
our
project
is
to
use
blockchain
and
other
technologies
to
create
a
new
type
of
smart
community.
One
that
focuses
on
the
individual
part
and
parcel
of
that
goal
is
to
create
and
implement
completely
reimagined
municipal
and
administrative
systems,
including
a
government
with
substantial
direct,
individual
participation.
I
I
Now
we
of
course
know
that
innovation
is
not
far
into
nevada
story.
County
alone
has
the
gigafactory
and
other
large
tech
facilities,
but
this
project
isn't
just
about
technology.
It's
not
just
about
buildings.
The
innovation
zone
legislation
allows
for
the
residence
in
zone
to
implement
new
forms
of
governance
that
focus
on
collaboration
and
consistent
direct
resident
participation.
I
This
will
allow
the
community's
residents
to
get
the
most
out
of
emerging
blockchain-based
iot
technologies,
which,
among
many
other
use
cases,
allow
smart
communities
to
improve
energy
distribution,
streamline
waste
management,
decrease
traffic
and
protect
the
environment.
It
is
the
community
residents
themselves
who
should
decide
how
best
to
employ
the
communities
resources
to
achieve
goals
like
these
and
to
swiftly
and
efficiently
shift
resources
to
new
solutions.
If
the
current
ones
aren't
working,
experimentation
and
flexibility
like
that
simply
are
not
possible
without
the
type
of
autonomy
set
forth
in
the
innovation
zone
bill.
I
Sensors
that
will
be
deployed
throughout
the
smart
community
will
generate
an
extremely
useful
commodity
in
this
day.
Age
data.
The
existence
of
this
real-time
data,
which
will
be
anonymized
and
available
to
the
community
for
analysis,
provides
a
unique
opportunity
to
democratize
and
improve
decision
making
and
generally
improve
the
quality
of
life
for
the
community's
residents.
I
An
innovation
zone,
relying
primarily
on
real-time
data
for
decision
making
will,
by
definition,
be
more
advanced
technologically
than
the
areas
that
surround.
Even
if
the
county
wanted
to
match
the
innovation
zone
in
terms
of
technology
and
data
generation
and
analysis,
the
cost
would
be
prohibited.
The
innovation
zone
structure
ensures
innovation
without
burdening
existing
local
governments.
I
I
Implementation
of
such
a
new
system
in
a
smart
community
built
from
the
ground
up
is
relatively
straightforward.
In
contrast,
trying
to
use
a
new
system
like
this
in
an
existing
county
would
require
dismantling
the
existing
tax
collection
systems
and
installing
new
technology,
assuming
the
county
didn't
want
to
go
that
route.
The
other
potential
option
would
be
to
operate
two
tax
collections
systems
simultaneously
in
either
case
the
county
is
expanding,
substantial
resources
solely
because
of
the
incompatibility
between
traditional
government
and
innovation
cell.
These
resources
can
be
put
to
much
better
use
for
the
county's
existing
residents.
I
I
We
at
blockchain
believe
that
realizing
this
vision
requires
autonomy
and
independence
for
the
community
from
a
county
in
which
the
innovation
zone
is
located.
We
thank
the
committee
again.
We
look
forward
to
working
with
the
committee
over
the
next
several
months
regarding
the
quasi-county
proposal
and
the
innovation
zone
legislation
also,
we
recognize
this
is
not
something
that
you're
all
familiar
with
or
that
anyone
has
really
dealt
with
you
know
in
in
the
past.
I
A
Thank
you
so
much.
I
think,
mr
ernat,
that's
every
presenter
that
we
had
who's
going
to
be
available
today.
Did
you
have
anyone
else.
K
From
the
blockchains
side
of
things,
no,
I
maybe,
if
you
and
I
could
just
have
a
quick
discussion
on
protocol
as
we
get
to
the
q
a
today.
Would
you
like
us
to
go
to
you,
chairwoman
and
through
you
to
the
members
or
answer
direct.
A
I
think
what
we'll
do
is
just
let
members
kind
of
raise
their
their
hands
and
then
I
can
go
through
them
and
then
a
lot
of
them
go
directly
to
the
speaker
that
they
might
have
questions
of
I
do.
I
do
want
to
make
sure
that
we're
being
transparent,
and
one
thing,
though,
that
we've
had
there
have
been
a
couple
of
folks
mentioning
a
bill
draft
resolution
and
so
a
policy.
A
I
guess
framework,
that's
a
lot,
I
would
say
a
launching
spot
for
this
committee's
work
and
I
believe
that
has
just
been
made
public.
So
committee
members.
I
believe
that
bdr
is
going
to
be
posted
to
our
committee
a
website.
I
don't
think,
there's
an
expectation
that
everyone
stop
and
read
it
right
now.
I
think
in
future
meetings
going
forward
we'll
have
an
opportunity
to
start
working
through
the
actual
proposal.
A
I
think
today
is
just
the
very
high
level
overview
from
blockchain
about
what
the
basic
vision
is
goals
that
they
hope
to
accomplish
and
then,
as
we
heard
from
for
ms
bash,
what
you
know
what
blockchain
is
as
well,
and
so
I
think
if
we
could
keep
our
level
our
questions
to
kind
of
the
high
level
conversation
that
we've
been
having
so
far,
then
then
that
would
be
probably
the
best
fit
for
the
kinds
of
questions
that
we're
gonna
ask
right
now.
A
So
that
being
said,
committee
members,
let
me
make
sure
I
can
see
you
all.
Do
you
have
questions
for
the
presenters
on
the
information
that
they've
given
us
so
far,.
A
I
think
I
see
senator
dennis,
are
you
raising
your
hand
or
was
there
like?
Okay
I'll,
go
to
senator
dennis
and
then
assemblyman
o'neill.
D
Thank
you,
madam
chair.
Just
I
want
to
just
kind
of
I
guess
maybe
dig
in
a
little
bit
more
and
I
know
today's
kind
of
more
high
level,
but
you
know
that
the
the
discussion
that
was
just
had
about
the
incompatibility
between
innovation
zone
and
a
county,
how
it's
currently
run
I'm
trying
to
get
my
arms
around
that
can
can
the
can
you
discuss
that
a
little
more.
K
K
As
anything,
the
operations
part
becomes
a
little
more
sort
of
common
sense
right,
I
mean,
from
the
standpoint
of
the
information
technologies,
computer
technologies
necessary
to
operate
a
smart
community
that
we
are
designing
in
terms
of,
as
mr
weiss
talked
about
just
in
in
terms
of
tax
collection
in
in
energy
usage,
all
all
different
types
of
operations
would
cause
the
existing
entity,
the
existing
county
to
have
to
either
completely
rebuild
all
of
their
systems
to
accommodate
that
or,
as
mr
voice
talked
about,
be
in
a
position
where
there's
two
programs
running
simultaneously,
neither
sort
of
makes
you
know
sense
from
that
standpoint.
K
The
other
part
of
this,
too,
from
a
from
a
governance
standpoint,
is
when
we
talk
about
innovation,
and
we
talk
about
innovation
in
terms
of
technology,
whether
it's
blockchain
blockchain
technology,
ai,
nanotechnology,
3d,
printing,
any
of
the
sort
of
most
affiliated
technologies.
We're
also
talking
about
reinventing
the
way
that
government
works
and
operates
for
its
citizens
and
and
how
it
provides
services.
K
It's
completely
rethinking
all
of
that,
and
so
the
idea
becomes
that
how
everything
operates
in
the
smart
community,
whether
that's
the
meat
and
potatoes,
how
you
get
back
and
forth
to
work,
how
you
operate
in
your
in
your
home
and
how
you
use
energy,
how
you
use
water,
how
you,
how
you
shop
and
and
and
how
the
commerce
operates
within
a
smart
community
are
all
completely
and
totally
different
than
anything
that
you've
seen
today
or
any
existing
infrastructure
in
any
county
or
or
city,
and
so
building
this
from
the
ground
up
and
all
of
the
technology
that
would
be
necessary
to
just
operationally
run
a
smart
city
again
would
either
be
cost
prohibitive
for
a
community
or
or
county
or
city
to
change
or
create
dramatic
inefficiency.
K
So,
just
just
from
the
operational
standpoint,
it
starts
down
through
that
path,
but
as
as
mr
weiss
said,
to
look,
we
had
to
start
somewhere
right,
and
so
this
was
the
product
of
probably,
you
know,
six
to
nine
months
of
of
hard
work
with
some
of
I
think
the
most
experienced
public
policy
people
in
the
state
and-
and
so
we
tried
to
think
through
all
of
these
things
and
and
why
we
landed
on
a
county
construct,
was
really
the
product
of
a
much
longer
discussion
and
and
as
much
throwing
out
some
of
the
ideas
that
that
wouldn't
work,
and
so
that's
where
we
started,
but
I
think
ultimately,
over
the
course
of
the
next
five
to
six
months
as
this
as
this
committee
deliberates
the
flexibility
or
the
thoughts
of
that
form
of
government,
the
autonomy
being
essential,
but
the
form
being
flexible
that
we
can
think
through
other
ideas
that
may
work
better
for
you
may
work
better
for
the
surrounding
counties,
beginning
with
story,
you
know
we're.
K
The
county
construct
was
the
was
the
product
of
of
months
of
of
discussion.
We
made
a
lot
of
decisions
around
it
and,
as
the
chairman
talked
about
in
the
bill
draft,
and
hopefully
we'll
do
that
next
next
meeting
and
go
through
a
sort
of
a
more
traditional
section
by
section,
read
you'll
see
how
this
all
works
together
and
those
more
specific
operational
questions
will
either
be
answered,
or
you
know,
brought
to
a
head
in
in
the
discussion.
So
I
hope,
mr
vice
chairman,
that
that
that
began
to
answer
your
question.
D
Well,
it
does
in
that
part,
I
understand,
but
I
mean
some
of
these
is
there?
Can
you
give
a
more
specific
example
like
I
think
the
tax
one
would
probably
be
an
easy
one?
How
is
it
that
taxes
are
going
to
be
different
in
an
innovation
zone?
Then
I
mean.
D
Is
it
because
it's
going
to
be
collected
through
cryptocurrency
or
yeah,
that
kind
of
is
there
something
specific
there
that
you
can
I'm
just
trying
to
get
a
grasp
on,
because
these
are
all
you
know,
ideas
I
get
it,
but
there
has
to
be
some
specific
things
that
we
could.
You
know
at
least
start
to
think
about
now,
as
we
as
we're
going
through
this
process.
I
I
I
think
I
can
answer
answer
that
one
by
mr
vice
chair
and
you
hit
that
a
little.
You
know
with
crypto
current
currency
that
the
taxes
could
be
collected
through
a
tokenized
blockchain
based
system
and
again
they
could
be
remitted
to
to
the
taxing
authority
in
in
real
time.
So
imagine
as
exactly
as
a
you
know,
transaction
occurs
whatever
the
tax
component
of
that
is
the
the
imagine
retail
transaction.
I
The
retailer
does
not
have
to
you,
know,
collect
the
money
then
hold
on
to
the
money,
create
all
the
records
and
then
eventually
you
know.
Let's
use
you
know
sales
tax
example.
You
know
remit
that
remit
that
money
to
the
state
you
know
once
a
quarter
or,
to
be
honest,
I'm
not
entirely
sure
how
that
works,
but
I
think
it's
one.
I
I
think
it's
once
a
quarter,
so
this
technology
allows
for
a
completely
diff
different
system
and
it
would
be
difficult
to
imagine
how
an
existing
county
could
they'd
have
to
you
know
they
could
either
retrofit
retrofit
the
whole
county
or
to
sort
of
be
two
two
different
systems,
and
that
you
know
that
would
obviously
be
costly
in
terms
of
time,
administration,
etc.
And
that's
why
that's
why
we
believe
the
solution
involves.
D
Okay,
so
that
makes
sense
to
me
and
that
helps
me
understand
a
little
better.
At
the
same
time,
though,
there's
also
additional
things
that
the
state
you
know
like
specifically
on
I'm
using
the
tax
one,
but
you
know
the
state
would
also
have
to
change
how
they
collect
taxes
from
this
innovation.
So
also
right.
I
I
I
think,
that's
possible.
I
I
think
there
could
also
be
sort
of
middleware
systems
that
could
that
could
process
the
tokens
and
end
up
just
remitting
remitting
the
cash
to
the
the
same
accounts
that
sales
tax
are
admitted
to
now.
So
I
think
those
tokens
could
be
turned
into
cash
before
it
got
to
the
to
the
state
level,
so
there
wouldn't
be
the
needs
of
the
states
or
retrofitting
zones.
D
Then,
okay,
so
then
we
would.
But
if
there
is
some
kind
of
middleware
solution
here,
you
could
probably
have
a
similar
one
at
the
county
level,
but
that's
something
that
you
know.
I
want
to
hear
as
we
go
through
how
that
that
wouldn't
be
a
solution.
K
Mr
vice,
chairman,
too,
I
think,
there's
also
one
issue
that
we
probably
need
to
discuss
that
has
evolved
over
the
course
of
the
last
six
months,
particularly
one
of
the
one
of
the
you
know,
more
compelling
reasons
for
autonomy.
K
Six
months
ago,
a
year
ago
you
know,
and
and
beyond,
was
the
disagreement
and
and
civil
disagreement
between
story,
county
and
the
innovation
zone,
concept
of
actually
permitting
the
number
of
homes
and,
as
you
might
imagine,
in
any
development,
there's
a
critical
mass
necessary
for
a
development
to
actually
make
sense,
and
so
you
know
we
were
very
respectful
of
steward
county
from
the
standpoint.
It's
a
very
small
county.
C
K
There's
you
know
this:
would
this?
Would
you
know
more
than
triple
the
population
of
the
county?
It
changes
every
demographic
from
voting
across
the
board,
but
I
do
want
to
say
this:
that
story
county
has
been
a
very
respectful
partner
in
this
discussion,
albeit
we
may
come
from
polar
opposite
points
and
over
the
course
of
the
last
few
weeks
we've
had
discussions
that
have
moved
forward
on
this
innovation
zone
and
the
compatibility
with
story
county.
I
don't
know
where
that
goes.
K
I
don't
know
whether
it
ultimately
lands
in
a
place
that
makes
sense
for
everyone
involved,
but
I
want
everyone
to
know
that
those
discussions
are
being
hacked
and
that's
why
I
want
to
also
be
flexible
on
the
form
of
the
governance
it
takes
because
there's
certain
things,
no
matter
what
we
agree
on
with
the
existing
county,
that
that
won't
be
compatible,
and
so
those
things
have
to
be
worked
out.
But
I
think
it's
important
to
note
that
discussions
are
ongoing
between
story,
county
and
the
innovation
zone,
components.
D
A
Thank
you
so
much
senator
dennis
assemblyman
o'neill.
O
Thank
you,
madam
chair,
and
actually
I
had
two
questions,
but
senator
dennis
really
went
into
my
main
question
on
it,
but
the
other
one
you
said
the
bdr
will
be
released
shortly.
A
Yeah,
thank
you
so
much
to
somebody
matt
o'neil,
so
yeah.
I
think
during
the
course
of
so
this
is
the
very
first
public,
big
state
public
meeting.
Where
we're
having
a
conversation
about
this
proposal
and
so
well.
I
think
that
their
you
know,
blockchain
has
been
talking
about
the
policy
and
during
session
there
was
conversation
about
the
concept
they
you
know
we
didn't.
A
We
didn't
have
a
kind
of
a
written
bill,
draft
resolution
in
front
of
us,
but
my
understanding
is
that
now
there
is
one
and
so
now
that
it's
been
referenced,
I
think
it
makes
the
most
sense
to
make
that
public
so
that
we
can
have
a
chance
to
read
it.
I
think
also
with
the
understanding
that,
as
members
of
the
select
committee
in
the
legislature
that
we,
we
should
probably
consider
it
much
like
any
other
bdr
kind
of
a
living
proposal
document
that
that
we
can.
A
You
know
it's
it's
up
to
us
to
decide
what
pieces
of
this
make
the
most
sense.
What
pieces
of
this
could
work
for
us
and
work
for
nevada,
and
so
I
I
I
think
it
makes
the
most
sense,
at
least
for
us
to
be
able
to
and
the
public
to
access
that
initial
bill
draft
resolution
that
initial
proposal,
so
that
we
can
have
some
concepts
on
it.
A
I
think,
as
well
at
the
next
meeting,
it's
going
to
make
the
most
sense
for
us
to
have
a
walk
through
of
that
and
start
to
get
much
more
into
the
nitty-gritty
of
the
the
language
and
start
to
better
understand
what
is
what
is
being
proposed
in
that
bdr
to
help
move
the
conversation
forward.
But
but
that
is
not
something
I
think
I
see
mr
fernley
is
with
us.
I
think
staff
was
working
on
getting
that
posted.
J
Thank
you.
It
is
currently
on
the
meeting
page
for
for
this
meeting.
We
can
also
email
the
draft
to
the
committee
members,
but
it
is
on
the
meeting
website
and
we
will.
O
And
madam
chair
just
to
I
appreciate
that,
because
I
really
want
to
read
this
because
I
think
it'll
be
much
better
discussion
once
we
see
it
in
this
policy,
maybe
we
should
call
it
a
policy
paper
instead
of
a
bdr
but
that'll
help,
and
I
appreciate
senator
dennis's
questioning
he
actually
took
everything
that
I
had
to
say
for
now.
So
thank
you
vice
chair
and
madam
chair
for
the
time.
E
Thank
you
very
much,
madam
chair,
and
thank
you
all
for
the
presentation
it
was.
It
was
very
enlightening
and
helpful
to
see
some
of
the
additional
details
on
the
projects
that
blockchains
is
is
working
on.
I
think
that
was
that
was
helpful.
E
I
guess
there
are
a
few
things
that
have
come
up
in
the
conversation
so
far
it
sounds
like
some
of
them,
I
think,
will
be
covered
in
future
meetings,
so
I
don't
want
to
necessarily
go
down
that
path
right
now.
I
I
would
like
to
just
follow
up.
I
think
this
is
one
higher
level
question,
just
to
put
a
little
bit
more
of
a
point
on
some
of
the
questions
that
the
vice
chair
was
asking.
E
You
know
you
discussed
that
initially
you
kind
of
looked
through
a
few
different
options
and
concepts
before
bringing
forward
this
initial
proposal,
and
so
I
was
just
wondering
if
you
could
speak
to
why
you
know
the
creation
of
a
of
a
city
government
was
was
not
the
direction
that
you
decided
to
go
in
with
the
initial
proposal.
K
Sure,
thank
you,
madam
chairman,
to
you
through
to
member
watts.
So
when
we
began
this
discussion
and
looking
for
for
pertinent
examples
of
what
form
of
government
that
we
wanted
to
most
emulate,
we
first
began
with
examples
like
the
city
of
industry
and
city
of
commerce
that
you
may
be
familiar
with
in
california.
K
Were
special
purpose
municipalities
that
focused
city
of
industry,
obviously
on
industrial
development
and
such,
and
so
there
was
a
lot
of
similarities,
given
the
fact
that
this
this
entity
has
a
special
purpose.
You
know
it's
not
like
any
other
city,
and
nor
does
it
have
the
same
sort
of
mission
statement
as
any
other
city
would
have.
We
looked
through
the
city
construct
and
the
first
thing
that
you
know
there
gave
us
a
lot
of
great
information
from
the
standpoint
of
of
the
special
purpose.
K
Part
of
this
and
you'll
see
when
you
get
to
the
bill
draft
that
there's.
You
know
a
section
of
the
bill
draft
to
discuss
what
those
special
purposes
are
and
and
and
and
what
the
focus
of
this
city
is,
but
the
the
bottom
line
was.
K
It
was
still
obviously
underneath
a
county,
and
so
while
it
solved
some
problems,
it
it
didn't
solve
sort
of
the
predicate
problem,
which
was
that
a
county
having
that
jurisdiction
over
this
entity
created
just
you
know,
either
operational
conflicts
or
governance,
conflicts
that
weren't
conducive
to
the
you
know
the
development
of
this
innovation
zone.
So
we
looked
at
a
number
of
other
concerts.
K
We
looked
at
independent
cities
that
aren't
part
of
a
county,
there's
baltimore
st
louis
there's-
probably
I
don't
know
15
or
so
in
the
in
the
state
of
virginia
oddly
enough
and
then,
of
course,
our
own
carson
city,
which
is,
is
a
unique
structure
into
itself.
All
of
those
again,
I
think,
gave
us
a
great
reference,
but
weren't
the
exact
right
model.
The
closest
model
that
we
found
was
actually
the
reedy
creek
special
district
that
created
disney
world.
K
There's,
there's
a
a
rather
interesting
prospectus
on
that
that
was
done
through
the
florida
state
law
school
that
I
really
encourage
that
you
read
and
although
a
lot
of
the
things
in
there
weren't
sort
of
relevant
to
this,
because
it
was
obviously
done
in
the
50s
like
one-
was
only
landowners
could
vote
and,
of
course,
you
know
sort
of
throw
that
out
just
from
the
standpoint
of
of
of
reality
and
how
the
world
had
sort
of
evolved
since
the
50s.
K
But
the
point
of
why
disney
world
needed
its
own
autonomy
in
which
to
build
this
special
purpose
entity.
I
think
still
has
the
same
the
same
value
and
relevance
to
this,
and
so
as
we
go
through
the
bill
draft,
I
think
you'll
start
to
see
all
of
those
elements
and
why
it's
important
that
we
do
have
that
atomic,
but
also
the
limitations
of
that
autonomy.
Again,
we've
talked
about
the
fact
that
it
doesn't
have
autonomy
from
existing
statute
or
or
any
existing
regulation.
K
The
the
supervisory
board
itself
is
arm's
length
from
the
company
and
is
independent
from
the
company,
and
so
I
think
part
of
that
a
lot
of
the
answers
will
come
as
we
just
go
through
the
bill
draft
and
you
kind
of
realize
as
much
as
again
as
what
it
isn't
as
what
it
is.
I
think
that
the
answer
of
the
atomic
begins
to
make
its
itself,
hopefully
along
the
way.
E
Thank
you
for
that.
I
appreciate
that,
and
you
know
I
think,
that's
just
in
general,
you
know
a
topic
that
we
will
continue
to
revisit
in
future
meetings,
and
you
know
I
think
I
understand
one
of
the
it
sounds
like.
E
One
of
the
points
is
that
you
know
there
were
these
operational
or
governance
conflicts
that
you
foresaw
under
kind
of
the
current
system,
and
so
this
would
streamline
by
getting
rid
of
the
conflicts
at
the
county
level,
although,
as
as
the
vice
chair
noted,
there
could
still
be
some
operational
and
other
barriers
between
this
community
and
and
the
state
government
that
would
have
to
be
dealt
with
as
well,
and
so
I
think,
ultimately,
it's
trying
to
find
additional
efficiencies
and
how
this
community
could
fit
in
within
the
the
existing
frameworks
of
our
state.
E
So
you
know-
and
I
think
that
that
point
is
something
that
we're
going
to
want
to
continue
to
talk
about
through
this.
I
guess
the
the
other
piece
that
I
just
wanted
to
ask,
particularly
the
folks
at
blockchains
about
is
just
if
you
could
provide
a
little
bit
of
additional
detail
on
some
of
the
use
cases
for
either
specifically
blockchain
technology
or
kind
of
smart
technology.
E
In
this
community
and-
and
one
particular
question
I
have
is
you
know,
you
talk
a
lot
about
that
trust
and
kind
of
the
pro
consumer
focus,
and
I
think
you
know
my
understanding
is
that
it's
the
transparency
of
this
technology
that
lends
itself
to
that,
but
that
that
can
also
potentially
pose
issues
in
certain
use
cases
with
privacy,
and
I
saw
that
some
of
the
initial
areas
that
are
being
focused
on
include
health
care,
where
privacy
can
can
be
an
issue.
So
I
was
wondering,
could
you
just
a
discuss?
E
I
L
I
Potentially
look
like
for
the
residents
and
you
know
what
applications
we're
working
on
and
what
we
see
you
know
out
there
in
the
blockchain
world
because
again
we
we
can't
do
all
of
this.
You
know
ourselves,
we
view
this,
as
you
know,
a
collaborative
process,
but
you
know
on
some
of
the
trust
and
privacy
issues
matajesty.
I
think
you
can.
You
can
really
speak
well
to
those.
So
if
you
would
provide
some
some
color
on
that,
I
think
that'd
be
really
helpful.
J
J
This
technology
provides
a
typical
or
a
particular
type
of
trust,
that's
very
compelling
when
it
comes
to
privacy
issues
and
I'll
actually
use
a
real
life.
Example
in
nevada.
Going
back
to
my
point
that
you
know,
thoughtful
legislation
has
attracted
blockchain
companies
to
the
state.
J
There
was
one
blockchain
company
that
relocated
here
from
austin
texas,
called
titan
seal
that
you
may
be
aware
of,
and
they
started
a
pilot
program
with
the
washoe
county
recorder's
office
to
record
digital
marriage
certificates
on
a
public
blockchain
and
in
their
case
it
was
ethereum
and
the
pilot
was
wildly
successful
and
to
give
you
some
figures.
J
The
washoe
county
recorder,
who
I
discussed
this
at
length
with
told
me
that
when
the
customer
came
in,
they
had
a
choice
to
do
the
digital
version
of
the
marriage
certificate
using
public
blockchain
technology
or
they
could
do
the
traditional
method.
You
know
where
you
get
the
the
you
know
the
paper
and
the
embossment,
and
it
takes
about
a
week
for
it
to
come
in
the
mail.
You
know
so
really
slow
and
inefficient.
J
The
fees
set
for
marriage
certificates
are
actually
statutory
and
I
don't
recall
exactly
what
the
number
was,
but
they
had
done
enough
of
the
pilot
program.
A
couple
hundred
where
the
washoe
county
recorder's
office
could
compare
the
this
cost
savings
for
the
blockchain
based
version
of
the
marriage
certificate
versus
the
traditional
paper-based
version
and
what
they
found
is
the
washington
county
recorder's
office
was
experiencing
anywhere
from
a
27
percent
to
a
30
percent
cost
savings
using
blockchain
technology.
J
They
had
to
run
parallel
systems
to
do
it,
but
they
were
able
to
charge
the
same
price
because
it's
statutorily
set,
which
was
huge
for
their
office.
So,
rather
than
going
to
the
legislature
and
asking
that
they
increased
the
fees
and
nevada
residents
pay
more,
they
were
able
to
get
what
was
a
de
facto
budget
increase
by
offering
them
a
blockchain
based
solution
that
cost
dramatically
less,
and
I
use
that
example,
because
I
want
to
highlight
like
this-
is
not
something
that's
just
out
in
the
wild
and
we
talk
about
this
vision.
J
These
are
real
things
happening
for
nevadan
residents.
Today,
the
pilot
was
so
successful
that
clark
county
also
incorporated
the
technology
along
with
elko
county,
and
those
are
the
three
counties
in
the
state
that
have
chosen
to
use
this
technology
and
and
participate
and
experience
these
dramatic
cost
savings.
Nevada,
I
would
argue,
from
a
marriage
certificate
standpoint
is
the
most
technologically
advanced
state
in
the
entire
country,
which
I
think
is
exciting.
J
It
just
goes
to
show
that
this
stuff
works,
but
to
circle
back
to
your
question
about
privacy,
and
I
use
the
marriage
certificate
example
on
purpose.
A
marriage
certificate
has
personally
identifiable
information
on
it
and
when
you
hear
well
we're
storing
your
marriage
certificate
on
a
public
blockchain,
isn't
that
so
transparent
that
other
people
can
see.
You
know,
look
up
your
name
and
look
up
your
address
and
find
out
where
I
live,
and
that
scares
me
that
is
not
true
through
what
we
call
encryption,
algorithms,
which
not
get
too
technical.
J
The
software
actually
takes
a
digital
scan
of
your
marriage
certificate
through
the
county
recorder's
office.
So
it's
private.
It
runs
that
digital
version
of
the
document
through
a
software
algorithm
through
a
two-way
encryption
algorithm
and
once
it
goes
through
the
algorithm.
What
comes
out
is
a
string
of
random
characters
and
letters.
That
is
a
unique
fingerprint
for
that
particular
marriage
certificate.
J
Only
the
washoe
county
recorder's
office
has
that
information.
That
information
is
not
publicly
known
on
the
marriage
certificate
side.
The
details,
what
is
publicly
known
and
what
is
recorded
on
the
public
blockchain,
is
that
64
character,
string
of
random
numbers
and
characters.
That,
again,
is
the
unique
fingerprint
for
that
particular
marriage
certificate,
and
so
that
string
of
characters
is
what
actually
gets
recorded
on
the
blockchain.
That
is
publicly
visible,
but
nobody
can
take
that
information
and
reverse
engineer
it
to
find
out
exactly
what
that
marriage
certificate
says.
J
Only
the
washoe
county
recorder's
office
has
the
ability
to
do
that
and
other
government
agencies.
If
they
chose
to
plug
into
the
system,
they
could
themselves
be
given
access
through
proper
controls
and
verify
that
information
using
the
same
technology
if
they
wanted
to
verify
that
marriage
certificate
itself,
so
with
healthcare
with
energy
with
financial
services,
with
any
highly
regulated
industry,
that
privacy
is
paramount,
or
even
by
consumer
choice
if
they
want
to
opt
into
a
particular
system.
E
Thank
you.
I
appreciate
that
and
I
look
forward
to
I
think
mr
weisse
mentioned
that
you're
still
developing
some
of
those
additional
details
about
kind
of
what
the
operation
would
look
like
and
some
of
the
additional
use
cases-
and
I
thank
you
for
that,
and
we
look
forward
to
to
receiving
that.
Those
are
all
the
questions
I
had
adam
chair.
Thank
you.
A
O
I
appreciate
coming
back
to
me
chair.
I
started
to
understand
this
and
now
I'm
confused
again,
so
I
apologize
assemblyman
watts.
That
was
a
great
question,
and
so
if
the
blockchain
technology
was
able
to
work
within
washoe
county
and
their
marriage
license
in
some
other
areas,
why
can't
the
technology
work
within
story?
County
blockchain?
O
I
I
I
I
think
what
we're
talking
about
there
is
sort
of
a
you
know,
one-off
example
that
shows
the
power
of
the
technology.
For
a
particular,
you
know
discrete
discrete
function
again,
the
you
know,
marriage
certificates
are
relatively
centralized.
You
go
to
you
go
to
one
office,
you
fill
out
the
paperwork,
so
you
know
you
know
that
was
that
I
think
was
just
a
relatively
simple
software
change.
I
also
don't
don't
know
the
details
of
the
contract,
but
what
we're
talking
about
in
our
communities?
I
Much
more
than
just
changing
a
few
administrative
systems
and
again
we'll
get
into
you
know
more
detail
as
we
go
down
the
road
and
particularly
in
the
next
in
the
next
session,
where
I
I
believe
we
have
the
opportunity
to
present
again
we're
going
to
focus
more
on
daily
life
in
the
city,
but
we're
we're
talking
about
the
potential
for
residents
to
directly
trade
energy
with
each
other
by
storing
it.
I
In
you
know,
solar
by
the
use
of
solar
panels
and
batteries,
potentially
a
community
that
is,
has
nothing
other
than
autonomous
vehicles
where
you
would
have
to
try
to
arrive
at
the
community
anything
other
than
an
autonomous
vehicle.
You'd
have
to
leave,
leave
your
own
personal
vehicle
outside
outside
the
community,
and,
most
importantly-
and
I
I
mentioned
this
briefly-
we'll
go
into
more
detail
about
it.
The
next
time
a
smart
community
is
founded
on
on
these
data
sensors.
I
There
will
be
hundreds
of
thousands,
if
not
millions,
of
sensors
that
are
constantly
collecting
collecting
data
and
the
availability
of
that
data
will
allow
for
much
more
nimble
decision
making
and
the
concept
we
envision
through
technologies
that
are
available
or
that
the
residents
of
the
community
would
be
able
to
play
a
more
direct
role
in
that
decision.
Making
that
they'd
have
the
access
to
the
data
and
be
able
to
make
those
decisions
more
quickly.
So
I
completely
understand
exactly
where
your
question
is
coming
from
assemblyman
o'neil.
I
I
I
thought
the
same
thing
I
I
had
a
feeling.
Someone
would
ask
that,
as
as
as
that
was
developing,
but
I
think
if
you,
if,
if
you're
a
little
patient
and
and
let
us
talk
a
little
bit
more
about
the
specifics
of
the
city,
you'll
you'll
you'll
come
to
understand
that
this
is
a
little
more
than
just
changing.
A
couple
of
administrative
systems.
O
I
appreciate
that
I'll
give
you
all
the
patience
you
want,
but
you
got
to
understand
one
thing
I
just
printed
out
that
policy
statement
because
I
still
read
in
hard
line
and
I
ran
out
of
paper
so
yeah
I'll,
give
you
the
patience
and
the
time-
and
I
appreciate
the
time
chair
for
allowing
me
to
bring
up
a
second
question.
A
I
appreciate
that
additional
questions
of
the
blockchain
folks
at
this
time.
A
I
don't
think
I
see
any,
but
of
course,
we've
got
quite
a
few
more
meetings
in
front
of
us
where
I
think
we'll
be
circling
back
to
lots
of
these
different
kind
of
finer
points,
as
we
start
talking
about
them
in
a
more
nuanced
way.
So,
thank
you
so
much,
mr
arnott.
I
appreciate
your
time
in
the
presenters
you
brought
at
this
time.
M
Thank
you,
chair
benitez
thompson.
For
the
record,
my
name
is
jeremy
aguero.
I
was
asked
today
to
provide
actually
was
asked
over
a
year
ago
to
start
to
take
a
look
at
the
opportunity
zone
concept.
That's
been
provided
to
the
committee
today
and
try
to
craft
some
of
the
economics
behind
some
of
that.
What
does
it
mean
in
terms
of
jobs
and
wages
and
salaries?
What
does
it
mean
in
terms
of
fiscal
impact
in
terms
of
tax
collection
and
tax
implications?
M
How
does
all
of
that
play
out
the
analysis
that
we
did
has
four
key
component
parts,
so
many
of
that
so
much
of
that
has
been
covered
by
ms
bash,
mr
digesti,
as
well
as
mr
weiss
and
certainly
mr
ernot
in
terms
of
their
preliminary
comments,
I
don't
intend
to
go
back
through
that,
but
I
will
just
share
a
little
bit
about
the
analysis
that
we
did
and
provide
some
of
the
preliminary
implications,
and
the
results
of
that
analysis.
First
and
foremost,
is
the
investment
overview
and
the
vision
for
nevada
again.
M
So
much
of
that
has
been
covered.
You've
talked
about
painted
rock
and
the
innovative
innovation
park
and
what
it
kind
of
means,
and
what
they're
thinking
about
in
terms
of
development
and
there's?
No
doubt
this
is
nothing
more
than
a
than
a
rendering
a
conceptual
idea
of
what
it
might
look
like
in
going
through
that
exercise.
Much
of
the
analysis
was
predicated,
as
mr
digestee
brought
up
other
markets
that
have
attempted
to
to
either
position
themselves
or
develop
as
innovative
or
innovative
or
smart
cities
right.
M
What
their
industrial
base
looked
like
all
of
those
type
of
things,
what
they
kind
of
looked
like
as
they
went
as
they
developed
and
what
they
look
like
still
today,
however,
there's
only
one
at
least
that
I'm
aware
of
only
one
smart
city
that
was
built
from
the
ground
up-
and
this
is
a
picture
of
that
smart
city,
this
song,
doe
in
south
korea
and
and
it
was
designed
built
developed
as
a
smart
city
from
the
ground
up
and
encouraged
you
to
take
a
look
at
some
of
the
innovation
that
goes
on
here.
M
I
mean
some
of
the
questions
that
came
up
one
from
senator
dennis
about
what
are
tangible
examples.
Well,
tangible
examples
happen
all
over
the
place
in
songdo.
There
is
no
trash
pickup,
for
example,
there's
no
such
thing
as
trash
pickup
in
songdo.
Each
residential
unit
simply
has
a
mechanism
where
trash
is
collected
and
sent
directly
to
a
place
where
it
can
be
recycled.
M
The
development
activity
looks
different.
The
physical
footprint
looks
different
beyond
just
the
technology.
That's
advanced
and
innovative
there,
the
technology,
it's
the
footprint
actually
physically
looks
different
in
terms
of
the
types
of
buildings
that
are
constructed.
Some
forty
percent
of
all
the
lead
buildings
in
all
of
korea
are
within
this
relatively
small
footprint,
that
is
the
songdo
community,
and
the
only
reason
that
I
bring
this
up
is
because,
when
we're
looking
at
the
implications
of
an
economic
investment
and
we're
looking
at
the
implications
of
building
what
is
contemplated
here,
pete
excuse
me.
M
Mr
ernot
talked
about
having
35
000
residents,
we're
talking
about
11
million
square
feet
of
commercial
space,
we're
talking
about
22
million
square
feet
of
industrial
space,
all
kind
of
being
built
out,
but
all
being
built
out
differently.
I
think
the
way
that
mr
digesti
sort
of
talked
about
it
in
terms
of
doing
things.
A
different
way
is
reflected
here
and
that's
what
we're
really
trying
to
measure,
but
at
its
most
basic
we're
talking
about
the
development
of
a
community,
a
physical
footprint
that
is
the
manifestation
of
what
needs
to
be
built.
M
If
we
look
at
the
economic
impacts
associated
with
that
type
of
investment,
we're
talking
about
economic
impacts,
most
significantly,
we
think
about
economic
impacts.
We
think
about
the
impacts
on
direct
impacts
and
direct
impacts,
social
impacts
and
induced
impacts.
Those
type
of
things-
so
I
just
want
to
take
one
moment
and
talk
about
the
implications
of
that
we're
talking
about
economic
impacts.
This
is
the
impacts
on
total
revenue,
sometimes
thought
of
total
output.
All
the
business
receipts
that
happen
in
the
state
of
nevada
or
within
this
industry
are
thought
about
in
terms
of
economic
output.
M
Sometimes
we
think
about
it
in
terms
of
gross
state
product
and
we're
talking
about
wages
and
salaries
paid
to
families.
Working
families
in
the
state
of
nevada
not
include
any
of
that
activity
that
happens
outside
of
the
borders
of
the
state
and
then
we're
talking
about
employment
impacts,
jobs
created
in
nevada.
The
direct
impacts
are
those
that
are
directly
related
to
the
development
of
the
project
itself.
The
indirect
impacts
are
those
that
result
from
supplier
purchases.
M
Finally,
you've
got
induced
impacts,
so
I'm
going
to
show
you
in
a
moment
there's
a
substantial
amount
of
wages
and
salaries
that
are
paid.
Those
folks
go
back
to
various
communities.
They
spend
that
money
in
grocery
stores
and
doctors,
offices
and
movie
theaters,
but
whatever
that
they
wherever
they
spend
that
money.
That
then
creates
additional
jobs
throughout
our
community.
The
sum
of
all
those
being
the
total
impacts.
M
M
We're
not
talking
about
one-time
jobs,
we're
talking
about
permanent
jobs
on
average
over
that
entire
development
time
frame
about
25,
500
jobs,
total
excuse
me
direct
and
a
little
over
40
000
jobs,
total
in
the
state
of
nevada,
either
directly
or
indirectly
related
to
this
project.
The
fiscal
impacts
have
had
a
fair
amount
of
conversation.
I
realized
mountain
chair
you're,
going
to
spend
a
lot
of
time
talking
about
this,
I'm
just
going
to
touch
on
it
for
a
moment,
but
I
think
a
couple
of
things
are
important
to
reiterate.
M
The
governor's
office
said
at
the
outset.
The
idea
of
this
is
to
create
a
smart
city
without
incentives
and
and
where
all
of
the
taxes
that
would
otherwise
manure
to
state
governments
or
special
districts
will
continue
to
do
exactly
that
within
a
nevada
innovation
zone.
As
contemplated
the
fiscal
implications
of
the
individual
taxpayer,
they
will
pay
every
tax
that
every
business
pays
anywhere
in
the
state
of
nevada.
M
To
be
clear,
if
there's
a
tax
that
is
paid
by
businesses
or
paid
by
individuals
that
goes
to
fund
state
services
that
goes
to
fund
school
districts,
those
dollars
have
to
continue
to
be
collected,
have
to
be
directed
to
those
purposes
and
for
the
ones
that
go
to
the
state
oftentimes
deposited
directly
into
the
general
fund.
M
There
are
no
incentives,
there
are
no
discounts,
there
are
no
abatements
associated,
but
rather
there
is
a
responsibility
to
generate
or
to
provide
all
the
services
and
an
obligation
under
the
legislation
that
you
all
are
contemplating
to
essentially
bear
the
burden
of
an
additional
industry,
specific
attacks
that
will
not
only
be
utilized
within
the
innovation
zone
but
provided
throughout
the
state
of
nevada,
and
I
realize
it'll
be
more
to
get
discussed
relative
to
that.
It's
been
a
lot
of
conversation
about
the
concept
of
a
stable
coin
cryptocurrency
and
its
fiscal
implications.
M
I
am
very
glad
that
ms
bash
spent
so
much
time
talking
about
blockchain
blockchain
technology,
because,
while
blockchain
technology
is
necessary
for
a
cryptocurrency,
the
cryptocurrency
is
not
the
only
thing
by
a
long
shot.
That
blockchains
is
ultimately
utilized
for
one
of
the
ones
that
I
like
to
to
point
to
is
ibm's
food
trust.
Launching
right,
we
think
about
the
importance
of
our
food
supply
here
in
the
united
states,
ibm
create
a
use,
utilizing
the
blockchain
today
to
essentially
join
the
ecosystem
of
producers
and
suppliers
and
manufacturers.
M
M
Saving
lives
essentially
creating
increased
efficiency
and
making
sure
that
those
connections
are
made
as
efficiently
as
possible.
These
are
things
that
would
not
even
be
possible
without
the
blockchain,
and
we
think
about
so
many
of
them.
So
many
of
the
things
that
we
do
every
single
day,
banking
finance
id
management.
I
love
mr
digestey's
example
of
marriage,
records
and
those
type
of
things,
and
I
really
like
this
bash
because
I
had
not
seen
it
previously
concept
of
everything
that
goes
into
blockchains
in
terms
of
creating
almost
an
individualized
ecosystem.
M
For
purposes
of
all
of
those
type
of
transactions,
blockchains
is
one
technology
it
has
many
uses.
Cryptocurrency
is
one
of
those.
Certainly
a
hope
that
that
can
be
developed
because
of
those
transactions
that
would
take
place
would
not
only
be
stable,
and
obviously
we
know
that
digital
currencies
are
are
are
rapidly
developing
around
the
globe
and
certainly
in
the
united
states,
the
concept
would
be
to
create
a
stable
coin.
Cryptocurrency
in
the
state
of
nevada
test
it
develop
it
roll
it
out,
do
a
series
of
phases.
M
The
first
of
those
phases
is
shown
here
would
be
for
verticals
specific
industries,
where
the
utilization
of
a
digital
currency
is
frankly,
ripe
or
or
very
appropriate.
M
Two
of
those
that
come
to
mind
are
tncs,
where,
obviously
no
cash
transactions
can
take
place
or
and
marijuana
industries
cannabis
industries,
which
have
a
difficult
time
still
today
on
utilizing
the
traditional
banking
system,
utilizing
that
technology,
creating
that
incubation
for
businesses
that
will
develop
like
ibm,
utilizing
their
own
blockchain
technology,
the
ability
to
test
it
in
the
state
of
nevada.
M
The
second
piece
then
rolling
that
out
to
more
industries,
our
state's
gross
domestic
product
is
178,
now
billion
dollars
overall,
and
I'm
not
here
to
suggest
you
for
even
one
moment
that
all
of
those
transactions
would
somehow
be
be
subject
to
a
crypto,
cryptocurrency,
stablecoin,
cryptocurrency
or
any
other
type
of
digital
currency.
M
Of
course,
that
isn't
the
case,
but,
just
like
the
internet
has
permeated
almost
everything
that
we
do
we're
going
to
be
looking
back
20
years
from
now
and
looking
at
how
the
blockchains
change
blockchain
changes,
everything
that
we
do
having
that
develop
and
expand
nevada,
I
think,
is
very
important
and
finally
expanding
it.
Well
beyond
that
right,
a
lot
of
transactions
happen
all
over
the
globe.
M
A
small
percentage
of
that
and
the
ability
for
the
state
of
nevada
to
benefit
on
an
industry-specific
tax
would
be
transaction
based
where
those
transactions
are
based
in
the
state
of
nevada
would
ultimately
provide
a
substantial
opportunity.
Madam
chair,
I
appreciate
the
opportunity
to
be
here
today.
I'm
thankful
for
the
committee's
work
on
what
I
think
is
a
very
important
matter.
I
apologize.
I
am
more
than
happy
to
answer
any
questions.
M
However,
I
have
a
an
obligation
that
I
cannot
move
at
11
o'clock
today,
so
I
have
to
be
very
brief
in
my
responses.
A
Thank
you
so
much,
mr
aguero,
and
knowing
that
you've
got
kind
of
a
short
time
before
you've
got
to
move
on
to
your
next
obligation
and
we
have
the
powerpoint
that
you've
given
to
us.
A
I
imagine
members
have
questions
about
it,
but
I
think
what
we
might
do
is
because
we're
probably
going
to
have
bigger
discussions
about
economic
impacts
and
and
is
save
our
questions
for
for
that
time,
because
I
know
we'll
want
to
probably
dive
down
into
some
of
those
slides
and
have
questions
about
time
frame
when
things
are
realized
and
and
those
kinds
of
things
so
well.
Thank
you
for
your
presentation
right
now.
A
We've
got
it
out
there
and
in
public
and
all
members
have
it
and
then,
when
we
get
back
to
bigger
conversations
about
economic
impacts
of
the
state,
we'll
be
sure
to
to
bring
you
back
and
and
happy
available
to
members.
A
A
L
Thank
you,
madam
chair.
My
name
is
danny
thompson.
I'm
here
today
representing
the
operating
engineers,
local
3
and
local
12.,
to
speak
in
support
of
the
creation
of
innovation
zones
in
nevada.
You
know
I
I,
during
the
legislative
session
when
these
zones
were
talked
about.
The
first
thing
I
heard
people
say
was
well,
this
is
a
company
town
and
I
think
all
of
you
who
know
me
know
that
I
have
dedicated
my
life,
my
career,
to
representing
working
people,
and
I
can
tell
you
that
this
is
not
a
company
town.
L
In
fact,
it
is
exactly
the
opposite
of
a
company
town
and
I
think,
as
we
move
forward
in
these
presentations
since
the
committee
does
its
work
you're,
going
to
see
that
it's
not-
and
I
think
you
know
whoever
came
up
with
the
name.
L
Innovation
zones
couldn't
have
been
more
accurate
in
that
the
opportunity
before
us
is
truly
innovative,
and
you
know,
nevada
has
always
had
a
need
to
be
able
to
diversify
its
economy
and
always
wanted
to
be
on
the
cutting
edge
of
technologies
that
prevent
present
opportunities
to
us,
and
I
think
that's
exactly
what
you
have
before
you
today.
Blockchain
technology
is
the
future.
L
There's
no
question
about
that
and
I
think,
with
this
bill
or
this
committee,
you
have
the
opportunity
to
think
outside
of
the
box
and
take
the
opportunity
and
turn
it
into
the
first
in
the
nation,
smart
city,
that
will
create
millions
of
man,
hours
of
work,
thousands
of
jobs
and
the
opportunity
for
nevada
to
be
the
leader
in
the
nation.
L
L
You
know
that
kind
of
seems
like
it
could
be
pie
in
the
sky,
but
I
would
like
to
take
you
back
in
history
a
little
bit
because
I
remember
thinking
the
same
thing
of
another
issue
that
another
problem
that
nevada
had
to
solve,
and
that
was
in
the
early
1990s
in
clark
county,
where
you
know
the
county
is
90
dependent
on
lake
mead
for
its
water.
That's
still
true.
Today,
the
only
10
of
the
water
comes
from
other
sources,
pumping
and
other
tributaries.
90
of
the
water
comes
from
lake
mead.
L
It
was
a
single
pipe
in
the
lake
that
was
then
pumped
over
the
river
mountains
to
clark
county,
which
you
know
supplied
all
the
water
to
the
hotels
and
our
our
number
one
industry,
which
in
fact
the
las
vegas
strip
represented
about
fifty
percent
of
the
income
to
the
state,
and
it
was
realized
that
one
well-placed,
lightning
strike
or
one
act
of
terrorism
could
have
prevented
water
from
flowing
into
the
entire
county.
L
Something
had
to
be
done
and
it's
something
that
needed
to
be
done
was
huge,
and
so
the
southern
nevada
water
authority
put
together
a
group
of
business
leaders
and
labor
leaders
who
went
to
the
legislature
and
asked
for
the
authority
to
raise
the
sales
tax
by
a
quarter
cent
and
at
the
time
that
project
was
the
largest
would
have
been.
It
is
the
largest
public
works
job
done
in
the
history
of
the
state
of
nevada.
L
It
required
the
legislative
legislature
to
act,
and
they
did-
and
I
can
tell
you
today,
30
years
later,
that
act
is
still
paying
off.
We
went
from
a
system
that
had
a
single
straw
in
the
lake
to
adding
multiple
straws
tunneling
through
the
river
mountains,
with
tunnels
instead
of
pipes,
improving
and
redoing
the
entire
lateral
system
of
piping
in
in
clark
county,
improving
the
wastewater
system
so
that
the
water
could
be
recaptured
currently
clark
county
recycles
all
of
its
indoor
use
water.
L
I
don't
think
there's
any
place
in
the
nation
that
does
that
and
that's
the
way
we
survive.
We
get
300
000
acre
feet
a
year
and
we're
able
to
take
the
water
out,
treat
it
and
put
it
back,
which
you
know,
makes
us
unique
in
the
west
and
in
fact,
right
now.
If
the
lake
continues
to
decline,
which
the
drought
is
making
happening,
that
that
that
act
by
the
legislature
allowed
us,
then,
when
those
pumps
weren't
able
to
take
the
water,
we
then
installed
the
drain
in
the
colorado
river.
L
We
can
still
withdraw
our
allocation
from
from
lake
mead
and,
like
I
said
that,
didn't
just
happen
by
accident,
that
that
was
an
act
of
the
legislature
that
that
job
that
single
job
has
created
millions,
literally
millions
of
man-hours
of
work.
Hundreds
of
thousands
of
people
worked
on
that
job
and
today
you
know,
with
the
advent
of
and
again
another
legislative
act
that
allowed
us
to
build
a
stadium
in
clark
county.
L
You
know
we
have
a
world-class
stadium
as
a
result
of
that
they
built
the
practice
stadium
in
west
henderson
that
stadium
that
west
henderson
development
needed
a
lateral
piping,
which
is
being
paid
for
by
that
original
quarter.
Cent
sales
tax
to
fund
that
you
wouldn't
recognize
west
henderson.
That's
why
I
live
in
henderson.
I
will
tell
you
that
you
know
two
years
ago
it
was
all
desert
and
now
there's
houses,
there's
buildings,
there's
homes,
there's
apartments
and
there's
a
practice
stadium
for
the
raiders.
None
of
that
would
have
happened.
L
Had
we
not.
You
know
taken
that
bold
act
and-
and
I
dare
say
that,
given
the
drought,
las
vegas
would
be
a
completely
different
place
if
our
legislative
leaders
hadn't
had
the
forethought
to
make
that
happen,
and
so
you
know
today
I
think
that's
exactly
what
we
have
in
front
of
us
and
that
I
can
tell
you
historically,
you
know
you
look
at
something
like
this
and
you
say:
oh
well,
this.
You
know
that
just
sounds
like
high
in
the
sky.
L
It
doesn't
necessarily
mean
that
it
is
because
historically,
it's
happened
before,
and
the
great
thing
about
this
is
that
you
know
you're
not
going
to
have
to
have
a
quarter
sales
tax
increase
or
you're
not
going
to
have
to
allocate
room
taxes
to
pay
for
a
stadium
or
a
water
system.
This
is
something
that
can
be
done
with
private
investment
and
benefit
the
state.
You
know,
because
the
state
will
benefit
from
the
revenue
that
is
generated
not
only
by
creating
jobs
and
creating
new
taxpayers
and
but
creating
good
jobs,
because
there's
a
difference.
L
You
know
john
kennedy
said
the
best
form
of
welfare
is
a
good
paying
job.
There's
a
difference
between
between
creating
a
bunch
of
jobs
that
then
their
employees
end
up
on
medicaid,
and
I
think
you
all
know
all
too
well
what
that
means,
because
then
they
come
to
you
to
solve
their
health
care
problems.
And
you
know
the
net
effect
of
that
is
a
zero
loss.
When
you
have,
when
you
create
low
paying
jobs,
these
are
high-paying
jobs.
L
These
are
good
jobs,
with
benefits
with
people
who
can
afford
to
live
and
pay
for
their
own
health
care,
and
so
I
think
this
is
an
exciting
time,
and
I
think
this
is
an
exciting
opportunity
not
only
for
nevada
but
for
the
nation,
because
truly
the
creation
of
a
smart
city
based
on
blockchain
technology,
which
is
the
future,
will
set
us
apart
from
everyone
else,
and
so
I
want
to
thank
you,
madam
chair,
for
the
opportunity
to
speak
today.
L
I
want
to
thank
the
governor
for
bringing
forward
this
important
issue,
and
I
want
to
thank
blockchain
for
picking.
Nevada
is
the
place
where
they
want
to
make
this
investment
and-
and
let
us
have
this
opportunity
to
do
that,
and
so
I
would
urge
you,
on
behalf
of
the
operating
engineers,
local
3
and
12,
to
allow
this
to
happen,
and
with
that,
madam
chair,
I
would
like
to
turn
it
over
to
rob
benner
with
the
northern
nevada
building
trade,
so
he
can
discuss
with
you
what
the
local
impacts
could
be.
F
Okay,
good
morning,
madam
chair,
thank
you
rob
benner
for
the
record
representing
the
northern
nevada,
building
and
construction
trades
council.
Before
the
this
legislative
session,
we
were
approached
by
blockchains
llc
to
enter
into
a
cooperative
development
and
labor
agreement.
We
were
happy
to
do
so.
We
see
the
value
of
this
project.
F
F
They
will
this
this
city,
the
entire
city,
will
be
built
union
infrastructure
all
the
way
up,
but
also
I'd
like
to
point
out
that
blockchains
also
wanted
to
make
sure
that
small
business
also
had
an
opportunity
to
prosper
from
this
development,
and
we
also
have
language
in
there
to
make
sure
that
we
do
not
leave
out
nevada's
small
businesses
it
for
this
project,
so
they
will
also
benefit
when
we're
talking
jobs
in
the
building
trades.
F
We
are
talking
transformative
jobs.
These
jobs
lift
people
out
of
poverty,
they
put
and
put
them
in
the
middle
class
when
a
disadvantaged
or
or
displaced
worker
enters
into
one
of
our
apprenticeship
programs,
they
instantly
become
a
middle-class
participant
we
because
of
the
wages
we
pay
and
the
benefits
we
have,
and
this
will
provide
thousands
of
opportunities
for
those
workers
here
in
the
state
that
have
been
displaced
by
this
pandemic
and
also
opportunities
for
the
kids
that
are
graduating
from
our
local
local
schools.
F
This
project,
not
only
is
going
to
benefit
northern
nevada.
This
is
a
project
the
size.
The
size
of
this
project
will
also
benefit
southern
nevada
as
well.
We
saw
this
in
with
tesla.
Tesla
was
a
very
large
project
at
the
peak.
I
think
we
had
over
6
000
construction
workers
on
it.
We
did
not
have
6
000
construction
workers
here
in
northern
nevada,
especially
after
the
great
recession
that
actually
great
depression
that
we
saw
in
nevada.
F
F
We
also
a
project
this
size
will
help
us
also
overcome
the
the
retirement
tsunami
that
we
are
about
to
see
in
the
next
coming
years.
I
think
it's
pretty
well
known
that
in
construction,
the
average
age
of
a
construction
worker
is,
you
know,
late
40s
and
most
construction
workers
retire.
F
You
know
in
their
mid
50s,
so
we
are
looking
at.
You
know
potential
issues
when
it
comes
to
this
wave
of
of
retirees
coming
here.
F
So
we
need
to
you
know
this
project
like
this
will
make
sure
that
we
can
can
ensure
the
health
of
the
construction
industry
in
the
future.
I
know
a
lot
of
people
are
saying
out
there
that
you
know
well
isn't
construction
booming
right
now
here
in
northern
nevada,
or
you
know,
why
do
we
need
more
development?
Why
do
we
need
you
know
more
construction,
jobs?
Don't
white,
you
know,
don't
we
have
enough
as
it
is,
and
this
project
isn't
exactly
going
to
put
a
shovel
in
the
ground
tomorrow.
F
We
are
right
in
the
middle
of
the
legislative
process
currently
to
to
try
to
come
up
with
you
know,
a
bdr
or
something
to
propose
at
the
next
legislation
session,
and
you
know,
and
that
potentially
is
you
know,
2023
right.
So
you
know,
and
if
this
is
approved,
that
this
project
is
approved,
we're
looking
at
you
know
probably
another
say
two
to
three
years
past-
that
to
get
this
approved.
This
is
about
the
future
of
construction
and
also
when
we
go
back.
F
F
At
its
low
point,
we
hit
50
000,
we
lost
two
thirds
of
our
construction
workforce
and
believe
it
or
not,
even
though
everybody
says
hey
we're
booming,
there's
construction
everywhere,
nevada
is
currently
at
about
90
000..
We
still
haven't
recovered
the
construction
jobs
we
lost
from
the
2008
recession
or,
as
we
look
at
it
in
construction
depression.
We
saw
here
in
nevada.
F
So
with
that
what
we
are
really
looking
at
at
this
project
in
the
future,
we
think
that
the
potential
here
for
the
state
it
will
create
you
know
long-term
jobs.
It
will
help
us
get
past
some
of
the
issues
here
in
construction
industry.
When
we
look
at
you
know
retirement
this
will
provide.
F
You
know
thousands
of
opportunities
for
our
our
youth,
this
displaced
workers,
disadvantaged
workers,
to
enter
into
registered
apprenticeship
program,
free,
registered
apprenticeship
programs
where
they
come
out
and
are
automatically
entered
into
the
middle
class,
with
the
wages
they're
going
to
make.
So
with
that,
we
we
thank
watched
fans
and
we
thank
the
legislature
for
forming
this
committee
and
letting
us
discuss
all
discuss
this
and
move
this
forward.
A
Thank
you
so
much.
We
appreciate
that
any
questions
from
mr
thompson
or
mr
benner
at
this
point
from
committee
members.
A
K
O
K
I
think
of
a
unique
perspective
of
how
people
sort
of
absorb
this-
and
I
I
understand,
I
believe
where
most
people
are.
This
is
a
really
exciting
transformative
idea.
But
do
you
really
need
your
own
county?
I
mean
that's
the
part
that
probably
is
giving
everybody
from
from
member
o'neill
member
watts.
Vice
chairman,
you
know
some
some
trepidation
over
this
issue
and
yeah
we've
talked
about
the
incompatibility
of
the
operations
and
such,
but
I
think,
there's
a
more
seminal
issue
here
that
I'd
like
to
leave
everybody
with,
and
that
is
its
very
existence.
K
Now
that
we've
talked
through
what
this
means
to
the
state,
whether
it's
four
and
a
half
billion
dollars
of
tax
revenue,
you
know:
125
000
jobs,
a
smart
city,
unique
in
its
kind
of
35
000
people,
a
a
development
center
of
over
20
million
square
feet
of
of
development.
You
can
understand
that
this
is
an
unprecedented
development
and
somebody
has
to
permit
somebody
has
to
say
yes,
and
so
the
idea
of
this
is
weighing
in
your
mind
of
does
the
reward?
K
Does
the
reward
outweigh
the
risk,
or
does
it
does
it
validate
the
risk
of
having?
Actually
the
state
say
yes,
rather
than
leaving
it
to
a
local
government?
That's
going
to
be
a
conversation
that
we're
going
to
have
throughout
the
next
four
months.
We
look
forward
to
having
that
conversation
and
continue
that
conversation
with
story,
county
and
all
of
the
other
counties,
so
they
make
sure
that
they
understand
that
you
know
we
want
to
make
this
compatible
with
all
the
surrounding
counties.
We
don't
want
to
make
this
owner
owners
on
story
county.
K
We
want
to
make
story
county
whole.
We
are
flexible
in
discussing
the
form
of
that
government,
but
ultimately
assembling
o'neill
and
vice
chairman
dennis
simon
watts.
Your
questions
are
very
valid,
but
I
want
to
leave
you
with
this
if
this
is
truly
transforming
if
this
truly
positions
nevada
as
the
global
leader
in
the
most
important
emerging
technology
of
our
time,
somebody
has
to
say:
yes,
somebody
said,
has
to
say
we
we
support
this.
K
We
permit
this
we're
going
gonna
allow
this
to
be
built,
and
that
is
gonna
be
a
similar
question
that
this
committee
will
debate
and
vet
and
maybe
even
argue
over
over
the
next
four
or
five
months,
and
we
look
forward
to
we
look
forward
to
being
part
of
that
discussion.
So,
madam
chairwoman,
thank
you
for
indulging
us
and
having
us
today
in
this
special
committee.
A
Absolutely
I
thank
you
for
that.
You
know
along
that
same
lines.
I
I'll
just
say.
I
think
that
we've
got
we've
got
four
more
months
for
this
select
committee
to
meet.
We've
got
five
more
meetings
in
front
of
us,
and
so
we
will
be
talking
a
lot.
I
think
the
goal
of
today's
first
meeting
was
get
the
idea
out
there
get
it
in
public.
A
There's
been
a
lot
circulating
out
there,
but
this
is
the
first
time
that
we
as
a
state,
how
are
having
a
public
conversation
about
this,
so
it
was
important
to
get
the
idea
out
there
in
a
bigger.
You
know
public
format
to
get
the
make
sure
we
got
the
vdr
posted
and
language
posted
in
a
bigger
public
format
and
that
we
started.
A
You
know
a
very
transparent,
open
dialogue
because
there
have
been,
as
I
think
has
been
mentioned
by
different
presenters
throughout
this
lots
of
conversations
happening
lots
of
dialogue
happening,
but
none
of
it
brought
to
this
level
where
we're
able
to
look
at
everything
comprehensively.
A
I
think
a
special
note
that
I'm
interested
in
is
for
the
past
decade.
Nevada
has
been
committed
to
economic
development
and
it's
a
bit
a
certain
template.
It's
fit
a
certain
type
of
way
right.
We
wrote
our
nrs's
and
we
we,
we
have
kind
of
a
cookie
cutter
structure
we've
been
using,
so
I
think
that
in
some
ways
it
makes
sense
to
argue
and
talk
about
economic
development
in
the
new
phase
for
nevada.
A
So
I
think
that
that's
important
also
the
conversation
around
impacts
and
impact
offsets,
because
every
time
we
talk,
we
would
talk
in
talking
about
economic
development
in
a
vacuum.
As
long
as
you
can
get
the
jobs
here
and
get
people
there,
then
everything
else
is
fine,
and
we
know
from
the
past
decade
that
that
doesn't
that's
not
true
that
you
have
to
talk
about
quality
of
life.
You
talk.
Half
talk
about
housing,
you
have
to
talk
about
education.
A
You
have
to
talk
about
infrastructure.
You
have
to
talk
about
all
of
that.
So
whether
or
not
a
blockchain
and
an
innovation
zone
company
is
going
to
set
up
in
story
county
under
a
county
commission
under
us,
a
city
government
under
a
special
youth
district.
The
idea
that
there's
going
to
be
35,
000,
more
people
living
out
in
the
desert.
A
You
know
begs
the
question
of
impacts
and
I
think
that
it's
important
that
those
conversations
happen
at
the
front
rather
down
the
road
once
you've
got
a
pressing
problem
with
water
once
you
have
a
pressing
pot,
a
problem
with
infrastructure,
and
that
all
of
that
ought
to
be
considered
upfront
so
that
that
those
kind
of
ethos
within
the
conversation
of
economic
development,
I
think,
are
what
what
are
the
most
fascinating
to
me
within
the
concept
of
this.
This
proposal
that
we'll
be
exploring
so
with
that
being
said,
we
are
anyone
else.
A
I
guess,
since
I
we
let
mr
ernot
kind
of
we
don't
have
an
agenda
item
for
pontificating
but
any
other
members.
I
kind
of
stated.
I
guess
what
I
would
like
to
see
is
some
of
my
goals,
moving
forward
in
conversations
and
topics
moving
forward.
We
obviously
have
the
guidelines
from
the
resolution,
but
would
any
other
members
like
to
add
anything?
That's
a
particular
interest
or
top
of
mind
or,
as
we
move
forward.
A
Senator
lang,
yes,
thank
you.
I
appreciate
what
you
just
said.
I
agree
with
you.
I
think
those
topics
are
all
important.
I
also
we've
talked
a
lot
about
the
impacts
and
the
benefits
to
the
state.
I
really
want
to
you
know
this
is
going.
D
Thank
you,
madam
chair,
and
I
you
know,
I
think
I
I
kind
of
addressed
this
earlier,
but
I
just
want
to
make
sure
I'm
clear.
I
don't
when
it
comes
to
the
blockchain
technology
side
of
this.
That's
a
huge
thing,
and
I
understand
that
at
the
end
of
the
day,
I
don't.
I
don't
know
that
I
mean
I
don't
know
about
anybody
else,
but
that
technology
is
huge
and
being
at
the
forefront.
That
is
important.
D
What
I
want
to
get
to
is,
how
does
having
an
innovation
zone
buy
into
that
and
as
well
as
how
it
works,
and
all
you
know
all
the
other
things
that
we've
talked
about,
so
I
I
think
that
that's
important
because
it
really
is,
I
mean
it
is
a
transformative
technology,
that's
the
future,
and
if
we
can,
as
a
state
be
able
to
that,
you
know
become
a
leader
in
that.
D
I
think
that's
important
if
we
want
to
diversify
our
economy,
but
at
the
end
of
the
day
I
I
still
need
to
when
we
get
to
the
end
of
all
of
this
is
understand
how
having
the
innovation
zone
does
that.
A
O
Yes,
madam
chair,
I
would
love
to
have
in
the
next
meeting
the
opportunity
to
have
more
interaction
with
some
of
the
individuals
that
are
affected
by
this,
such
as
story
county,
the
county
that
I
represent.
So
we
could
have
the
discussion.
You
know
it
was
brought
up
who's
going
to
permit
this
well,
have
they
even
applied
for
permit
yet
have
they
been
given
the
permit
application,
not
turned
it
back,
what's
the
process,
so
in
that
respect,
I'd
appreciate
some
more
time
on
that
subject.
Thank
you,
madam
chair.
A
I
I
think,
you're
right.
I
think
that
makes
absolutely
a
lot
of
sense.
I
still
needman
watts
anything.
E
Thank
you,
madam
chair.
I
think
I
I've
spoke
to
some
of
them
and
I
actually
I
agree
with
a
lot
of
the
points
that
that
you
brought
up
as
well
as
the
vice
chair.
You
know.
I
think
that,
and
even
to
some
of
the
framing
of
the
issue
that
mr
arnott
provided.
E
So
you
know
I
think
it's
you
know.
I
know
that
blockchains
in
particular,
announced
their
intent
and
interest
in
developing
this
community
some
time
ago,
prior
to
the
innovation
zone
concept
being
brought
forward.
So
I
think
you
know
really
being
able
to
dig
into
what
does
this
look
like
and
then
what
what
is
actually
needed
in
terms
of
policy
to
facilitate
that
and
to
to
the
points
brought
up
by
the
chair?
E
What
are
the
potential
impacts
of
that
and
making
sure
that
that
we're
considering
those
and
balancing
the
resource,
questions
and
then
and
any
other
impacts
in
figuring
out?
You
know
what
policy
changes
may
need
to
occur
in
order
to
facilitate
this
sort
of
smart
community
development
in
the
state.
O
O
A
Absolutely
okay.
So
with
that
being
said,
I
will
move
into
agenda
item
eight,
which
is
public
comment,
so
we're
going
to
offer
a
second
period
of
public
comment.
If
there's
anyone
wishing
to
provide
comment,
please
call
the
number
that
is
indicated
on
the
agenda
and
you'll
be
informed
by
staff
of
our
broadcasting
production
services
when
you've
been
connected
and
when
it
is
your
turn
to
speak
again,
comments
will
be
limited
to
two
minutes
per
person
and
you
may
submit
any
additional
comments
in
writing
to
be
included
for
the
record.
C
C
H
Thank
you,
madam
chairman,
and
members
of
the
committee
for
the
record,
mary
walker,
m-a-r-y
k,
e
r,
representing
story
county.
I
was
interested
in
mr
arnott's
comment
that
the
closest
model
of
the
innovation
zone
is
the
reedy
creek
improvement
district,
which
is
controlled
by
the
walt
disney
world.
Over
the
past
three
months,
I
have
researched
this
district.
H
If
you
look
at
section
16
paragraph
one
of
the
proposed
bdr,
it
gives
the
interstate
innovation
zone
the
power
and
authority
of
the
county
government.
However,
the
reedy
creek
improvement
district
is
a
general
improvement
district.
It's
not
a
county
when
the
florida
legislature
in
1967
created
the
reedy
creek
improvement
district.
They
did
so
with
reedy,
creek
still
being
within
the
two
existing
counties
of
orange
and
osceola
counties.
H
H
County
blockchain
llc's
proposal
will
provide
more
power
and
authority
than
any
other
entity,
including
the
walt
disney's
reedy
creek
improvement
district.
If
wild
creek,
if
walt
disney,
can
work
within
the
jurisdictions
of
two
counties,
why
can't
blockchain
llc
work
within
one
county
story,
county
known
as
the
most
business
friendly,
innovative
friendly
county,
not
only
in
the
state
but
in
the
country?
C
G
G
The
sandbox
exercises
where
amazing
minds
can
develop
new
things
and
even
the
smart
city
that's
being
proposed
at
painted
rock
the
timeline
that's
attached
to
that
is
very
important.
It
highlights
a
couple
things,
including,
but
not
limited
to.
In
2000
we
provided
a
development
agreement
at
the
tahoe
reno
industrial
center
that
freezes
regulations,
fees
and
decisions
for
50
years
and
that
kind
of
development
agreement
could
have
been
applied
elsewhere.
In
2006,
the
painted
rock
planned
unit
development
of
roughly
3
600
homes
was
approved
by
the
planning
commission
and
by
the
county
commission
in
2016.
G
The
master
plan
was
completely
rewritten
to
support
and
have
emphasis
on
large-scale
residential
development
at
painted
rock,
including
mixed-use
urban
type
of
environment
and
in
2016
or
actually
in
2015.
The
story
county
school
district
supported
the
master
plan
having
a
magnet
school
at
painted
rock
supporting
technology,
and
not
just
for
story,
county
kids,
but
for
kids
throughout
northern
region,
including
washoe,
reno
sparks
and
otherwise
in
2018.
G
We
completely
rerolled
our
subdivision
ordinances
to
accommodate,
painted
rock
and
in
2021
repeated
letters
to
the
governor,
the
legislature
and
others
testimony
to
the
legislatures
and
other
engagements
again
support
support
support
technology,
this
quote-unquote,
sandbox
environment,
the
smart
city
and
these
other
things
are
painted
blocked.
Repeated
evidence
upholds
these
truths
that
separation
of
government
is
not
necessary.
G
C
B
Good
morning,
madam
chair
members
of
the
committee
for
the
record
rush
james
r-u-s-s
j-a-m-e-s
and
the
president
of
the
northern
nevada
building
construction
trades
council,
representing
about
five
thousand
construction
workers
and
their
families.
We
are
in
support
of
allowing
this
innovative
zone
legislation
to
proceed.
Nevada
has
a
unique
opportunity
to
be
at
the
forefront
of
the
technology
that
could
transform
our
state
and
diversify
our
economy,
which
is
heavily
reliant
on
gaming,
while
nevada
has
been
diversifying
its
economy
in
recent
years.
We
have
not
had
an
opportunity
such
as
this.
B
C
O
F:
u
l,
e
r
t
o
n
with
the
operating
engineers,
local
3,
here
in
northern
nevada.
We
are
in
support
of
the
innovation
zone
legislation.
O
We
believe
that
this
this
this
new
community
will
provide
good
paying
jobs
for
years
to
come
and
not
only
good
paying
jobs
just
on
the
infrastructure,
but
even
in
the
construction
of
the
local
convenience
store,
when
I
say
good,
paying
jobs.
These
are
not
only
good
paying
jobs
with
the
wages
that
they
can
spend
in
their
communities.
But
these
are.
O
These
are
jobs
that
provide
health
care
for
for
the
individuals
that
perform
those
those
duties
as
well
as
long-term
benefits
and
good
retirement
plans,
and
we
believe
this
is
a
benefit
for
the
working
women
and
men
and
here
in
northern
nevada,
not
only
that
their
plan
is
to
make
sure
that
the
development
of
future
construction
workers
or
the
workers
in
these
areas
are
developed
through
the
apprenticeship
programs,
and
we
believe
that
this
is
a
a
long-term
benefit
for
not
only
the
county
that
it's
going
to
be
based
in,
but
also
the
the
bedroom
communities
of
the
washoe
counties.
C
C
B
Hello,
my
name
is:
will
adler
w-I-l-l-a-d-l-e-r,
I'm
representing
pyramid
lake
paiute
tribe,
as
their
representative
from
ssgr
associate
government
relations?
So
just
just
I
want
to
have
a
quick
moment
here
from
a
top-down
view.
I
I
firmly
appreciate
the
introduction
of
this
new
build
draft
and
some
of
the
material
presented
today,
but
similarly
upon
first
review.
Much
of
this
language
does
seem
similar
to
the
language
first
introduced
at
the
nevada
state
legislature.
B
So
with
that
pyramid
lake
and
his
previous
concerns
around
innovation
zones
and
the
impact
it
could
have
in
the
region,
specifically
the
turkey
river
basin,
holds
to
where
they
were
previously.
Today.
The
innovation
zones
seem
to
have
a
little
regard
for
the
natural
resources
required
for
the
proposed
development
and
a
little
regard
for
the
impact
on
the
regional
governance
and
what
30
000
homes
would
do
for
the
region.
B
B
General
improvement
district,
general
manager
for
the
record.
I
just
wanted
to
state
that
the
information
presented
today
is
interesting
and
I
think
it
warrants
careful
vetting
by
the
committee
and
also
response
from
the
stakeholders.
Try
gid
looks
forward
to
that
opportunity
in
the
upcoming
meeting.
For
example,
the
bdr
posted
today
contains
the
same
language
that
generated
the
concerns
that
we
listed
in
the
letter
submitted
for
public
comment
earlier
in
this
meeting.
Thank
you.
C
B
And
I'm
calling
in
to
support
the
innovation
zone
and
stand
with
the
northern
nevada
building
trades.
I
represent
the
international
union
of
the
elevator
constructors
that
we
represent
the
elevator
constructors
that
build,
install
and
maintain
the
elevators
in
northwestern
nevada,
and
we
support
this.
Thank
you.
C
P
Yes,
thank
you
chair
thompson,
benitez,
thompson
and
committee.
My
name
is
clay,
mitchell
c-l-a-y
m-I-t-c-h-e-l-l
and
I
am
a
story
county
commissioner.
I'm
grateful
that
you're
willing
to
take
the
time
to
consider
this
issue
and
as
well
for
those
on
the
committee
who
have
asked
that
we
be
included
in
a
meaningful
way
in
the
discussion.
P
P
I
approach
you
with
a
healthy
understanding
of
the
concepts
and
technologies
being
discussed
and
with
a
clear-eyed
and
thoughtful
approach
to
those
things
I
want
to
be
absolutely
clear
story.
County
is
not
opposed
to
this
development.
We
are
simply
concerned
about
the
separate
governance
piece.
In
fact,
I'm
quite
excited
about
the
opportunity
that's
presented
here.
It
leaves
me
wondering
why
haven't
the
specifics
of
this
idea
been
presented
to
the
host
county
first?
P
Why
have
we
not
seen
the
details
of
this
master
plan
community,
which
sounds
wonderful?
Why
are
we
I
mean
we're
well
equipped
and
positioned
to
help
vet
and
flesh
out
these
lofty
ideas,
and
I
look
forward
to
detailing
some
of
the
innovative
structures
and
agreements
that
we've
already
employed
within
story
county
under
existing
structures.
P
Apparently,
this
idea
was
discussed
for
six
to
nine
months,
with
no
direct
impact
from
the
county
prior
to
being
being
presented.
We
remain
open
to
discussing
creative
structures
and
agreements
to
provide
leeway
to
blockchains
to
allow
them
to
innovate.
I
feel
confident
that,
if
meaningful
conversation
about
the
perceived
conflicts
happens
with
the
county,
it
would
disabuse
the
proponents
of
this
project
of
some
of
their
preconceived
notions
and
assumptions
about
the
viability
of
working
with
us.
P
I
mentioned
that
because
there
are
acute
risks
inherent
with
proposed
governmental
autonomy,
statute
and
case
law,
around
cities
and
counties
and
how
they
interrelate
and
how
they
relate
to
the
state
are
well
understood
and
settled
in
our
state.
I
would
strongly
encourage
this
committee
to
delve
into
the
implications
of
creating
a
new
and
untested
political
subdivision.
P
Doing
so
is
virtually
guaranteed
to
produce
unintended
consequences,
which
suggests,
as
the
vice
chair
suggested,
that
we
should
be
absolutely
sure
that
the
aims
and
benefits
of
this
proposal
can't
be
accomplished
through
existing
structures
before
pursuing
a
new
structure,
and
I
would
submit
that
that
assertion
has
not
yet
been
proven.
I
look
forward
to
delving
into
the
claims
that
have
been
made
and
providing
some
ideas
and
options
that
would
facilitate
this
project
and
the
impact
discussion
that
the
chair
has
asked
for
it's
crucial
and
we
look
forward
to
it.
Thank
you.
B
Yeah,
my
name
is
skip
daily
s-k-I-p-d-a-l-y
here
representing
the
labor
union,
local
169
here
in
northern
nevada,
and
I
wanted
to
enter
in
the
support
for
the
innovation
zones
and
look
forward
to
discussion
that
we're.
Having
wanted
to
thank
the
chair
for
getting
the
proposed
bdr
up,
so
people
can
read
it
and
I
plan
to
do
so,
but
in
my
previous
interactions
with
the
proposers
any
concerns
that
had
come
up
in
various
things,
they've
been
very
open
and
responsive
to
addressing
those
issues.
B
I
understand
and
support
the
geopolitical
concerns
on
the
city
versus
the
county
and
support
the
direction
that
they're
headed
with
the
separate
governmental
structure,
partly
based
on
history,
with
story
county
and
their
reluctance
to
build
any
residential.
But
I
do
believe
that
this
innovation
zone
can
be
huge.
Transformational,
and
I
know
a
lot
of
people
have
said
that
don't
want
to
put
too
much
emphasis
on
that,
but
it
for
decades
to
come.
I
think,
will
impact
northern
nevada
in
a
positive
way
in
ways
we
can't
even
think
of
yet.
B
I
know
when
we
dedicated
the
new
road
there
between
I-80
and
out
into
lyon,
county
the
innovation
highway
or
the
infinity
highway.
Excuse
me
you're,
always
in
contemplation
of
various
things,
just
like
this
in
the
innovation
zone,
so
we're
in
support
the
details
matter
and
needs
to
be
vetted
by
this
committee.
I
have
complete
confidence
that
you
guys
can
do
a
thorough
job
of
that.
Thank
you.
Thank
you
for
time.
C
A
Thank
you,
everyone.
Thank
you.
Everyone
who
provided
public
comment.
We've
got
a
lot
of
work
in
front
of
us
over
the
next
few
months,
and
I
appreciate
the
input
from
all
the
committee
members
as
to
different
types
of
subject
matter
and
topics
that
they
want
to
make
sure
that
we're
really
covering
and
delving
into,
and
so
now
that
we've
moved
through
all
of
our
agenda
items.
A
We
have
no
further
business
before
us,
we'll
be
in
touch
about
when
the
next
committee
is
and
and
then
we'll
have
our
next
agenda,
and
obviously
we've
got
lots
of
things
to
to
cover
between
here
and
there,
but
for
the
purposes
of
today's
meeting,
we
are
adjourned.