Nevada may create areas for tech companies to form own governments

Nevada Governor Steve Sisolak introduced legislation that would allow major technology companies to form their own local governments.

The proposal calls for the creation of “Innovation Zones” that would have the same authority as a county, including the ability to levy taxes, form school districts and courts, and provide government services. The legislation would not provide subsidiaries or public funding for the formation of these “techno-governments.”

The governor mentioned Blockchains, LLC as already being committed to creating a local government that would run on blockchain technology. According to their website, Blockchains, LLC owns over 67,000 acres in Storey County, Nevada. The company says it wants to convert this land into “the most advanced ‘high-tech’ community and society for business and residents in the country.”

The Sisolak Administration said corporate-run communities are necessary to foster growth in the high-tech industry in the state and would spur economic growth.