Diversify Nevada's Economy
As Governor, I will diversify the Nevada economy using a carefully designed and expertly executed plan and strategy. It will rest upon a strong Public-Private partnership coupled with my "Made In Nevada" initiative.
The state and local governments would offer incentives to facilitate strategic business relationships, and expedite infrastructure improvements, inspections and licenses, as well as help to coordinate logistics. Meanwhile, the companies within Nevada’s predominant industries would make a rock solid commitment to help grow medium sized businesses headquartered here.
The key to Economy Diversification rests on our ability to develop a bedrock industry that, for years to come, will ensure the viability of a myriad of businesses, all of which will remain necessary within the emerging global economy. Technology is that industry. Therefore, I would focus on making Nevada the world center for Technology Development.
In the near future, and beyond, the employment of new and exciting technology will advance exponentially. Thus, having the advantage of first access to the newest, greatest, state-of-the-art technology, well ahead of all others, would put Nevada in a position to achieve greater Nevada business sector diversity.
To gain this technological advantage, without fail, we must improve our educational system.
Utilizing advanced technology, we can grow, develop, and attract businesses that are not casino, mining, or auto manufacturing related. Yet, to keep those businesses viable, we must keep them stocked with home-grown talent. Therefore, we must improve outcomes at the K-12 education level, among our institutions of higher learning, and through the Department of Education, Training, and Rehabilitation. We must also improve our graduation rates and do more to enable first generation Nevadans, parents and children, for whom English is a Second Language, to adapt, learn, and speak English in their homes.
Nevada Businesses are either Producers, Distributors, Vendors or Lenders.
There are four four forms of Production: Farming, Fishing, Mining or Manufacturing.
There are four types of Distribution: Information Reporter, Domestic Transporter, Importer, and Exporter.
There are three types of Vendors: Wholesale, Retail, or Real Estate Sales.
There are three types of Lenders: Financial, Services, or Property.
Nevada's casinos and mining companies regularly utilize the product offerings or services of all of four of these pillars of businesses.
As Governor, I will establish a "Made in Nevada" initiative and strategically couple it with a Nevada Business First Public-Private partnership. Under that initiative, our state and local governments would provide credits and incentives to casinos, mining companies, and others in predominant industries who commit to the long term purchase of goods and services from emerging Nevada based suppliers. Government will facilitate strategic partnerships, expedite inspection, licenses, and help coordinate B-2B logistics.
Initially, the casinos, mines, auto manufacturers, and other prominent companies may have to pay slightly more for the products, goods, or services provided by their Nevada based suppliers. However, due to the proximity of these Nevada based businesses, that added cost would be offset by significantly reduced freight costs and minimal delivery time. Given the added cost of imports due to sanctions, many companies will choose to acquire their supply locally.
This Made in Nevada/Public-Private initiative would enable small to medium sized, emerging, Nevada based, producers, distributors, vendors, and lenders to grow their operations. Eventually, those companies will grow beyond simply accommodating the needs of Nevada's casinos, mines and auto manufacturers. Soon they would be able to compete in the national and global marketplace, and place their products, goods and services into the National and International stream of commerce. Consequently, they will create jobs and other ancillary opportunities for Nevadans.
This comprehensive Made in Nevada/Public-Private initiative would directly benefit our effort to diversify the Nevada State economy.