Democratic Gov Steve Sisolak announced a plan to launch so-called Innovation Zones in Nevada to jumpstart the state s economy by attracting technology firms.
Regulatory sandbox bill would let Utah startups avoid regulations
Businesses would have to apply and it would last one to two years
Utah startup companies could soon apply to avoid regulations for a certain amount of time if a bill passes the Utah State Legislature.
and last updated 2021-02-07 21:00:49-05
SALT LAKE CITY, Utah â A bill making its way through the Utah State Legislature would let Utah startup companies avoid regulations for a limited amount of time.
The hope is this would let new businesses flourish and thrive without being held back by all of the red tape.
House Bill 217 (H.B. 217) focuses on making a Regulatory Sandbox Program for Utah businesses.
Nevada Gov. Steve Sisolak plans to introduce legislation that would permit technology companies to establish separate local governments within the Silver State, according to a draft of the proposal.
SALT LAKE CITY A new bill under consideration on Utah s Capitol Hill would expand a regulatory relief program, which is currently available only to certain types of businesses, to any industry in the state.
HB217, sponsored by Rep. Cory Maloy, R-Lehi, would expand the availability of regulatory sandboxes and create a new regulatory relief office within the Governor s Office of Economic Development.
But what is regulatory sandbox? A regulatory sandbox is a new and unique way for businesses to innovate, Maloy told KSL.com. The main purpose is to encourage innovation, especially among small businesses and entrepreneurs.
Essentially, a regulatory sandbox allows startups and established companies to work on new projects and ideas without following all of a state s regulatory proscriptions, as long as they have government preapproval. Benjamin Hart, deputy director of the GOED, said the sandboxes allow innovative ideas from businesses at the vanguard to thrive.
Sudbury mining supply group stakes its claim in Nevada
MineConnect to establish incubator space for Northern Ontario companies to dive into southwestern U.S.
Feb 5, 2021 11:41 AM By: Northern Ontario Business Staff
(Premier Gold Mines photo)
The mining industry in northern Nevada will have access to Canada s largest concentration of hard rock mining expertise when MineConnect, Sudbury s mining supply and service organization, sets up shop in Elko later this year.
The Nevada Governor’s Office of Economic Development and the Northeastern Nevada Regional Development Authority announced the signing of a three-year partnership with MineConnect to establish a business incubator space this summer to support the state s mining industry.