The puzzle of how to diversify, strengthen and bring cutting-edge entrepreneurship to Nevada’s economy has been a test of endurance, innovation and strategic thinking. It has been a challenge that the state has confronted by connecting private investment with government support, attracting companies to relocate to Nevada and focusing on home-grown startups.
Today, those myriad efforts are all interlinking into a cohesive strategy that is gaining momentum and bringing a vibrant new economy to our state. The groundwork that has been laid is resulting in an entrepreneurial uprising of technology, green energy, IT infrastructure, distribution and manufacturing.
Here are three ways Nevada has positioned itself for success and utilized its economic potential:
Nonprofits: Nevada nonprofits have grown into a strength for the state. Nevada’s Center for Entrepreneurship and Technology, the Nevada Institute for Renewable Energy Commercialization and many other nonprofits are funding, supporting and driving innovation in Nevada. Program’s like NCET’s Donald W. Reynolds Governor’s Cup and the newly launched Project Vesto are seeking out the best business ideas in the state and putting money behind them. As NIREC explains Project Vesto, it is about “getting the right funding to the right entrepreneur at the right time.”
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