LVGEA will post regular updates in this space about the organization’s efforts during the 2025 legislative session. Read each dated update below:
April 2, 2025 UPDATE
SB199 – Enacts provisions relating to artificial intelligence systems – OPPOSE
SB199, sponsored by Senator Neal, aims to establish state-level regulation for artificial intelligence (AI) systems by requiring AI companies to register with the Bureau of Consumer Protection and imposing various requirements on AI activities, including reporting, restrictions, and penalties. It also proposes the creation of a working group on the use of AI in education and the development of AI policies in counties. On behalf of its board, LVGEA opposed SB199 as written as it risks hindering Nevada’s growing tech sector by creating regulatory complexities that may discourage investment and innovation. Overregulation at the state level could harm the entrepreneurial ecosystem, which depends on flexibility and scalability. LVGEA commented that a unified federal approach to AI is preferred to ensure Nevada remains competitive and can harness the full potential of AI-driven businesses.
AB388 – Revises provisions relating to employment – OPPOSE
AB388, sponsored by Assemblymember La Rue Hatch, requires public and private employers to establish paid family leave procedures and forms, and mandates notice provisions and penalties for non-compliance. LVGEA opposed AB388, as written, due to its potential to place Nevada at a competitive disadvantage. Neighboring states like Utah, Arizona, and Texas do not impose similar mandates, making them more attractive to businesses – a competitive disadvantage to attracting desirable employers to Nevada. Additionally, the bill outlines an employer-only mandate for paid provisions which are not comparable to all the existing 12 of only 13 similar mandates outline an employer and employee paid fund that exist in the U.S.
March 31, 2025 UPDATE
SB379 – Revises provisions relating to commerce – SUPPORT
SB379, sponsored by Senator Fabian Doñate, enhances consumer protections in rooftop solar contracts and financing. It requires certain lenders to obtain a license, revises regulations for solar companies, and ensures clearer agreements for consumers purchasing or leasing solar systems. LVGEA supports SB379 as it strengthens transparency and fairness in Nevada’s growing solar market, protecting consumers from deceptive practices. This bill solidifies Nevada’s role as a leader in responsible solar adoption. We thank Senator Doñate, Assemblymember Zermeño Moore, and all co-sponsors and stakeholders for bringing this bill forward.
March 28, 2025 UPDATE
AB442 – Revises provisions relating to grants – SUPPORT
AB442, sponsored by Assemblymember Watts, improves the efficiency of state grant payments to private nonprofit organizations. The bill establishes a policy for state agencies to process and authorize grant payments within 30 days of receiving a proper invoice. It also introduces interest penalties for delayed payments, allowing nonprofits to receive compensation if the state does not meet the deadline. Additionally, the bill enables nonprofit organizations to request advance payments on grants to support their operations and enhance service delivery. We appreciate the sponsors, Opportunity Village and Nevada Grant Labs work in bringing this proposal forward.
AB434 – Prohibits certain employment practices – OPPOSE
AB434, sponsored by Assemblymember Anderson, would prohibit employers from taking adverse actions against employees who choose not to participate in meetings or communications focused on religious or political matters. While the intent behind this bill is appreciated, LVGEA has concerns regarding its potential impact. The bill could create ambiguity in enforcement and may lead to unintended legal disputes. It also places limitations on workplace discussions related to political and religious matters, which could restrict businesses from engaging in important conversations about relevant policies. While the goal of supporting employees is crucial, the broad nature of the bill could pose challenges. We respectfully oppose AB434 as currently written.
March 27, 2025 UPDATE
Joint Meeting of Senate Finance and Assembly Ways and Means Budget Hearings
Betsy Fretwell, Interim CEO of the Las Vegas Global Economic Alliance, testified at the Joint Budget Hearings on March 27, 2025, stressing the importance of economic development for Nevada’s growth and resilience. She highlighted the need for investment in industries like advanced manufacturing, healthcare, and clean technologies, especially with Southern Nevada’s growing population. Fretwell also emphasized the value of GOED programs, such as the Knowledge Fund, WINN, and the Main Street Program, in attracting employers and developing the workforce. She urged continued legislative support to secure the state’s long-term prosperity.
SB364 – Revises provisions relating to economic development – SUPPORT
SB 364, sponsored by Senator Cruz Crawford, makes rail infrastructure projects more accessible by offering tax abatements for businesses investing in railroad development. The LVGEA is supportive of this bill as it expands access to rail spurs, unlocking economic opportunities in both urban and rural areas. By improving infrastructure, the bill enhances supply chain efficiency, attracts investment, and supports job creation. LVGEA thanks Senator Cruz Crawford for bringing this bill forward.
March 25, 2025 UPDATE
LVGEA was invited to join top business and community leaders for the Vegas Chamber Day at the Legislature in Carson City. Interim CEO Betsy Fretwell met with state legislators and key stakeholders like Sallie Doebler, and Tom Burns to discuss economic development and policies impacting Southern Nevada. These conversations are essential to supporting job growth, attracting new industries, and strengthening the region’s economy.
AB427 – Revises provisions relating to public financial administration – SUPPORT
AB 427, proposed by Speaker Yeager, revises provisions related to public financial administration. It updates regulations
governing a program administered by a public benefit corporation to provide private equity funding and venture capital investments to certain businesses. We thank our lobby team for testifying on behalf of the LVGEA. Clark County plays a unique role in fostering scalable start-ups, tech innovation, and broader economic development. Expanding access to capital is essential for sustaining growth and opportunity, and the LVGEA appreciates Speaker Yeager’s proposal to strengthen these efforts.hen these efforts.
March 11, 2025: UPDATE
SB69 – Revising Economic Development and Tax Incentives in Nevada – OPPOSE AS WRITTEN
SB69, as written, introduces changes to Nevada’s economic development and taxation policies, requiring businesses seeking certain tax credits and abatements to enter agreements with local governments for infrastructure and service costs. While bill sponsors reported intent to improve economic development, LVGEA noted challenges with the proposal due to outlined, upfront cost-sharing agreements as well as its initially outlined provisions that would modify the GOED board composition, requirement for businesses to provide confidential information on its co-located companies and more, which could make Nevada less economically competitive. Additionally, the one-size-fits-all approach overlooked other local jurisdiction processes. During the presentation, bill sponsors noted key amendments to address some of the concerns expressed by LVGEA and LVGEA will continue to work with the bill sponsor to address concerns.
SB240 – Reducing Business License Fees to Support Small Businesses – SUPPORT
SB240, sponsored by Senators Pazina, Lange, Steinbeck, and Dondero Loop, proposes reducing the state business license fee to $100 for businesses with 50 or fewer employees. Currently, the fee for certain corporations is $500 and $200 for other businesses. This bill aims to reduce the financial burden on small businesses, making it easier for them to operate and grow in Nevada. We thank our lobby team, Carrara Nevada, for testifying in support on behalf of LVGEA. This bill is a positive step towards creating a more business-friendly environment, and we look forward to seeing it move forward to benefit Nevada’s business community.
AB226 – Integrating Community Benefits into Economic Development Plans – SUPPORT AS AMENDMENT
AB 226 requires entities receiving state tax abatements to self-report a community benefits agreement within two years of approval. The agreement is flexible to the interest and needs of the business. LVGEA worked closely with Assembly Member Mosca to negotiate an amendment that streamlines the process, providing more flexibility for businesses. We thank Assembly Member Mosca for her collaboration.
March 7, 2025: LVGEA Testifies in Support of Two Business Measures
Earlier this week, and on behalf of its policy committee, LVGEA testified in support of two measures at the Nevada Legislature that would bolster Nevada’s economic competitiveness and help make it a premier destination for business incorporations:
AB239 – Strengthening Nevada’s Business Climate – SUPPORT
AB239, brought forth by Assemblymember Dalia, is designed to enhance Nevada’s corporate and limited liability statutes. By modernizing governance structures and legal frameworks, AB239 reinforces Nevada’s position as a premier destination for business incorporations. These updates ensure the state remains competitive in attracting companies seeking a business-friendly environment with clear, flexible regulations.
AJR8 – Advancing Nevada’s Business Judiciary – SUPPORT
AJR8 is a resolution that lays the groundwork for a specialized business court in Nevada. This legislation would provide the state with the judicial expertise necessary to handle complex corporate matters, mirroring the success of Delaware’s Court of Chancery. Establishing a dedicated business court strengthens Nevada’s reputation as a top-tier jurisdiction for incorporations and enhances its ability to attract and retain businesses in an increasingly competitive landscape.
Thank you to the dedicated members of LVGEA’s Policy Committee for their guidance and support during the 2025 Nevada legislative session. The committee is led by Chairwoman Molly Hamrick (Coldwell Banker) and Vice Chair Glenn Christenson (Velstand Investments). Additional members include: Scott Muelrath (Henderson Chamber of Commerce), Steve Zanella (MGM Resorts International), John Bailey (Bailey Kennedy), Mary Beth Sewald (Vegas Chamber), Kerry Bubolz (Vegas Golden Knights), Karen Haller (Southwest Gas), Karlos LaSane II (Caesars Entertainment), Tom Burns (GOED), Christina Erling (Barrick), Dr. DeRionne Pollard (Nevada State University), Robert Lewis (Lewis Management), Boulder City Mayor Joe Hardy, and Henderson Mayor Michelle Romero.
February 20, 2025: Advocating for Southern Nevada’s Economic Growth at the 2025 Nevada Legisalture
The LVGEA team was in Carson City this week, actively engaging with state officials and legislators to advocate for policies that promote economic growth and benefit all Nevadans during the 2025 Nevada Legislature.
A special thank you to the dedicated members of LVGEA’s Policy Committee, including LVGEA Board Chairwoman Lauri Perdue, Committee Chairwoman Molly Hamrick, and Committee Vice Chair Glenn Christenson, who joined interim CEO Betsy Fretwell in our state’s capital for these crucial discussions.
Comprised of LVGEA board members, the Policy Committee plays a vital role in shaping our region’s economic future, meeting regularly throughout the session to analyze and advocate for legislation that strengthens Southern Nevada’s competitiveness.
We also extend our gratitude to Carrara Nevada for their continued support during the 2025 legislative session!
The LVGEA team visiting Carson City on February 20, 2025
