The many problems with Nevada’s Catalyst Fund
The government shouldn’t pick winners and losers in the economy. It’s a simple, important concept but one that’s often ignored by government bureaucrats.
Consider the Governor’s Office of Economic Development in Nevada, which wants to gamble with your hard-earned money. Officials already have $10 million to subsidize favored industries, but now they’re going back to the legislature for even more.
Nevada doesn’t need government handouts to create jobs though. It needs to remove barriers to entrepreneurship, including job-killing taxes and eliminating burdensome and often duplicitous regulations.
At a time when our state already has more than $40 billion in unfunded liabilities, it’s time to stop spending on wasteful government programs like the Catalyst Fund, which encourages cronyism not lasting economic development.
NPRI’s Path to Sustainable Prosperity study provides policymakers and citizens a how-to guide for true economic development.
Case studies: