Nevada State Treasurer Kate Marshall would help Mesquite entrepreneurs obtain an incubation site to advance alternative energy if elected to Congress, she told Mesquite democrats during a question and answer session held by her supporters in Las Vegas last week.
Marshall, who was first elected Nevada State Treasurer in 2006 and was reelected in 2010, was the sponsor for SB75, which created a private equity investment fund for Nevada. The bill was signed into law by Governor Brian Sandoval to take effect on October 1, 2011.
The private equity investment fund, a first for Nevada, provides that non-tax dollars from the Permanent School Fund may be invested in new businesses in Nevada, in existing businesses that are expanding, or in businesses which agree to relocate to this state. The bill also establishes a partnership with the Nevada System of Higher Education to provide students internship opportunities with businesses that receive investments from this fund.
The legislation also creates a nonprofit public entity, the Nevada Capital Investment Corporation (NCIC), a board that includes appointees of the Governor and Legislative Leadership based on their investment, finance, or banking expertise. The State Treasurer, whose duties include the investment of state money, is also a member.
Marshall told the group that two incubation sites, one in Northern Nevada and the other in Las Vegas are being established to advance alternative energy opportunities. “I would certainly work with Mesquite on another incubation site to explore alternative energy if elected,” she told members of the group.
In a podcast (http://www.ustream.tv/recorded/16778797) to Mesquite voters, Marshall noted that it was time to promote alternative energy. She pointed to Germany as one country moving to solar energy to reduce its dependency on Russia for gasoline.
When asked if she would support the progressive coalition in Congress, she nodded and went on to explain that Congress should represent the people, not special interests such as giving subsidies to Exxon, and proving tax breaks for hedge fund managers.
In terms of home losses, Marshall pointed out that “banks make money on foreclosures. They need to make money on rewriting contracts.”
“Money,” she said is “motivating the wrong behavior.”
“They had a saying in the Justice Department when I worked there,” Marshall said, “get them bracelets (a reference to putting offenders in handcuffs). Some bankers need bracelets,” she said, when discussing the need to protect the consumer from fraud.
Marshall pointed out in the podcast that she is a strong supporter of education, while her opponent (Republican Mark Amodei) was the lone vote in opposition to more funding for text books, and has publicly stated that if he is elected to congress he wants to end the Department of Energy, cut 20 percent from Education, Social Security, Medicare and Defense. (Authors note: Amodei was term limited last year after twelve years in the State Senate.)
“My opponent has stated that he supports the Ryan budget plan which guts Medicare, and has publicly said that he likes what the Ryan plan has to say about Medicare in the budget,” Marshall said.
“My opponent has used falsehoods, prevarications, and misstatements so much that ads have been pulled from the air,” Marshall said, adding that the Republican party has poured “three quarters of a million dollars into his campaign.“
When asked about her chances to win in the September 13, special election, she said, “If people vote, we win, if they don't, we loose. The race is about you.”
Early voting runs from 8 to 5 on Monday, Tuesday and Wednesday, Aug. 29-31, at 150 Yucca Street, Mesquite.
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