A self-governing community, much like a traditional city or county, but totally focused on the development of innovative and advanced technologies. Entrepreneurs need to invest more than USD 1.25 billion for 200 km² in Nevada, but they receive the right to establish own jurisdiction in the Innovation Zone (IZ) where IZ authority supersedes county authority. This should allow for experimentation and business-aligned governance within the innovation zone. The IZ remains in the judicial district of a Nevada county which receives a low property tax. A to-be introduced Board of Supervisors as the governance body consisting of the IZ investors could decide which government functions should be overtaken from the county. As such, the Board of Supervisors resembles a local government, potentially providing an array of government services

Proponents: Jeffrey Berns, Steve Soslak

For further interest on this topic:

Innovation Zone Facts