Nevada_Executive_Budget_2013-2015

GOED - NEVADA KNOWLEDGE FUND
101-1533
PROGRAM DESCRIPTION
The Knowledge Fund was created through the passage of AB 449 during the 2011 legislative session in conjunction with the restructuring of Nevada's economic development.
The purpose of the Knowledge Fund is to spur research and the commercialization of that research in areas in which the state has targeted for economic growth. Commercialization in
knowledge-based industries creates high-paying jobs that support families and generate tax revenue.
The Fund is an investment in the state's economic future and provides grants of funds in five allowable areas, including:
1. Establishing technology outreach programs throughout the state;
2. Recruiting, hiring, and retaining research teams and faculty;
3. Research laboratories and related equipment;
4. Construction of research facilities; and
5. Matching funds for federal and private sector grants and contract opportunities.
ENHANCEMENT
E150 SUSTAINABLE AND GROWING ECONOMY
Request provides the initial funding for the Nevada Knowlege Fund that was created by AB 449 of the 2011 Session. The purpose of the Knowledge Fund is to spur research and the
commercialization of that research in areas in which the State has targeted for economic growth.
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
APPROPRIATION CONTROL 0 0 0 5,000,000 0 5,000,000
TOTAL RESOURCES: 0 0 0 5,000,000 0 5,000,000
EXPENDITURES:
KNOWLEDGE FUND 0 0 0 5,000,000 0 5,000,000
TOTAL EXPENDITURES: 0 0 0 5,000,000 0 5,000,000
SUMMARY
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
APPROPRIATION CONTROL 0 0 0 5,000,000 0 5,000,000
TOTAL RESOURCES: 0 0 0 5,000,000 0 5,000,000
EXPENDITURES:
KNOWLEDGE FUND 0 0 0 5,000,000 0 5,000,000
TOTAL EXPENDITURES: 0 0 0 5,000,000 0 5,000,000
PERCENT CHANGE: % % % % 0.00%
GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT - 33
GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT