Nevada State Legislature Unanimously Approves and Supports the Bill. Where is the Action?

State Legislature approves the Bill

One year ago, on May 20, 2013, the Nevada State Legislature unanimously approved Senate Joint Resolution SJR14 urging passage of the Lyon County Economic Development and Conservation Act”.

Senate Joint Resolution 14 was unanimously approved by the members of the 77th Session of the Nevada Legislature. Copies were transmitted to the Vice President of the United States as the Presiding Officer of the Senate, the Speaker of the House of Representative, and each member of Nevada’s Congressional Delegation, urging them to enact the Lyon County Economic Development and Conservation Act.


Where is the action?

Congress needs to hear from Nevadans!

Join the State Legislature and the entire Congressional Delegation and support this bill.

To help support passage of the Lyon County Economic Development Act, House bill (H.R. 433 or H.R. 696) and Senate bill 15, “Like” our Facebook page and Share this post with your family and friends.

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Open and Download the PDF version here: NV-LegSJR14LyonCoBill20130521


NV-LegSJR14LyonCoBill20130521

Open and Download the PDF version here: NV-LegSJR14LyonCoBill20130521

Governor Sandoval’s Letter to Honorable Doc Hastings Supporting the Bill

Governor Sandoval Supports the Bill

Below is a letter written by Nevada State Governor Brian Sandoval to the Honorable Doc Hastings in support of the Lyon County Economic Development Land Conservation Act.

The letter strongly urges Doc Hastings and the entire House Resource Committee to support and pass the bill.

Passage of the bill will bring thousands of jobs to northern Nevada.

IF Congress passes our bill:

  • We can add 500+ high-paying construction jobs.
  • We can add 1,000 permanent high-paying mining jobs and additional 1,500 indirect jobs.

*Read the letter below or click on the link below to open and download the PDF version.

Gov Sandoval HR 696-20130501

And, please join Governor Sandoval, our State Legislature and the entire Congressional Delegation and support this bill.

To help support passage of the Lyon County Economic Development Act, House bill (H.R. 433 or H.R. 696) and Senate bill 15, “Like” our Facebook page and Share this post with your family and friends.

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Gov Sandoval HR 696-20130501_Page_1


Gov Sandoval HR 696-20130501_Page_2


Gov Sandoval HR 696-20130501_Page_3


Open or download the PDF version.

Gov Sandoval HR 696-20130501


Join Governor Sandoval, our State Legislature and the entire Congressional Delegation and support this bill.

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Lyon County Economic Development and Conservation Act Approved Unanimously by County Reps in Attendance at SLUPAC

What is SLUPAC?

SLUPAC is the acronym for State Land Use Planning Advisory Council – Nevada.  SLUPAC is the only Governor appointed council that has representation from all seventeen counties as well as a representative from Nevada Association of Counties (NACO).

At the last SLUPAC Meeting held in Carson on May 23, 2014, Chairman and Lyon County Commissioner Virgil Arellano introduced a resolution supporting the Lyon County Economic Development and Conservation Act.

The resolution was approved unanimously by all county representatives in attendance.

RESOLUTION – SLUPAC 2014-01

RESOLUTION OF THE NEVADA STATE LAND USE PLANNING ADVISORY COUNCIL SUPPORTING THE LYON COUNTY ECONOMIC DEVELOPMENT AND CONSERVATION ACT

WHEREAS, the Nevada State Land Use Planning Advisory Council (SLUPAC) advises the Nevada Division of State Lands regarding the development of plans and statements of policy concerning lands under federal management;

WHEREAS, Lyon County Economic Development and Conservation Act (“Lyon County Bill”) is currently pending action in the 113th Congress as Title II of House Bill H.R. 433 and as Senate Bill S. 159;

WHEREAS, Lyon County Bill was originally introduced as Yerington Land Conveyance and Sustainable Development Act into the U.S. Senate in the 112th Congress as Senate Bill S. 2228 on March 23, 2012;

WHEREAS, Yerington Land Conveyance and Sustainable Development Act was re-introduced into the U.S. Senate in the 112th Congress as Senate Bill S. 3701 on December 20, 2012 under the revised title, the Lyon County Economic Development and Conservation Act;

WHEREAS, Lyon County Economic Development and Conservation Act (“Lyon County Bill”) was introduced into the U.S. Senate in the 113th Congress as Senate Bill S. 159 on January 28, 2013;

WHEREAS, S. 159 was considered and reported favorably by the Senate Energy & Natural Resources Committee on June 18, 2013 without one vote of dissent;

WHEREAS, S. 159 was listed on Senate General Orders on April 28, 2014 for consideration and vote on the floor of the full Senate;

WHEREAS, the Lyon County Bill was originally introduced in the 112th Congress in the U.S. House of Representatives as H.R. 4039, the Yerington Land Conveyance and Sustainable Development Act on February 15, 2012;

WHEREAS, the Lyon County Economic Development and Conservation Act was re-introduced into the 113th Congress in the U.S. House of Representatives on February 18, 2013 as House bill H.R. 696 (“Lyon County Bill”);

WHEREAS, H.R. 696 was included in a combined bill as Title II the “Northern Nevada Economic Development and Conservation Act (H.R. 433, the “Northern Nevada Bill”) by the House Natural Resources Committee on January 28, 2014;

WHEREAS, H.R. 433 was sponsored by Congressman Mark Amodei and co-sponsored by Congressman Steven Horsford and Congressman Joe Heck, all representing the great State of Nevada;

WHEREAS, all of the titles of H.R. 433 are supported by the respective communities of Elko, Carlin, Winnemucca, Fallon, Fernley, Storey County, Lyon County and Yerington;

WHEREAS, all of the titles of H.R. 433 provide much needed benefits to the respective northern Nevada communities to provide lands for community and economic development; accomplish common sense solutions to longstanding debates and controversy designation of certain public lands for wilderness protection; that, in combination, provide balanced approach to economic development and land conservation objectives;

WHEREAS, Lyon County Bill (Title II of H.R. 433 and S. 159) will allow the City of Yerington, in collaboration with Nevada Copper, to acquire, at fair market value, approximately 10,400 acres of BLM administered federal lands located in Mason Valley near Yerington;

WHEREAS, the said lands would be purchased at fair market value based upon an appraisal performed in accordance with Uniform Appraisal Standards for Federal Land Acquisitions;

WHEREAS, the acquisition has been proposed in full consultation with and support from Lyon County; and, on August 18, 2011 the Lyon County Board of Commissioners unanimously passed Resolution 11-008, a “Resolution in Support of Congressional Action” on the transfer of BLM-administered lands to the City of Yerington;

WHEREAS, the City of Yerington Council unanimously passed Resolution 2011-03 on August 22, 2011 to support the acquisition of BLM-administered lands by the City of Yerington to support development of the Pumpkin Hollow Mine and other sustainable economic development;

WHEREAS, as a result of the land transfer, Yerington would be able to annex those lands into the City and receive a share of property and net proceeds of mines taxes that it would not otherwise get without the land transfer.

WHEREAS, passage of the Lyon County Bill is needed to assure that the City of Yerington would economically benefit, along with the State of Nevada, Lyon County and other local entities, through the collection of taxes

WHEREAS, Nevada Copper will pay for 100% of the cost for acquisition of the lands;

WHEREAS, a large portion of the acquired federal lands (~2,000 acres or 20%) would be available for general infrastructure and additional sustainable economic development during and after mining.

WHEREAS, up to 63% of the total acquired federal lands would be dedicated for uses other than mining, including infrastructure, commercial and industrial development, recreation, an events-concert venue and open space;

WHEREAS, Nevada Copper plans to invest in infrastructure for the mine that can be utilized to support other land uses and economic development;

WHEREAS, the transfer of lands would not affect any sensitive natural resources.  Completed and ongoing studies show that there are no sensitive natural or cultural resources that would be affected.  100% of the lands are very low habitat value, low grazing value, low productivity salt desert scrub that occupies hundreds of thousands of acres in Lyon and Mineral counties;

WHEREAS, there are no sage grouse or nesting golden eagles on or near the land transfer area;

WHEREAS, construction of the mine will employ more than 500 people prior to operations separate from the permanent workforce;

WHEREAS, the capital cost to construct and develop the mine will be approximately $1 billion for labor, equipment and supplies;

WHEREAS, when the mine reaches full operations, it will employ approximately 1,000 workers at an average annual wage of $85,000 for a period of at least 18 years.

WHEREAS, based upon the most current job multiplier of 3.25, published by the Nevada Mining Association, direct and indirect employment created by the mines will be approximately 2,500 jobs;

WHEREAS, the mine project will contribute an estimated $15-25 million in property and net proceeds taxes per year that would be distributed to the City of Yerington, Lyon County, Lyon County Schools, South Lyon Hospital District, Mason Valley Fire Protection District and the State of Nevada;

WHEREAS, Lyon County is the third most economically stressed county in the U.S.;

WHEREAS, Lyon County has Nevada’s highest unemployment rate in Nevada – averaging 13-18% over the past two years;

WHEREAS, every government entity in the community – Lyon County, Lyon County Sheriff’s Office, the City of Yerington, Lyon County School District, South Lyon Medical Center, Mason Valley Fire Protection District – have experienced drastic declines in tax revenues and have been cutting budgets and laying off staff for five (5) years now;

WHEREAS, due to long term chronic unemployment and dismal economic conditions, Lyon County Schools are now saying that what was once situational poverty is now becoming generational poverty – young people are now growing up with no experience other than poverty, a situation that has clear social consequences;

WHEREAS,  an area in the South Pine Grove Hills-Bald Mountain-East Walker River area (South Pine Grove Hills), often referred to as “Wovoka”, was included in federal legislation as a companion to the Lyon County bill to provide a conservation component;

WHEREAS, local stakeholders participated in and led an independent, systematic evaluation of the South Pine Grove Hills, to compile information on natural resource values, land uses, and stakeholder interests and concerns provided background information to help inform and update a public review process;

WHEREAS, that evaluation has been documented in a report provided to Lyon County, the City of Yerington, the Nevada Congressional delegation and the public, titled “An Analysis of Natural Resource Values, Land Uses and Stakeholder Concerns of the Bald Mountain-Pine Grove Hills-East Walker River Area” dated October 31, 2012;

WHEREAS, both the City and County supported this process so that any decisions would be well informed and based on sound information and data;

WHEREAS, Lyon County, the City of Yerington and the Congressional delegation actively participated in that evaluation;

WHEREAS, over 35 stakeholders, including Congressional, Nevada and local officials, ranchers with grazing allotments, individuals and non-profit organizations, were consulted in that evaluation process;

WHEREAS, that analysis highlighted multiple land uses and needs in that area, including grazing, recreation, including hunting, fishing and trapping, mining claims, scenic mountain areas, old growth pinyon pine, Jeffrey pine, Native American artifacts, diverse wildlife habitat, and other uses;

WHEREAS, the majority of areas within the Bald Mountain-Pine Grove Hills-East Walker River area have exceptional natural resource values that have been maintained under past and current grazing, mineral prospecting and other public uses;

WHEREAS, the entire Bald Mountain-Pine Grove Hills-East Walker River is within the Nevada portion of the Desert Creek-Fales Population Management Unit of the Bi-State Sage Grouse Distinct Population Segment as described in the Bi-State Action Plan for Greater Sage-Grouse, Bi-State Distinct Population Segment;

WHEREAS, the Bi-State Action Plan for Greater Sage-Grouse identifies pinyon-juniper encroachment and wildfire as major threats to the Bi-State Distinct Population Segment of the Greater Sage-Grouse;

WHEREAS, the Bi-State Action Plan for Greater Sage-Grouse states that existing Fire Management Plans (FMPs) incorporate fire and fuels management conservation measures be implemented to minimize the risk of catastrophic wildfire and the associated loss of sage-grouse habitat in the Bi-State area;

WHEREAS, the listing of the Bi-State Distinct Population Segment of the Greater Sage Grouse as a threatened or endangered species would have devastating consequences to ranching, grazing, public access and all other land uses within the Bi-State area, that includes nearly all of southern Lyon County;

WHEREAS, the U.S. Fish & Wildlife Service is scheduled to issue a final rule regarding listing of the Bi-State Distinct Population Segment of the Greater Sage-Grouse no later than April 28, 2015;

WHEREAS, the majority of lands are federal lands administered by the U.S. Forest Service, pursuant to a Land and Resource Management Plan as may be amended in the future in conformance with the Lyon County Public Land Policy;

WHEREAS, much of the area in the Bald Mountain-Pine Grove Hills-East Walker River area is currently designated as roadless area in the Bridgeport Ranger District Resource Management Plan that provides limited motorized traffic on specific existing roads;

NOW, THEREFORE, based on the foregoing, and in accordance with the best interests of the citizens of Nevada, the Nevada State Land Use Planning Advisory Council (SLUPAC) does:

HEREBY RESOLVE that SLUPAC supports the passage of H.R. 696 or H.R. 433 and S. 159;

BE IT FURTHER RESOLVED that SLUPAC supports fair market value sale of BLM-administered federal lands located in Mason Valley near Yerington, as more particularly described in the Lyon County bill to Nevada Copper and the City of Yerington;

BE IT FURTHER RESOLVED that the SLUPAC acknowledges that the transfer of lands to the City is consistent with Nevada state policy to transfer federal lands to local communities to support economic development;

BE IT FURTHER RESOLVED that the SLUPAC acknowledges that the transfer of lands to the City will expedite development of the Pumpkin Hollow Mine, critical to the economic recovery of Lyon County, and provides additional lands and infrastructure for long term sustainable economic development;

BE IT FURTHER RESOLVED that the SLUPAC supports the designation of certain lands in H.R. 696 and H.R. 433 for wilderness designation based upon a thorough evaluation process that included input and direct participation by local officials and stakeholders, and protects continued appropriate uses and management of federal lands inside of and adjacent to those designated areas; for continued grazing, recreational use and management to reduce wildfires;

Resolved this 23rd day of May, 2014, by the Nevada State Land Use Planning Advisory Council (SLUPAC). 

ADOPTED, SIGNED AND APPROVED this 23rd day of May, 2014.

Nevada State Land Use Planning Advisory Council (SLUPAC)

To help support passage of the Lyon County Economic Development Act, House bill (H.R. 433 or H.R. 696) and Senate bill 15, “Like” our Facebook page and Share this post with your family and friends.

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Gridlock in Congress Delays Urgent Legislation

Color-Congress-gridlock

Break the Gridlock in Congress

“There is no more urgent legislation for Nevada.”

- Senator Dean Heller, April 25, 2013 About the Lyon County Economic Development and Conservation Act 

Background on our bill:

Senators Reid and Heller Pushing for Passage of Bill

Over six years ago, in January 2008, the City of Yerington, Lyon County and Nevada Copper initiated conversations with then Congressman Dean Heller on the development plans for Pumpkin Hollow. After a series of discussions with Congressmen Heller, the concept of transferring federal lands to the City was developed. He has been a staunch supporter since the beginning.

Local leaders Work Hard to Craft Broadly Supported Legislation

After years of effort by local leaders to craft proposed legislation that has multiple benefits and garnered broad-based local support, subsequent consultations with Senator Reid, and then newly appointed Senator Heller, led to the original introduction of the ‘Yerington’ bill, sponsored by both of them, into the Senate in the 112th Congress (2011-2012).

A Re-Ride on the Bull

The Senate bill needed to be re-introduced after the 112th Congress ended in 2012. The new bill, the Lyon County Economic Development and Conservation Act, was introduced in the U.S. Senate in the 113th Congress (2013-2014) as Senate Bill S. 159 on January 28, 2013. On April 25, 2013, both Senator Reid and Senator Heller testified in favor of the bill at the Senate Subcommittee on Public Lands, Forests, and Mining hearing.

Senator Reid stated then:

. . . 87% of the State of Nevada is owned by the federal government. No other state compares to that. I sponsored re-introduction of the Lyon County Economic Development and Conservation Act with my friend Dean Heller and the rest of the Nevada Congressional delegation. . . . [The bill] would allow the City of Yerington, Nevada, in partnership with Nevada Copper, develop 12,500 acres of land surrounding the already operating Pumpkin Hollow Mine that is located now on private land. . . . The bill would provide a huge positive impact for Lyon County. Nevada has been hit hard by the economic downturn. No state has come close to the problems we have had in Nevada . . . No part of Nevada has been hurt worse than the area by which I am talking now [emphasis added]. As we speak, Lyon County has 15% unemployment. 50% of Lyon County school children qualify for free or reduced lunch programs . . . Mr. Chairman, I have indicated that Yerington is economically depressed . . . this is badly needed in Yerington, Lyon County, but all over the State of Nevada . . . I can’t stress enough how very, very important this legislation is for preserving beautiful lands and also releasing lands that can be used for their best use for a mine.”

Senator Heller’s testified at the same hearing was as follows:

There is no more urgent legislation for Nevada [emphasis added] than the Lyon County Economic Development and Conservation Act . . . I authored this legislation initially to answer desperate needs in Lyon County for economic development [emphasis added] and activity. This bill is an excellent example of the balance between conservation and development. Currently, Lyon County has 14.2% unemployment. It is the highest unemployment in the state with the highest unemployment in the nation. Both the City and the County have had to severely cut staff and services. Without this legislation and the economic activity it will bring they will be forced to cut more essential services. This bill will convey to the City, at fair market value approximately 12,500 acres of federal land with no conservation values surrounding the Pumpkin Hollow project site. Upon completion of the conveyance the Pumpkin Hollow project is estimated to create 800 mining jobs and 500 construction jobs. The lands conveyed by this bill will also be used for industrial, recreational and infrastructure purposes that will create sorely needed jobs and economic development for Yerington. The bill will also designate the Wovoka Wilderness Area while protecting the rights and interests of ranchers and miners who earn their living on the land in the area. The newly created wilderness will protect habitat and important cultural resources for generations to come. I am pleased to have worked with Senator Reid to find a balance between development and conservation that will create jobs in Lyon County and beyond. I want to thank Senator Reid for his support and more importantly I want to thank his staff. Between his staff and my staff for working together to solve these issues and together we are going to move Nevada forward.”

At the same hearing Senator Ron Wyden from Oregon, Chairman of the Committee, stated emphatically:

We’ve got to get people back to work in the woods”. . . referring to a bill in Oregon.

We agree, and the same applies to Lyon County and Nevada: we’ve got to get people back to work here!

We say Yes! And we’ve got to get people back to work all over America, and the Lyon County bill is an uncomplicated, bipartisan bill that has overwhelming support from Nevadans and no opposition. It will create and support jobs with dozens of suppliers and vendors throughout the U.S.

Remember, this testimony that asked for urgent action occurred 13 months ago! Leadership in Congress must hear from you, Nevadans, to actually GET URGENT ACTION.

Re-blog this post, favorite it and make comments on this page or “Like” on our Facebook page to support the passage of this important bill.

HR-433 will Help Harness Potential Solar Energy Sources

Cleanenergy_solar

Solar Energy Potential in Northern Nevada is among the highest in the Nation. Pass Bill HR-433 if you would like us to harness this clean energy source.

Solar energy is a locally available renewable resource.  Mason Valley has been identified as a potential location for solar development.  It does not need to be imported from other regions of the country or from across the world, which reduces our dependence on imported resources.

Electricity produced by solar is clean and silent. Solar energy does not release any harmful air or water pollution into the environment, deplete natural resources, or endanger animal or human health.

A one kilowatt solar system will prevent approximately 170 lbs. of coal from being burned, 300 lbs of CO2 from being released into the atmosphere, and 105 gallons of water from being consumed each month!

What are we waiting on?

We are waiting on passage of  the Lyon County Economic Development Act, House bill (H.R. 433 or H.R. 696) and Senate bill 159.

Help us pass the bill by “Liking” this page and sharing it with your family and friends.

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Article Source: NV Energy – Solar Generations 

Little Things that Matter

Pass Bills. Create Jobs. HR - 433, Congress, Nevada

When we talk about Congress passing our bill, HR-433, it is big to us.  In 2012, the census report showed that just over 3,000 people live in Yerington, Nevada.

The bill we are urging Congress to pass would jumpstart a billion dollar copper mine just outside of Yerington, NV.  The mine would create millions in tax revenue and over 1,000 high paying, local jobs.

It’s hard to know what the unemployment rate of Lyon County really is, but it is easy to see that 1,000 extra high-paying jobs (an average $86,000 per year) would do great things for our community and our state.

NvMA-EconPresentationAveAnnWages2013FINAL

For more on the Lyon County Unemployment Rate, click here.

To help support passage of the Lyon County Economic Development Act, House bill (H.R. 433 or H.R. 696) and Senate bill 15, “Like” our Facebook page and Share this post with your family and friends.

 

Dig Deeper

The April Unemployment Rates are out and though there is a decline in unemployment in Nevada, we are asking you to dig deeper into the numbers and take a couple of minutes to read our findings and response….

The latest pronouncement on the decline of unemployment in Nevada is welcome news. Even Lyon County showed a significant drop to 10.4%. But hold on just a minute. Is that news really as good as you might think? Not really!! Not for Lyon County. See why.

Lyon County Labor Force Employment and Unemployment Rates

As you can see in the graph, the unemployment rate dropped to 10.4% in April 2014. If that is true, it is at least partly attributable to a loss of another 228 (21,652 – 21,424) people in the labor force. Even if there were no new jobs added, the unemployment would have dropped from 12.6% in March to 11.7% in April because of the smaller labor force.

Calculating the employed in April minus employed in March (19,193 – 18,923) says there are also 270 more jobs! OK, but not great. And what kind of jobs were those? Were they high paying like the mining industry that pays double the state average?

If Lyon County still had 23,000 people in the labor force, as it did just three years ago, unemployment would still be 17.8% (23,000 people in the labor force minus 19,193 employed = 3,807 unemployed; divide by 23,000 = 17.8%).

Wow, we’ve gone down from a high of over 19% in January 2011, about when the Congressional bill was being formulated to provide emergency economic relief to Lyon County, to 10.4%, mostly because there are less people in the labor force and about the same number of people employed. Let’s face it, that is ZERO job growth.

That’s some response to an emergency!

Furthermore, that’s 228 more people in the last month and 1,500 in the last three years – potential breadwinners – not buying bread and groceries, gasoline, automobiles and services from local businesses. And probably adding to the burden of government-funded support for those families in unemployment payments, food stamps and welfare.

The rest of the story proves that Lyon County is still on a downward trend as far as jobs and number of people employed.

And, when you examine the statewide numbers, Lyon County still has the highest unemployment rate in Nevada. Compared to other rural Nevada counties that have mines (green), Lyon County (red) is double their unemployment.

April 2014 Unemployment - Nevada Counties

IF Congress passes our bill:

  • We can add 500+ high-paying construction jobs.
  • We can add 1,000 permanent high-paying mining jobs and additional 1,500 indirect jobs.
  • We can be like Elko, Lander, Humboldt and White Pine Counties with an average of 5.2% unemployment.

PASS THE BILL!

IT’S THE RIGHT THING TO DO!

Please hit the “Like” button on this post if you agree! Congress needs to hear from Nevadans.

Showing your support is fast, easy and beneficial to your future.

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Showing Your Support is Fast, Easy and Beneficial to Your Future

Pass Bills. Create Jobs.

We need your help to attract as many supporters as possible.  “Like” our Page on Facebook to show support.  Leave comments, share posts and more.

Align yourself with important community leaders that have been elected to better our quality of life by providing jobs thus ensuring the economic future of Northern Nevada.

Please check out our mission and goals. 

Showing your support is fast, easy and beneficial to your future.

How can you help?

  1. Like our Facebook page.
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Website       http://passbillscreatejobs.com

Facebook     http://.facebook.com/passbillscreatejobs

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Join Governor Sandoval, our State Legislature and the entire Congressional Delegation and support this bill.

Pass Bills. Create Jobs.

Lyon County Can’t Afford to Lose Any More Businesses

Pass Bills. Create Jobs.

Passing the Lyon County Economic Development Act – Bill HR – 433 is the right thing to do and we are one step closer to accomplishing just that.

The Lyon County Economic Development Act was listed on the United States Senate Calendar for floor action. It is official! We are one step closer.

What does it mean for Lyon County?

If the Bill passes, Pumpkin Hollow – a Nevada Copper Mine would be able to expand operations bringing 1,000 high paying jobs* to the county. *Average salary for a mining job is $85,000.00 a year.

We also can expect 1,500 additional jobs (not related to mining) to Lyon County businesses because of the worker’s multiplier effect.  That is a total of 2,500 new jobs expected to be  created in Lyon County.

If the Pumpkin Hollow Mine is able to expand operations, it will boost the local economy, living standards, business and employment opportunities in all of Northern Nevada.

What steps are left?

We still need the House of Representatives to get the bill to the floor for a vote.

How can you help?

  1. Like our Facebook page.
  2. Visit our Websites regularly. Tweet, “Like” on Facebook, and Share.

Website       http://passbillscreatejobs.com

Facebook     http://.facebook.com/passbillscreatejobs

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Join Governor Sandoval, our State Legislature and the entire Congressional Delegation and support this bill.

 

Nevada Still One of Worst in Nation for Home Foreclosures!

forclosure in Nevada

Nevada Bills in Congress Would Help.

Article Source: RGJ – Reno Gazette Journal via Associated Press

Nevada foreclosure rate at No. 8 in U.S.

 — Nevada’s foreclosure rate was eighth in the nation in April after falling behind Florida, Maryland and five other states in the rankings.

RealtyTrac statistics released Thursday show 1,522 foreclosure-related filings in April, or one for every 770 homes in Nevada.

The rate is down 9 percent from March, and down 53 percent from the same time a year ago.

Nationwide, the foreclosure rate fell 1 percent from March and 20 percent from a year ago.

Also Thursday, average U.S. rates on fixed mortgages were reported down for a third straight week. The low rates could give a boost to the spring homebuying season, which has gotten off to a slow start.

Mortgage buyer Freddie Mac said that the average rate for a 30-year loan eased to 4.20 percent from 4.21 percent last week. The average for the 15-year mortgage fell to 3.29 percent from 3.32 percent.

Mortgage rates have risen nearly a full percentage point since hitting record lows about a year ago.

Warmer weather has yet to boost homebuying as it normally does. Rising prices and higher rates have made affordability a problem for would-be buyers. And many homeowners are reluctant to list their properties for sale.

Home sales and construction have faltered since last fall, slowing the economy. A harsh winter, higher buying costs and a limited supply of available homes have discouraged many potential buyers. Existing-home sales in March reached their lowest level in 20 months.