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Raquel Smith, Financial Aid Advisor for UNLV (University of Nevada Las Vegas)
Nevada State Treasurer Kate Marshall. Kate Marshall was first elected State Treasurer in 2006 and
re-elected to second term in 2010. She originally ran on a platform she called the “Marshall Plan,” which included seven main points she would emphasize during her tenure. The basic tenets were simple: Improve and implement programs that save taxpayer dollars; reduce spending by becoming more efficient; and identify innovative methods for increasing economic development in our state. By the conclusion of her first term, six of these covenants had been met, with the seventh being achieved with the creation of the state’s first private equity investment fund during the 2011 Legislative Session.
A crowning achievement of her term as State Treasurer is the successful sponsorship and passage of Senate Bill 75 during the 2011 Legislative Session, which created the Nevada Capital Investment Corporation and the Silver State Opportunity Fund. The goal of the $50 million Silver State Opportunity Fund is to capitalize on investment opportunities in Nevada in order to increase funding for Nevada’s K-12 schools, while at the same time spurring economic development and job growth. A minimum of 70% of investments must be made in businesses located in Nevada, looking to expand in Nevada, or in businesses wishing to relocate in Nevada. Earnings from the fund go to Nevada’s K-12 schools. To date, commitments have been made to three private equity funds, which have located offices in Nevada.
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