These Regulations will be a Barrier to Economic Recovery
At a time of growing economic uncertainty, and mounting financial insecurity, families all across our State and City will soon be left to pick up the pieces and deal with the economic consequences of the Coronavirus outbreak. Millions across the country are unemployed, businesses are struggling, the economy is in freefall. Eventually there will be a time when we are free to shift our focus from “how do we keep people healthy” to “how do we help the economy recover.” When that time comes, our focus should be helping individuals get to work, get businesses back in action, and the economy running again. The last thing we should do is keep in place or implement regulations that will make it harder for that to happen.
Many small business owners and Property Owners will be significantly impacted and will need economic opportunities to help their recovery and supplement their income to support their family or even pay their mortgage. Legalizing short-term rentals will help people earn extra income once the economy recovers and the tourism industry gets under way. Similarly, once people start traveling again, it could provide visitors with more affordable options.
While short and medium term relief in the way of unemployment benefits are necessary to meet the financial demands of today, our City officials must also look at long term strategies to equip as many Nevadan’s with the opportunity to provide for themselves. Legalizing short term rentals now will reap greater economic rewards in the future, while at the same time helping to allocate tax payer resources more effectively to those that need it the most.
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