Tesla Inc. will receive more than $300 million in tax abatements over the next 20 years, a Nevada board approved on Thursday, commending the automaker’s investment in an existing manufacturing site in Storey County that is projected to create thousands of jobs.
In a statement on Mar. 2, Nevada Gov. Joe Lombardo announced the tax deal, which was approved by board members of the Governor’s Office of Economic Development (GOED), who praised the company for offering good-paying jobs and a nearly decade-long boost to the local economy around Tesla’s Nevada Gigafactory.
“Tesla has far exceeded every promise they made going back to 2014,” said Lombardo, who chairs the GOED board. “To date, they have invested $6.2 billion in Nevada, built a 5.4 million square foot Gigafactory, which provided 17,000 local construction jobs and created more than 11,000 highly paid permanent jobs.”…