Saturday, June 07, 2014

California enters race for Tesla 'Gigafactory'

Staff Writer- Sacramento Business Journal
California lawmakers and the Brown administration introduced legislation Thursday morning that seeks to lift regulatory and financial barriers to lure a proposed $5 billion Tesla Motors factory to the Golden State.

The legislation by Senate President Pro Tem Darrell Steinberg, a Sacramento Democrat, and Sen. Ted Gaines, a Roseville Republican, takes a two-pronged approach by committing the state to offer a mix of financial incentives as well as easing “regulatory and environmental processes” in order to locate a large battery factory. More here.

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