California enters race for Tesla 'Gigafactory'

Allen Young
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.