Wednesday, September 10, 2014

4 reasons Tesla’s Gigafactory went to Nevada instead of California


Economic Development Reporter- Silicon Valley Business Journal
The interstate horse race for Tesla Motors Inc.’s $5 billion cleantech battery Gigafactory has come to a close with news of a deal involving a record $1.25 billion incentive deal in Nevada, dashing the hopes of business advocates in the electric car company's home state of California.

The choice of low-tax, uber-business-friendly Nevada isn't exactly surprising given cost considerations.

However, the competition for the Tesla manufacturing project expected to generate 6,500 jobs is symptomatic of much deeper economic rivalries between California and its competitors.

Nevada has been angling to poach business from California for years, from public-private organizations convened to hype the state’s zero income tax to incentive programs encouraging tech startups to set up shop in Las Vegas. And then there's the usual mockery of the Golden State's development red tape.More here.

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