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.
