RENO, Nev.—Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on the promise of new jobs and major investments in the area.
The long-awaited sum—kept quiet for a month due to a nondisclosure agreement with state officials—will be voted on Thursday by the Nevada Governor’s Office of Economic Development. Tesla projects it will bring in 3,000 jobs at an average rate of $33.49 per hour and invest $3.6 billion into the economy. It will cover health insurance for 91 percent of its employees, per its application.
