Skip to content
CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • beats
    • State Government
    • Environment
    • Health Care
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
    • California Dream
    • Videos
    • Photos
  • Music
    • genres
    • Classical
    • Jazz
    • Roots
    • Eclectic
    • Videos
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight
    • The View From Here
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • Insight Music
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • CapRadio Travels
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support / Underwriting
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Volunteering
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

Nevada, Tesla Reach Agreement On Tax Breaks For A Battery Plant Near Reno

  •  Alan Ray 
  •  Pauline Bartolone 
Friday, September 5, 2014 | Sacramento, CA
Listen
/
Update RequiredTo play audio, update browser or Flash plugin.
nvidia.corporation / Flickr
 

nvidia.corporation / Flickr

Nevada Governor Brian Sandoval says he and Tesla Motors CEO Elon Musk have reached an agreement on tax incentives to build the largest battery plant in the world east of Reno.

Nevada state officials say the $5 billion factory would add $100 billion to the Nevada economy over 20 years.

The state is offering tax incentives and exempting Tesla from sales, property, and business taxes for at least 20 years.

Sandoval says the incentives and tax breaks will be worth it to bring jobs to Nevada.

“We knew that this was an opportunity that we had to fight for, we took this chance because like Tesla and like Elon Musk we are determined to moving our country and our global economy forward," he says.

Sandoval says for every dollar the state gives in incentives, it will get a $80-return. The Nevada legislature is expected to be called into special session next week to consider the tax incentives.

Meanwhile, a California economist says it’s no surprise that Tesla Motor Company has chosen Nevada instead of the Golden state as the site of an electric car battery manufacturing plant. 

Nevada’s governor says the factory will change the state forever. He says the plant will create about 6,500 jobs and will add four perfect to the state’s GDP.

“Nevada is a completely logical choice," says Levy, who is with the Center for Continuing Study of the California Economy. He says land is cheaper and more ample in Nevada.

“California is a high cost location for a manufacturing operation that needs low land and labor cost, and has concerns about the availability of housing for its employees.”

Levy says California is suitable for very high-tech manufacturing.

Governor Jerry Brown and state lawmakers tried to lure Tesla with a package of tax incentives but they say Tesla demands were unreasonable.


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

    Related Stories

  • Andrew Nixon / Capital Public Radio

    Tesla Batteries In The Mountains? Squaw Valley Could Soon House A Bunch

    Tuesday, February 6, 2018
    Squaw Valley Ski Resort, Liberty Utilities and Tesla are hoping to use renewable batteries as a backup power source for the resort and surrounding homes.
  • nvidia.corporation / Flickr

    Economic Officials Say Tesla Factory Will Open In A Year

    Thursday, June 25, 2015
    (AP) - Nevada economic officials say work on a massive Tesla battery factory east of Reno is going smoothly and should be operational within a year.
  • Cathleen Allison / AP

    Nevada Lawmakers Approve Tax Incentives To Bring $5 Billion Tesla Battery Factory To State

    Thursday, September 11, 2014
    (AP) - Nevada lawmakers approve incentives to bring Tesla Motors' $5 billion battery factory to state. UPDATED: 9:42 p.m.
  • Ky Plaskon / Capital Public Radio

    Nevada Legislature Working Through Incentive Bills To Benefit Tesla Factory Proposal

    Thursday, September 11, 2014
    The Nevada Assembly has passed the first of four bills being considered to benefit Tesla Motor Company as it proposes to build a battery factory east of Reno.
  • Paul Sakuma / File / AP

    California's Current Business Climate

    Monday, September 8, 2014
    One economist says he wasn't surprised when the state lost out on a new Tesla battery plant.
  • Paul Sakuma / File / AP

    Sources: Tesla Battery Plant To Be Built In Nevada

    Wednesday, September 3, 2014
    (AP) — AP source: Tesla Motors has selected Nevada as site for a $5 billion electric car battery factory.

Alan Ray

Senior Editor, News

As Senior Editor, Alan assigns stories and works with reporters on story planning. He helps develop feature stories with reporters for radio, for the View From Here series, and for daily news casts. He also anchors the news on All Things Considered.  Read Full Bio 

 @CapRadioRay Email Alan Ray

Pauline Bartolone

News and Features Editor

Pauline Bartolone has been a journalist for more than 15 years, during which she was Capital Public Radio’s healthcare reporter from 2011-2015. Her work has aired frequently on National Public Radio.  Read Full Bio 

Coronavirus Newsletter

Get answers to your questions, the latest updates and easy access to the resources you need, delivered to your inbox.

 

Want to know what to expect? Here's a recent newsletter.

Thanks for subscribing!

We'll send you weekly emails so you can stay informed about the coronavirus in California.

Browse all newsletters

More Stories

Photo by Jae C. Hong, AP Photo

Hospitals Seek Relaxed Rules For Nursing, Patient Discharge

January 11, 2021

AP Photo/Richard Vogel, File

California Lawmakers Should Invest One-Time Budget Funds Into Projects With Long-Term Benefits, Experts Suggest

January 11, 2021

Rich Pedroncelli/AP

Watch: California Health Officials Update On COVID-19 For Jan 12

January 12, 2021

Most Viewed

We Get Support From:
Become a Supporter

Most Viewed

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Jobs & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2021, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.