Getting your player ready...
LAS VEGAS — Nevada plans to offer $335 million in state tax incentives and infrastructure upgrades to an upstart, Chinese investor-backed electric carmaker that wants to build $1 billion production plant in a Las Vegas suburb.
Gov. Brian Sandoval on Thursday announced a tentative deal with Faraday Future and projected the economic impact on the local and state economy would be $85 billion over 20 years.
“Is this good for Nevada? The answer (is) a resounding yes, yes, yes,” he said at a ceremony in Las Vegas.
Sandoval plans to convene Nevada lawmakers before Christmas for a special session to authorize the agreement. Gardena, Calif.-based Faraday hopes to break ground on a facility in North Las Vegas in January.
