The Travis County Commissioners Court is meeting June 23 agenda about deliberations to decide if they would provide Tesla with an economic development performance agreement for a new 5 million square foot factory.
Tesla is seeking incentives for the construction of a 4 million- to 5 million-square-foot manufacturing facility on the 2,100-acre Austin Green site straddling the State Highway 130 toll road. Tesla is seeking up to $68 million in property tax abatement from the Texas school district.
Tesla plans to create 5,000 jobs at the plant with an average salary of $47,147 a year.
If approved, Tesla said it will begin construction in the third quarter of 2020.
SOURCES- Biz Journals
Written by Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.