BILLION $$$ FARADAY FUTURE EV PLANT TO NV

Nevada lands $1 billion Faraday electric car plant

Seth A. Richardson, December 11, 2015 (Reno Gazette Journal via USA Today)

“…Nevada appears to have reeled in another factory project from a huge California-based automotive startup…[Electric car company Faraday Future] wants to bring a proposed $1 billion factory to North Las Vegas…[T]he state has put together a $335 million incentives package to lure the automaker…The deal would bring 4,500 direct jobs to southern Nevada with an average wage of $22 per hour as well as 9,000 indirect jobs…Not much is known yet about Faraday. It is based in a Los Angeles suburb, has several former Tesla executives in top positions and appears to be backed by a Chinese billionaire. It is expected to show its first model at the Consumer Electronics Show in Las Vegas next month…The $335 million deal to bring the proposed 3 million square-foot facility to Southern Nevada includes around $215 million in tax incentives and $120 million in infrastructure spending…Faraday agreed to invest $1 billion into the state to qualify…” click here for more

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