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TravCo to consider ‘gigafactory’ Tuesday
Monday, June 22, 2020 by Jessi Devenyns
This week the Travis County Commissioners Court will discuss the associated economic development incentives meant to attract California car maker Tesla to construct its planned $1 billion “Gigafactory” in the far reaches of East Austin. The 5-million-square-foot plant will bring along 5,000 middle-skill manufacturing jobs with a $15 per hour salary. The project is anticipated to generate $7 million in tax revenue for the county over a 10-year period. Although the deal has not been sealed, the factory has been reported to be the future birthplace of the electric car maker’s Cybertruck, which Tesla CEO Elon Musk debuted last November in prototype. The car company is working with the state, the Del Valle school district and Travis County to finalize an incentive deal.
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