By Megan Messerly | Las Vegas Sun
The Governor’s Board of Economic Development today approved giving $215.9 million in tax incentives for electric car company Faraday Future, which plans to open its first manufacturing plant in North Las Vegas.
The expected move was the culmination of a series of events needed to bring the company’s manufacturing plant to North Las Vegas’s 18,000-acre Apex Industrial Park, which has remained relatively vacant for decades. In December, Gov. Brian Sandoval called a special session of the Nevada Legislature to create a new tax incentive structure required to seal the deal with Faraday.
California-based Faraday had considered building its first manufacturing plant in Georgia, Louisiana or California, but those tax incentives and a workforce development program created by the Legislature were crucial in its final decision to come to Nevada.
