November 21, 2024 3:03 pm
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Lucid could get $8M in local tax incentives

Lucid Motors

 

Disclosure: Rose Law Group represents the landowner who helped make this project a reality

By Kevin Reagan | Casa Grande Dispatch

The city and county may offer $8.2 million in incentives to the developers of an electric-car manufacturing plant, according to the terms of a proposed development agreement discussed Thursday among public officials.

After announcing last month it had financial support from the Saudi Arabian monarchy, Lucid Motors is moving ahead with trying to build a plant in Casa Grande.

If the city and county approve a development agreement soon, Lucid officials claim they can start building a plant next spring and start rolling out cars by the end of 2020.

During this first phase of the project, a total of 745 jobs are expected to be generated and $2.1 million in incentives would be offered by the city and county.

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