From Electrek: Faraday Future invested $6 million in its EV factory, Nevada is satisfied so far

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Sep 28, 2016

In order to convince Faraday Future to build its $1 billion electric vehicle factory in Nevada, the state gave the startup an incentive package worth $215 million in tax credits and abatements, and $120 million in infrastructure improvements at the industrial park where the project is underway.

The Governor’s Office of Economic Development (GOED) is keeping an eye on the project since FF needs to keep up its investment and hiring in order to get the incentives. Today, the GOED released its first report on FF’s progress, which it judges to be satisfactory. more…

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