A senior representative from Tesla told the state’s top economic development board Thursday that the electric car company wants to expand its Nevada footprint “not primarily because” of the generous tax incentive package available to them.
“It’s in fact because our team really loves being in Nevada,” said Rohan Patel, senior director of public policy at Tesla, to the Governor’s Office of Economic Development (GOED) board. “We like the state. We like the workforce. We like the things you guys have built here.”
That love, of course, did not stop Tesla from requesting — and receiving with unanimous approval — $412 million in tax abatements and reimbursements over the next 20 years. That amount is in addition to the $1.2 billion in tax abatements and other incentives lawmakers approved for the company in 2014.
Patel also told the GOED board that “there is not a state or country that I’m aware of that has not reached out to me personally or to my team to try and be competitive in terms of landing this type of investment.”
Thursday’s meeting unfolded with the understanding that it was a mere technicality. More than one GOED board member acknowledged that the tax abatements are entitlements written into state law.
“I went through the statute that was created by the Legislature (in 2014) and it’s very clear on the process,” said Josh Reid, director at Fennemore Law Firm and one of the six private sector representatives who sit on the board. “When the GOED staff brings to the...
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