Tesla Cybertruck factory gets approval for $68 million incentive agreement with TX school district

Tesla’s Cybertruck Gigafactory may face some speed bumps, but in some key areas, the project is making headway. In the wake of the decision by the Travis County Commissioners Court to delay a vote on the incentive package for the electric car maker, the Independent School District of Del Valle has gone ahead and accepted an incentive arrangement with Tesla.

With the approval of the Del Valle Independent School District, Tesla will build their new Cybertruck Gigafactory on district property. The approved deal would also allow Tesla to save money by capping the value of the land for 10 years on its property tax bill paid to the school district. With this, as a KXAN News has reported, the electric car manufacturer is set to save more than $68 million.

The land is at the intersection of State Highway 130 and Harold Green Avenue. As per an application filed in June, the site is huge, spanning about 2,100 acres. It is estimated that the Cybertruck Gigafactory will bring around 5,000 jobs to the city, as per Section 313 of Tesla’s tax limitation application. The application also indicated that the salary would be about $74,000 per year for 25 jobs at the factory.

The Del Valle Independent School District news bodes well for Tesla and Texas, especially because recent delays at the Travis County Commissioners Court indicate roadblocks for the arrival of the electric car manufacturer. For example, in recent hearings, a number of neighborhood call-ins have led to a general alert against large corporations such as Tesla, whose priorities do not favor local taxpayers and workers.

Among those was Jessica Wolff, Workers Security Project’s deputy policy chief. Wolff asked Tesla in a statement for more transparency, particularly regarding the jobs it will bring to the area. “Tesla has said that they will provide 5,000 middle skilled jobs. Our community needs more transparency. We need specifics. What types of jobs? How many will be temporary vs. permanent? What are the starting wages and benefits each will receive?” She said.

Austin, Texas is commonly regarded as one of two finalists for the Cybertruck Gigafactory venue, the other being Tulsa, Oklahoma. Austin appears to be farther ahead of the two locations, but Tulsa is still pressing hard on their attempts to persuade the electric car manufacturer to set up shop. Elon Musk has recently visited Tulsa in person, where local officials welcomed him. With that in mind, it seems the Cybertruck Gigafactory race can reach its final stages.

Reported by Teslarati.

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