The government of Nevada holds meeting to mull over Tesla Motors Inc (NASDAQ:TSLA) deal

The governor of Nevada has called in for a meeting with the state senators and lawmakers to confer about Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory that is to be built in the state, functional in 2017. They will discuss the package for Tesla Motors Inc (NASDAQ:TSLA)’s battery plant, which is worth 1.3 Billion, to be starting function in the state of Nevada four years from now. Nevada had outbid other states like California, Arizona and New Mexico to win the Gigafactory project and now the government aims to finalize the deal with the 1.3 Billion incentive offer.

Tesla Motors Inc (NASDAQ:TSLA) doesn’t face major opposition from the lawmakers, senators even the general public. This resulted in other state senators to criticize the incentive offers made to Tesla Motors Inc (NASDAQ:TSLA) to build the factory in their state. The Governor of Nevada shed some light on the prospects this project will bring for Nevada state residents. The Gigafactory will generate $80 for every dollar spent, it will create jobs at the factory and more indirect jobs amounting to well over the official 6,500 announced and this is a phenomenal step forward for a state which depends heavily on tourism . The state will make over $ 100 billion in the next two decades through this project.

A state senator said that the employment rate in the state will grow by 10 percent with this project, resulting in a decrease of 2 percent in the state unemployment rate. The economy will also get a boost by as much as 4 percent. The conference session between the lawmakers and senators will deal with the incentive package complexities. The majority seat holders in the Nevada government are from the northern region and they have pitched that the factory should be made a public building by law even though the spending comes from Tesla (NASDAQ:TSLA). Hence the government of Nevada will ask Tesla Motors Inc (NASDAQ:TSLA) to adhere to the state’s wage laws. They have also pushed for the local workers to be employed in the factory.

Abiding by the wage laws won’t be a concern for the mighty Tesla Motors Inc (NASDAQ:TSLA) as it is offering $25 dollars for an hour’s work which is a lot more than the minimum wage rate of the state (8 dollars). The session was delayed previously because of the fact that local automakers, health organizations and other state based corporations wanted in on the deal to protect their interests as well. The deal will overall benefit both Tesla Motors Inc (NASDAQ:TSLA) and Nevada because from a wider perspective, it’s a win-all situation for Tesla Motors Inc (NASDAQ:TSLA) and economy. What Nevada has to keep in mind is that a deal like this, if whisked out of hand, will never come back again for a long time. If Nevada misses out, they are other states eagerly waiting in line to offer their own incentive package to the Motor Company.