Tesla Motors Inc (NASDAQ:TSLA) recently received the approval of the Nevada lawmakers and the Governor to construct a $5 billion gigafactory for the manufacture of batteries. According the company’s CEO Ellon Musk’s own words, the capacity of the company will be more than that of all the current battery production of the whole world combined.
Well, than could be a reason why many Nevadans are looking forward to this. Many have said that the project means that the old Nevada will meet the new. Yes, the structure will be erected near Reno, an old city of the State of Nevada, known for its former high life and entertainment. The city, also referred to as “The Biggest Little City in the World”, is dotted with old bars and casinos, showing its entertainment and gambling past.
But that’s not it here; this is about positively impacting the lives of the residents of Reno, a region that’s fast feeling the greatness of industries around. Job opportunities and businesses are fast coming up.
Tesla Motors Inc (NASDAQ:TSLA) has already secured up to $1.3 billion in incentives from the Nevada government with all the necessary legislative measures secured. The GigaFactory alone could directly employ 6,500 people and has an estimated 22,000 jobs to be created within the state. It’s about the factory workers, businesses, distribution channels, and many more.
“We have already received numerous calls from companies that heard Tesla is coming here and want to visit and a few that have already decided to relocate here,”
said Mike Kazmierski, CEO of the Economic Development Authority of Western Nevada.
It’s a brighter future for the people of Reno, who are only about 20 miles from the site identified for the factory. The person, on whose land the project is to be constructed, rejoices at the thought of the plant.
“In the 1800s, Storey County was the richest place on earth because of the Comstock Lode, gold and silver,” said Lance Gilman, 69, who bought the land for the industrial park with a partner for $20 million in the late 1990s. “Then it became poor. Now, maybe it will be the richest place again.”
Some of the companies that already have some of their businesses and warehouses around the industrial site are Amazon, Wal-Mart, Federal Express, among others.
The area already has approved modern road plans, communication infrastructure, a close super highway, railroad, and a host of other things that will spring into action as soon as the Tesla Motors Inc (NASDAQ:TSLA) plant’s construction begins.