Tesla and Nevada's Big Economic Development Win

Posted by Whitney Daly on Nov 5, 2014 11:10:16 AM

Tesla Motors is building a lithium battery factory in Storey County, Nevada – a huge economic win for the teslacounty and state. And what’s more surprising is that the Silver State beat out giants Texas and California, among others, in a deal that, according to Dennis Donovan of Wadley Donovan Gutshaw Consulting, “…will go down in the annals of history as one of the biggest economic development and manufacturing wins for any area.” The big win comes with even bigger outputs for the local economy: 6,500 jobs, a larger presence within the technology sector, and the acknowledgement and pride that is paired with the $5 billion battery plant. 

So why was Nevada eventually chosen? Tesla CEO Elon Musk said, “What the people of Nevada have created is a state where you can be very agile, where you can move quickly and get things done. It's a real get things done state. That was a really important part of the decision."

So why do you think Nevada was so successful in winning the gigafactory project? Did Apple’s deal in northern Nevada play a part in attracting Tesla? What can economic development organizations all over the country learn from this deal?

Read the full story here

photo credit: RGJ

Topics: Economic Development, Economic Development Wins

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