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Tuesday, December 15, 2015

Bright Future for North Las Vegas

Faraday electric car plant expects to open in North Las Vegas' Apex Industrial Park in late 2017. The 100% electric cars will be produced inside the 3 million square foot plant that will cost $1 billion to build. 

"Faraday chose the site over locations in Georgia and Illinois that offered usable auto plants and better relocation incentives because it likes the business environment Nevada offered."

The Numbers:

  • 3 million square foot plant
  • $1 billion plant
  • 4,500 plant jobs
    • 50% of the workforce hired have to be Nevada residents
    • $22/hour is the average wage for its workers
  • 3,000 construction jobs
  • 9,000 indirect jobs
  • $230 million in state general fund revenue (once the plant has matured)
  • $270 million in local government revenue (once the plant has matured)
  • $85 billion in economic growth over the next 20 years
  • $260 million in K-12 education revenue over 20 years
  • $1 million-a-year direct charitable contribution to K-12 education over 6 years starting in the 2018-2019 school year

Video via KTNV- Gov. Sandoval formally announces electric car plant deal

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | 702-960-4819 Shawn | 702-960-4819 Kyle
Source: Las Vegas Review-Journal

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