The Economic Development Council of the State of Nuevo León approved this Thursday the incentives for the construction of the Tesla gigafactory in the municipality of Santa Catarina.
The incentives, which total 2,627 million pesos, are equivalent to just 3.37% of the investment that Tesla alone will make, without counting its more than 30 suppliers that are already or will arrive in the state as part of Nearshoring.
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“The arrival of Tesla confirms Nuevo León as the next regional electromobility hub in Latin America,” said Governor Samuel García.
The incentives authorized by the Council for basic infrastructure and to support the creation of new jobs through a reduction in the Payroll Tax include: construction of roads and bridges to improve the connectivity of the area, expansion of the water network potable and treated and support for the training of local workers.
“For example, the gigafactory in Nevada generated an economic benefit 28 times greater than public investment, while in California 120 jobs were created in the supply chain for every 100 Tesla jobs. Thus, in Nuevo León there would be 12,000 new direct jobs related to Tesla, almost 15% of the jobs created each year in the state."
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The Tesla gigafactory will be located in a strategic geographic area where key roads such as the Monterrey-Saltillo Highway (both 40 Libre and 40D) and the Monterrey Peripheral Ring (100) converge.
Tesla is the world's number one automobile brand and the ninth most valuable brand, also globally, according to Brand Finance. In terms of innovation, Tesla ranks
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