Nevada is syphoning off California companies with generous tax subsidies...at what cost?

[BlueWaveNeverEnd]

and Nevadans are complaining about the California people that come along with those companies.


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Californians are pouring into Nevada. Not everyone is happy about it

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Tesla and its partners were awarded a subsidy package worth $1.3 billion, helping Nevada beat out other states, including California, to score the Gigafactory. The second factory announced in January is likely to qualify for a similar subsidy, based on a state law passed for the company in 2014.

“It’s a giant tax haven,” said Mike Pilcher, president of Northern Nevada Central Labor Council, who calls it both “a blessing and curse.” And that has consequences.

“You have an industrial zone that’s roughly the size of Reno and Sparks, with over 125 companies and growing,” he added. “And they’re not contributing to the infrastructure needs. That’s a recipe for tremendous infrastructure burden.”

Storey County has approved 34 tax-break packages for companies other than Tesla since 2012, according to an analysis Nevada’s economic development office prepared for The Times. Though none of the arrangements rivaled the deal given to the electric-car giant, they totaled more than $300 million.

Many Nevadans have begun debating whether the headlong push for growth has accounted for costs such as housing, schools, roads, child care and services for the region’s poor, said Ann Silver, chief executive of the Reno+Sparks Chamber of Commerce.

“Tesla was brought in for all the right reasons,” Silver said. But “nobody anticipated the full impact.”

https://www.latimes.com/politics/story/2023-02-09/northern-nevada-reno-california-business-housing

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Yet the industrial park that lured so many people here has no houses or apartments, leaving nearby Reno and Sparks, already struggling with a housing crisis, to absorb the flood of transplants — without much extra tax revenue to cover the added services new residents inevitably demand.

[no_hypocrisy]

1. Any water issues?