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The Del Valle ISD school board approved an economic incentives agreement with Tesla, which has proposed to build a $1.1 billion Gigafactory in Southeast Travis County, at a meeting on July 9.
Under the 10-year deal, Tesla will pay property taxes on only 20% of the factory's assessed value—a savings of around $50 million—to the school district. In exchange, the electric carmaker has promised 5,000 new jobs, most of which are middle-skill positions that do not require a college degree, and a fleet of workforce development programs.
Construction could begin as soon as this fall, according to Tesla's application for the incentives agreement.
Tesla is also negotiating a separate economic incentives agreement with Travis County, whose Commissioners Court is scheduled to vote on whether to approve the terms this Tuesday.
A Tesla representative said June 23 that Austin is at the top of its list but that economic incentives are required "to make the economics of a factory work."
Tulsa is also courting Tesla and hopes to be home to its next factory, which will produce its latest model, the Cybertruck pickup, as well as a mid-size SUV called the Model Y.
- Elon Musk seeks to fast-track $1.1 billion Tesla factory in Austin ... ›
- Tesla considering buying Austin site for new factory - austonia ›
- Travis County will vote on tax incentive deal for Tesla - austonia ›
- What Tulsa offers Elon Musk for Tesla's next 'Gigafactory' - austonia ›
- Elon Musk threatens to move Tesla operations to Texas and Nevada ... ›
- Travis County to vote on tax incentives deal for $1.1 billion Tesla factory - austonia ›
- Elon Musk says $1.1 billion Tesla factory will be in Austin - austonia ›
- Elon Musk says $1.1 billion Tesla factory will be in Austin - austonia ›
- Trump praises Musk for choosing Texas for Tesla factory - austonia ›
- Work underway on Tesla's Austin Gigafactory site - austonia ›
- Tesla Gigafactory will accelerate growth in southeast Austin - austonia ›
- Tesla's Elon Musk says Austin factory could hire 10k jobs - austonia ›
- Del valle ISD partners with Tesla in high school grad program - austonia ›
Popular
Tito's Handmade Vodka
Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.
There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.
All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.
Click here to see the entire collection in the Tito's store.
🗓 All weekend
Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities
All weekend 6 p.m - 10 p.m | 📍Waterloo Park
This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.
6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703
🗓 Saturday
This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.
10 a.m - 11 a.m | 📍 Metz Park
Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.
Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.
11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway
