SACRAMENTO, Calif. (AP) — A state board has approved $10 million in tax credits for an electric vehicle company promising to add more than 900 jobs in San Jose and San Francisco.
The board of California Competes considered the credit for NextEV USA among $47 million taken up at its meeting Thursday to encourage job creation.
It’s the third tax credit Gov. Jerry Brown’s Go-Biz board has approved in the hyper-competitive electric car market. It previously approved $15 million for Tesla and $10 million for Faraday Future.
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