News for hackers. Stuff that matters.

A comment on Nevada strikes $1.25B tax break deal with Tesla. Parent comment

Re:Nevada strikes $1.25B tax break deal with Tesla by ENGNR on Thursday September 04, 2014 @11:42PM (#8272218)
It seems like a pretty safe bet for the state though. $1B not collected in exchange for $100B benefit overall. And a bunch of high tech and manufacturing skills added to the labour pool, which could attract other companies for less concessions in the future.

It doesn't seem as difficult competitively as eg picking stocks on wall st is what I'm trying to say.

[ Parent | on HN ]
Re:Nevada strikes $1.25B tax break deal with Tesla by gph on Thursday September 04, 2014 @11:56PM (#8272255)
>It doesn't seem as difficult competitively as eg picking stocks on wall st is what I'm trying to say.

Not yet. But I'm a bit worried about the future. The governors in California and Texas are going to take quite a bit of flack from this. The bidding war for these types of projects is likely to get fiercer. As competition between states increases, the margins will get ever slimmer.

[ Parent | on HN ]