Texas Economic Development Act And The Industries That Benefit

In July, the electric carmaker Tesla inked a deal with Travis County to build a $1.1 billion factory called Giga Texas in the community of Del Valle near Austin. The factory, slated to build electric SUVs and car batteries as well as the company’s new “Cybertruck,” is expected to bring about 5,000 new jobs to the Austin area (PDF) by the end of 2023, many of them relatively well-paid positions not requiring a college degree.


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