Texas county approves tax subsidies for new Tesla vehicle factory
(Reuters) - A central Texas county that includes Austin on Tuesday approved a plan to provide millions in tax subsidies to Tesla Inc <TSLA.O> if it builds a $1.1 billion vehicle factory in their community.
A majority of commissioners in Travis County voted in favor of providing the electric carmaker with a tax rebate worth at least $14.7 million. One commissioner abstained after asking for a week's delay.
Commissioners in favor of the agreement decided to move forward after a representative of Tesla said executives of the electric auto maker had met with the governor of a rival state, without naming the state.
(Reporting By Joe White; Editing by Chris Reese)
© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.