Fort Bend County approves Tesla solar factory incentives in Texas

Fort Bend County commissioners approved four Tesla incentive agreements on Thursday by a 4-0 vote for the proposed $10.1 billion solar cell factory near Needville, Texas. The package includes a property tax abatement in Reinvestment Zone No. 34, a Chapter 381 economic development agreement, a foreign trade zone non-objection with payments in lieu of certain taxes, and a payment in lieu of taxes true-up agreement. The project, known internally as "Project Crystal Sun", would occupy roughly 3,000 acres south of the Brazos River and cover the full chain, from ingots and wafers to cell testing.…

• Fort Bend approved four incentive agreements 4-0 on Thursday.
• The JETI application splits the investment into $1.5 billion in real property and $8.6 billion in equipment.
• Tesla projects 9,712 permanent jobs by 2033 and commercial operations in Q1 2029.

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