Thursday announcement may confirm Tesla plant to NV - CBS 3 Springfield - WSHM

Thursday announcement may confirm Tesla plant to NV

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LAS VEGAS (FOX5) -

With early reports placing Tesla Motors' battery plant in Nevada, Gov. Brian Sandoval has scheduled a "major economic development" announcement on Thursday afternoon.

The Associated Press and other sources on Wednesday reported the electric carmaker will build a $5 billion battery plant in the Silver State, possibly outside of Reno.

Before Thursday's announcement by Sandoval, both Tesla and state officials have not confirmed the movement.

The plant, called a gigafactory, will produce advanced batteries which will power Tesla's next generation of electric cars and supply batteries to other automakers.

Regardless of where it's located in the state, the plant is welcome news.

"It took us some time, but I think we're finally starting to come out [of the recession]," said Dr. Constant Tra, associate director of UNLV's Center for Business and Economic Research.

Tra said tax incentives and Reno's proximity to Tesla's Fremont, CA, base make Nevada an attractive home for the factory. The plant is projected to create up to 6,500 jobs.

"It's a highly qualified labor [force] that probably is not here yet, so there's definitely going to be an influx of new jobs," Tra said.

Tra said that could mean workers from other states will move to Nevada to take advantage of the opportunity.

Tra further said the move could encourage other companies to consider Nevada.

Copyright 2014 KVVU (KVVU Broadcasting Corporation). All rights reserved.

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