A proposed Tesla project worth more than $10 billion could bring thousands of jobs to Fort Bend County if the company moves forward with plans to build a large solar manufacturing facility.
Lamar Consolidated Independent School District trustees are expected to consider a property tax incentive for Tesla Tuesday night as the company explores more than 3,000 acres near FM 762 and FM 1994.
The proposed project would involve an estimated $10.1 billion investment to build a facility capable of manufacturing solar cells and solar panels.
Tesla says the project could eventually create nearly 10,000 permanent full-time jobs.
A key part of Tesla’s plans involves a potential tax incentive from Lamar CISD.
Under the proposed agreement, Tesla would receive a reduction on a portion of its school property tax bill for a set period of time.
The company would still be responsible for paying other applicable school property taxes.
The incentive is being considered as Tesla evaluates the Fort Bend County site for the massive manufacturing project.
Two major steps are expected Tuesday night.
First, members of the public will have an opportunity to weigh in on the proposed project and tax agreement during a public hearing.
The Lamar CISD Board of Trustees will then consider whether to move forward with the proposed property tax agreement.
The public hearing is scheduled to begin at 6:30 p.m.
Tuesday night’s vote does not mean Tesla has officially decided to build the facility in Fort Bend County. Instead, it would move the proposed tax agreement forward as the company continues evaluating the project.
If completed, the proposed Tesla facility could represent one of the largest economic-development projects in the region and bring thousands of new jobs to Fort Bend County.
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