The facility, which is anticipated to bring more than 1,700 jobs to the region, will be located near Houser and Vail roads along State Route 87 — land that is part of the Saint Holdings LLC’s Inland Port.
The Economic Development Retail Tax Incentive Agreement stipulates that the city will support Nikola’s proposed manufacturing facility to obtain a designation as a Foreign Trade Zone. The designation would cut the property tax assessment on the proposed site from 18 percent down to just 5 percent.
The city would also provide a number of tax incentives to Nikola Corp., including a 49 percent reimbursement of sales tax (over a period of 10 years) paid by the company during the construction of the facility.
Pinal Partnership at its October breakfast, October 19th will hear from a panel discussing the process that got Nikola Corp to Coolidge, their future plans and how this will all affect not only Coolidge or Pinal County, but the entire State!
PANEL moderated by Jordan Rose, Rose Law Group PC
Jackob Andersen, Saint Holdings
Tom Stringer, Nikola Corp Site Selection Consultant
Mayor Jon Thompson, City of Coolidge
Sandra Watson, Arizona Commerce Authority
Britton Worthen, Nikola Corp Chief Legal Officer
It’s no secret why this start-up already has $11 billion pre-order reservations – Nikola has chosen Coolidge to build production-ready, zero emission semi-trucks that have 1,000-mile+ range with 20% less operating costs per mile, more horsepower, torque and more safety features than any other diesel ever built. If that’s not exciting enough, it is expected to have an economic impact of $1.2 billion by full production in 2025.
The plant was initially slated to be developed in Buckeye. However, after receiving an order for 800 semi-trucks from Anheuser-Busch, the company had to expedite its production schedule and find a site that already had the infrastructure in place to begin building.
While Nikola Corp. initially got its start in Salt Lake City, the company has moved its headquarters to Arizona. Currently, the corporation is operating out of a temporary facility in Chandler, as construction of the Nikola headquarters and research development facility in Metro Phoenix nears completion.
Join Pinal Partnership at Rawhide Western Town, 5700 W North Loop Rd, Chandler, AZ 85226 on Friday, October 19, 2018 for a 7:30 a.m. check-in and breakfast, 8:00 to 9:00 a.m. program.
Breakfast must be pre-paid: $20 for members, $30 for non-members. Click here for more information about becoming a member.