California approves $91 million in tax breaks for 114 firms

[dealmaker]

California approves $91 million in tax breaks for 114 firms
A state economic development board approved an $8 million tax credit for General Motors as the companylooks to expandits autonomous vehicle division in San Francisco. The $91 million in California Competes incentives approved by Gov. Jerry Brown's GO-Biz agency also include funds for electric-bus manufacturer Proterra Inc., Hulu, Course Hero, Honey Science Corporation, Procore Technologies, ServiceTitan and Renovate America Inc.(Associated Press)

 

[zdreg]

California approves $91 million in tax breaks for 114 firms
A state economic development board approved an $8 million tax credit for General Motors as the companylooks to expandits autonomous vehicle division in San Francisco. The $91 million in California Competes incentives approved by Gov. Jerry Brown's GO-Biz agency also include funds for electric-bus manufacturer Proterra Inc., Hulu, Course Hero, Honey Science Corporation, Procore Technologies, ServiceTitan and Renovate America Inc.(Associated Press)

peanuts for GM.

what about for the other companies?

 

[dealmaker]

peanuts for GM.

what about for the other companies?

GM market cap is only $51B....

 

[dealmaker]

GM to expand S.F. self-driving car unit, hire more than 1,100
Automaker General Motors willspend $14 millionto expand its Cruise Automation self-driving car unit in San Francisco, and will hire 1,100 workers over the next five years, the firm announced. Currently, GM and Cruise are testing more than four dozen Chevrolet Bolt electric vehicles equipped with self-driving technology on public roads in San Francisco, Arizona and Detroit.(Siliconbeat)