AFC Championship: Live BlogCoverage from CBS Boston | Gallery | Don't miss a special broadcast of CBS13 News after the game!

SACRAMENTO, Calif. (AP) — A California economic development board has approved an $8 million tax credit for General Motors to expand its autonomous vehicle division in San Francisco.

The GM tax credit was one of 114 approved Thursday by the California Competes board. The companies were given $91 million in exchange for promises to hire more than 8,200 people.

GM plans to hire more than 1,100 people to work on developing autonomous vehicle software, testing vehicles and supporting functions.

The approved tax credits range from GM’s $8 million to $20,000 for an accounting firm in Southern California that plans to hire eight people.

Electric-bus manufacturer Proterra Inc. will get a $7.5 million tax break in exchange for hiring 432 people in Burlingame and the city of Industry.



Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Sacramento

Get Our App
Get The CBS Sacramento Weather AppGet the latest radar, CBS13 AppCasts and hour-by-hour forecasts. You can also send your weather pics.

Watch & Listen LIVE