With $10 million in tax money burning a hole their pocket, the Governor’s Office of Economic Development (GOED) awarded funds to several companies planning to move to Nevada and set up shop and, well, compete against those who paid those taxes.
The largest handout went to SolarCity. The company installs solar panels at homes, businesses and government agencies. It is getting $1.2 million and says it plans “to initially create more than 100 jobs” by opening an office in Las Vegas.
Company founder Elon Musk is a big contributor to Democratic campaigns in general and to President Obama and Sen. Harry Reid in particular. According to one news account, GOED board member Secretary of State Ross Miller fawned, “You had me at Elon Musk,” while voting to award the handout.
Musk’s electronic car company Tesla received a federal loan guarantee for $465 million, but has lost or written off more than $1 billion. Musk’s SpaceX gets $1 billion in NASA funding.
“Musk symbolizes the Obama entrepreneur — someone who relies on government to make their riches as opposed to the marketplace,” the Western Center for Journalism observed. Add Nevada riches to the list.
Yes, here are your tax dollars in action, helping someone else try to take your job.