Governor Brian Sandoval Announces Faraday Future Selects NV

LAS VEGAS, N.V. (December 10, 2015)-- Nevada Governor Brian Sandoval, Governor’s Office of Economic Development Director Steve Hill and Faraday Future Vice President of Global Manufacturing Dag Reckhorn today announced that Apex Industrial Park located in North Las Vegas, Nevada has been selected as the official site for the Faraday Future $1 Billion North American production facility. The Governor, Director Hill, and Faraday Future executives were joined by State Legislative Leadership, Clark County Commission Chairman Steve Sisolak, Commissioner Marilyn Kirkpatrick, and North Las Vegas Mayor John Lee for today’s announcement.

“It is my pleasure to announce that the state of Nevada and Faraday Future have reached an agreement that will bring the company’s $1 billion production site to the Apex Industrial Park in North Las Vegas, Nevada. Subject to legislative approval, this project will make southern Nevada a serious competitor for world-class facilities and projects bringing high-quality jobs to southern Nevada,” said Governor Brian Sandoval. “I would like to thank Faraday Future for recognizing the limitless potential found in the Silver State. This is yet another meaningful step toward the creation of a New Nevada based on innovation, technology, and entrepreneurship - grounded in 150 years of tradition, but with its eyes squarely on the horizon.”

“We have completed a lengthy and thorough site selection process, and are thrilled by the opportunity to partner with Nevada to move this project forward, pending legislative approval,” said Dag Reckhorn, Vice President of Global Manufacturing, Faraday Future. “We are eager to begin production of our vehicle of the future; it will embrace the increasingly intrinsic relationship between technology and mobility. I would like to thank Governor Sandoval and his team as well as the local governments and the State Legislature for their tireless efforts and look forward to a continued and lasting partnership.”

“This agreement will allow southern Nevada to compete for new businesses and industries in a way that it could not before,” said GOED Director Steve Hill. “It was a pleasure working with the Faraday Future team and I am committed to working with the Legislature and local municipalities to ensure that we can transition forward swiftly and with confidence that this is a win for our state.”

“This is a great day for southern Nevada and an incredible opportunity to diversify our economic portfolio,” said Senate Majority Leader Michael Roberson. “I look forward to hearing the specific details of the agreement in the Nevada State Senate in the near future.”

“Good-paying, high-quality jobs for all Nevadans have always been a top priority for the State Senate Democratic Caucus and this announcement sounds like a great opportunity to continue fighting for the middle class,” said Senate Minority Leader Aaron Ford. “I would like to thank the state and local officials for the work they have completed and look forward to a thorough review of the final agreement.”

“We are entering an exciting new era of innovation and the announcement today is further proof that Nevada is emerging as a leader in our changing global economy,” said Assembly Majority Leader Paul Anderson. “I look forward to working with my Assembly colleagues as we review the final agreement.”

“This is exciting news for all Nevadans and I was proud to participate in today’s announcement,” said Assembly Democratic Leader Irene Bustamante Adams. "I am ready to get into the details of the proposal in the upcoming weeks. Nevada has set itself up well to provide and invest in the infrastructure of our state, and the news today is a sign that our business climate is second to none."

Deal Summary and Proposed Legislation


About the Governor’s Office of Economic Development:
Created during the 2011 session of the Nevada Legislature, the Governor’s Office of Economic Development (GOED) is the result of a collaborative effort between the Nevada Legislature and Governor Brian Sandoval to restructure economic development in the state. GOED’s role is to promote a robust, diversified and prosperous economy in Nevada, to stimulate business expansion and retention, encourage entrepreneurial enterprise, attract new businesses and facilitate community development. More information on the Governor’s Office of Economic Development can be viewed at .

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