Coolidge gives green light to Nikola Motors agreement
Nikola Corp.’s manufacturing plant will be located near Houser and Vail roads in Coolidge./Google Maps via Coolidge Examiner
Plans to develop a million-square-foot semi-truck plant within the Coolidge city limits took one step closer to becoming reality Monday night.
During its regularly scheduled meeting, the Coolidge City Council approved a development agreement with Nikola Corporation, a company that aims to revolutionize the future of transportation through the development of hydrogen-electric semi-trucks.
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.
