Nevada Governor Signs Deal with Carmaker Faraday

Gov. Brian Sandoval has signed four bills into law to seal a $335 million deal that will bring electric carmaker Faraday Future to Nevada.

Sandoval held a brief ceremony at the Nevada Capitol late Saturday afternoon and congratulated lawmakers for cementing the deal during a four-day special session. Bills finalized Saturday authorize $215 million in tax breaks, and clear the way for $120 million in infrastructure improvements near Faraday's planned factory.

The Republican governor said he's excited about the prospect of young Nevadans getting well-paid jobs at the $1 billion plant in North Las Vegas. The factory is expected to employ 4,500 workers and create another 9,000 indirect jobs.

Sandoval said Nevada's proud of its casino and mining industry, but wants to keep up with the industries of the future.