MORE WINNING! Tesla And Panasonic Announce Plans To Manufacture In BUFFALO, NEW YORK
The Trump effect continues! Two major companies, Tesla and Panasonic, have just announced their intentions to manufacture in Buffalo, New York.
The AP reports, via Yahoo News:
Tesla, Panasonic to make solar cells in Buffalo, New York
Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of solar cells at a factory in Buffalo, New York.
The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a “long-term purchase commitment” to Panasonic.
Their statement gave no financial figures.
The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The photovoltaic cells and modules will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said.
Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo.
Panasonic also is to work with Tesla on next-generation technology, the companies said.
New York state has committed $750 million to build and outfit the plant at Buffalo’s RiverBend site, the centerpiece of Democratic Gov. Andrew Cuomo’s “Buffalo Billion” program to revitalize the upstate region’s largest city.
The AP report makes no mention of Trump but there is an obvious connection. Companies already see advantages to doing more business in the United States because they know the incoming administration will be much more business friendly than the outgoing crew.