Elon Musk's $16.8 billion TeraFab plant coming to Grimes County
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The semiconductor project will cover thousands of acres near Gibbons Creek Reservoir and gets 10-year school tax breaks. It's required to create just 10 jobs.
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Kind: captions Language: en Elon Musk's massive semiconductor plant is officially coming to Grimes County. The $16.8 billion Terafab project will cover thousands of acres near Gibbons Creek Reservoir. New agreements show it will receive 10-year property tax limitations from two local school districts. Project is expected to create more than 2,000 jobs, but it is contractually required to create just 10. >> [music] >> That's under a dozen. Local residents have raised concerns about transparency, infrastructure, and the environment.