1,100 new positions will be added to the Cruise Automation team as part of a $14 million expansion to the San Francisco, California-based GM subsidiary, and the state had a little something to do with it.
California signed off on $8 million in tax credits for GM Cruise in order to ink the expansion of its driverless car program in the Bay Area. The sizable investment will fund a rehabilitated workspace and add the aforementioned new positions. Current workers may move into the space by the end of the year, according to The Detroit News.
The jobs coming to the area are well-paying ones, too. Per the tax credit agreements, annual salaries will dip no lower than $59,000, but most will hover around six figures for compensation.
The tax credits aren’t anything new to the state, which comes from the California Competes program. Previously, Tesla benefited from the credits and received $15 million to expand its operations. With GM buying into the credits, it helps the automaker expand its presence in California’s iconic technology sector.
Cruise Automation has been hard at work developing GM’s driverless vehicle technology. From recent comments, the automaker and Cruise are gearing up to deploy a network of self-driving vehicles, possibly through ride-sharing service Lyft. The timing is unclear, but expect it sooner rather than later.