Kevin Kelly

California approves $91 million in tax breaks for 114 firms

A state economic development board on Thursday approved an $8 million tax credit for General Motors as the company looks to expand its autonomous vehicle division in San Francisco.

The GM tax credit was among more than $91 million in California Competes incentives for 114 companies approved at a board meeting in Sacramento of Gov. Jerry Brown's GO-Biz agency.

The credits range from GM's $8 million to $20,000 for MinowCPA Corporation, an accounting firm that plans to hire eight people in Newport Beach and Santa Ana.

GM promises to hire 1,163 workers at an average salary of $116,000. San Francisco is the hub for GM's autonomous vehicle research and development since the...

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