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 with more than 1,100 hires in California.
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 Corp., 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...