A San Francisco-based startup that does research on self-driving cars will be making an additional investment in San Francisco as well as adding over a thousand new jobs to the city.
Cruise Automation, an SF-based autonomous car startup that was bought last year by General Motors, will be investing $14 million to expand its operations in San Francisco and adding 1,163 full-time employees to its San Francisco facility over the next five years. The new employees will be making about $116,000 a year on average, and the state of California has approved $8 million in tax credits for the company.
This latest example of a push to invest jobs and money in San Francisco shows that the city has a promising future both for employment opportunities and cutting-edge technologies.
Read more: The Detroit News California tax credits to bolster GM’s Cruise Automation