Snap has received a $20 million grant from the state to expand its offices in Santa Monica, Palo Alto and perhaps San Francisco, as well as manufacturing plants for augmented reality devices.
In addition to Snap, Long Beach-based aerospace company AIBOT US received a grant for $15 million. The latest round of grants and tax credits is projected to draw $1.3 billion of private investment to the state, while creating 6,000 jobs. Snap's grant disbursement will begin in the 2025 tax year.
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