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FOREIGN TRADE ZONE REQUEST FOR NON-OBJECTION NIKOLA MOTOR COMPANY NIKOLA MOTOR COMPANY City of Phoenix Foreign Trade Zone No. 75 4141 East Broadway Road, Phoenix, AZ 85040 (Parcel Numbers 123-01-001D 1) Summary from the owner’s representative: Nikola Motor Company designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains. In addition to its headquarters, Nikola will use the leased facility as its research and development center. The company will also conduct light manufacturing and assembly on site. The property is currently 107,000 square feet and will grow to 150,000 square feet by year two of the lease. The plan on hiring 200 full-time employees, invest $19.2 million in real property, and $10 million in equipment and storage. Status of Taxing Jurisdiction Concurrence Letters Received Concurrence Letters Requested the Foreign Trade Zone Board o Tempe High School o Tempe Elementary o East Valley Institute of Technology o City of Phoenix o Maricopa Community Colleges o Maricopa County Special Health Care District o Central AZ Water Conservation District (CAP) Fiscal and Economic Impact Economic Impact estimates are provided by GPEC. UPS will add over 200 full-time employees to its headquarters Over $1.2 million in direct and indirect tax revenue to Maricopa County over the next ten years $150 million in personal income and $53 million in indirect personal income $585 million in direct economic output and $152 million in indirect economic output for over $737 million total. Property Tax Impact Property taxes collected for the parcels is currently approximately $24,242. When completed, property taxes will grow by approximately $31,000. The taxes are for all Maricopa County and its affiliate jurisdictions and assumes Foreign Trade Zone designation.