Joby receives calcompetes grant to support california facility expansion and 690 new jobs

Santa cruz, calif.--(business wire)--joby aviation, inc. (nyse:joby), a company developing electric vertical take-off and landing (evtol) aircraft for commercial passenger service, today announced it has been awarded a $9.8 million california competes grant by the governor's office of business and economic development (go-biz) to support the company's continued statewide expansion. the $9.8 million grant will assist in financing a significant expansion of joby's facilities in marina, california.
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