Rivian gets $1.5B in incentives to build Northeast Georgia plant
Electric vehicle firm Rivian and state and local officials signed off Monday on a deal to build a $5 billion plant east of Atlanta bringing 7,500 jobs.
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Electric vehicle firm Rivian and state and local officials signed off Monday on a deal to build a $5 billion plant east of Atlanta bringing 7,500 jobs.
The economic incentives package that lured Rivian’s second plant to Georgia was finally made public Monday – and its size dwarfs the tax breaks that put the company’s first plant in Normal.
Electric vehicle startup Rivian and state and local officials signed off Monday on a deal announced last December to build a $5 billion manufacturing plant in Morgan and Walton counties
The $5 billion plant is expected to employ some 7,500 people by 2028, with the average annual salary to be $56,000; all employees will receive equity in Rivian.
Rivian Automotive Inc, purveyor of the all-electric R1T and R1S, will receive $1.5 billion in incentives from state and local governments to build a new manufacturing facility in Georgia. Eager to become home to the company’s planned $5 billion assembly plant, the state is offering a comprehensive incentive package that includes tax breaks. The government has […]