Georgia sets $1.5B in aid for second Rivian plant
ATLANTA (AP and Heart of Illinois ABC) — The state of Georgia and local governments will give Rivian Automotive $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant, according to documents the company and state signed Monday.
It’s by far the largest incentive package Georgia has ever offered to a company.
Rivian’s other plant is in Normal, and currently employs just over 5,000 people.
Georgia Economic Development Commissioner Pat Wilson says the size of the package is “appropriate” for the largest single industrial announcement in Georgia history.
Rivian hopes to break ground as early as this summer and begin production in Georgia in 2024.
The plant has been beset by opposition from residents east of Atlanta who say Rivian will spoil their rural quality of life. However, state leaders said in a news release that the agreement “ensures that the project follows locally required standards pertaining to water quality, groundwater recharge and runoff, and local ordinances.”
Georgia leaders released an executive summary of their economic development agreement with Rivian.
Rivian released a statement Monday afternoon.
“Today marks a milestone in our progress towards the development of our second U.S. manufacturing plant in Georgia as the Economic Development Agreement (EDA) between the Joint Development Authority (JDA) of Jasper, Morgan, Newton, and Walton counties, the State of Georgia and Rivian was approved and signed by all parties. The long-term economic partnership promises to deliver value to Rivian, the people of Georgia and their kids’ kids’ kids.”
Copyright 2022 Heart of Illinois ABC. All rights reserved.