Brian Cassella/Chicago Tribune/Tribune News Service via Getty Images
The state of Georgia offered Rivian $1.5 billion in tax incentives for the buzzy EV company to build a factory east of Atlanta, according to documents signed by the company and local officials in the state. The factory will cost $5 billion to construct, and eventually produce 400,000 electric vehicles a year. In order to receive the money, Rivian agrees to create 7,500 jobs, with an average wage of $56,000 a year, plus benefits, by the end of 2028.
Georgia officials are portraying the agreement as the largest economic development deal in the state’s history. Rivian has said it will start construction of the $5 billion facility in the summer of 2022 and expects to start making vehicles there in 2024. In addition to its R1T electric...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
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Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.