May 3, 2022 03:19 pm
Original Link: https://www.theverge.com/2022/5/3/23055112/rivian-georgia-factory-deal-tax-incentive-amount
Rivian wins $1.5 billion tax incentive package to build an EV factory in Georgia
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 by the company and local officials in the state. 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...
Original Link: https://www.theverge.com/2022/5/3/23055112/rivian-georgia-factory-deal-tax-incentive-amount
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge