Rivian Automotive, Inc. has received an $827-million incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL. The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SUV, R2.
“The support from the state will allow us to quickly bring our midsize SUV, R2, to market and provide even greater consumer choice for EVs,” said RJ Scaringe, Rivian founder and CEO. “Governor Pritzker has always been a strong advocate for providing economic opportunities for Illinois residents and business owners alike. We look forward to continuing our close partnership and building upon the success we have enjoyed.”
The company announced in March that production of R2 would begin production in the Normal manufacturing facility. The existing plant in Normal will continue to produce R1S, R1T, and commercial electric delivery vehicles, and updates to the facility will begin in the coming months.
The post Rivian Awarded $827M Incentive Package to Expand Plant in Normal appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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