Rivian Receives $1.5B in State Incentives from Georgia
May 4, 2022—Electric vehicle manufacturer Rivian on Monday said it will receive $1.5 billion in state and local credits to build its $5 billion production facility in Georgia.
According to a report from Reuters, the plant will be the company's second and will be built just east of Atlanta. Targeting an opening date in late 2024, the plant is expected to employ around 7,500 workers and will pay an average annual salary of $56,000.
In an agreement with the state, Rivian must reach its promised $5 billion investment and must have 7,500 employees at the plant by 2028 to receive the maximum tax savings from the state.
The plant has faced sizable opposition from residents near the site where Rivian plans to build, and the automaker has struggled to increase its production due to supply chain issues.