Rivian to Receive $827M in Illinois State Funding to Expand Normal, IL Facility
Summary
The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivians workforce, leading up to the companys production of its midsized SUV, R2. "We are grateful for this investment from the State of Illinois and for the leadership of Governor Pritzker, President Harmon, and Speaker Welch," said RJ Scaringe, Rivian Founder and Chief Executive Officer. ""Illinois is positioned to be a powerhouse in this market for years to come, bringing quality jobs and revitalizing communities across the state," said Governor JB Pritzker. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal preserving the natural world for generations to come.Learn more about the company, products and careers at www.rivian.com.This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.