Rivian to Receive $827 Million to Expand in Illinois

welcome you're watching intelligence 360 news for Friday May 3rd 2024 rivan Automotive announced today it has received an $827 million incentive package from the state of Illinois Department of Commerce and Economic Opportunity which will allow the company to expand operations at its plant in Normal Illinois the funds from the incentive package will go towards expansion of the plant improvements in public infrastructure and job training program for rivian's Workforce leading up to the company's production of its midsized SUV are two rivan will be participating in several City Improvement projects to demonstrate its ongoing commitment to investing in the Illinois economy and Community we are grateful for this investment from the state of Illinois and for the leadership of Governor pritsker president Haron and speaker Welch said RJ scaringe rivan founder and chief executive officer the support from the state will allow us to quickly bring our midsize SUV r two to Market and provide even greater consumer choice for EVS Governor pritzer 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 rivan is an American automotive manufacturer that develops and builds category defining electric vehicles and accessories 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 rivan vehicles are built in the United States and are sold directly to Consumer and Commercial customers the company provides a full Suite of services that address the entire life cycle of the vehicle and stay true to its mission to keep the world adventurous forever whether taking families on new Adventures or electrifying fleets at scale rivan Vehicles all share a common goal preserving the natural world for generations to come thanks for watching intelligence 360 news for more news on companies who are moving growing and expanding subscribe for free at intelligence 360. news or if you need professional intelligence for your business look at our Pro Edition tools at intelligence 360.