Contributed photo
Contributed photo
Rivian, an electric automaker startup with a production plant in Normal, will be able to claim local tax breaks for the 2019 tax year.
Rivian now has 75 full-time employees and has been able to prove $22 million in plant investments, meeting requirements for Illinois incentives.
Rivian also has facilities in Plymouth, Michigan; San Jose and Irvine, California; and the United Kingdom. The company has raised $1.3 billion to date with large investments coming from Ford, Amazon and Cox Automotive. Rivian is launching a line of fully electric vehicles and batteries, including the R1T pickup truck and the R1S SUV.
Further 2020 tax breaks will be available if Rivian's Normal location has 300 full-time employees and is able to prove $32 million in plant investments by the end of this year."
"Rivian already has 328 employees based in Normal, and the capital investment total is well ahead of schedule," a statement from Rivian said, according to WGLT.org. "Despite the challenges presented with a global pandemic, we are doing everything within our control to safely continue preparation for production."
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