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Subsidy Tracker Individual Entry

Company: Rivian
Parent Company: Rivian Automotive Inc.
Subsidy Source: state
Location: Illinois
City: Normal
Project Description: EV making facility
Year: 2024
Major Industry of Parent: motor vehicles
Specific Industry of Parent: electric vehicles
Subsidy Value: $827,000,000
Subsidy Value in 2023 Dollars: $802,204,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 550
Wage Data: $51,174
Wage Data Type: minimum salary
Capital Investment:  $1,500,000,000
Source of Data: Information taken from a May 2, 2024 press release from the Governor Pritzker office: "Gov. Pritzker and Rivian Announce $1.5 Billion Investment in Normal Facility." (click here)
Notes: Rivian plans to build electric R2 SUV vehicles in the Normal facility (after pausing a Georgia project). The Illinois package includes: $634 million over 30 years in tax credits from Reimagining Energy and Vehicles (REV) program; $75 million from the Invest in Illinois program; and unspecified amount for workforce training, including support from the Employer Training Investment Program (ETIP). Rivian promised to create 550 jobs, retain 6,000 jobs, and pay 120% of the average wage for similar jobs in the county. Overlaps with the main data: a 2023 $634 million REV entry from Illinois.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.