Tech

Rivian will receive up to $1.5 billion in state incentives to build manufacturing facilities in Georgia


Georgia will provide Rivian with incentives and tax credits of up to $1.5 billion to support the automaker’s plan to build a new manufacturing plant outside of Atlanta. When Rivian Late last year it will build a second manufacturing facility in Georgia, which the company says will eventually employ more than 7,500 workers at the facility and invest a total of $5 billion in the project. Based on Startups have until 2028 to meet those goals to access all incentives provided by the state government.

The support pack is notable for a few reasons. When the company announced the facility, it said it would pay for the expansion with the capital it secured from its blockbuster $100 billion IPO. Amazon also has a in the company and an order for at least . But despite its strong financial backing, Rivian still struggles to actually deliver cars to customers. At the beginning of the year, the company delivery of 400-mile R1T trucks through 2023. It also and a price hike for R1T and R1S pre-orders resulting in a .

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