US EditionGovernor Pritzker and Rivian announce new supplier park in Normal
- On Monday, it was revealed that Rivian will build a 1.2 million-square-foot supplier park in Normal, Illinois, with support from Governor JB Pritzker.
- Rivian planned this investment for years to co-locate suppliers near its manufacturing plant, supported by a $16 million state incentive package.
- The project includes an underground tunnel connecting the park to the main facility to ease parts transport without increasing local traffic.
- Rivian plans to invest nearly $120 million and create approximately 100 new jobs as part of its supplier park development, supported by a $5 million tax incentive spread over 20 years. CEO RJ Scaringe expressed enthusiasm about the rapid progress being made on the new facility.
- The supplier park is expected to strengthen Rivian's supply chain, attract global investment, and foster Illinois’s leadership in clean energy manufacturing.
21 Articles
21 Articles
Rivian gets $16 million from Illinois to build new supplier park
Rivian is receiving $16 million in state incentives to help construct a new 1.2 million-square foot supplier park near its EV manufacturing plant in Normal, Illinois, according to Illinois Governer JB Pritzker and Rivian, who both made official announcements today. As part of the deal, Rivian will invest nearly $120 million towards the project, which is expected to directly create about 100 new jobs. In a press release, Pritzker says Rivian’s in…
Governor Pritzker and Rivian announce new supplier park in Normal – WAND (Decatur)
Rivian’s investment was supported by a $16 million incentive package, which includes a Reimagining Energy and Vehicles (REV Illinois) tax incentive valued at $5 million over the course of 20 years. The remaining incentive package primary consists of capital grant support. The REV Illinois agreement specifies the creation of a minimum of 93 full time jobs and a $119.6 million investment.
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