Electric vehicle maker Rivian will receive about $1.5 billion in tax breaks and other financial incentives to construct its second manufacturing plant in Georgia, making it the state's largest incentive package in history.
Electric Truck Maker Rivian Gets Record $1.5 Billion Incentive Deal From Georgia
Deal Includes $702 Million Property Tax Abatement As Incentive Packages Grow
By Andy Peters
CoStar News
May 3, 2022 | 6:33 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Kia Motors Corporation
7777 Kia Pky, West Point, GA
- Volvo Cars US Operations
1801 Volvo Car Dr, Ridgeville, SC
- Chevrolet Volkswagon
8001 Volkswagen Dr, Chattanooga, TN
- NE of Rivian Motorway and Electric Ave.
Rivian Motorway, Normal, IL
- Companies
- Rivian
Manufacturing
- State of Georgia
Public Administration
- Georgia Department of Economic Development
Public Administration
- Development Authority Of Walton County
Public Administration