Rivian To Receive $827M In Funding From State Of Ilinois

The State of Illinois announced today that it will provide Rivian with an incentive package of $827M.

These funds will help expand the factory and improve public infrastructure and job training programs for Rivian’s workforce.

“We are grateful for this investment from the State of Illinois and for the leadership of Governor Pritzker, President Harmon, and Speaker Welch,” said RJ Scaringe, Rivian Founder and Chief Executive Officer. “The support from the state will allow us to quickly bring our midsize SUV, R2, to market and provide even greater consumer choice for EVs. Governor Pritzker has always been a strong advocate for providing economic opportunities for Illinois residents and business owners alike. We look forward to continuing our close partnership and building upon the success we have enjoyed.”

Rivian will be participating in several city improvement projects to demonstrate its ongoing commitment to the State of Illinois.

Rivian has invested more than $2 billion in Normal. In just three years, Rivian has also generated a value add of over $3.9 billion to the local economy, which has brought increased development to the area.

Since production began in 2021, Rivian’s Normal facility has manufactured over 100,000 electric vehicles.