Rivian Automotive Expands Normal, Illinois, Operations
05/06/2024
The investment will increase the total capacity for the company’s existing McLean County site to 215,000 units per year, with a focus on the R2 SUV.
“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.”
The project is being supported by an $827 million incentive package from the State of Illinois Department of Commerce & Economic Opportunity, with the majority of funding derived from REV tax credits with a focus on workforce development. Through REV, Rivian is eligible to receive tax benefits totaling nearly $634 million over the next three decades. The REV agreement specifies the retention of at least 6,000 jobs for the entirety of the agreement period.
“Rivian had many options for its R2 production and its decision to expand in Illinois speaks volumes to the state’s workforce and the strong EV ecosystem Illinois is creating,” noted Illinois DCEO Director Kristin Richards. “Rivian’s expansion cements our partnership and will bolster the state’s already strong supply chain and help attract and retain other industry heavy hitters while creating good-paying clean energy jobs for Illinoisans.” ?
Pending an executed agreement, Rivian will also receive Invest in Illinois funding in the amount of $75 million in capital funding.
Project Announcements
Titan Mechanical Plans Defiance, Ohio, Fabrication Operations
06/12/2025
Ireland-Based Linde Plans Brownsville, Texas, Operations
06/12/2025
Canadian-Based Torvan Medical Plans High Point, North Carolina, Headquarters-Production Operations
06/12/2025
Amazon Web Services Plans Richmond County, North Carolina, Operations
06/12/2025
Rolls-Royce Expands Mankato, Minnesota, Manufacturing Operations
06/12/2025
StandardAero Component Services Expands Sharonville, Ohio, MRO Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025