Projections made by the Town of Normal’s finance department anticipate a $10.4 million loss in the general fund, but officials say a strong fiscal position entering the pandemic will enable the town to get through the economic downturn.
Rivian founder and CEO RJ Scaringe said his company will not be seeking the $1 million grant that it was owed from the Town of Normal, saying “the funds would better serve our community by remaining with the municipality."
UPDATED 4:15 p.m. | The electric automaker Rivian will be able to claim its local property-tax breaks after meeting the minimum hiring and plant investment thresholds for the 2019 tax year, officials said.
A landscape architect from Queens. A marketing professional in Colorado Springs. A systems engineer from Columbus, Ohio. A cancer scientist near San Diego. An electrical engineer from British Columbia.
Two years after arriving to a community filled with the hopeful and the doubtful, the electric automaker Rivian received an enthusiastic reception Sunday in Uptown Normal as it showed off three vehicles and invited jobseekers to apply at its manufacturing plant.
The shift from gas-powered to electric vehicles will accelerate in the next five years as the number of available EV models grows rapidly—including more SUVs and crossovers—and a fast-charging infrastructure is built out, according to an EV expert.