Taxpayers could be on the hook if electric vehicle (EV) manufacturer Rivian fails to resume progress on its multi-billion dollar Georgia plant.
Rivian announced on March 7 that it would be pausing construction on its $5 billion manufacturing plant that is supposed to be built just east of Atlanta, Georgia, worrying lawmakers and taxpayers in the state that the plant may never be built. However, local authorities had given the company up to $1.5 billion in subsidies and tax incentives with the expectation that Rivian would bring in jobs and tax revenue. (RELATED: Forget California: There Might Be A New Contender For The Most Dysfunctional State)
Despite the pause, Rivian has ensured Georgia officials that it is not abandoning the project and that it remains committed to complying with both environmental regulations and the contractual agreements that were previously agreed to. Since…
