Tuesday, December 19, 2023

State of Illinois Incentivizes Chinese EV Plant in Illinois

Article Title: State of Illinois Incentivizes Chinese EV Plant in Illinois
Snippet of Article: "... total incentive package from the State of Illinois, which includes REV, Invest in Illinois, and other incentives, is valued at $536 million. Through REV, Gotion is eligible to receive tax benefits totaling $213 million over 30 years. The REV agreement specifies a minimum company investment of $1.9 billion and the creation of 2,600 full-time jobs that are paid at least 120% of the average wage of similar job classifications in Kankakee County. A link to the executed REV agreement can be found here...."


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