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Rivian Automotive | 8-K: Signing the REV Tax Credit Agreement

Rivian Automotive | 8-K: Signing the REV Tax Credit Agreement

Rivian Automotive | 8-K：签署REV税收抵免协议
美股sec公告 ·  05/03 08:36
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On May 2, 2024, Rivian Automotive, Inc. announced the entry into a significant agreement with the State of Illinois. The agreement, effective April 29, 2024, involves Rivian Automotive's commitment to a major expansion and renovation of its manufacturing operations in Normal, Illinois. The company has pledged to invest over $1.5 billion within five years and create at least 559 new full-time jobs by the end of 2029, in addition to retaining 6,000 existing jobs in the state. These commitments are part of the conditions for Rivian to receive an incentives package worth up to $827 million, which includes tax credits, exemptions, and grants. The agreement also stipulates that Rivian must maintain operations at the expanded facility for at least 15 years and meet job creation and investment commitments...Show More
On May 2, 2024, Rivian Automotive, Inc. announced the entry into a significant agreement with the State of Illinois. The agreement, effective April 29, 2024, involves Rivian Automotive's commitment to a major expansion and renovation of its manufacturing operations in Normal, Illinois. The company has pledged to invest over $1.5 billion within five years and create at least 559 new full-time jobs by the end of 2029, in addition to retaining 6,000 existing jobs in the state. These commitments are part of the conditions for Rivian to receive an incentives package worth up to $827 million, which includes tax credits, exemptions, and grants. The agreement also stipulates that Rivian must maintain operations at the expanded facility for at least 15 years and meet job creation and investment commitments to retain eligibility for the tax credits, which are initially available for 15 years with a potential extension. The agreement can be terminated under certain conditions, including failure to meet commitments or by mutual consent. The details of the agreement were disclosed in a Form 8-K filed with the SEC, accompanied by the full text of the agreement as an exhibit.
2024 年 5 月 2 日，Rivian Automotive, Inc. 宣布与伊利诺伊州签订一项重要协议。该协议于2024年4月29日生效，涉及Rivian Automotive承诺对其位于伊利诺伊州诺玛尔的制造业务进行重大扩张和翻新。该公司已承诺在五年内投资超过15亿美元，到2029年底创造至少559个新的全职工作岗位，此外还将在该州保留6,000个现有工作岗位。这些承诺是 Rivian 获得高达 8.27 亿美元的一揽子激励计划的条件的一部分，其中包括税收抵免、豁免和补助金。该协议还规定，Rivian必须将扩建后的设施的运营维持至少15年，并履行创造就业机会和投资的承诺，以保留获得税收抵免的资格，税收抵免最初有效期为15年，可能会延期。协议可以在某些条件下终止，包括未能履行承诺或经双方同意。该协议的细节已在向美国证券交易委员会提交的8-K表格中披露，并附有协议的全文作为附录。
2024 年 5 月 2 日，Rivian Automotive, Inc. 宣布与伊利诺伊州签订一项重要协议。该协议于2024年4月29日生效，涉及Rivian Automotive承诺对其位于伊利诺伊州诺玛尔的制造业务进行重大扩张和翻新。该公司已承诺在五年内投资超过15亿美元，到2029年底创造至少559个新的全职工作岗位，此外还将在该州保留6,000个现有工作岗位。这些承诺是 Rivian 获得高达 8.27 亿美元的一揽子激励计划的条件的一部分，其中包括税收抵免、豁免和补助金。该协议还规定，Rivian必须将扩建后的设施的运营维持至少15年，并履行创造就业机会和投资的承诺，以保留获得税收抵免的资格，税收抵免最初有效期为15年，可能会延期。协议可以在某些条件下终止，包括未能履行承诺或经双方同意。该协议的细节已在向美国证券交易委员会提交的8-K表格中披露，并附有协议的全文作为附录。
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