KESSLER– Daily Caller:
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.
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 the announcement of the pause, Georgia officials have questioned Rivian about how it will solve current issues at the vacant site, including security, stabilizing graded land with vegetation and stormwater drainage on the lot, according to AJC News. more here
“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. ”
Another example of stupid/corrupt politicians playing with other peoples money.
Man, I truly HATE politicians!
I firmly believe that this Rivian white elephant was just another China payoff to our corrupt governor Kemp. I absolutely believe that Kemp and Raffensperger (SoS) were paid off by China (Dominion voting machines) to screw Trump and the citizens of GA to illegally install left wing scum like Ossoff and Warnock as senators, along with many down ballot legislators in the 2020 and 2022 elections.
I look forward to the day that all of these traitors to America and GA are served their just desserts at the end of a rope. A guy can dream can’t he?
Rivian, the Gremlin of trucks.
The govt getting involved in non government business needs to stop.
The same as with sports stadiums that taxpayers fund but can’t afford to go to.
It’s all getting people rich who don’t care about what’s right.
Corruption plain and simple.
Socialism, or Big Government Cronyism, is about privatizing the gains and socializing the losses. Looks like it will happen here, for the 24,679,158th time.
Is it too late to buy stock in Solyndra? Asking for a friend.
The 2020 election should have told you everything you needed to know about how corrupt Georgia is. And yes, for the moment and for the past 20 years, I’m a resident.