Update #2: After checking numerous sources, this looks like a reasonable deal. Rivian is not getting any money unless they meet requirements that have been preset – like the number of employees and investments completed.
Update: See the link in the comments – maybe NOT!
Pantagraph story not allowing comments!
By: Diane Benjamin
After paying $2.5 million for low wage jobs, the Town might be about to do economic development right.
The Pantagraph is reporting a buyer for the Mitsubishi plant is close to a done deal. Normal will give them $1 million and abate property taxes for 5 years if the company meets projections for employment and investment.
A lot of money, but these will be highly paid career jobs. Suppliers might also be lured to the area.
The name of the company is Rivian Automotive.
Bloomington-Normal needs manufacturing jobs. Not everybody is capable of existing in a cubicle. This could be exactly what is needed.