By: Diane Benjamin
In 2018 Rivian didn’t qualify for property tax abatement. At Monday’s Council meeting they will get a rebate for the taxes due to the Town of Normal based on 2019:
All of the other taxing bodies that were part of the 2016 agreement will also have to rebate taxes.
These are the qualifications:
What you might not know:
- The employees required to be hired don’t have to be Rivian employees. Contractors hired also qualify. It doesn’t matter they will only have temporary jobs.
- The Economic Development Council (EDC) verifies compliance, your elected officials are taking their word for it.
- Normal waived all fees for permits, I wonder if they are doing inspections?
This is the 2016 agreement: https://normal.org/ArchiveCenter/ViewFile/Item/2258
Employees are described as:
Contractors are paid by the “company”. Since taxpayer money is being given away, you deserve to how many permanent jobs have been created. That information is easy to obtain because returns and taxes have to be filed as of 12/31/2019. You will never see them however.
Why am I questioning the number of “employees”? Because of this email, it confirms contractors are considered “employees” by the EDC:
A new article about Rivian appeared: https://www.reuters.com/us-ford-motor-rivian
Ford’s Executive Chairman’s daughter is now on the Rivian Board of Directors. The agreement for $500,000,000 from Ford still stands, it was Lincoln that was put on hold.