LANSING, Michigan – Rivian Automotive will expand operations in Michigan for the development of its advanced technology vehicles.
The Michigan Strategic Fund (MSF) approved a $1.77 million performance-based grant based on target of creating 174 jobs and making associated capital investments up to $29.5 million in its new Dearborn facility. The MSF board approves grants and loans administered by the Michigan Economic Development Corporation, which promotes economic development opportunities including retaining and attracting business to the state.
“We are excited to be expanding in Michigan, and building upon the State’s great automotive DNA,” said Automotive CEO R.J. . Michigan has one of the world’s most diverse automotive research-and-design communities and the nation’s most plentiful supply of industry-related engineers.
Michigan was considered over potential locations in California and Florida, and selected based on the density of experienced automotive designers and engineers, proximity to the automotive supply base, and attractive business climate.
More than three-quarters of automotive research-and-design spending occurs in Michigan’s 370 R&D centers. In addition, Michigan employs nearly 5,000 industrial designers, more than any other state.
For more information on Automotive, please visit http://rivian.com/