---
schema_version: "secwatch.filing_event.v1"
accession: "0001874178-24-000034"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:20:48.583875+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rivian inks IL REV Tax Credit deal; up to $827M incentives for $1.5B capex

## Summary
- Committed to at least $1.515B in capital expenditures within 60 months for Normal, IL expansion.
- Must create 559 new full-time jobs by Dec 2029 (above baseline of 8,587) and retain 6,000 existing jobs.
- Incentives package valued up to $827M includes tax credits, exemptions, and grants over initial 15-year term.
- Failure to maintain job or investment commitments may result in loss of credits or repayment obligation.
- Agreement requires operations at the Project for a minimum of 15 years after placed in service.

## SEC filing metadata
- accession: 0001874178-24-000034
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000034/0001874178-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000034/rivn-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001874178-24-000034
- JSON: https://secwatch.observer/filing/0001874178-24-000034.json
- Plain text: https://secwatch.observer/filing/0001874178-24-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.