The Details:

  • Fort Worth will provide $440 million in incentives to Rivian
  • Rivian will build a new factory in the city
  • The factory will produce electric vehicles
  • Rivian will create 2,000 jobs at the factory

Fort Worth is providing $440 million in incentives to Rivian, an electric vehicle startup, to build a new factory in the city. The factory will produce electric vehicles, and Rivian will create 2,000 jobs at the factory. This is Rivian's second electric vehicle factory; the first is located in Normal, Illinois. Rivian is also planning to build an electric pickup truck and an electric SUV.