Rivian says it has closed on the property acquisition in Morgan and Walton counties, finalizing the deal on two thousand acres that will be home to a facility that will manufacture electric SUVs. Rivian says it expects to hire upwards of 75 hundred workers for the $5 billion plant, which is expected to begin producing the vehicles in 2026.
From the Ga Dept of Economic Development...
The Georgia Department of Economic Development, in conjunction with the Joint Development Authority of Jasper, Morgan, Newton, and Walton Counties, issued the below statement upon closing with Rivian on the bonds and executing the rental agreement, which gives long-term rights to Rivian for the Stanton Springs North project announced in late 2021.
“It’s a great day in Georgia as we close and issue the bonds for the Rivian project. Renting the site to Rivian is the next step in delivering this generational opportunity, and Georgians in Jasper, Morgan, Newton, and Walton counties and beyond look forward to $5 billion in investment and 7,500 goodpaying jobs that this innovative, American manufacturing company will bring. Rivian’s partnerships across the state grow stronger each day. From a new access road and transportation safety upgrades thanks to the Georgia Department of Transportation, and new Rivian charging stations in busy shopping centers and State Parks to the new Spaces location at Ponce City Market and the Westside Service Center, each new footprint is further complemented by Rivian’s active participation in sustainability and electric mobility initiatives statewide. Site grading work will be completed by the State and JDA in the coming weeks, and construction will begin on Rivian’s electric vehicle manufacturing facility at Stanton Springs North by early 2024. We are excited for these next steps in our adventure together with Rivian!”