Rivian Secures $827 Million in Funding to Expand in Illinois (1)

Rivian Automotive Inc. will receive incentives valued at $827 million from Illinois to expand its electric-vehicle plant in the state after the company halted work on a separate facility in Georgia.

The 30-year package consists primarily of tax benefits under the Reimagining Energy and Vehicles in Illinois program, according to a statement Thursday from the governor’s office. Rivian is set to receive $75 million in capital funding under a separate state initiative. The automaker also announced the state package in a separate release.

The incentives underscore the financial benefits for the manufacturer in building out an existing production site ...