A development authority east of Atlanta has voted to approve an “economic development agreement” for the planned $5 billion Rivian factory, outlining terms with the electric vehicle company, including environmental standards and taxpayer-backed incentives.
The agreement is a key milestone for the Georgia project planned near Social Circle and Rutledge and sets the stage for grading, permitting and other work to begin. But full details of the pact are not yet public and likely won’t be until early next week after the documents have been signed by the state and Rivian, spokespeople for the state and the local authority said April 26.
