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Tuesday, November 24, 2015
Rivian Automotive to locate design-and-engineering facility in Dearborn
LANSING, Mich. – Drawing on one of the world’s most diverse automotive research-and-design communities and the nation’s most plentiful supply of industry-related engineers, Rivian Automotive will expand operations in Michigan for the development of its advanced technology vehicles.
The Michigan Strategic Fund (MSF) approved today a $1.77 million performance-based grant based on Rivian’s target of creating 174 jobs and making associated capital investments up to $29.5 million in its new Dearborn facility. The MSF board approves grants and loans administered by the Michigan Economic Development Corporation, which promotes economic development opportunities including retaining and attracting business to the state.
“We are excited to be expanding in Michigan, and building upon the State’s great automotive DNA,” said Rivian Automotive CEO R.J. Scaringe. “Michigan provides a strong environment for high-growth, high-tech companies.”
Michigan was considered over potential locations in California and Florida, and selected based on the density of experienced automotive designers and engineers, proximity to the automotive supply base, and attractive business climate.
“Rivian’s commitment to Michigan reflects the great advantage of locating in the capital of automotive research and development,” said MEDC CEO Steve Arwood. “Michigan is at the forefront of innovation in automotive design and manufacturing, and Rivian is taking its place as a leading company imagining the next ‘automotive experience,’ which translates into making sure the state’s auto industry remains competitive far into the future.”
The city of Dearborn is considering initiatives to further support the project.
“We are extremely pleased that Rivian has selected Dearborn to continue building on their cutting-edge vision and growth plans,” said Barry Murray, director of Economic and Community Development for the city of Dearborn.
More than three-quarters of automotive research-and-design spending occurs in Michigan’s 370 R&D centers. In addition, Michigan employs nearly 5,000 industrial designers, more than any other state.
Pure Michigan is a brand representing business, talent and tourism initiatives across Michigan. These efforts are driven by the Michigan Economic Development Corporation, which serves as the state’s marketing arm and lead advocate for business growth, jobs and opportunity with a focus on helping grow Michigan’s economy.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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