Pritzker doubles down with $827 million of taxpayer money for expansion by troubled electric vehicle maker, Rivian – Wirepoints
At $1.5 million per job, the new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.
The only good thing is that you can get higher interest rates on savings. Discover Bank/Capitol One Bank/Ally and more are paying at least 2.15% and going up all FDIC insured. CD’s are higher depending on term.
If pension funds are investing some of the cash on hand and getting a few percent that will offset the 3% compounding a little but big banks are still only paying 0.1%.