Stellantis battery plant gives Pritzker momentum to land more EV deals – Crain’s*

The state ponied up more than half a billion dollars to land Gotion. It hasn’t disclosed how large an incentive package it has offered to Stellantis. But it’s expected to be larger. Pritzker declined to comment on the amount. Stellantis hasn’t commented on the announcement of the new facilities, which was made by the United Auto Workers in connection with a tentative contract agreement Saturday.
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JackBolly
2 years ago

Secret dealings using future taxpayer monies – something doesn’t seem legal about any of it.

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nixit
2 years ago

Meanwhile, in North Carolina…

Toyota more than doubles investment and job creation at North Carolina battery plant
Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina

https://abcnews.go.com/US/wireStory/toyota-doubles-investment-job-creation-north-carolina-battery-104508782

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nixit
2 years ago

The standard incentive under the Reimagining Electric Vehicles in Illinois Act is a tax credit available to Illinois automakers that retain employees as they transition to EV production is increased to 75% of their income tax at the statewide level and 100% of their income tax if they operate in an Underserved or Energy Transition Area.

The REV Illinois Act includes tax credits for income tax withholding, training costs, tax exemptions, and investment credits, as well as allowing local jurisdictions to reduce property taxes for EV projects.

I can’t imagine how this already sweet deal was made sweeter.

Last edited 2 years ago by nixit
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Riverbender
2 years ago

Why just the other day I read here an article that the Stellantis offer was something they could not walk away from and we all know the overall details of the Chinese plant making me think that Pritzker will spend the taxpayers’ very last dollar to pay a plant to be here. To him it is about headlines for future national elections and for the citizens it is just more tax money down the hole.

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Mark Glennon
2 years ago

“Pritzker declined to comment on the amount” of the incentive package — the bribe taxpayers will pay to get this. WTF? Demand and answer.

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Freddy
2 years ago
Reply to  Mark Glennon

Maybe he or some family member will get a lot of Stellantis stock in exchange for the incentive package. This is good news for Belvidere with potentially 3,000 jobs and the new construction of the WalMart and Pillsbury cold storage facilities each over 1M sq. Ft. Also they are building and will build a hotel and other small projects at the I-90 Genoa Rd exit.
Plus if you are aware Toyota will have a solid state battery that can get 700-900 miles with a 10 minute charge.

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