Georgia lawmakers frustrated as Rivian pauses $5B factory plan, putting incentives at risk

Georgia senators expressed frustration over Rivian's surprise decision to pause its $5B factory in the state and are exploring ways to potentially punish the company.

Rivian said pausing the Georgia factory will save over $2B during a critical cash flow period as it has yet to turn a profit.

Georgia has spent about $141M so far on land acquisition and site preparation for the Rivian factory. Additional infrastructure projects related to the factory are now on hold.

Rivian's agreement with Georgia gives the company until 2030 to deliver 80% of promised jobs and investment or face having to repay incentives.

State economic development officials remain confident the Rivian factory will still be built in Georgia and warn against overreacting to the pause decision.