Hyundai gets $1.8B in aid to build electric cars in Georgia
https://apnews.com/f86760ac7a198c589a7ef1dd97b83c27
SAVANNAH, Ga. (AP) — The state of Georgia and local governments are giving $1.8 billion in tax breaks and other incentives to Hyundai Motor Group in exchange for the automaker building its first U.S. plant dedicated to electric vehicles near Savannah, according to the signed agreement disclosed Friday.
The deal calls for Hyundai to invest $5.5 billion in its Georgia plant and hire 8,100 workers. It's the largest economic development deal in the state's history and comes just months after Georgia closed another major deal with electric vehicle maker Rivian to build a factory in the state.
Hyundai gets $1.8B in aid to build electric cars in Georgia
Jul 22, 2022, 10:25pm UTC
https://apnews.com/f86760ac7a198c589a7ef1dd97b83c27
> SAVANNAH, Ga. (AP) — The state of Georgia and local governments are giving $1.8 billion in tax breaks and other incentives to Hyundai Motor Group in exchange for the automaker building its first U.S. plant dedicated to electric vehicles near Savannah, according to the signed agreement disclosed Friday.
> The deal calls for Hyundai to invest $5.5 billion in its Georgia plant and hire 8,100 workers. It's the largest economic development deal in the state's history and comes just months after Georgia closed another major deal with electric vehicle maker Rivian to build a factory in the state.