A new law co-sponsored by Representative Brady will help give Illinois a competitive edge in new electric car manufacturing technology. Governor Pritzker today signed into law House Bill 1769 that creates the Reimagining Electric Vehicles in Illinois Act (REV) to provide incentives to attract new employers to Illinois that supply parts and components to our existing manufacturers, such as electric car manufacturer Rivian Automotive in Bloomington/Nornal.
“With this program, we can duplicate success stories like Rivian’s across the state. REV will make Illinois a leader in emerging fields, such as electric car manufacturing, by helping us bring in the suppliers these cutting-edge manufacturers need to complete their products. It also provides good jobs for local families,” said Rep. Brady (R-Normal).
Rep. Brady said the REV program will be administered by the Department of Commerce and Economic Opportunity. It requires that in return for credits, the new businesses must make a significant level of investment and create a specified number of new jobs in Illinois.
“This is about long-term job growth, and mending our state and local economies. New suppliers will invest in our communities, and, by locating here, they will also help mend our broken supply chain. Products made here in Illinois can’t get stuck off-shore on cargo ships en route to another Illinois business,” Rep. Brady added.