The factory, labeled “Project Tera” according to the Bloomberg-obtained document, would be able to produce 200,000 vehicles a year and create at least 7,500 jobs by 2027. A number of incentives, including grants and a city tax abatement of up to $440 million, have also been proposed in the presentation made by the City of Fort Worth’s Economic Development Department to the City Council.

Fort Worth officials also offered to nominate Rivian’s plans for the Texas Enterprise Zone Project, which would make it eligible for further state tax incentives, in addition to other incentives from Tarrant County. 

A number of states and cities are being considered, however, the Texas location has reportedly become the front-runner for the California-based manufacturer. Given the rapidly growing electric vehicle market, many locales are very eager to host companies such as Rivian. 

Rivian is building 100,000 electric delivery vans for Amazon. Video: Amazon News on YouTube

The proposed location of the factory is on a 2,000-acre site in Walsh Ranch, a fast-growing development 12 miles southwest of downtown Fort Worth. As reported by Bloomberg, the plant would include 12 million square feet of vertical construction and Rivian will ensure minimum average annual salaries of $56,000.