Kankakee County officials are singing the praises of a huge economy booster. China-based Gotion has chosen Manteno as the site for its U.S. manufacturing site. The company received tax breaks fomr several taxing districts, following up with the lead of the Economic Alliance of Kankakee County.
Alliance CEO and Manteno Mayor Tim Nugent says this will change the dynamics and infrastructure of the entire region. He said there's already talk to lure other companies to the area.
Kankakee County Board Chairman Andrew Wheeler calls it "huge" to attract a comapny like Gotion, its officials coming here with such zeal for this area.
Illinois Governor JB Pritzker, in making the announcement, said "Illinois is open for business." The Governor adds, this and other announcement this week opens the door to much more good for the state.
"Energy and environmental protection are our common challenges. To address them, solar power, wind, and energy storage systems are becoming the backbone of a new energy system and accelerate the revolution in the global energy landscape,” said Li Zhen, Chairman of Gotion High-tech. “All that we see here [in Illinois] are of enormous value to us: an enabling business environment, a supportive state government for the new energy industry and their highly efficient work, as well as the prospects of the State of Illinois in the coming years. When we come to Illinois, we are not building a new factory but are planning to reuse an existing one and bring it back to life again as our way of cherishing and conserving resources. We believe that Gotion’s battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China and the U.S.”
Gotion’s new state-of-the-art EV battery plant will help bolster the supply chain and meet growing demand for batteries across the EV sector, including Gotion’s partners, as well as additional EV manufacturers across North America. The facility will focus on lithium-ion battery cell, battery pack production, and energy storage system integration.Once completed, the facility in Manteno is expected to produce 10 GWh of lithium-ion battery packs and 40 GWh of lithium-ion battery cells, which will strengthen the American EV battery supply chain. The site will cover approximately 150 acres.
With competitive incentives through REV Illinois, unmatched infrastructure, access to markets, as well as an abundant and qualified workforce, Gotion selected Illinois to locate its gigafactory after a competitive nationwide search. Illinois’ assets combined with a comprehensive REV Illinois incentive package and the state’s new Invest in Illinois Fund helped secure Gotion’s historic investment in Illinois.
Gotion’s total incentive package from the State of Illinois, which includes REV, Invest in Illinois, and other incentives, is valued at $536 million. Through REV, Gotion is eligible to receive tax benefits totaling $213 million over 30 years. The REV agreement specifies a minimum company investment of $1.9 billion and the creation of 2,600 full-time jobs that are paid at least 120% of the average wage of similar job classifications in Kankakee County. A link to the executed REV agreement can be found here.
Gotion will also be the first recipient of Invest in Illinois funding in the amount of $125 million in capital funding to the company. The Fund was signed into law in early 2023 to make Illinois more attractive when vying for large projects in highly competitive sectors like clean energy. A link to the executed Invest in Illinois agreement can be found here.
Gotion was also approved by local authorities for property tax abatement for 30 years.
As part of Illinois’ commitment to build out comprehensive EV hubs and support Illinois’ workforce, the state will also fund a new manufacturing training academy nearby, as well as award an additional grant to workforce providers to expand training and prepare regional employees for the new jobs.
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