Milpitas Approves Economic Development Incentive Agreement with Rivian
City of MilpitasCity · Milpitas, CA- Disclosed value
- $16,150,530
- From agenda
- Document date
- Mar 4, 2025
- Term
- 8 years
The 30-second brief
The City of Milpitas and Rivian, LLC are in agreement to provide financial incentives for benefits including sales tax revenues, job creation, and community benefits. The agreement has an initial eight-year term with an option to extend the lease term for an additional five years. Rivian will receive payments made by the City from local sales taxes attributable to the 755 Yosemite Drive LMH business activities and received by the City from the State.
RIVIAN holds this economic development incentive agreement contract with City of Milpitas. Its other public contracts on record include work for City of Orland and City of San Dimas.
Term as filed: 8 years.
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Contract details
- Contract type
- Economic Development Incentive Agreement
- Amount
- $16,150,530
- Document date
- March 4, 2025
- Term
- 8 years
- Vendor
- RIVIAN
- Agency
- City of Milpitas
- Source document
- city-of-milpitas-agenda-report-rivian-economic-development-agreement_4bc.pdf (Agenda)
RIVIAN's other public contracts
More City of Milpitas contracts
Questions about this contract
Who was awarded the economic development incentive agreement contract by City of Milpitas?
RIVIAN was awarded this economic development incentive agreement contract by City of Milpitas, as recorded on March 4, 2025. The contract value is $16,150,530.
How much is the RIVIAN contract with City of Milpitas worth?
The RIVIAN contract with City of Milpitas is valued at $16,150,530, covering economic development incentive agreement work.
What type of contract is this?
This is a Economic Development Incentive Agreement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-milpitas-agenda-report-rivian-economic-development-agreement_4bc.pdf (Agenda), dated March 4, 2025 from City of Milpitas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does RIVIAN hold?
RIVIAN may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Milpitas currently buying?
Explore City of Milpitas's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.