VinFast Receives $1.2B in Incentives from North Carolina to Build US Electric Car Plant, the Largest Economic Package In State History

15 Jul 2022 | Abstracted from Electrek

"VinFast will not be receiving a lump sum from the state..the $1.2 billion will be broken out: Job Development Investment Grant of $316 million spread out over 32 years. State appropriation of $450 million to cover site preparations, road improvements...additional water and sewer infrastructure. Community college training worth $38 million. Golden Leaf Foundation grant of $50 million. $400 million in incentives from Chatham County, NC."

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