(Reuters) – Electric carmaker Rivian Automotive Inc will receive a total of $1.5 billion in state and local incentives and tax credits for the new electric vehicle assembly plant it plans to build in Georgia, the state and company said on Monday.

The $5 billion plant is expected to employ some 7,500 workers once up and running. Workers will receive an average annual salary of $56,000, Georgia’s Department of Economic Development said in a statement.

(Reporting by Ben Klayman and Tina Bellon; Editing by Chris Reese)