Chicago Construction News staff writer
Gov. JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) have awarded the first Reimagining Electric Vehicles in Illinois (REV Illinois) tax incentive package to T/CCI Manufacturing in Decatur.
The announcement follows Illinois’ passage of the Climate & Equitable Jobs Act and the REV Illinois Act, both aimed at making Illinois the best state to drive and build an electric vehicle.
“Less than 10 months ago, I signed Illinois’ groundbreaking Reimagining Electric Vehicles Act into law. Today, I’m proud to announce we’re welcoming yet another electric vehicle investment to Illinois – and the first of many that ambitious legislation will produce,” said Pritzker.
In addition to $2.2 million in REV incentives, the State’s Fiscal Year 2023 budget included $21.3 million in capital grants to the City of Decatur and Richland Community College to create a first-of-its kind research and innovation facility and training program in partnership with T/CCI.
“This is a significant moment for T/CCI, the City of Decatur, and the State of Illinois, as we embark on new programs to transition our industry toward widespread electrification,” said Richard Demirjian, President of T/CCI Manufacturing.
“T/CCI is recognized in the industry as a leader in compressor technology, already having developed a largest range of EV compressors in the market. We’re excited to use our expertise in innovation and component manufacturing to advance Illinois’ position and create a successful partnership that drives long-lasting economic growth.”
T/CCI is headquartered in Decatur and currently manufactures a variety of compressors suited for combustion vehicles at its Decatur manufacturing facility, while manufacturing compressors for electric vehicles at its facilities abroad in China and India.