Democratic News Hubb
Advertisement
  • Home
  • News
  • Democratic
  • Contact us
No Result
View All Result
  • Home
  • News
  • Democratic
  • Contact us
No Result
View All Result
Democratic News Hubb
No Result
View All Result
Home Democratic

Another mega-manufacturer eyeing Pryor industrial park, Gov. Kevin Stitt says

admin by admin
February 18, 2023
in Democratic



OKLAHOMA CITY — Oklahoma is again trying to attract a new mega-manufacturer to the MidAmerica Industrial Park in Pryor.

Gov. Kevin Stitt let slip Friday that the state is trying to close a multibillion-dollar economic development deal that would bring a large employer to the eastern part of the state.

In talking to reporters, Stitt said the deal would be similar to when the state was trying to attract Panasonic Energy to build a $4 billion electric vehicle battery manufacturing plant in Pryor. The company ultimately chose to locate its battery plant in Kansas.

Stitt did not provide details on the company that is eyeing Oklahoma. He simply referred to the economic development effort by its codename, Project Connect.

People are also reading…

“We should know by April, but it’s a really, really big economic development project that we’re looking at in the eastern part of the state,” Stitt said.

Senate Appropriations Committee Chairman Roger Thompson said Project Connect would be eligible for LEAD Act funding. Through the Large-scale Economic Activity and Development Act, lawmakers created a $698 million fund last year to provide economic development incentives to a major manufacturer that would invest at least $3.6 billion in Oklahoma and create 4,000 new jobs within five years.

The incentives were intended to lure Panasonic to the state.

Thompson said he thinks communication is still ongoing about Project Ocean, the state’s attempt to acquire a Panasonic plant, but he said there are only enough LEAD Act funds for one company to claim the incentives.

News reports last year indicated that Panasonic was still considering Oklahoma for an electric vehicle battery plant that would be in addition to the new factory in Kansas.

“It’s just another project on the same lines as Project Ocean,” Stitt said. “It’s just another group that’s looking at that site. We’re just saying, ‘First come, first served.’”

David Stewart, chief administrator of MAIP, declined to comment. A spokeswoman for the Oklahoma Department of Commerce also declined to comment.

Staff writer Rhett Morgan contributed to this report.

Feb. 6, 2023 video. The Oklahoma governor delivered his State of the State address to open the legislative session. Video via okhouse.gov


carmen.forman@tulsaworld.com

Get Government & Politics updates in your inbox!

Stay up-to-date on the latest in local and national government and political topics with our newsletter.



Source link

Tags: businesseconomic developmentelectric vehiclefinancefundingincentivesindustryinstitutionsjournalismkevin stittManufacturingmoneypoliticsstate governmentthe economytrade
Previous Post

How To Make Journalism Less Trustworthy—in 1 Disturbingly Easy Lesson

Next Post

How TikTok influencers are building trust by giving negative reviews of products

Next Post

How TikTok influencers are building trust by giving negative reviews of products

Recommended

Disney Is Going to Lose (Again) to Florida and Ron DeSantis

April 23, 2023

Practical Tools to Help Be a Better Dad

June 16, 2023

Missouri Supreme Court weighs state’s push to defund Planned Parenthood • Missouri Independent

November 8, 2023

West Coast leaders urge feds to reverse decision allowing natural gas pipeline expansion

November 24, 2023

Don't miss it

News

COP28 Ignores Energy Reducing Poverty, Preserving Environment

December 7, 2023
News

Compensation for St. Louis victims of nuclear waste stripped from federal defense bill • Missouri Independent

December 7, 2023
News

After Clean Water Act ruling, states that want to protect affected wetlands need millions

December 7, 2023
Democratic

Republicans block Ukraine funding over US-Mexico border despite Biden pleas | Russia-Ukraine war News

December 7, 2023
Democratic

Medieval Jewish merchants connected Mangalore to Egypt and Spain. Trade in India thrived

December 7, 2023
News

Requiring Age Verification in App Stores

December 6, 2023
News

U.S. House Oversight leader demands probe into ‘political interference’ in FBI HQ move • Missouri Independent

December 6, 2023
News

New study finds guides, outfitter industry contributed nearly $600M to Idaho’s economy in 2022

December 6, 2023
democratic-white

© Democratic News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Democratic
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Democratic
  • Contact us

© 2022 Democractic News Hubb All rights reserved.