Massive new car factory for Pryor

[patric]

I hate that Republicans are making me support Bud Light now. I mean, the enemy of my enemy is my friend and so on but - geez - this is almost a bridge too far. 

A-B financed the fight against eliminating 3.2 beer in Oklahoma as well as medical marijuana. Thank God it was only organized crime that financed the fight against legalization, but I digress..

OKLAHOMA CITY — The state has inked a contract for Panasonic to open a massive electric vehicle battery plant at the MidAmerica Industrial Park in Pryor.
But a dispute over who will pay for roughly $245 million in site work at the industrial park means the agreement isn’t a done deal yet.
After the Oklahoma House saw a copy of the agreement on Wednesday, Speaker Charles McCall, R-Atoka, said the deal does not meet the qualifications for Panasonic to be eligible for $698 million in economic development incentives.

https://tulsaworld.com/news/state-and-regional/govt-and-politics/oklahoma-signs-deal-for-panasonic-battery-plant-in-pryor-but-theres-a-catch/article_1ab4f740-dae3-11ed-974f-6b31d097d0f6.html

[Red Arrow]

After the Oklahoma House saw a copy of the agreement on Wednesday, Speaker Charles McCall, R-Atoka, said the deal does not meet the qualifications for Panasonic to be eligible for $698 million in economic development incentives.

Since it is not near Atoka.

[LandArchPoke]

Since it is not near Atoka.

My guess is it's because there is a contingency of the 'infrastructure' cost - the $250 million ish #

The requirement to get the LEAD Act $ is a binding, no contingency agreement - which technically it doesn't appear that Panasonic has signed one.

Doesn't mean they can't easily work this out. He's posturing to get the tax cuts passed - he's been pushing for the elimination of state income tax for a while. Stitt is in agreement there, the Senate does not appear to be interested in doing any resident income tax reduction.

Let's see how dramatic Republicans can be with each other     and I don't get why they are having this discussion/debate now and didn't hammer this out a longtime ago. This is the frustrating part of Oklahoma is they don't seem to ever take any type of economic development deal seriously.

But... even if the money goes back in the general revenue fund they can just reallocate it back to Panasonic anyways.

[Laramie]

Want to see more details with performance triggers before committing to Panasonic.  Looks inviting on the surface.  This would benefit Tulsa metro.

[heironymouspasparagus]

Since it is not near Atoka.

Someone will buy some 'services' from his consulting firm and things will be ok then.

[patric]

I don't get why they are having this discussion/debate now and didn't hammer this out a longtime ago. This is the frustrating part of Oklahoma is they don't seem to ever take any type of economic development deal seriously.

But Im sure Panasonic just cant wait to jump right in...