A requirement for the EV startup to purchase an Oklahoma City factory has been removed from one deal worth millions in cash incentives.
The state will likely grant exceptions for pension systems using companies accused of boycotting the fossil fuel industry, Oklahoma Treasurer told executives after asking journalists and attorneys to leave the room.
Enel is considering the Tulsa Port of Inola as a potential site for a solar panel plant, which would create an estimated 1,500 jobs.
Some officials blame a combination of a lack of qualified workers, infrastructure and incentives that haven’t kept pace with other states. Others say Oklahoma’s conservative politics are holding the state back. A new committee will look for answers.
Oklahoma is trying to use the LEAD Act to compete with Canada and convince Volkswagen to build a battery plant in Oklahoma.
A state oversight board once had the power to approve Tourism contracts, but legislation in 2018 stripped its powers.
“There’s risk in every venture you have,” says Canoo CEO Tony Aquila.
A bill opposed by big tech that would give Oklahoma the nation’s toughest data-privacy protection laws will not receive a Senate hearing, its author says.
