“This fits their model of creativity, diversity and speed to market,” said David Stewart, CEO of MAIP. “The center of the story is really what Oklahoma has and what the Governor brings in terms of proactivity and interaction with the Legislature and ODOT (Oklahoma Department of Commerce) efforts. to provide incentives and set that up in combination with a site that can meet their needs.
Canoo reviewed more than 30 sites before choosing Oklahoma, he said. The company will benefit from MAIP infrastructure, workforce, education and other upgrades that will reach $ 100 million, Stewart said.
“Most of the incentives we provided were to speed up projects in our overall planning process,” said Stewart.
Kisling called Canoo Oklahoma’s average salary range “well above” $ 45,000 a year.
“There would be very few people in their entire organization who would earn less than $ 45,000,” he said.
Citing exemptions in the Oklahoma Open Records Act for business development, the Commerce Department last week declined to detail the state’s incentives for Canoo. Aquila reportedly told Reuters that Oklahoma provided the company with more than $ 300 million in tax incentives.
“The important point is that all the incentives will be public at some point,” Kisling said. “But we are still at the negotiating stage. We contract on every incentive because everything in Oklahoma is performance based. So they have to perform.