Subsidy Tracker Individual Entry
EV manufacturing facility
The Reuters article quoting Canoo CEO: Ben Klayman, "U.S. electric vehicle startup Canoo to build plant in Oklahoma," Reuters, June 17, 2021, https://www.reuters.com/business/autos-transportation/canoo-picks-oklahoma-site-plant-it-intends-build-ceo-2021-06-17/. The Frontier article outlining land and infrastructure subsidies: Brianna Bailey, "Land and millions of dollars for infrastructure are part of a deal to lure a startup electric car maker to Oklahoma," The Frontier, October 13, 2021, https://www.readfrontier.org/stories/land-and-millions-of-dollars-for-infrastructure-are-part-of-a-deal-to-lure-a-startup-electric-car-maker-to-oklahoma/; see the article appendix breaking down subsidies: https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:d78e8cad-8e8f-4c61-ba75-ad5bfabf53fc#pageNum=3; NDA at https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:20987bfc-f200-4d1b-9f42-5036d9fbf352#pageNum=3. See also Canoo June 17, 2021 press release: https://www.press.canoo.com/press-release/milestone-met-canoo-selects-oklahoma-for-owned-manufacturing-facility
In June 2021, Canoo, an electric vehicle start-up company, announced plans to build a facility at MidAmerica Industrial Park near Tulsa. Canoo CEO Tony Aquila told Reuters at the time of the announcement that the state is providing Canoo more than $300 million in tax incentives. In October 2021, The Frontier, an independent online news organization, published an article based on document obtained via FOIA request, outlining $99.3 million in up-front subsidies offered to the company by the state-run MidAmerica Industrial Park: $61.8 million in cash and land development assistance and $37.4 million in infrastructure preparation. No additional information on remaining subsidies has been disclosed, so we are using the $300 million figure. The Oklahoma Department of Commerce signed an NDA with the company. Overlaps with main data: none.