Company: Canoo Parent Company: Canoo Inc. Subsidy Source: multiple Location: Oklahoma City: Pryor Creek County: Mayes Project Description: EV manufacturing facility Year: 2021 Major Industry of Parent: motor vehicles Specific Industry of Parent: electric vehicles Subsidy Value: $300,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 2,000 Source of Data: The Reuters article quoting Canoo CEO: Ben Klayman, "U.S. electric vehicle startup Canoo to build plant in Oklahoma," Reuters, June 17, 2021, (click here). 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, (click here) see the article appendix breaking down subsidies: (click here) NDA at (click here). See also Canoo June 17, 2021 press release: (click here) Notes: 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. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.