Oklahoma governor pushes for $700 million rebate package to lure a company he can’t name
by Emma Roth from The Verge - All Posts on (#5YBC2)
Governor Kevin Stitt is bound by a non-disclosure agreement, preventing him from revealing the company's name. | Photo by SAUL LOEB/AFP via Getty Images Governor Kevin Stitt of Oklahoma called on lawmakers to approve an enormous financial incentives package that's supposed to coax an unnamed company with ties to the electric vehicle (EV) industry to the state, according to a report from Fortune and local media outlet News 9. A non-disclosure agreement barred Governor Stitt from revealing the name of the company and the amount of money pledged to the package - but there's good reason to believe that this company may be Panasonic.
Tens of billions of dollars are going to be invested over the next five to seven years in this space, and we want Oklahoma to be the spot that these folks land," Governor Stitt said in a press conference. But I'll tell you this, if I don't get it passed, it's...