Governor Stitt awards $15M to electric car company Canoo

PRYOR, Okla. — Oklahoma is giving electric car manufacturer Canoo $15 million from the state’s “Quick Action Closing Fund” as part of an incentive package to bring thousands of new tech and manufacturing jobs to the state.

>>MORE: Canoo opening Tulsa tech hub

“We continue to make key progress and recently executed multiple agreements with the state of Oklahoma, including for the purchase of 1,000 vehicles. We broke ground in Pryor Oklahoma, and announced our Advanced Manufacturing facility in Bentonville, Arkansas,” stated Tony Aquila, Investor, Chairman & CEO at Canoo. “We’d like to thank the Governors of Oklahoma, Arkansas and the Chief of the Cherokee Nation for sharing the same mission we have – which is to bring high-paying tech and light blue collar, EV advanced manufacturing jobs to the heartland.”

The $15-million Quick Action Closing Fund incentive is the largest award in at least the past three years. The fund is intended to allow the governor to lure new employers to the state with cash payments. Gov. Kevin Stitt has ramped up his use of the Quick Action Closing Fund since taking office and the Oklahoma Legislature appropriated $20 million to the program last year at his request.

Canoo is already hiring engineers and other positions for a Tulsa hub, but some of the jobs can be done remotely. The company has also begun clearing land for a factory at MidAmerica Industrial Park in Pryor that could eventually employ as many as 2,000 people