Oklahoma governor signs bill for massive corporate subsidy
April 27, 2022
OKLAHOMA CITY (AP) — Oklahoma Gov. Kevin Stitt has signed a bill to authorize up to $700 million in state subsidies to lure an unidentified major manufacturer to the state, his staff said Monday.
Stitt and lawmakers who crafted the Large-scale Economic Activity and Development, or LEAD, Act have not identified the company they are targeting, but the Japanese broadcast network NHK recently reported that the Panasonic Corp. is considering both Kansas and Texas as potential locations for an electric-vehicle battery factory.
The governor last week urged lawmakers to approve the incentive pack...