Canoo receives $113 million in incentives to open vehicle manufacturing plants in Oklahoma

Aug. 14, 2023
As part of the agreement, Canoo will receive payments from the Quality Jobs program and the Quick Action Closing Fund, as well as training support.

Canoo Inc. has announced plans to open a vehicle manufacturing plant in Oklahoma City, Oklahoma. The mobility company will lease the facility from an affiliate of AFV Partners, occupying 500,000 square feet of the complex with the opportunity for expansion. The project is expected to generate 500 new jobs for the surrounding area. According to Canoo, the plant will feature a full general and final vehicle assembly line, robotics, a body shop, paint shop, automated paint line, and more. The company has been working closely with the state of Oklahoma and the Cherokee Nation to finalize a workforce and economic development incentives agreement. For its new plants in Oklahoma City and Pryor, Canoo will receive $113 million in incentives over 10 years. As part of the agreement, Canoo will receive payments from the Quality Jobs program and the Quick Action Closing Fund, as well as training support. The Cherokee Nation will also help Canoo identify skilled workers within their reservation to work at the company’s facility.

In a recent quote, Tony Aquila, Chairman and CEO at Canoo. Said, “One of the reasons we picked Oklahoma is because it has one of the most amazing workforces in America. They have proven themselves across many industries, including aviation and aero defense, which is why we are excited to announce our second manufacturing facility in Oklahoma City, following our Vehicle Module Manufacturing Facility event on April 5, in Pryor, OK. I want to thank Mayor Holt and the people of Oklahoma City for welcoming us. I also want to thank Secretary of Commerce Mariska and his team for all their help, as well as Terex leadership for allowing us to get started with our teams prior to the close.” 

Investing in American Manufacturing - 2023

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

Sponsored Recommendations

Enclosure Climate Control: Achieving the Ideal Temperature

March 28, 2024
There are several factors to consider when optimizing the climate inside your electrical enclosure. Download this white paper to learn more.

Find the ideal enclosure cooling solution for your application

March 28, 2024
Use the Climate Control Quickfinder tool to find the ideal climate control solution for your application in just three easy steps.

Smart Cooling Solutions: Reduce Your Energy Consumption with Advanced Technology from Rittal

March 28, 2024
Wall extension cooling units for external or internal mounting in doors and walls using standardized mounting cut-outs. Cooling output 0.3 – 5.8 kW. Also available in energy-efficient...

Arc Flash Prevention: What You Need to Know

March 28, 2024
Download to learn: how an arc flash forms and common causes, safety recommendations to help prevent arc flash exposure (including the use of lockout tagout and energy isolating...