Oklahoma Gov. Kevin Stitt made his pitch this week to the state legislature to come up with a massive financial package to lure what is believed to be Panasonic to the state for construction of a $4 billion battery plant near Pryor.
In asking for the incentive, the governor declined to identify the company, explaining that he was prohibited by a non-disclosure agreement. But within hours of the governor’s request, a legislative committee recommended $700 million be used to attract the company reported Fox 25 News.
House Bill 4455 was passed by the Oklahoma House Joint Committee on Appropriations and Budget, a measure designed to attract big business investments to the state.
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