View Full Version : Oklahoma City Economic Reports



Pages : 1 2 3 4 [5] 6

ChrisHayes
03-10-2020, 08:11 PM
Elon Musk just tweeted he is looking for a new location in the central US for a Giga Factory for the new Cyber Truck. I messaged Mayor Holt about it but damn that would be amazing if OKC landed that.

https://twitter.com/elonmusk/status/1237531699681980416?s=21

Getting a Tesla gigafactory would be amazing for Oklahoma City. It's already got me thinking about a good location for it. I know of good locations for smaller manufacturing facilities, but not something of that size.

mugofbeer
03-10-2020, 08:15 PM
Please, anywhere but Texas!

jdizzle
03-10-2020, 09:18 PM
We don't have enough people to fill one of those sort of factories.

mugofbeer
03-10-2020, 09:22 PM
We don't have enough people to fill one of those sort of factories.

I bet there would be enough with O&G laying off 1000s before long. Lots of folks working elsewhere would come. If the pay is decent, they will come.

Plutonic Panda
03-10-2020, 09:32 PM
Getting a Tesla gigafactory would be amazing for Oklahoma City. It's already got me thinking about a good location for it. I know of good locations for smaller manufacturing facilities, but not something of that size.
I’m wondering if there is enough room at Lariat Landing?

I’m sure there are sites along the new Kickapoo turnpike, perhaps somewhere like Goldsby, or in between El Reno and Yukon.

Just keep messaging Elon and posting to our leaders to land this thing. Oklahoma needs to start thinking big. No offense but logic like “we don’t have enough people” represents the typical defeatist mentality too many in Oklahoma share. I feel like the typical ‘can’t do’ thought process in Oklahoma is something that holds the state back.

I would be happy to even see this in Tulsa or perhaps along I-35 around Ardmore, Stillwater, or Durant. Build it and people will come for the jobs.

chuck5815
03-10-2020, 11:44 PM
I’m wondering if there is enough room at Lariat Landing?

I’m sure there are sites along the new Kickapoo turnpike, perhaps somewhere like Goldsby, or in between El Reno and Yukon.

Just keep messaging Elon and posting to our leaders to land this thing. Oklahoma needs to start thinking big. No offense but logic like “we don’t have enough people” represents the typical defeatist mentality too many in Oklahoma share. I feel like the typical ‘can’t do’ thought process in Oklahoma is something that holds the state back.

I would be happy to even see this in Tulsa or perhaps along I-35 around Ardmore, Stillwater, or Durant. Build it and people will come for the jobs.

Musk is a Charlatan, a Carnival Barker and builds **** cars, but I could get on board with OKC landing a few gimmicky green energy investments, here and there.

Plutonic Panda
03-10-2020, 11:46 PM
Musk is a Charlatan, a Carnival Barker and builds **** cars, but I could get on board with OKC landing a few gimmicky green energy investments, here and there.
I have my criticisms of Musk but those aside I would like to see OKC land this. It would definitely put OKC on the map for progressive tech companies.

ChrisHayes
03-11-2020, 09:09 AM
I’m wondering if there is enough room at Lariat Landing?

I’m sure there are sites along the new Kickapoo turnpike, perhaps somewhere like Goldsby, or in between El Reno and Yukon.

Just keep messaging Elon and posting to our leaders to land this thing. Oklahoma needs to start thinking big. No offense but logic like “we don’t have enough people” represents the typical defeatist mentality too many in Oklahoma share. I feel like the typical ‘can’t do’ thought process in Oklahoma is something that holds the state back.

I would be happy to even see this in Tulsa or perhaps along I-35 around Ardmore, Stillwater, or Durant. Build it and people will come for the jobs.

Same here. Anywhere in Oklahoma would be great. I'd love between El Reno and Yukon to work on filling the gap

Plutonic Panda
03-11-2020, 09:30 AM
Same here. Anywhere in Oklahoma would be great. I'd love between El Reno and Yukon to work on filling the gap
They just need to make sure they preserve ROW for future freeways so those areas don’t grow and the sprawl prevents any freeway from being constructed.

jdg78
03-11-2020, 11:05 AM
Musk is a Charlatan, a Carnival Barker and builds **** cars, but I could get on board with OKC landing a few gimmicky green energy investments, here and there.

I have several clients and friends who have a Tesla. I’ve ridden and been in the Model 3, model s and model x. Quite frankly these are the nicest well engineered vehicles I’ve ever been in or seen.

PaddyShack
03-11-2020, 12:05 PM
I would say El Reno should push them to snatch up the large Haliburton property between El Reno and Yukon, would be a huge get for Canadian County and I-40 has been widened with a new large bridge at Radio Rd built for large rigs. Lots of land and great access to WRWA via the new turnpike extension. Lots of people moving to Piedmont, Tuttle, and Yukon. El Reno is poised to grow large if they land a large employer.

chuck5815
03-11-2020, 12:22 PM
I have several clients and friends who have a Tesla. I’ve ridden and been in the Model 3, model s and model x. Quite frankly these are the nicest well engineered vehicles I’ve ever been in or seen.

Anecdotes are anecdotal, my friend . . .

https://www.consumerreports.org/car-reliability-owner-satisfaction/tesla-model-3-loses-cr-recommendation-over-reliability-issues/

https://insideevs.com/news/373339/new-evidence-tesla-model-3-rust/

cappa
03-11-2020, 02:48 PM
Tesla's current US Gigafactories are in Buffalo and 30 minutes outside of Reno - I don't think the population of OKC would be the kicker.

cappa
03-11-2020, 03:17 PM
Reno location footprint currently around 215 acres. Buffalo about 55 acres.

For reference, the Amazon facility in OKC is about 60 acres.

jdg78
03-11-2020, 04:54 PM
Anecdotes are anecdotal, my friend . . .

https://www.consumerreports.org/car-reliability-owner-satisfaction/tesla-model-3-loses-cr-recommendation-over-reliability-issues/

https://insideevs.com/news/373339/new-evidence-tesla-model-3-rust/

Consumer reports is not the only source, but in case you forgot they updated the review.

https://www.theverge.com/2019/2/21/18234740/consumer-reports-tesla-model-3-recommend-remove

Believe what you want to believe but Tesla is in my opinion the best having owned and been in many
luxury cars. I am sure your F150 is super cool.

jdg78
03-11-2020, 04:56 PM
Wrong link. Sorry

https://cleantechnica.com/2019/11/14/tesla-regains-consumer-reports-recommendation/

chuck5815
03-11-2020, 04:58 PM
Consumer reports is not the only source, but in case you forgot they updated the review.

https://www.theverge.com/2019/2/21/18234740/consumer-reports-tesla-model-3-recommend-remove

Believe what you want to believe but Tesla is in my opinion the best having owned and been in many
luxury cars. I am sure your F150 is super cool.

I only buy Japanese luxury cars. Sorry to hear you have such bad taste.

jdg78
03-11-2020, 05:09 PM
I only buy Japanese luxury cars. Sorry to hear you have such bad taste.

https://www.fool.com/investing/2020/02/21/consumer-reports-names-teslas-model-3-a-top-pick.aspx

Bunty
03-11-2020, 08:28 PM
Roughly 7,000 people currently work at Reno Gigafactory with the workforce seen as growing to upward of 20,000 in the future. San Antonio had been strong competition for the gigafactory. But would a new Cybertruck Gigafactory employ similar numbers?

Not helping San Antonio is a Texas state law that prohibits automakers from selling their vehicles directly to consumers. Manufacturers must sell through franchised auto dealers. Tesla sells directly to consumers under its business model. Musk failed to persuade Texas lawmakers to change the law. If Oklahoma has a similar law, then maybe it should be abolished.

G.Walker
03-12-2020, 07:44 AM
In the article, Musk stated the plant will be located in the central part of the US. So Oklahoma might be considered.

Plutonic Panda
03-12-2020, 08:18 AM
Stitt went on twitter and said he will be vying for this project.

Motley
03-12-2020, 09:12 AM
Doesn't Oklahoma have laws that are unfriendly to Tesla's method of sales? Would we change them for the factory?

Plutonic Panda
03-12-2020, 09:15 AM
^^^^ good point. Oklahoma needs to allow direct sales and icing on the cake would be allowing car sales on Sunday’s.

Motley
03-12-2020, 09:19 AM
I can see a person like Elon Musk liking the idea of placing his Gigafactory in fossil fuel country. Would the legislature be forward enough to provide incentives for such a plant? Not very friendly to the oil industry.

Bunty
03-12-2020, 10:42 AM
^^^^ good point. Oklahoma needs to allow direct sales and icing on the cake would be allowing car sales on Sunday’s.

I may be wrong, but I don't see car dealers pestering legislators to let them open on Sunday.

BG918
03-12-2020, 12:16 PM
In the article, Musk stated the plant will be located in the central part of the US. So Oklahoma might be considered.

PSO still owns 750 acres at the proposed site of the Black Fox nuclear power plant in Inola. Sits next to the Verdigris River with navigation channel access and 4 miles south of Hwy 412, and about 20 miles southwest of Google's data center in Pryor.

Teo9969
03-12-2020, 03:55 PM
I can see a person like Elon Musk liking the idea of placing his Gigafactory in fossil fuel country. Would the legislature be forward enough to provide incentives for such a plant? Not very friendly to the oil industry.

If there's ever been a time to unhitch our wagon to O&G, this is that time. Stitt being a banker should be able to see this and use every ounce of power he has to reform the state's republican party toward a less energy driven coalition.

mugofbeer
03-12-2020, 09:40 PM
For those oil folks who have money left, Oklahomas most successful bank grew out of the last oil bust. Thats the kind of diversification thats needed.

Mr. Blue Sky
03-13-2020, 12:00 AM
Which bank Mug?

mugofbeer
03-13-2020, 01:12 PM
Bank of Oklahoma. George Kaiser took over Kaiser - Francis Energy and has built it into a successful energy company. In 1990, he bought BOK from the FDIC and built it from20 branches all in OK to $23 billion in assets operating in 9 states.

Mr. Blue Sky
03-13-2020, 02:08 PM
Bank of Oklahoma. George Kaiser took over Kaiser - Francis Energy and has built it into a successful energy company. In 1990, he bought BOK from the FDIC and built it from20 branches all in OK to $23 billion in assets operating in 9 states.

Thank you! I had several in mind, but reading that, it now seems like it should have been obvious to me. Thanks again

Plutonic Panda
05-09-2020, 04:21 PM
Elon tweeted that he has had it with California’s absurd polices and anti business climate and is moving to more forward thinking states like Nevada and Texas for its HQ.

Gov. Stitt tweeted that Oklahoma should be eyed. Man that would be amazing get for the state if Elon came to OKC or Tulsa. I hope it happens. Even if we just got the Gigatruck factory but add in Tesla HQ. One can dream.

https://twitter.com/elonmusk/status/1259162367285317633?s=21

jonny d
05-09-2020, 04:47 PM
Elon tweeted that he has had it with California’s absurd polices and anti business climate and is moving to more forward thinking states like Nevada and Texas for its HQ.

Gov. Stitt tweeted that Oklahoma should be eyed. Man that would be amazing get for the state if Elon came to OKC or Tulsa. I hope it happens. Even if we just got the Gigatruck factory but add in Tesla HQ. One can dream.

https://twitter.com/elonmusk/status/1259162367285317633?s=21

Pie in the sky. Oklahoma can't afford Tesla. Maybe a factory, but that is putting the cart before the horse. They would move their HQ before deciding on a factory site. OK is cutting their budget left and right (aside from legislative pay raises) so incentive programs may be ripped to shreds :/ only way a company like them would come here.

OKC Guy
05-09-2020, 05:08 PM
Would be a huge game changer. Tesla is the biggest manufacturer in California & second biggest exporter

OKC Guy
05-09-2020, 05:10 PM
Pie in the sky. Oklahoma can't afford Tesla. Maybe a factory, but that is putting the cart before the horse. They would move their HQ before deciding on a factory site. OK is cutting their budget left and right (aside from legislative pay raises) so incentive programs may be ripped to shreds :/ only way a company like them would come here.

Rumor is their new giga truck factory is going to Texas. Maybe we can siphon some associated parts production here.

jonny d
05-09-2020, 05:24 PM
Rumor is their new giga truck factory is going to Texas. Maybe we can siphon some associated parts production here.

Oklahoma has neither the money nor the educated, competent workforce to be able to get any of these HQs to locate here, or a major factory. Kinda stinks that this state can't get out of its own way, while Texas keeps growing like a weed. Maybe they can buy Oklahoma. At least then maybe teachers would get a livable wage.

But yes, any benefit Oklahoma could get would be welcome.

Mr. Blue Sky
05-09-2020, 07:41 PM
Rumor is their new giga truck factory is going to Texas. Maybe we can siphon some associated parts production here.

Remember though, with Elon you have to work your way through dozens of rumors before he decides on something. And then, the decision will change twice the day before the decision is final.

ctchandler
05-09-2020, 09:01 PM
Johhny D,
Hertz has operated their business from Oklahoma City since 1971. Only sales and marketing and a small IT group remained in New York/New Jersey (which recently moved to Florida). There are others but to say "educated or competent" is not correct.
C. T.

josh
05-10-2020, 01:00 AM
Elon is manic who needs to give tweeting a rest. He’s not moving the Tesla HQ out of California.

mugofbeer
05-10-2020, 10:38 AM
Oklahoma has neither the money nor the educated, competent workforce to be able to get any of these HQs to locate here, or a major factory. Kinda stinks that this state can't get out of its own way, while Texas keeps growing like a weed. Maybe they can buy Oklahoma. At least then maybe teachers would get a livable wage.

But yes, any benefit Oklahoma could get would be welcome.

Yeah, all those toothless, knee-slappin' doctors, geologists, chemists and engineers that fill the oil & gas, aerospace and medical industries aren't educated or competent.

Oklahoma is just unfortunate to sit next to the business vaccuum cleaner of Texas.

jonny d
05-10-2020, 10:40 AM
Yeah, all those toothless, knee-slappin' doctors, geologists, chemists and engineers that fill the oil & gas, aerospace and medical industries aren't educated or competent.

Oklahoma is just unfortunate to sit next to the business vaccuum cleaner of Texas.

Hey, our education rankings say otherwise. I know so many great teachers who are fed up with education being the first thing legislature cuts, and have moved on to greener pastures.

If you don't think that matters in terms of corporate relocations, I don't know what to tell you.

mugofbeer
05-10-2020, 10:48 AM
Hey, our education rankings say otherwise. I know so many great teachers who are fed up with education being the first thing legislature cuts, and have moved on to greener pastures.

If you don't think that matters in terms of corporate relocations, I don't know what to tell you.

You make a good point but I think the tens to hundreds of millions in economic incentives Texas will offer Tesla will mean a lot more. If Reno, NV has enough to staff the gigafactory, Oklahoma has plenty of educated and competent people for one or an assembly plant. But even to Elon Musk, money talks.

gopokes88
05-10-2020, 11:59 AM
He threatened to move the HQ. which is basically the C-Suite moving to Austin where they already have operations.

It’s a threat to California to let him open back up.

gopokes88
05-10-2020, 11:59 AM
https://www.wsj.com/articles/trump-and-chip-makers-including-intel-seek-semiconductor-self-sufficiency-11589103002?mod=mhp

Now that’s something the state can go after.

OKC Guy
05-10-2020, 12:21 PM
What we need is a dedicated task force to acquire businesses moving out of China as we decouple some of our critical manufacturing. For instance a majority of meds come from China and we need to make a play for them. My guess is the Feds will assist in this but we need a task force solely dedicated to this to get an early head start.

Bunty
05-10-2020, 12:37 PM
Would be a huge game changer. Tesla is the biggest manufacturer in California & second biggest exporter

GM didn't want to stay in Oklahoma even though it passed Right to Work, proving overwhelmingly well that Right to Work doesn't work. I don't know if Tesla would want to come even if Oklahoma abolished income tax. Doing that is also pie in the sky.

The state not taking support of education seriously enough also doesn't help matters. We're better off trying to grow industry and business ideas from within and send entrepreneurs of them to the sharks on CNBC. But coming up with outstanding business ideas for this modern day, advanced world requires good education.

Bunty
05-10-2020, 12:48 PM
What we need is a dedicated task force to acquire businesses moving out of China as we decouple some of our critical manufacturing. For instance a majority of meds come from China and we need to make a play for them. My guess is the Feds will assist in this but we need a task force solely dedicated to this to get an early head start.

Unless there is a heck of a lot more corporate welfare granted, I don't see that happening as it will be cheaper moving someplace else, such as Vietnam or Latin America. In Mexico, the minimum wage is still under $1 an hour.

king183
05-10-2020, 12:57 PM
Jonny D is unfortunately correct. We have a severe shortage of educated and trained labor due to our education system and how our particular culture values education. Companies looking at Oklahoma consistently cite our poorly educated workforce as a reason for not moving here. Ask anyone at the Dept. of Commerce or the Chamber; they’ve lost a lot of deals because of it.

Similar to what OKC did with MAPS and infrastructure we need to demonstrate a massive commitment to valuing education and training our workforce before we are able to attract the types of companies we are referring to in this thread. The moment we do that, companies will start taking us seriously. But better yet, perhaps we’ll start seeing a larger number of homegrown businesses that grow to be Fortune 500.

So we can either continue down our current path of not valuing education and workforce training and be happy with Texas’s scraps or we can actually start competing with them.

Bunty
05-10-2020, 12:58 PM
https://www.wsj.com/articles/trump-and-chip-makers-including-intel-seek-semiconductor-self-sufficiency-11589103002?mod=mhp

Now that’s something the state can go after.

Only manufacturing that requires few workers will look possibly attractive. Maybe chip making is it.

gopokes88
05-10-2020, 01:07 PM
Only manufacturing that requires few workers will look possibly attractive. Maybe chip making is it.

Lol. An Intel Fab employs 2,000 and needs to be overhauled every 5-7 years and it takes 2 billion in capex.

It would be a boom for Oklahoma if they can land an Intel fab.

Bunty
05-10-2020, 01:14 PM
Lol. An Intel Fab employs 2,000 and needs to be overhauled every 5-7 years and it takes 2 billion in capex.

It would be a boom for Oklahoma if they can land an Intel fab.

Who knows how many thousands more people Intel employed in the past that it doesn't need now? 2000 workers could in the future end up as 1000.

Oklahoma has Right to Work. Oklahoma minimum wage is $7.25, quite unlike in Colorado where its $12. What is it always lacking though? Educated workers and high quality of life. Cheap does as cheap is.

Jersey Boss
05-10-2020, 02:02 PM
Unless there is a heck of a lot more corporate welfare granted, I don't see that happening as it will be cheaper moving someplace else, such as Vietnam or Latin America. In Mexico, the minimum wage is still under $1 an hour.

Or Japan or Europe where the workforce is provided healthcare with no involvement of the corporation.

mugofbeer
05-10-2020, 05:43 PM
GM didn't want to stay in Oklahoma even though it passed Right to Work, proving overwhelmingly well that Right to Work doesn't work. I don't know if Tesla would want to come even if Oklahoma abolished income tax. Doing that is also pie in the sky.

The state not taking support of education seriously enough also doesn't help matters. We're better off trying to grow industry and business ideas from within and send entrepreneurs of them to the sharks on CNBC. But coming up with outstanding business ideas for this modern day, advanced world requires good education.

In all fairness, GM left OKC because of 1. Economic conditions and 2. Oklahoma had provided a significant economic package that the state had to renig on after the plant was built and operational due to a lawsuit involving tax abatement and ad valorem tax imposition for re-equiping the plant.

I'm not sure this would affect Tesla anymore but the financial incentives Texas could offer would be unreachable by OK.

Plutonic Panda
05-10-2020, 05:51 PM
An Assemblywoman out of San Diego area took to Twitter and posted “F@ck Elon.”

Unreal.

mugofbeer
05-10-2020, 05:57 PM
An Assemblywoman out of San Diego area took to Twitter and posted “F@ck Elon.”

Unreal.

Hey, let CA drive him out. Hundreds of companies are leaving due to their tax requirements.

dcsooner
05-10-2020, 06:21 PM
Jonny D is unfortunately correct. We have a severe shortage of educated and trained labor due to our education system and how our particular culture values education. Companies looking at Oklahoma consistently cite our poorly educated workforce as a reason for not moving here. Ask anyone at the Dept. of Commerce or the Chamber; they’ve lost a lot of deals because of it.

Similar to what OKC did with MAPS and infrastructure we need to demonstrate a massive commitment to valuing education and training our workforce before we are able to attract the types of companies we are referring to in this thread. The moment we do that, companies will start taking us seriously. But better yet, perhaps we’ll start seeing a larger number of homegrown businesses that grow to be Fortune 500.

So we can either continue down our current path of not valuing education and workforce training and be happy with Texas’s scraps or we can actually start competing with them.

+!00

Ronnie Jackson
05-10-2020, 07:01 PM
I’m not really in Tesla’s target market (I like my to feel the power band, hear shift changes, etc.), but I wouldn’t hate to see us land a few green energy jobs here and there if the deal structures are right.

HOT ROD
05-11-2020, 01:59 AM
Oklahoma may not have a shot or realistic chance, but that doesn't mean Oklahoma shouldn't try so you can be on the radar for that which does return.

And I disagree with the opinion that jobs would just move from China to lower wage foreign centers (Vietnam, PI, etc). Sure, some will and many already have. But, the coronavirus has really opened everyone's eyes beyond the tariffs and trade war - that it's not sustainable just being the world's #1 consumer - It does make sense to have production here for a variety of reasons, such as brand loyalty, removal of barriers, and to ensure product/patent protection. These three have killed nearly every multinational business not named Microsoft, and even here - we don't have any significant benefit anymore other than realizing the sunk costs in building plants in China then figuring out if it still makes sense to be in that business itself. Labor cost is no longer the # cost driver and this will continue to be proven.

The CCP really showed who they are - a bunch of thugs, criminals the world can do without. No reason companies shouldn't diversify the supply chain with significant return home. It won't be like before, since most of these plants returning will be heavily automated. But it's still more than what we have and it's already happening, and likely will expedite very significantly after Trump (and the world) levels charges against the CCP.

There was a snicker about the Costco expansion in OKC. I don't think people really appreciate back office ops - This is significant and likely might could have gone overseas if we didn't have the eye awakening or just stayed in WA where Costco is hq.

Get what you can OKC, show up to the table and put your best foot forward!

[but I do agree the state needs to quit f-ing with Education and allow cities some of the property tax revenue - would really go a long way to assisting OKC with relocation]

Plutonic Panda
05-11-2020, 02:48 AM
^^^ great post and points! Even if there is a 1% chance we get this we should try. The defeatist mentality is ridiculous.

Bunty
05-11-2020, 01:27 PM
Jonny D is unfortunately correct. We have a severe shortage of educated and trained labor due to our education system and how our particular culture values education. Companies looking at Oklahoma consistently cite our poorly educated workforce as a reason for not moving here. Ask anyone at the Dept. of Commerce or the Chamber; they’ve lost a lot of deals because of it.

Similar to what OKC did with MAPS and infrastructure we need to demonstrate a massive commitment to valuing education and training our workforce before we are able to attract the types of companies we are referring to in this thread. The moment we do that, companies will start taking us seriously. But better yet, perhaps we’ll start seeing a larger number of homegrown businesses that grow to be Fortune 500.

So we can either continue down our current path of not valuing education and workforce training and be happy with Texas’s scraps or we can actually start competing with them.

The defeat of the 1 cent rise in states sales tax was a reflection of how state culture values education. Later, I thought it looked strange how legislators had to resort to putting 3 cents a gallon on gasoline to better fund education. I think if you buy gas all the taxes on it should go to maintain and improve the highway system. On second thought, if gas prices are projected to stay under $2 a gallon, maybe tax on it should be raised another 3 cents for education.

Right, as I mentioned, more emphasis should be put on starting home grown businesses. Oklahoma isn't very attractive for large companies to come to, due to no airports having non-stop international destinations. Texas does that well. The situation can be more than just lack of devotion to education. Doesn't Kansas support education better than Oklahoma? Yet, that state is barely growing in population.