Canoo

[Dob Hooligan]

Was just noticing this company that looks like they are bringing back the Scout International, but in an EV Truck and SUV. Scout Motors

I have a feeling these will do better that Canoo!

Attachment 19240

Parent Volkswagen is the second largest car maker in the World, if I read the WSJ story correctly,

[OkieBerto]

Parent Volkswagen is the second largest car maker in the World, if I read the WSJ story correctly,

I believe you are correct. In the Live they did yesterday the CEO welcomes two people from the VW Group.

https://www.youtube.com/live/3RIvPzJ...L75DhTw&t=3338

[MagzOK]

Already furloughing employees.

https://kfor.com/news/local/okc-cano...oliday-season/

[progressiveboy]

Just by reading about Canoo, it does not seem to have a bright future in OKC. I do not understand why Gov Stitt gave them all the incentives when he knew that this company was not very fiscally sound. Our governor seems to make stupid decisions and is going to hurt this State in the long run.

[Pete]

All the incentives are based on job-creation and we won't owe them anything unless they meet certain thresholds.

[bison34]

Just by reading about Canoo, it does not seem to have a bright future in OKC. I do not understand why Gov Stitt gave them all the incentives when he knew that this company was not very fiscally sound. Our governor seems to make stupid decisions and is going to hurt this State in the long run.

You only post the wins for Texas. They have promised tons to companies that haven't done anything in Texas. These happen in all 50 states. We just focus on the state more.

Like Pete said, these aren't guaranteed incentives. OK does a lot with jobs-based. Texas doesn't. They guarantee a lot. Hence why jobs #s in Texas, compared to what companies promise when they move there, are significantly lacking.

[progressiveboy]

You only post the wins for Texas. They have promised tons to companies that haven't done anything in Texas. These happen in all 50 states. We just focus on the state more.

Like Pete said, these aren't guaranteed incentives. OK does a lot with jobs-based. Texas doesn't. They guarantee a lot. Hence why jobs #s in Texas, compared to what companies promise when they move there, are significantly lacking.

I would love to post the wins for Oklahoma, however it has been crickets for way to long, lol. You have to be able to see that Oklahoma has not had a major corporate relocation in forever!

[bison34]

I would love to post the wins for Oklahoma, however it has been crickets for way to long, lol. You have to be able to see that Oklahoma has not had a major corporate relocation in forever!

You're right. But what can Oklahoma do in the short term? There isn't much they can do. Even being the most liberal state in America wouldn't help, because Abbott is even worse than Stitt. They just have too much money to guarantee to companies down there, regardless of jobs created.

[FighttheGoodFight]

Invest in training and education. We need people with skills here to draw jobs.

[Anonymous.]

Down almost 30% today. -60% for the last couple weeks.

Cooked.

[shavethewhales]

Canoo is toast. The wheels have truly come off now.

As for our next chances of landing a new major employer, we will have to be patient for the next cycle to start up. I work in development myself, and things have certainly slowed down a bit in the run-up to the election. We're just trying to sit pretty till the new year when things will be more certain - one way or the other. OK, especially NE OK, is still an attractive place for major manufacturing, but all the cards have to line up right. It's worth mentioning that the huge Enel solar plant that seemed like a sure thing has now been put on indefinite hold. Of course, Enel just got slammed with a huge fine in Osage county and told to take down their wind farm, so that might have soured them on Oklahoma...

[Rover]

I would love to post the wins for Oklahoma, however it has been crickets for way to long, lol. You have to be able to see that Oklahoma has not had a major corporate relocation in forever!

Count the Colleges and Universities in the Dallas/FW area and all the graduates they produce that are highly prepared to support relocated companies. Count the skilled workers in DFW.

Now count those in OKC.

National companies looking to locate other than low skilled jobs look at an area's ability to support with educated and skilled work force. They also look at where their execs and key personnel would like to move. OKC has a better image than before, but still does not enjoy the same status as DFW, Austin, Houston or SA.

Years ago I read a preface to a book on strategy that noted that no army in history that was outnumbered 2 to 1 ever won a war, and rarely won a battle. It takes special strategies to identify niche parts which can be attacked and won, and then grown. It takes a long term, patient, consistent strategy from leadership. My opinion is we don't have great leadership in OK and what we have doesn't have the skills, discipline, intelligence or patience to win. It isn't that we have an enhanced desire for culture wars here, it is that our focus on that prevents us from also focusing on the economic and social development it takes to win at a national, international, and maybe not even regional competition. We do not have commitment to educational development and will remain undereducated and underprepared to compete. We can offer all the immediate incentives we can and still not compete if we do not focus on the right industries and right companies, and to understand where we have chances and don't. We need to shoot for the moon before we shoot for the stars.