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Oklahoma Gov. Kevin Stitt signs lucrative business incentive proposal

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Oklahoma Gov. Kevin Stitt signs lucrative business incentive proposal


After shifting swiftly by means of the Oklahoma Legislature final week, “mega-legislation” meant to draw a multi-billion-dollar enterprise to the Sooner state was signed Monday by Gov. Kevin Stitt.

The proposal would require the corporate, regarded as Panasonic, to spend at the least $3.6 billion on its Oklahoma mission to be eligible for monetary incentives made potential by means of Home Invoice 4455.

Moreover, the corporate would wish to hit hiring benchmarks starting with at the least 500 full-time employees in its first yr in a lead as much as 4,000 full-time workers by years 4 and 5. 

Extra:$700M incentive plan to lure multibillion firm awaits approval from Gov. Kevin Stitt

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The governor and legislative leaders have known as the $698 million incentive bundle an enormous win and a possible sport changer for the state. 

“This may nicely be a very powerful financial improvement and diversification laws we’ve ever had the chance to advance,” stated Senate Appropriations Chair Roger Thompson, R-Okemah, after the invoice handed the Senate on a 41-5 vote Thursday. 

The Massive-scale Financial Exercise and Growth Act would qualify the corporate for an annual rebate of three.4% on certified capital expenditures for as much as 5 years. In complete, the rebates couldn’t exceed $698 million.

Extra:Oklahoma Metropolis companies, nonprofits eligible for brand new spherical of COVID-19 aid funding

Nonetheless, considerations got here from each chambers final week based mostly on the secrecy of the deal through which the governor and prime legislators agreed to a nondisclosure settlement, the push to go the invoice the identical week as its introduction and the hassle to fund out-of-state enterprise versus native companies. 

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Gov. Kevin Stitt held a news conference at in the Blue Room at the Capitol last Monday to discuss "Project Ocean," which passed the Legislature at the end of the same week.

Panasonic, which reached an settlement in October to supply batteries for electrical car startup Canoo, additionally could be eligible for incentives from current applications.

Canoo is anticipated to obtain $300 million in state incentives to open an electrical car plant on the MidAmerica Industrial Park in Pryor, the place Panasonic probably would find if it determined to decide on Oklahoma. 

Moreover, a subsidary of the LEAD-eligible firm additionally may obtain advantages beneath this system, if the smaller firm invests at the least $500 million as a part of its Oklahoma mission. 

Extra:What we all know concerning the deal between Swadley’s Bar-B-Q and the Oklahoma Tourism Division

Canoo Chairman and CEO Tony Aquila at Gov. Stitt's State of the State address to a joint session of the Legislature in February.

The LEAD Act incentive bundle shall be funded this yr with surplus unappropriated {dollars} from the state’s Basic Income Fund. Home Invoice 4455 created the fund for Mission Ocean, and lawmakers will introduce laws at a later date to switch the cash. 

If Oklahoma lands the deal, the state might be house to the second-largest manufacturing facility in North America, with the direct and oblique financial affect estimated to be $26 billion, in keeping with prime state lawmakers. 



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Oklahoma

Oklahoma House Republicans Outline Priorities for Legislative Session

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Oklahoma House Republicans Outline Priorities for Legislative Session


Oklahoma House Republicans are laying the groundwork for their legislative agenda for the next year, focusing on key issues including education, mental health, workforce development, and economic growth.

House Republican leaders met this week to finalize their top priorities ahead of the session, emphasizing the opportunity to make significant progress with Republican majorities in both the state and U.S. Congress.

Key initiatives include making schools phone-free and establishing a Level 1 trauma facility in Tulsa. House Republicans are also introducing a new oversight process for legislation. Under the new system, bills will be reviewed by both a standard committee and an “oversight committee” before advancing to the House floor.

“We want to get more work done earlier, make sure we don’t bring any bad legislation forward,” said House Republican Caucus Chair Stan May, (R-Broken Arrow). “I mean, it should be hard to pass a bill. It shouldn’t be, you know, a one-and-done thing.”

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Republican lawmakers are also aiming to pass additional tax cuts, though May noted they are still building consensus and waiting for a clearer picture of the state budget.

House leaders plan to meet with Gov. Kevin Stitt and Senate leaders to align their goals once the session begins. State lawmakers will convene for Organizational Day on Tuesday, with the full legislative session set to start on Feb. 3.





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Oklahoma City nun dies in car crash after suspected medical incident

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Oklahoma City nun dies in car crash after suspected medical incident


A religious sister who ministered in the Archdiocese of Oklahoma City died in a car accident Thursday afternoon after running off a rural highway northwest of the city, according to local news reports.

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Sister Veronica Higgins of the Carmelite Sisters of St. Thérèse of the Infant Jesus was killed after her vehicle left the road, struck a tree, and came to rest in a creek, authorities said.

The accident happened on Oklahoma Highway 3, about four miles south of Okarche, the hometown of Blessed Stanley Rother.

Higgins, 74, was “apparently ill,” and troopers wrote in the report that the cause of the collision was a medical incident, KOCO reported.

Archbishop Paul Coakley of Oklahoma City paid tribute to Higgins shortly after the accident, writing on social media: “I have just learned of the sudden and unexpected death of Sister Veronica Higgins, CST, earlier today, Jan. 2. Please pray for the repose of the soul of Sister Veronica, the Carmelite Sisters of St. Thérèse, and all who grieve her passing.”

“Eternal rest grant unto her, O Lord,” the bishop continued, adding that “funeral arrangements are pending and will be provided in the near future.”

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Higgins was the case manager at the Center of Family Love, a ministry to the intellectually disabled, in Okarche, according to the Okarche Warrior. She was also a past administrator and principal at the former Villa Teresa School in Oklahoma City.

According to The Oklahoman, she was a convert to the Catholic faith and celebrated the 40th anniversary of her vows as a religious sister in 2016.

On the website for her order, Higgins wrote that her favorite Bible verse is Micah 6:8, which reads: “The Lord asks of us only this: to act justly, love tenderly, and walk humbly with your God.”

An archdiocesan spokesman told CNA that the sisters are “still struggling with the loss” and that more information will be available next week.

The Carmelite Sisters of St. Thérèse of the Infant Jesus say on their website that the members of the order work to serve “the special needs of those who experience poverty, spiritual deprivation, moral disorders, and indifference.”

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Alabama basketball vs. Oklahoma in SEC opener: What to know, including a familiar face

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Alabama basketball vs. Oklahoma in SEC opener: What to know, including a familiar face


A familiar face will be in Coleman Coliseum as Alabama basketball tips off conference play this weekend.

The No. 6 Crimson Tide will host No. 10 Oklahoma for the SEC opener on Saturday with a start time of 5 p.m. CT.

Mohamed Wague will be back in the Plaid Palace to face his former Alabama (11-2) teammates for the first time since hitting the transfer portal in April.

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More Mo in the building for Alabama basketball SEC Opener

With Wague’s return, Alabama’s Mouhamed Dioubate won’t be the only “Mo” in the building.

The 6-foot-10 Wague notched eight starts in 33 games played last season at UA. Despite playing through a knee injury down the stretch, he put up 3.1 points, 2.5 rebounds and 0.6 assists per contest with three double-digit outings.

Now with the Sooners (13-0), Wague has yet to start, averaging 7.3 minutes off the bench. As the first-year SEC members stay undefeated, he’s registered averages of 2.7 points and 2.6 rebounds per game.

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Oklahoma basketball will be pesky at perimeter

Alabama will need shots to fall like they did against South Dakota State − and probably better − to outlast Oklahoma from deep. The Crimson Tide has been productive in the paint this year, but beating an OU team that’s limiting opponents to just 27.1% from the arc requires a presence from 3-point range.

UA shot 31.7% on threes through non-conference play while Oklahoma cleared 36.7%.

While OU has picked up statement wins over Arizona, Louisville and Michigan, and advanced into the top 10 of the coaches poll, it’s ranked 43rd in the NET compared to No. 9 Alabama. That’s because the Sooners have played seven games against teams currently in Quad 4.

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Crimson Tide can’t afford too many turnovers against Sooners

OU turns the ball over. Still not as much Alabama.

Entering Saturday, the Sooners are averaging 11.2 turnovers per game to 12.7 for Alabama. With Houston Mallette and Chris Youngblood back in the rotation, UA has gotten better about forcing them. However, if the two can’t get some steals against OU, Alabama could see itself fall victim to the Sooners, who are forcing over 14 turnovers per game on opponents, with an average 9.5 steals per contest.

Emilee Smarr covers Alabama basketball and Crimson Tide athletics for the Tuscaloosa News. She can be reached via email at esmarr@gannett.com.



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