Stitt announces big tech investment in Oklahoma

OKLAHOMA CITY, Okla. (KSWO) – Governor Kevin Stitt unveiled a brand new firm that shall be organising store in Stillwater, and shall be america’ first fully-integrated uncommon earth manufacturing facility.

The corporate’s $100 million funding will pave the best way for the state to steer within the manufacturing of parts in a number of the world’s most leading edge know-how, together with good telephones, electrical autos, medical units, in addition to navy gear.

Governor Stitt stated this isn’t simply huge information for Oklahoma, however the U.S. as a complete, in an effort to curb international reliance on the identical know-how.

“It is a big win, not just for the state of Oklahoma, however I consider it’s big win for our nation as effectively,” Stitt stated. “I’ll inform you why. Now america can cease counting on China for these sources, and may begin relying on Oklahoma.”

Manufacturing on the new facility is meant to start someday in 2023 with the challenge creating over 100 new jobs however producing practically $7 million in wages as soon as totally operational.

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