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Recent data and trends suggest that the automotive manufacturing industry as a whole is shifting towards the west from the southeast U.S. due to increasing wage pressures. Additionally, new changes regarding trade with Canada and Mexico will push automotive parts companies to reshore many operations.
New automotive operations, such as Tesla’s Austin Gigafactory, will also increase opportunities for Oklahoma to recruit automotive suppliers.
Utilize the Oklahoma Quick Action Closing Fund
Accelerate growth of the automotive industry and its supply chain development in the state.
Expedited Permitting
The Oklahoma Team works with state and federal agencies and local partners to expedite permitting requirements to shorten time to market for automotive companies starting operations in the state.
Maximize the Automotive Engineer Workforce Tax Credit
The Automotive Workforce Engineer Tax Credit is modelled after the Aerospace Engineer Tax Credits which has been instrumental in helping attract investments to Oklahoma by aerospace companies such as Boeing, ASCO Industries, Ferra Aerospace, Lufthansa Technik, Mitsubishi, Kratos Defense, Rolls Royce Engines, Northrop Grumman, Pratt & Whitney, American Airlines, and others.
Your Automotive Experts
Contact us today for a confidential, no-cost incentives analysis for your project. Call the Oklahoma Team at 800-588-5959.
