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Kansas Department of Commerce Project Announcement

Governor Laura Kelly announced that Panasonic Energy plans to build one of the largest electric vehicle (EV) battery manufacturing facilities of its kind in the United States in Kansas. The planned project is expected to create up to 4,000 new jobs and result in an investment of up to $4 billion, which represents the largest economic development project in Kansas history.

The Project

Panasonic Energy Co. Ltd., plans to build one of the largest electric vehicle battery facilities of its kind in the U.S. at a site in De Soto, Kansas.*

The proposed facility represents a:

$4 billion approximate capital investment.
4,000 planned new jobs.
4,000 additional jobs could be created by suppliers and community businesses.**
16,500 construction jobs.**

*Pending approval by the Panasonic Holding Corporation Board of Directors.

**As cited in an independent economic impact study conducted by Director Jeremy Hill, Wichita State University Center of Economic Development and Business Research.

Economic Impact

This is the largest economic development project in the 161-year history of the State of Kansas.
$2.5 billion in annual estimated economic activity generated by the Panasonic project.
Including the additional 4,000 jobs, the total annual increased labor income will be over $505 million.**
Each $1 of Kansas APEX incentives will generate $26.06 of private investment.

*Pending approval by the Panasonic Holding Corporation Board of Directors.

**As cited in an independent economic impact study conducted by Director Jeremy Hill, Wichita State University Center of Economic Development and Business Research.

APEX Incentives

All state incentives to Panasonic are provided on a reimbursement basis AFTER the company has made investments and hired workers.
Total state APEX investment is estimated at $829.2 million.
The breakdown of incentives, which are paid only after performance metrics are met:
- Investment Tax Credit – $500 million (12.5%) over 5 years
- Payroll Rebate – $234 million (10%) over 10 years
- Training and Education – $5 million per year over 5 years
- Relocation Investment – $1 million per year over 10 years
- Sales Tax Exemption – $60.2 million over 5 years
- Total incentives – $829.2 million

*Pending approval by the Panasonic Holding Corporation Board of Directors.

**As cited in an independent economic impact study conducted by Director Jeremy Hill, Wichita State University Center of Economic Development and Business Research.

Building an EV battery supply chain for a more sustainable future video

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