Kansas Commerce + Panasonic

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.

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.