“Why Oklahoma is the Next Big Investment Destination in the United States”

2023-05-05 00:00:22

When in 2020 Elon Musk was looking to leave the San Francisco Bay Area to set up a new Tesla factory, Oklahoma Governor Republican Kevin Stitt tried to persuade him to invest in his state, in Tulsa, instead. than in Texas. The state of Indian reservations and the rush of 1889, swept by winds and drought in the 1930s, place of oil wells and the traveling circus of Joe Exotic told by Netlfix: who would want to go and live in Oklahoma? “When I met Elon Musk, I knew his questions would be regarding labor. We prepared a job description, and I pulled out a box of 3,000 resumes in front of him.”says Kevin Stitt. “Elon gave us great publicity,” explains the governor, even if the contractor finally chose Austin in Texas.

“The biggest challenge for Oklahoma is getting people to put us on the map,” explains the Republican once more. This state, which aspires to become the new Texas, highlights its assets: “Electricity is three times cheaper there than in Europe, the cost of living is four times lower than in California, we are the pipeline capital of the worldKevin Stitt used to.

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In this first week of May, in Maryland south of Washington in a gigantic hotel on the banks of the Potomac, the governor of Oklahoma walks the halls to convince the more than 1,900 entrepreneurs from all over the planet to invest in his State on the occasion of the SelectUSA summit, organized by the Federal State. Since the vote in the summer of 2022 of the Chips Act (52 billion dollars or 47 billion euros) and the Inflation Reduction Act (369 billion dollars), which massively subsidize the semiconductor industry and the transition energy, it is the rush towards the United States.

“The best place in the world to invest”

“The United States is the best place in the world to invest and if you don’t believe me, look at the protests of our economic partners”, boldly launched John Podesta, the White House adviser. The Biden administration conceptualized through the voice of its adviser Jake Sullivan a new so-called « consensus de Washington », which replaces the liberal democratic and globalized post-Cold War order with a new American isolationism that refuses to speak its name. This is supposed to respond to the Chinese threat, the climate challenge, the supply disruptions observed during the covid and the war in Ukraine, and the revolt of blue-collar workers once morest globalization.

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