“People don’t realize what an investment like this, and a name like Panasonic … means.” Forms of this statement have come from scores of government, development and business officials since the announcement that Panasonic Corp. plans to build a $4 billion battery plant in De Soto. But the above quote means even more because it comes from someone who has seen firsthand what such a project can do for — and to — a region. Mike Kazmierski, CEO of the Economic Development Authority of Western Nevada, has watched the buildup of Tesla Gigafactory Nevada. Tesla and Panasonic share the plant for battery manufacturing. The plant will bring big changes for the region — great opportunities and tough challenges, Kazmierski said. A key to maximizing the former and handling the latter is quick, collaborative efforts. “Time is not your friend on this,” he said. “Time goes faster than you can imagine.”
Source: Kansas City Business Journal

The De Soto City Council unanimously approved two tax increment financing project plans totaling 605 acres in the former Sunflower Army Ammunition Plant, clearing a path to provide local incentives to Panasonic Energy Co. Ltd. The first, 309-acre plan area will house a $4 billion, 4,000-job electric-vehicle battery plant, which the Japanese electronics conglomerate this month announced it would build in Kansas, after months of state competition with Oklahoma. The second, 296-acre plan area sits just south and could support a potential $4 billion second phase, should Panasonic opt to expand. Both areas are southeast of 103rd Street and Dual Drive, within a larger 5,877-acre TIF district De Soto approved in January so the future property tax increment could be redirected toward new site infrastructure.
Source: Kansas City Business Journal – The Business Journals