The Oklahoma Department of Commerce announced Thursday that auto retailer Carvana plans to build a $40 million inspection and reconditioning facility near the Will Rogers World Airport in Oklahoma City, which is expected to bring more than 350 jobs to the state.
“It’s a very exciting day in Oklahoma,” said Brent Kisling, executive director of the Oklahoma Department of Commerce.
The 190,000 square foot facility will be located at 5500 S. Rockwell, northwest of the airport. It will focus on receiving, rehabilitating, and shipping cars to Oklahoma and surrounding states.
Across the U.S., Carvana sold more than 100,000 units in the second quarter of 2021, according to an August letter to investors.
“There will be no sales out of this location,” said Kisling.” This is completely a logistics center where cars will be sent and then distributed to…multiple states around our area.”
The company, which specializes in buying and selling used cars, will receive state incentives through the Quality Jobs Incentive Program for up to 10 years, Kisling said.
Oklahoma will offer Carvana cash payments equal to 5% of new payrolls.
To be eligible for the program, the new annual wages at the facility must exceed $2.5 million.
Kisling said they do not know what the average salary will be of the 350+ jobs will be, “but we do know they are going to be very well-paying jobs,” he said.
It’s possible the state will pay Carvana millions through the incentive program over the 10-year period.
The new facility comes in addition to Carvana’s office and “car vending machine” on West Memorial Road in Oklahoma City.
Kisling said the new facility is an example of an auto industry expanding into Oklahoma.
“Whenever they sell outside the state, those dollars come into our economy for the first time,” he said. “That is an important component of this.”