Oklahoma communities to receive funding for new economic development
The Oklahoma Department of Commerce says 28 communities in the state are receiving funding for new economic development. Tulsa is one of 28 cities and communities sharing $1 million to bring industrial growth to the region.
The money comes from the United States Economic Development Administration and will be used to assess and develop industrial sites that will bring businesses, jobs and growth to these communities.
Jennifer Springer of the Oklahoma Department of Commerce says the initiative will make Oklahoma more competitive with surrounding states when it comes to companies choosing where to start new projects.
“We have a huge advantage right now because there are a lot of dollars that can be allocated to do upgrades,” Springer said. “We want to make sure we capitalize on that and understand exactly what kinds of improvements are needed in order to bring the right kinds of businesses to Oklahoma.”
Other cities receiving funding include:
• Broken Arrow
• Pointed arch*
• Fort Gibson
• Still water
“The hope now is that these 28 communities will help grow these sites and understand what they need and we can partner with the communities to work on making these upgrades and then be able to recruit businesses,” said said Springer.
The money has been allocated and communities can begin the process of scouting areas where they want to use it.