The Alliance for Economic Development of Oklahoma City helps coordinate land, incentives and resources to make Oklahoma City even more attractive to companies and developers. This includes the coordination, management, planning and/or implementation of:
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The city’s general obligation limited tax bond program
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Tax increment financing (TIF) districts
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The city’s retail strategy and incentives
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City and urban renewal redevelopment programs
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Identification and development of job creation sites
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Public-private redevelopment opportunities
There are several impactful economic resources and tools available to Oklahoma City businesses and those looking to relocate or expand here. Read about how to utilize these economic resources below, or contact the Alliance to learn more.
Resources
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TIF districts are an economic tool used to spur development in blighted or underserved areas by reinvesting a portion of property taxes generated within the district into local infrastructure and projects, encouraging private investment. Check out this TIF 101 video.
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TIF Funds Can Be Allocated For:
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Public improvements (parking, infrastructure, landscaping) on public land or easements
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Assistance in development financing for eligible developer project costs, subject to meeting required conditions
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For details on existing TIF Districts visit the city's website or contact Joanna McSpadden, the City’s Economic Development Program Manager, at joanna.mcspadden@okc.gov or the Alliance for Economic Development at info@theallianceokc.org.
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Oklahoma City’s FTZ 106 offers a competitive advantage for companies that import components, manufacture/assemble products and then distribute them—helping reduce costs and streamline operations.
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Monse Lozano, Project Assistant at The Alliance, can help your company apply for FTZ status to begin reducing costs associated with duties, tariffs, taxes and processing fees.
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The Commercial Property Assessed Clean Energy (C-PACE) program, administered by the OIA, helps commercial property owners secure low-cost, long-term financing for projects focused on energy efficiency, renewable energy, water conservation, and resiliency.
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C-PACE connects private lenders with property owners to fund upgrades like solar, wind, geothermal systems, and water-saving measures. Loans are repaid through property assessments, similar to special district taxes. A $250 nonrefundable application fee is required and applied to a closing fee of 1.25% of financed costs (minimum $2,500, maximum $50,000).
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For more information reach out to Keith Kuhlman, Director of Economic Development
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This job-creation incentive program helps recruit employers and bring high-quality, high-paying jobs to Oklahoma City. Funds are allocated on a pay-for-performance basis and are only released when companies prove they have fulfilled the requirements. Apply via Greater Oklahoma City Chamber of Commerce.
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Qualifications:
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Companies must be located in Oklahoma City
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Incentive analysis for projects based on wage and minimum job threshold
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Companies must hire a minimum of 50 full-time employees, produce an annual payroll of $1.75 million and meet specific average wage requirements.
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Incentives are available for destination retailers with $20M+ in annual sales, large regional projects, underserved areas, and redevelopment areas.
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For more information visit here or contact Tammy Fate, Director of Retail Development and Recruitment with the OKC Chamber, at tfate@okcchamber.com.
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Created by the 2017 Tax Cuts and Jobs Act, Opportunity Zones help investors realize significant federal tax benefits through investing capital gains in Qualified Opportunity Funds. Investments held for 10+ years can eliminate taxes on new capital gains.
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Oklahoma City Urban Renewal Authority (OCURA) is the city's primary public redevelopment agency, empowered by state law with financial tools and legal authority under the Oklahoma Urban Redevelopment Law and the Oklahoma Local Development Act. Governed by a mayor-appointed, council-confirmed board, OCURA’s mission is to act as a catalyst for public and private redevelopment that removes blight, revitalizes neighborhoods, stimulates economic growth, and enhances the well-being of Oklahoma City residents.
Oklahoma Industries Authority (OIA)- OIA promotes and supports the growth of industry and commerce in Oklahoma County by providing facilities, creating employment opportunities, and driving activities that strengthen the economy and workforce of Central Oklahoma.
Oklahoma City Industries and Cultural Facilities Trust (I&C Trust) - The trust oversees the operation and promotion of industrial and cultural facilities in Oklahoma City, including the National Cowboy & Western Heritage Museum. Its five trustees are appointed by the Mayor, with City Council approval, to serve six-year terms.
Port Authority of Greater Oklahoma City - Foreign-Trade Zone (FTZ) #106 - The OKC Port Authority operates FTZ #106 under a grant of authority from the U.S. Foreign-Trade Zones Board to promote economic development across the Greater Oklahoma City area. Serving a 22-county region, FTZ #106 helps companies reduce or eliminate duties, tariffs, and customs fees; improve cash flow; streamline logistics; and enhance global competitiveness, making the region more attractive for manufacturing, distribution, and international trade.
Oklahoma City Redevelopment Authority (OCRA) - OCRA is a public trust created by the City to manage TIF districts, oversee redevelopment projects, and support economic development. Governed by a seven-member board appointed by the Mayor with City Council approval, OCRA promotes the growth and revitalization of industrial, commercial, retail, and public spaces to strengthen the city’s economic prosperity.
Oklahoma City Redevelopment Corporation (OCRC) - OCRC is a 501(c)(3) nonprofit redevelopment corporation, created for the purpose of aiding and providing financial assistance to the Oklahoma City Urban Renewal Authority in connection with its proposed and approved redevelopment activities.
The Greater Oklahoma City Chamber focuses on economic development, government relations, workforce initiatives, and tourism to attract investment, support pro-business policies, and grow Oklahoma City's economy.
Oklahoma City, the capital and largest city of Oklahoma, operates under a council-manager government and serves as the state’s cultural, economic, and governmental hub, offering diverse amenities, deep historic roots, and a growing metropolitan population.
Downtown Oklahoma City Partnership (DOKC) is a not-for-profit organization created in 2000 to manage and market the Business Improvement District. We serve as advocates, coordinators, facilitators and communicators for downtown revitalization.
Partners
The Alliance leadership works closely to coordinate companies’ and developers' plans with the City of Oklahoma and the Oklahoma City Chamber of Commerce. Together, we bring significant resources and streamline approvals and paperwork.
In addition to managing several economic entities, the Alliance collaborates with public and private entities to launch or invigorate development projects. Our partnerships include: