Quality retail is an important factor in the quality of life of a community, and sales tax dollars are the single most important source of operating revenue for Oklahoma City.
For those reasons, it’s important that we continue to attract and maintain a healthy mix of national retailers and local shops to our community. Attracting quality retail to our city keeps our sales tax dollars at home, which provides revenue for public safety, public services and infrastructure needs.
It’s also important that needed retail and services be located in all areas of the city. There are certain areas of the city that are lacking in various types of retail and services, which means residents must drive some distance to access the goods and services they need.
The Greater Oklahoma City Chamber does an excellent job of attracting retail to Oklahoma City by providing potential retailers with data, identifying available sites and spaces for retail development, building relationships with national retailers and developers, facilitating the regulatory process for developers, identifying sources of public funding and identifying retail supply leakages in various geographic areas.
Read the full article here in the May 11th edition of The Journal Record.