• Cathy O’Connor

Recognizing economic development's impact

Economic Development Week is this week, May 4-9. First recognized by the International Economic Development Council in 2016, the goal of Economic Development Week is to increase awareness for local programs that create jobs, advance career development opportunities and increase the quality of life in communities.

The Alliance was formed in 2011 to better coordinate and streamline the economic development processes in Oklahoma City. In addition to managing several entities including the Oklahoma City Urban Renewal Authority and Oklahoma City Redevelopment Authority, we work in collaboration with public and private entities to support economic development projects throughout the city.

During the COVID-19 crisis, our local economic development team of the Alliance for Economic Development, the Greater Oklahoma City Chamber and the city of Oklahoma City has created programs using economic development funds to help small businesses meet payroll, rent and other expenses. These programs were funded with $5.5 billion in bond funds from the 2017 General Obligation-Limited Tax Bond program approved by voters for economic and community development.

Read more at the Journal Record

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