WHAT WE DO
The Alliance for Economic Development of Oklahoma City was formed in 2011 to better coordinate land, incentives and economic tools that make Oklahoma City even more attractive to companies and developers. This includes the coordination, management, planning and/or implementation of:
The city’s general obligation limited tax bond program
Tax increment financing districts
The city’s retail strategy and incentives
City and urban renewal redevelopment programs
Identification and development of job creation sites
Public-private redevelopment opportunities
We utilizes several economic tools to create the best types and levels of support necessary.
The Strategic Investment Program, is a job-creation incentive program used to help recruit jobs and employers. The program has the advantage of flexibility in structure to address challenges related to employer recruitment, while also being transparent.
The Oklahoma City Urban Renewal Authority is the leading public redevelopment agency of Oklahoma City. OCURA is charged with the revitalization of the city's urban neighborhoods and the enhancement of its quality of life. It is governed by a board of commissioners nominated by the mayor and confirmed by the city council. Its day-to-day management is contracted to the Alliance for Economic Development of Oklahoma City.
Tax Increment Financing districts are an economic tool to promote development in blighted, underserved, or economically distressed urban areas. TIF helps fund new economic growth that will attract new investors, consumers and employers into the area. Oklahoma City has many examples of how TIF helped improve and redevelop core areas. Learn more about TIF.
The Retail Incentive Policy promotes the development of regional retail establishments, such as outlet malls, along with new to market retailers. In addition, the policy allows for retail businesses that will serve underserved areas. Learn more about the Retail Incentive Policy.