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OKC Plan, 2000-2020 - City of Oklahoma City

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Actions<br />

Public-Private Initiatives<br />

< Coordinate <strong>City</strong> economic development efforts carried out under this <strong>Plan</strong> with the economic<br />

development efforts <strong>of</strong> the Greater <strong>Oklahoma</strong> <strong>City</strong> Chamber <strong>of</strong> Commerce as outlined in<br />

Forward <strong>Oklahoma</strong> <strong>City</strong>—The New Agenda (1996-<strong>2000</strong>) and Forward <strong>Oklahoma</strong> <strong>City</strong> II<br />

(2001-2005) to grow the economy and improve the overall quality <strong>of</strong> life in <strong>Oklahoma</strong> <strong>City</strong>.<br />

Form partnerships combining <strong>City</strong> departments, trusts, and authorities with local firms, area<br />

chambers <strong>of</strong> commerce, and the State to jointly pursue economic development initiatives<br />

including<br />

• land acquisition and infrastructure improvements,<br />

• establishing technology transfer programs,<br />

• creating and implementing Business Improvement Districts, Tax Increment Finance districts,<br />

tax abatement incentives, and other methods for financing economic development and<br />

redevelopment efforts.<br />

Seek additional resources to fund an aggressive, ongoing economic development effort.<br />

Work with chambers <strong>of</strong> commerce, universities and vo-techs, and financial institutions to assist<br />

existing businesses in expanding their operations and entrepreneurs in starting new businesses.<br />

Programs to support these businesses include assistance with developing business plans,<br />

providing marketing and site selection data, advising business owners about governmental and<br />

other programs, providing small business loans, and developing business incubators for small<br />

business startups.<br />

Emphasize technology-based enterprises in industrial recruitment and business development<br />

efforts.<br />

Identify and pursue industrial development opportunities in freight movement and other sectors<br />

created by the designation <strong>of</strong> I-35 as a NAFTA (North American Free Trade Agreement)<br />

corridor.<br />

Encourage the development <strong>of</strong> a Regional Growth Dynamics Study that highlights the airport as<br />

the economic development hub <strong>of</strong> Central <strong>Oklahoma</strong>.<br />

Promote the availability and further enhancement <strong>of</strong> natural resources (water) especially along<br />

the banks <strong>of</strong> the Canadian River.<br />

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