The council voted unanimously to approve the incentives. GE announced last year that it planned to build a new global research center northeast of downtown that would create 133 jobs with an average salary of $129,800. The council approved an incentive of $1 million to GE and another $750,000 for site clearance and public improvements.
The incentives are offered through the Oklahoma City Strategic Investment Program (SIP), which attempts to fund the creation of quality jobs. Incentives are disbursed according to a performance schedule and are not issued if job creation thresholds are not met.
