The event is a chance to visit new shops and restaurants that have opened in the last few years.
incentives
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Reel jobs
On May 24 — the final day of this year’s session — the state House voted against extension of the Oklahoma Film Enhancement Rebate Program, which provides incentives for qualifiying film productions that spend money on Oklahoma goods and services. Before the vote, House Democratic Leader Scott Inman of Del City called the Democrats in […]
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Boeing bucks
Credit: Mark Hancock On Jan. 22, the trust passed a measure to increase the amount originally put forth and another to let the city negotiate an amount for a second round of job relocations. Both require approval from Oklahoma City Council. In the summer of 2011, Boeing announced it was closing its C-130 modernization plant […]
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Oklahoma to corporations: We love you!
Credit: Brad Gregg And as failed Republican presidential candidate Mitt Romney taught us, “Corporations are people, my friend.” According to The New York Times, the Sooner State spends around $2.19 billion annually on corporate incentive programs. That translates to $584 for every Oklahoman going toward paying for business incentives — or 37 cents for every […]
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Nip and tuck
Cathy O’Connor Credit: Mark Hancock While few of the changes are major, they will update and better spell out what the city can do as part of its incentive program, said Cathy O’Connor, president of the nonprofit organization Alliance for Economic Development. The program funds come from the 2007 general obligation limited tax (GOLT) bond. […]
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Fade out
Senate Bill 1623 has made it past the state Senate Finance Committee and is awaiting further action in the Senate. Authored by Sen. Mike Mazzei, R-Tulsa, it would eliminate a number of special tax credits and subsidies in order to compensate for revenue lost by reducing the state’s top marginal income tax rate from 5.25 […]