Share “Edmond City Council to vote on incentive...”

Edmond City Council to vote on incentive program

Edmond City Council members will consider Monday a recommendation by the Edmond Economic Development Authority for an incentive program. The two-part program would help retail owners opening business in Edmond, or businesses that expand.
by Diana Baldwin Published: January 12, 2013
Advertisement

Target areas are described as places that are underutilized, vacant and/or in danger of becoming blighted areas, or areas where there is a demonstrated need for additional retail or commercial development.

Retail and commercial businesses that will provide additional sales tax revenue to the city would be candidates for incentives.

The second incentive plan focuses on primary jobs — jobs that produce a product or service for use in or outside the Edmond area.

A qualified company must achieve $750,000 in new annualized payroll for new, full-time employees. Over a two-year period, employees' pay must average $40,000 a year.

by Diana Baldwin
Sr. Reporter
Diana Baldwin has been an Oklahoma journalist since 1976 and came to The Oklahoman in 1991. She covered the Oklahoma City bombing and covered the downfall of Oklahoma City police forensic chemist Joyce Gilchrist misidentifying evidence. She wrote...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Arizona Cardinals' Tony Jefferson dealing with concussion
  2. 2
    Tulsa Health Department monitoring recent traveler for Ebola virus
  3. 3
    Tulsa woman indicted on fraud charges in cancer treatment scheme
  4. 4
    Big 12 basketball: OU's Buddy Hield, OSU's Le'Bryan Nash make CBSSports.com top 100 college...
  5. 5
    Business strikes back with user reviews
+ show more