EDMOND — Members of the Edmond Economic Development Authority asked the city council this week to adopt incentives for retail owners opening a business in Edmond, or local businesses that expand.
City council and Edmond Economic Development Authority members said they want to be competitive with other cities in the area that are working to entice businesses.
“Everything has gotten so competitive, at least on the retail side,” said Janet Yowell, Edmond Economic Development Authority executive director.
City Councilman Nick Massey said, “This will make a big difference. They are always asking what can you do.”
Incentives will be reviewed on a case-by-case basis, council members were told this week during a workshop.
Two sets of incentives have been proposed and will be voted on by the city council early next year.
Business, retail plan
Under the business and retail plan, economic assistance would be available to new and existing retail, commercial developers and owners who build or expand in target areas of the city.
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.
The suggested focus would be in the downtown Edmond corridor, along Broadway from Ninth Street north to Ayers; Edmond Road/Second Street from Saints Boulevard west to Santa Fe Avenue; and the Interstate 35 corridor.
“The plan will not be confined to the target areas,” Yowell said.