Oklahoma communities to use grant funds to rebuild infrastructure, support entrepreneurs

Projects in Tulsa, Sapulpa and Durant will benefit from federal grants from the Economic Development Administration, Acting U.S. Commerce Secretary Rebecca Blank said Wednesday.
FROM STAFF REPORTS Published: September 6, 2012
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Projects in Tulsa, Sapulpa and Durant will benefit from grants from the Economic Development Administration, Acting U.S. Commerce Secretary Rebecca Blank said Wednesday.

The money will help pay for improving Durant's water system, rebuild business infrastructure in Sapulpa that was damaged by severe winter snowstorms last year and support entrepreneurs in Tulsa.

The grants are:

•  In Tulsa, a grant of $393,756 to i2E Inc. will help fund new and enhanced services for Tulsa-area entrepreneurs. This will include expansion of the SeedStep Angel Group and the 12E Fellows Program, a 12- to 15-week Business Development Immersion Program.

•  In Sapulpa, a grant of $1.5 million will help fund infrastructure improvements and repairs to a 300-acre industrial park that was damaged by a winter storm in 2011. The improvements will create 85 new jobs and leverage $20 million in private investment, according to estimates, with a long-term potential of creating an additional 800 new jobs.

•  In Durant, a grant of $950,000 will fund expansion of the city's water supply and fire protection systems. According to estimates, the upgrades will help retain six jobs, create 180 new jobs, and generate $17.6 million in private investment.