The federal grant will be matched with another $1 million collectively from the Greater Oklahoma City Chamber, the city of Oklahoma City, the Oklahoma Medical Research Foundation, the Oklahoma Business Roundtable and Presbyterian Health Foundation.
"This grant will allow Oklahoma and Oklahoma City to better serve our startup and growth-stage companies,” said Roy Williams, president and CEO of the Greater Oklahoma City Chamber. "These firms, which could be our next generation of headquarter companies, are critical to the long-term economic health of our community and state. Partnerships such as this make perfect sense for the Greater Oklahoma City Chamber.”
Cathy O'Connor, assistant Oklahoma City manager, said the OKC Economic Development Trust would provide its portion of the matching money from the general obligation bond issue for economic development OK'd in 2007.
Also Thursday, the U.S. Department of Agriculture announced a $750,000 loan to the Logan County Economic Development Council in Guthrie to help retain small businesses in the area.