$3M from ‘closing fund' helps lure company
For the first time, Gov. Mary Fallin is using money from a special “closing fund” to sway a company's decision to bring jobs to Oklahoma.
Fallin said Wednesday the fund helped close a deal with General Electric to bring a global research center to Oklahoma, focusing on technological advancements for the oil and natural gas industry.
“It's a great example of what can be done when we have the tools to compete,” she said.
GE will receive $3 million from the governor's closing fund, which was created in 2011.
A spokesman for Fallin said the fund contains $6.7 million but she asked for an additional $5 million in her executive budget this year.