Cityscape July 2017

CityScape JULY 2017 | ISSUE 7 | AN UPDATE ON THE PROGRESS MOVING OKC FORWARD Strategic Investment Program Adds 4,200+ Jobs to OKC

To help employers add more jobs to the Greater Oklahoma City region, Oklahoma City uses its groundbreaking Strategic Investment Program (SIP), a discretionary incentive fund designed to help companies that are looking to expand or locate their operations in Oklahoma City. The SIP is modeled after the state’s well-known Quality Jobs Program in that it provides qualifying companies who meet certain annual wage and new payroll/employment thresholds with cash payments. The program also ensures accountability and transparency through a pay- for-performance model, meaning companies only receive funding if they meet their goals. The SIP fund was created as part of the voter-approved 2007 General Obligation bond program, and since that time it has created more than 4,200 jobs in Oklahoma City. Companies who have used the fund have invested an estimated amount of $929 million in capital investments within Oklahoma City. Continued on page 5

SIP funds have helped qualified companies like GE Oil & Gas, Continental Resources and Centek increase their capital investment and create jobs in Oklahoma City.

$929 million ESTIMATED AMOUNT OF CAPITAL INVESTMENT

more than 4,200

$64.5 million SET ASIDE FOR PROJECTS

JOBS CREATED BY APPROVED COMPANIES

$45 million AWARDED

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