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Economic Development

Background

The state’s role in encouraging job creation and economic growth.

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StateImpact is Safe, Sound and Sidetracked

Stella and Jack Howard (left and right) with their daughter, Dawnelaina (center), sit with the remains of their Moore home. The Howards built this house after their last one was destroyed by the May 3, 1999, twister.

Just a quick update: Logan Layden and I are safe and sound. We’ve been sidetracked a bit from our daily StateImpact duties to help local stations and NPR report and cover the aftermath of the Moore tornado. We’ve helped with live reporting, filed stories, and helped document the devastation with photos. We’re working on some in-depth tornado-related [...]

American Indian Museum a Proxy in Political Fight over OKC Water Policy

The unfinished American Indian Cultural Center and Museum has become a proxy in a political fight about Oklahoma City's water policy.

Balancing the state’s water needs isn’t just about permits and pipelines. It’s political. And Oklahoma City is a case study in how local water policy can have unintended consequences at the state capitol. The city, state and tribes are wrestling over the $80 million needed to complete the American Indian Cultural Center and Museum, a $150 million project that [...]

Tax Break for Big Corporations Could Mean Even Less Money for Oklahoma Schools

Michelle Gentry stands outside her 3rd grade classroom at Madison Elementary School in Norman, Okla.

State Question 766 passed in November 2012, and eliminated the tax on intangible property:  business licenses, trade secrets, company logos, things with value beyond their physical traits. Before the election, the state Tax Commission estimated 766 would mean revenue losses of around $30 million for Oklahoma public schools. Five months later, a new estimate predicts [...]

Revenue Losses from Intangible Property Tax Break Could Double

In November 2012, Oklahoma voters elected to exempt all intangible property from ad valorem taxation. Among the most vocal opponents of State Question 766 were public school officials, which depend on funding from ad valorem taxes. School administrators warned of the measure’s effect on local school funding. The tax exemption went into effect on Jan. 1, [...]

Oklahoma’s Water Future Depends On Cheap, State-Backed Loans

Broken Arrow Engineering Director Kenny Schwab says the city's water currently has to be piped in from 30 miles away.

How important are the Oklahoma Water Resources Board’s financing programs for local water projects across the state? Since 1985, close to $3 billion in low-interest loans have been secured for projects ranging from $80,000 for a water tower in rural Custer County, to $65 million for a new water treatment plant in Broken Arrow. For [...]

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