OKC Trying To Create 'Innovation District' Into Business Hot Spo - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

NEWS

OKC Trying To Create 'Innovation District' Into Business Hot Spot

Posted: Updated:
The city trying to help transform the area around OU med and the new GE center into a huge money maker and business hot spot. The city trying to help transform the area around OU med and the new GE center into a huge money maker and business hot spot.
OKLAHOMA CITY -

The city is trying to help transform the area around OU Med and the new GE center into a huge money maker and business hot spot.

Under the proposal, some tax revenue generated in OKC’s “Innovation District” would be reinvested in technology and infrastructure improvements to attract more business.

The goal would be to use up to around $50-million over the next 25 years to help create high-tech jobs.

“We’ve got to diversify OKC economy as fast as possible,” said OKC City Councilman Ed Shadid.

Councilman Shadid supports the proposal even though he’s been critical of Tax Increment Finance districts in the past.

If voted through, the Innovation District would become OKC’s 11th TIF district.

I2E, a non-profit in the Innovation District, helps companies get off the ground. Two of its companies recently sold for tens and hundreds of millions of dollars.

“I think there is a need for activity,” said I2E CEO Scott Meacham, who believes creating another TIF district in the Innovation District is a smart move.

“The question is how do you leverage what’s going on?” said Meacham.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.