Broken Arrow Economic Development Authority
Meeting of: 06-15-2026
Title:
title
Approval of letter of support for the nomination of Census Tract 40145030507 for Opportunity Zone 2.0 designation
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Background:
Opportunity Zone 2.0 is a proposed federal economic development initiative designed to encourage long-term private investment in designated communities through targeted tax incentives. The initiative seeks to attract capital investment, support business growth, encourage redevelopment, and create employment opportunities in qualifying areas.
The City of Broken Arrow and its economic development partners have identified Census Tract 40145030507 as an area within Broken Arrow and Wagoner County as a strong candidate for designation under the proposed Opportunity Zone 2.0 program. If selected, the designation could enhance the area’s competitiveness for future investment and redevelopment while supporting broader economic development objectives.
As a part of the nomination process, letters of support are being requested from local stakeholders. A letter from the Broken Arrow Economic Development Authority would demonstrate local support for the nomination and the Authority’s commitment to promoting investment and economic growth within the proposed area.
Cost: $0
Funding Source: N/A
Requested By: Travis Stephens, Director Tourism and Economic Development
Approved By: City Manager’s Office
Attachments: Census Tract and letter of support
Recommendation:
recommend
Approve letter of support for the nomination of Census Tract 40145030507 for Opportunity Zone 2.0 designation
end