Broken Arrow City Council
Meeting of: 08-18-2026
Title:
title
Ratification of Economic Development Agreement for Solar Turbines Incorporated
End
Background:
A declared goal of the City of Broken Arrow is to encourage, facilitate and promote economic growth within and near the city by attracting and expanding both new and existing industry and commercial business.
In 2023, Broken Arrow voters approved a 25-year renewal of the city's franchise with Public Service Company of Oklahoma (PSO). As part of the franchise agreement, PSO collects a 2% franchise fee and a newly established 1% Economic Development Fee, to be used as a fund for essential services and future prosperity. Upon passing the 1% Economic Development Fee, City Council adopted a formal Incentive Policy to support economic growth opportunities throughout the City. Resolution No. 1515 requires City Council approval of funds expended from PSO Economic Development Fee Fund 350.
Through the formal Economic Development Incentive Policy procedure, Solar Turbines Incorporated submitted an incentive application to assist in an expansion project at their current Broken Arrow facility. The proposed project includes a 38,000 square foot expansion of its existing facility to accommodate an increase in production. Solar Turbines Incorporated will invest a minimum of $32,000,000.00 in capital improvements and an addition of 52 new jobs.
On February 3, 2026, the Broken Arrow Economic Development Authority approved and executed an Economic Development Agreement with Solar Turbines Incorporated.
Cost: Not to Exceed $580,000.00
Funding Source: PSO Economic Development Fee, Fund 350
Requested By: Travis Stephens, Tourism and Economic Development Director
Approved By: City Manager's Office
Attachments: Resolution No. 1515
Solar Turbines Incorporated Economic Development
Agreement
Recommendation:
recommend
Ratification of Economic Dev...
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