Broken Arrow Economic Development Authority
Meeting of: 9/17/2024
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Title:
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Introduction of the new Business Retention and Expansion Manager with the Economic Development Corporation
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Background:
The Broken Arrow Economic Development Corporation (BAEDC) has added a new team member to their organization. The BAEDC will introduce their new BRE (Business Retention and Expansion) Manager who started on September 16th.
Business Retention and Expansion Information:
There are more than 300 manufacturers currently located within the City resulting in the third largest concentration of manufacturers in the state, behind Oklahoma City and Tulsa. In order to retain and grow these and our other City employers, the City of Broken Arrow contracts with the Broken Arrow Economic Development Corporation to execute and report the following regarding Business Retention and Expansion (BRE).
a) Conduct business retention visits, compile data resulting from visits, logs all relevant data, and reports monthly on trends with recommendations as to programs or policies to assist in business support in coordination with the City of Broken Arrow staff by utilizing a shared Customer Relationship Management system. Goal of reaching at least 25% unique primary employer meetings each year.
b) BAEDC will act as point of contact for the generation of state incentive analysis, economic impact analysis as well as labor market data request made to any state or regional agency including the Oklahoma Department of Commerce, Tulsa Regional Chamber or State Chamber of Commerce on behalf of Broken Arrow. The City Manager or his designee must be present in all incentive discussions and meetings.
c) Ensure Broken Arrow has a strong relationship with the leadership of the headquarters of major employers located in the area to help ensure retention and facilitate expansion opportunities.
d) Co...
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