Broken Arrow Economic Development Authority
Meeting of: 07-31-2023
Title:
title
Consideration, discussion, and possible approval of the Broken Arrow Economic Development Incentive Policy
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Background:
Economic development is vital to the City of Broken Arrow’s long-term economic and social health. As part of an ongoing effort to improve the quality of life for its citizens, the City of Broken
Arrow is committed to the promotion of job creation and high-quality development in all parts of the city.
The purpose of this Incentive Policy is to give guidance and consistency to economic development incentives and economic development agreements in the City of Broken Arrow.
This document contains the policies, processes and review procedures for Economic Development Incentives offered within the City of Broken Arrow for the purposes of contributing to the expansion of economic development opportunities through the below goals:
• Diversify the Local Economic Base
• Retain Local Jobs
• Create Quality New Jobs & Opportunities
• Create New Capital Investment in Broken Arrow
• Increase Sales Tax Revenues
• Increase Ad Valorem Revenue & Property Values
Cost: $0
Funding Source: N/A
Requested By: Jennifer Rush, Economic Development Manager
Approved By: City Manager’s Office
Attachments: Broken Arrow Economic Development Incentive Policy
Recommendation:
recommend
Approve the Broken Arrow Economic Development Incentive Policy
end