Taking a closer look at these two financing tools

Tax increment financing (TIF) is a tool used to spur urban redevelopment. Business improvement district (BID) is a tool used to improve the quality of life in urban areas.


Recently, Cathy O'Connor, President and CEO of The Alliance for Economic Development of Oklahoma City gave a presentation to the MAPs 3 Transit Subcommittee on the ways that TIF or BID funding could potentially support OKC Streetcar.


To view the full presentation, click here.

MidTown TIF projects soaring with success

A quick bike or walk up Walker Avenue and NW 12th Street provides you with an eyeful of growth and development in MidTown, Oklahoma City. The benefits of the mid-2012 $1.1 million TIF package are visible to anyone who sets foot near this growing district.
Image courtesy of @dtOKCbuilds




The Osler Building, a 55-room boutique style hotel, is well underway with construction and is set to open near the end of 2013. This new hotel will feature a ground floor restaurant, rooftop bar and courtyard, along with a pool on the east side of the property.


Image courtesy of @dtOKCbuilds




1212, the fully leased residential building owned by MidTown Renaissance, recently opened its two commercial operations on the ground floor, Dry/Shop and Waffle Champion

Image courtesty of @dtOKCbuilds

Image courtesy of @dtOKCbuilds




The newest project of MidTown Renaissance, Four30, began construction in late 2012 and opened with all 26-units fully leased last week. Right around the corner from the Osler Building and 1212, Four30 is a short walk to the vibrant core of the MidTown district.




Foreign Trade Zone, a partner of The Alliance

The Port Authority of Greater Oklahoma City's Foreign Trade Zone #106 is managed and overseen by The Alliance for Economic Development of Oklahoma City. The FTZ #106 is located adjacent to the Will Rogers World Airport, providing ample access to air cargo routes as well as major US roadways such as I-40, I-44 and I-35. FTZ #106 serves a 22-county region with magnet sites in both Enid and Shawnee, Oklahoma.

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About The Alliance
The Alliance was created in 2011 to better serve the economic development needs of Oklahoma City.

With its collaboration with city and private entities, the Alliance acts as a "one-stop-shop" for businesses in need of assistance from the public sector.

New program to boost small business in Oklahoma City

The Oklahoma City Economic Development Trust (OCEDT) approved a partnership with i2E for the GrowOKC small business loan program at the end of July.


"This partnership will foster and expand small business in our community by providing them with low interest funding," says Cathy O'Connor, President and CEO of The Alliance.


GrowOKC will be administered and managed by i2E with quarterly reports made to OCEDT.


To read more about this partnership, read these two news articles: NewsOK and Journal Record.

To read Cathy's full statement, click here

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