Oklahoma City Redevelopment Authority Receives $1 Million Grant from Economic Development Administration



The Oklahoma City Redevelopment Authority (OCRA) was awarded a $1 million grant by the U.S. Department of Commerce's Economic Development Administration (EDA) that will help fund improvements to infrastructure in the Oklahoma Health Center area.

 

The grant will support improvements to the access points and streetscape of the western gateway into the Oklahoma Health Center along N.E. 10th Street, and will also enhance access and upgrade public utilities for existing and proposed uses along Stiles Avenue, including the Oklahoma School of Science and Mathematics, the State Chamber of Oklahoma, the Oklahoma Department of Commerce and the proposed General Electric Global Research Oil and Gas Technology Center (OGTC).

 

The OGTC will be one of only eight GE Global Research Centers in the world and is the only one to focus on a specific industry, oil and gas technology.  The project will create over 130 permanent jobs and will add more than $50 million in private investment to Oklahoma City.

 

"We are honored to be awarded the grant from the U.S. Department of Commerce and are very excited about the projects that this grant will go towards," said Cathy O'Connor, Executive Director of the Oklahoma City Redevelopment Authority.

 

The project was originally identified in the region's Comprehensive Economic Development Strategy (CEDS) in April 2013.  The CEDS is a regional plan that is managed by the Association of Central Oklahoma Government's (ACOG) Economic Development District (EDD) program. The funding announcement makes this the first Public Works grant generated in the metro since the ACOG EDD was designated a regional district by the EDA.

 

The Oklahoma Health Center is home to over 21 organizations that offer health services and bioscience research and employ approximately 13,000 people. 


 
Construction of Embassy Suites at Oklahoma Health Center Progresses


Construction is nearing completion for the $25 million Embassy Suites at the Oklahoma Heath Center. Originally proposed in 2008, construction was halted in 2009 after the economic collapse and resumed in 2013.

The hotel is six stories tall and features 194 guest rooms, 7,000-square-feet of meeting space and a Brickstones Restaurant and Bar.

The Embassy Suites will provide a place for patients and visitors to stay while visiting the Oklahoma Health Center. 
 
Current RFPs
Urban Renewal RFPs
Upcoming Meetings
For a list of upcoming meetings and agendas, click here.
In the News
The Oklahoman
Downtown Development is now on Twitter
Follow @dtOKCbuilds for picture updates of downtown development projects.
President's Report
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.

Copyright © 20XX. All Rights Reserved.