Friday, April 8, 2011

New OKC Nonprofit Created to Help Progress Economic Development

A new Oklahoma City Nonprofit, The Alliance for Economic Development of Oklahoma City, has been created and is asking for $424,000 from the city to help fund its projects.  Led by Assistant City Manager Cathy O'Connor, the nonprofit organization is planning to be a "one-stop shop" for economic development.  Set to begin operations on May 1st, the money it is requesting from the city is needed to "fast track" it's development projects.  Larry Nichols, who will be the chair of The Alliance, says that Oklahoma City is in need of the projects their organization will provide:

“Oklahoma City is at a unique stage in its growth,” Nichols said. “As a community, we have implemented strategies that are attracting investment in our city at an ever-increasing rate, yet the process and entities to help facilitate that growth have been the same for many years.”

Although OKC does have organizations already that provide similar servicesm, O'Connor says that The Alliance will not replace these services.  Instead, it is meant to expedite these existing services and focus on implementation.  O'Connor further explains that

“The idea is that entities like the city of Oklahoma City and the Oklahoma City Economic Development Trust will contract with The Alliance to coordinate projects we have ahead.”
If you are interested in learning more about The Alliance for Economic Development of Oklahoma City, read the full article at NewsOk.

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