Wednesday, April 27, 2011

OK City Council Approves Economic Development Nonprofit Funding

Note: This is a summary of an article from an outside news organization.  If you are interested in reading the full story, please visit the links in the article.

It looks like there is finally an end to the Alliance for Economic Development saga.

According to the latest report from NewsOK, the Oklahoma City Council approved a contract with the nonprofit after concerns regarding the diversity of its board were addressed.  When the contract was first submitted over two weeks ago, you might remember that many members of the council, including Pete White, expressed great concern over not only the lack of diversity on the group's board, but also a perceived lack of transparency inits dealings. 

To get the votes, amendments were added to the contract that addressed the Council's concerns.  For instance, one amendment emphasizes that the Alliance makes reccommendations, but will not create policy.  In addition, the Alliance has agreed to add new board members with diverse backgrounds in business, geography, and race.

The contract, which provides the Alliance with $42,000 in public funding, was approved by a 7-1 vote, with only Councilman Ed Shadid voting against it.

To read the full article (including the various stories on this subject), visit NewsOK's website.

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