The Norman Transcript

Breaking News

Local news

November 4, 2012

Norman refines economic policy

NORMAN — Norman is redefining itself as a more business friendly community.

The Norman City Council is currently finalizing details of an economic development policy to clearly establish Norman’s mission and goals for economic development within the city.

All city council members agree, any use of public money whether its in the form of a tax rebate or building roads, requires a business plan, eligibility criteria and clawbacks — a monetary payback agreement — to protect the public interest.

Exactly how that comes about remains a matter of debate, but a consensus agreement is coming closer. Once that consensus is reached, the policy will go before the city council for a formal vote to adopt it.

Council member Greg Jungman wants specific language about clawbacks outlined in the policy.

Others say policy is not the place to outline specific details and that project proposals will have to be dealt with on an individual basis.

When a project comes forward, the Norman Economic Advisory Board will vet the project and make recommendations. Then NEDA, the trust authority comprised of city council members who are elected by the public and accountable to the public, must again look at the project. Further, all projects will ultimately come before the city council in a public forum before the city signs off on any deals.

Criteria include quality jobs creation with a threshold at or above average county wages.

“I don’t want giving money up front to be our primary goal,” said Council member Linda Lockett.

Lockett chairs the Business and Community Affairs committee which is currently working on the development of the policy.

“Our goal is to use this set of tools,” Lockett said. “And many of them aren’t necessarily where you would require clawbacks.”

Lockett said locking down details too tightly now, would prevent anything from ever coming forward.

Text Only | Photo Reprints
Local news
  • N7 Sooners come together to serve Native American youth

    Whitney Wofford has faced some tough competition as a part of the Oklahoma tennis team. However, on Wednesday, Wofford may have taken on her biggest and most rewarding competition yet at the Sooners For N7 event at the Oklahoma football ...

    April 10, 2014 3 Photos

  • Police arrest man connected to homicide

    Norman Police have arrested Abid Sandhu, 37 years old, of Norman, on a complaint of Murder in the First Degree. Formal charges have yet to be filed. At approximately 3:35 a.m. Saturday, the Norman Police Communications Center received a ...

    April 20, 2014

  • Cody’s Run raises $14,000

    Cody Ponder’s positive attitude was infectious even while he struggled with esophageal cancer. He always worked to help others and his giving spirit inspired a 5k race to benefit struggling patients. Last year Cody’s family organized a run ...

    April 20, 2014

  • movieposter Movie about Moore tornado survivors premieres May 16

    MOORE — Exploring ideas of faith and hope, an Oklahoma faith-based documentary on the May 20, 2013, EF-5 Moore tornado is scheduled to premiere at the Moore Warren Theatre May 16....

    April 20, 2014 1 Photo

  • Former mayor files for county office

    Local physician and former Norman Mayor Harold Haralson recently filed his candidacy for the Cleveland County Commission District 3 seat....

    April 20, 2014

  • Selling Norman is love at first sight

    Meeting planners who make a site visit to Norman tend to fall in love, convention and hospitality experts said this week. The staff of the Norman Convention and Visitors Bureau are commissioned with the job of promoting tourism and selling ...

    April 20, 2014

  • Green House is a homegrown business

    Nancy Muenzler was a banker in her previous life. That was before the Green House, 1708 SW 24th Street, became her passion....

    April 20, 2014

  • Conan’s martial arts moves downtown

    Conan’s Kickboxing, Karate, Boxing, Jujitsu, MMA Academy is celebrating the grand opening of a new facility right in the heart of downtown Norman at 310 E. Main St. Founded in 1996 by four-time World Kickboxing Champion Scott “Conan” ...

    April 20, 2014

  • Chamber welcomes new members

    The Norman Chamber of Commerce would like to thank all our sales volunteers and welcome our new Chamber members from our recent spring membership drive.  Suzanne McAuley was this year’s membership drive chair....

    April 20, 2014

  • It’s easier than ever to be your own movie producer

    Things have certainly come a long way since 1988, when the first stand-alone audio CD recorders outside of CD manufacturing plants started showing up. At that time, do-it-yourself CDs were the province of the rich and famous, as the ...

    April 20, 2014