The Norman Transcript

Local news

October 5, 2012

City is writing economic policy

NORMAN — The Business and Community Affairs Committee explored economic development policies at its meeting Thursday.

Chair Linda Lockett, who represents Ward 7 on the Norman City Council, said she also wants the committee to create a definition of what constitutes economic development.

City staff attorney Kathryn Walker presented information on the policies and funding mechanisms of other communities similar to Norman, such as Denton, Texas, Columbia, Mo., and Lawrence, Kan.

The creation of a Norman Economic Development Authority was approved in May and a draft ordinance creating an advisory board was presented to the Business and Community Affairs Committee in July. Because it was decided that members of the city council would serve on the NEDA, the advisory board is a way to include local professionals with expertise in business and economic development in a consulting capacity to council members.

In August, the current tools available for economic development were discussed. In September, research into policies from other cities began. The evaluation of components for Norman’s policies and goals will continue through November, with a draft of policy statement expected in December.

Council member Tom Kovach expressed concern about incentivizing a business to bring jobs here and then, 10 years later, that company may leave.

Don Wood, Norman Economic Development Coalition executive director, said performance reviews and penalties would not extend beyond a decade, but that isn’t a problem.

“A company comes here to find the trained work force. They become embedded in the community,” Wood said.

But while it is useful to look at the types of incentives other towns in other states use, Wood was concerned that the tax incentives in other states may not apply here.

He pointed out that property taxes in Texas fund cities to a larger degree, while in Oklahoma, property taxes primarily affect schools.

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

  • Norman High Speech and Debate Team wins state championship

    Briar White’s heart pounded in his chest as he clasped the hands of several classmates and Booker T. Washington High School was announced as the second-place finisher. White said he was elated to hear second place announced because he ...

    April 16, 2014

  • General fund continues to decline as expenses exceed anticipated revenues

    Norman’s expenses will again outstrip projected revenue in the current budget before the city council. The budget for the fiscal year that starts in July and ends June 30, 2015, projects $210,982,020 in total revenues and $213,436,778 in ...

    April 16, 2014

  • Norman students accepted to arts institute

    OKLAHOMA CITY — Forty-nine Norman high school students have been accepted to the Oklahoma Summer Arts Institute at Quartz Mountain, an arts academy hosted June 14-29 in southwestern Oklahoma. The Norman students were among 270 artists ...

    April 16, 2014

  • OU History of Science Department receives Sloan Foundation Grant

    The University of Oklahoma History of Science Department has received a $350,000 grant from the Alfred P. Sloan Foundation in support of a project to build an innovative tool for collaborative research centered on the 100-year-old Isis ...

    April 16, 2014

  • Norman High, North named top schools in nation

    Norman High and Norman North have once again been identified as two of the most rigorous high schools in the state and nation. The Washington Post’s 2014 Most Challenging High Schools list, the first of annual national high school ...

    April 16, 2014

  • Oklahoma Water Survey data web portal to be demonstrated next week

    A new tool is available from the Oklahoma Water Survey, at the University of Oklahoma, for organizations in the state that collect and use water data. Oklahoma Water Survey Director Robert Puls will demonstrate Phase I of a new water data ...

    April 16, 2014

  • Norman teachers excited about professional development

    Norman Public Schools’ teachers are focused on students and want to take advantage of professional development, Beth Spears, director of Staff Development and Student Achievement, said was the overall response teachers had to a recent ...

    April 15, 2014

  • Social justice dialogue part of University of Oklahoma program

    The University of Oklahoma kicked off Justice Week with a public forum Monday titled “Luis Rodriguez: No en Vano.” Critically acclaimed author, Esmeralda Santiago discussed the “Transformative Power of Art,” while joining five panelists ...

    April 15, 2014

  • Storm scavengers now could face felony charges

    OKLAHOMA CITY— It wasn’t long after a devastating tornado hit Moore last year that scavengers were circling the wreckage. Already reeling, Moore residents had a new concern — fending off looters....

    April 15, 2014

Video
Facebook