Wagoner City Council approves $15000 grant for Tower Business Complex development

During the recent City Council meeting held on February 3, 2025, in Wagoner, Oklahoma, a significant economic development agreement was discussed that could impact local business growth. The council considered entering into an agreement with Tower Business Complex, LLC, which aims to provide development incentives for constructing a new business complex on East Cherokee Street.

The proposal included a $15,000 grant to Tower Business Complex, contingent upon a contractual agreement that would require reimbursement to the city if the property is sold within three years. The reimbursement would include the original grant amount plus an additional 4%. This financial support is part of a broader strategy to stimulate economic development in the area, with $100,000 allocated for business procurement in the city’s budget.

Council members expressed their support for the initiative, recognizing the potential benefits of attracting new businesses to Wagoner. The motion to approve the grant was unanimously passed, reflecting a collective commitment to fostering economic growth and enhancing the local business landscape.

This agreement marks a proactive step by the Wagoner City Council to encourage investment in the community, which could lead to job creation and increased economic activity. As the city continues to navigate its development goals, the success of this project will be closely monitored, particularly regarding its impact on local employment and business opportunities.