Oklahoma City Innovation District receives annual MAPS Investment Trust disbursement approval

The Oklahoma City Economic Development Trust convened on May 20, 2025, to discuss key funding initiatives and economic growth strategies that directly impact the community. A significant decision made during the meeting was the approval of the annual disbursement of funds from the MAPS Investment Trust to support the Oklahoma City Innovation District. This second installment will provide approximately $60,000, with the potential for increased funding as the investment grows. This annual distribution, set to be available on July 1, is part of the MAPS 4 projects aimed at fostering innovation and economic development in the city.

The meeting also addressed the ongoing financial audit process. An amendment to the audit contract with Alan Gibbs and Bullock was approved, allowing the city to continue working with the same auditor during a critical financial system conversion. This decision ensures consistency and reliability in the city’s financial oversight.

In addition to funding discussions, the meeting highlighted positive trends in economic development. Aaron Long, a research economist from the Greater Oklahoma City Chamber, reported on the steady increase in economic activity. Notable project wins included a construction rental dealer expanding its operations in Oklahoma City, which will create 20 new jobs and involve a capital investment of over $3.5 million. Another significant development is a software automation firm from Seattle opening a local office, expected to employ nearly 50 people with an average salary exceeding $125,000.

The chamber has also been proactive in hosting events to attract businesses and site selectors, including participation in major conferences and community engagement initiatives. These efforts are part of a broader strategy to enhance Oklahoma City's economic landscape and create job opportunities for residents.

As the city continues to navigate its economic development goals, the outcomes of this meeting reflect a commitment to fostering growth and innovation, ultimately benefiting the community at large. The next steps will involve monitoring the impact of these investments and initiatives as they unfold in the coming year.