Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Trust allocates up to $175,000 in bond proceeds for Kearney National to support 81 new jobs
Summary
The Trust approved allocating up to $175,000 of GO bond proceeds for job-creation incentives to Kearney National Inc. to support establishment of an aluminum light-pole manufacturing facility in Oklahoma City, creating a planned 81 jobs over five years and investing in machinery and real estate.
The Oklahoma City Economic Development Trust on July 29 approved a joint resolution allocating gold bond proceeds not to exceed $175,000 for job-creation incentives to Kearney National Incorporated (doing business as HebcoPole Products). Staff described the project as manufacturing aluminum light poles in a proposed 270,000-square-foot facility (OKC 577) that would serve western and Midwestern markets and shorten shipping from the company’s East Coast base.
Kenny Sutil introduced the item as a job-creation deal intended to create 81 new jobs over five years with an average…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
