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Council approves up to $600,000 in performance incentive for ARL Biopharma expansion, pledges 400 jobs
Summary
Council approved a joint resolution with the Oklahoma City Economic Development Trust to allocate up to $600,000 in general obligation limited tax bond proceeds to support ARL Biopharma’s planned facility expansion, which company representatives said will add roughly 400 jobs and $46.75 million in capital investment.
The Oklahoma City Council approved a resolution authorizing up to $600,000 in performance‑based incentives from general obligation limited tax bond proceeds for ARL Biopharma’s planned expansion in Oklahoma City.
City economic development staff and Alliance representatives described the incentive as a pay‑for‑performance allocation tied to job creation. Alliance staff said the company anticipates creating about 400 new,…
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