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Jenks Economic Development Authority budgets $800,000 but lacks dedicated revenue stream
Summary
The Jenks Economic Development Authority (JADA) presented a proposed FY2024–26 budget that relies on a $4 million seed fund and includes $800,000 in proposed incentives; board members said JADA needs a replenishment revenue source to be financially sustainable after pilot programs such as kitchen grants and facades.
Jenks — The Jenks Economic Development Authority on Monday presented a proposed biannual budget that relies on an original $4 million seed fund and includes about $800,000 in incentives and grant programs for the coming period.
Staff described programs that have used JADA money — including façade grants and a pilot kitchen grant program that city officials said helped spur restaurant openings in older buildings. The authority’s staff and several trustees said the programs…
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