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Council reviews Norman Economic Development Authority trust as local alternative to county coalition
Summary
After debating CCEDC membership, councilors reviewed the Norman Economic Development Authority (a public trust) and discussed using dedicated local funding or incentives through NEDA as an alternative to joining the county coalition.
As part of the same meeting staff briefed the City Council on the Norman Economic Development Authority (NEDA), a public trust created in 2011–2013 to hold property, issue long-term obligations and administer economic-development incentives. Ms. Walker (Speaker 2) reviewed how NEDA and the Economic Development Advisory Board (EDAB) would evaluate proposals and noted the trust has not had…
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