Creative Financing Strategies 8th Annual Regional Summit | October 25, 2016
Public Trust Created in 1974 Conduit Bond Financing Non Appropriated State Agency Created in 1959 Financing for Economic Development Projects
Oklahoma Finance Authorities Economic Impact In Excess of $1.2 Billion in Funding in the Past 5 Years Private Industry Lending State Business Incentive Funding Government/Nonprofit Facilities Higher Education Healthcare / Elder Care
Our mission is to assist in the creation, retention and diversification of employment opportunities throughout Oklahoma. Key Partners: Community Banks Economic Development Professionals & Authorities Manufacturing Groups & Alliances Local & County Government State Government Regents for Higher Education Certified Public Accountants
Bank Partnership $1.2MM Loan – Building Acquistion - 2013 102,562 sq. ft. / 29 acres Manufacturing Facility Owner moved Production to Mexico - 2010
Economic Development Pooled Finance Program Business Retention & Expansion Incentive $23mm Incentives Awarded $137mm New Capital Investment $29mm New Annual Payroll 2,517 Jobs – 539 New Jobs Created $49,208 Annual Wage
$1.3MM Construction Loan for Shell Building Economic Development $1.3MM Construction Loan for Shell Building Community Support from City and County Bank Group Created: Lead Bank and Local Bank Group – 50% OIFA – 50%
Michael D. Davis, President & CEO mdavis@okfinance.com Jeremy Stoner, Senior Vice President jstoner@okfinance.com 9220 North Kelley Avenue Oklahoma City, Oklahoma 73131 (405) 842-1145