OKLAHOMA CITY (AP) - The Oklahoma House has approved legislation to revive an economic development tool that supporters say will help attract businesses to the state and create jobs.
Lawmakers voted 79-17 Wednesday to create the Oklahoma Quick Action Closing Fund. The measure amends the Oklahoma Opportunity Fund, which was created in 2006 but declared unconstitutional by the Oklahoma Supreme Court.
The measure by Rep. Skye McNeil of Bristow would authorize the governor to dip into the fund to provide financial incentives to companies considering relocating or expanding in the state.
To read the full, original article click on this link: Oklahoma House passes economic development measure to create closing fund for business deals | Markets | Market News | Canadian Business Online
