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Creative Financing Strategies
8th Annual Regional Summit | October 25, 2016
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Public Trust Created in 1974 Conduit Bond Financing Non Appropriated State Agency Created in 1959 Financing for Economic Development Projects
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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
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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
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Bank Partnership $1.2MM Loan – Building Acquistion 102,562 sq. ft. / 29 acres Manufacturing Facility Owner moved Production to Mexico
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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
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$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%
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Michael D. Davis, President & CEO mdavis@okfinance.com
Jeremy Stoner, Senior Vice President 9220 North Kelley Avenue Oklahoma City, Oklahoma 73131 (405)
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