Resources Available to Edmond-Based Businesses

The Edmond Economic Development Authority (EEDA) exists to offer resources that stimulate the growth of Edmond's economy by creating and maintaining an optimum environment for both new and existing businesses, offering services that facilitate the growth and expansion of those businesses and generating opportunities to increase the sales tax base of the city of Edmond.

Marketing Services: Assists in generating payroll, local spending and taxes. These services are for companies new to Edmond, companies launching new products and services or companies forming new partnerships.

News Releases – The EEDA offers custom news releases, which are tailored to reach relevant media outlets and business publications Other marketing services – Copies of press clippings and event planning

Employment Resources: The EEDA offers two user-friendly databases to assist both companies and job seekers with their employment needs.

Commercial Real Estate Services: The EEDA works with those promoting their available properties as well as those looking for commercial real estate in the Edmond-area.

Publications: The EEDA provides many useful publications to help those that are interested stay up to date on the latest Edmond news and data.

Events: The EEDA offers an annual event as well as a quarterly meeting to help people stay informed about the Edmond-area.

4o'clock 4cast– Commercial real estate and business professionals from across the metro area meet in September and April to gather the latest economic statistics about Edmond, exchange information, network and compare leads. Edmond Economic Preview – A forum of the previous year's highlights and the following year's projections from local and statewide economic and real estate experts.

Demographics: The EEDA is the source for the latest Edmond demographics.

Demographic Reports – Demographic information is available by intersection, zip codes and for the entire city. Reports provide various current year information including data on race, population by age, gender and household income. Cost of Living – Reports are available analyzing cost of living and demographic information between Edmond and 300 cities in North America. Traffic Counts – 4-way counts in a 24-hour period are available for intersections within the Edmond city limits.

Edmond Economic Incentive Policy

Edmond Economic Incentive Policy Application

 

Program Requirements:    1.   Eligible types of CDBG loans include the following:          a)   Fixed assets loans for the acquisition and/or improvement of land, building, machinery and equipment                including new construction or renovation of existing facilities, demolition and site preparation (not to                exceed the life of the asset).          b)   Working capital loans for the start-up of new businesses or conduct of current business.    2.   Each loan should produce at least one (1) new or retained permanent, full-time equivalent job for each          $9,000 of CDBG money.    3.   At minimum, at least 51% of the permanent, full-time equivalent employment opportunities created or          retained must be made available to persons from low/moderate income households. (Guidelines provided)    4.   For every dollar of CDBG funds included as part of the financing package, at least $1 of other funds must be          injected into that project. Private sector dollars may include banks, savings and loans, state or federal loan          programs, etc.    5.   No applicant will be denied a loan on the basis of race, color, national origin, religion, age, disability or sex.    6.   The program must be assured that required financing is not available through other sources and that without          CDBG program involvement, the project will not proceed and employment opportunities will not be created          or retained as planned. This assurance will be obtained through credit analysis of the applicant's financial          capacity.

Edmond Futures: The Edmond Futures program is an independent non-profit organization funded by local businesses and professionals whose goal is economic vitality and stability in Edmond. Edmond Futures provides new businesses assistance in an effort to recruit new employers to the City of Edmond. Edmond Futures is a potential lender for firms important to the Edmond economy or who might not qualify for other local funding resources.

 

For more information on these resources, visit www.eeda.com or contact the EEDA at (405) 340-0116.

The EEDA can customize any service to a particular business. We are here to help and would be happy to meet with potential businesses to better determine how we can further assist.