Capital Formation, Strategy for Marketing State Needed

By Wolfe, Lou Anne | THE JOURNAL RECORD, September 11, 1991 | Go to article overview
Save to active project

Capital Formation, Strategy for Marketing State Needed


By Lou Anne Wolfe Journal Record Staff Reporter TULSA _ Oklahoma is one of the most competitive states for economic development, but attention needs to be given to capital formation, a marketing strategy and rural development, Oklahoma Commerce Secretary Greg Main said Tuesday.

Main, who was appointed 90 days ago by Gov. David Walters, made his remarks at the 1992 Business Legislation Forum of the Oklahoma State Chamber of Commerce & Industry in Tulsa.

Evidence that Oklahoma is competitive is the fact that it's the only state that is a finalist in competition for both a $1 billion United Airlines maintenance facility and a McDonnell Douglas Corp. facility, he said.

"I can't say that we're in the midst of a boom, but I can see fairly steady growth" that should increase as the national recession diminishes, said Main, formerly a deputy director of the Michigan Department of Commerce.

"I hope we can establish the kinds of development that will move us closer to the national average in per-capita income," one of Oklahoma's weak spots, he said.

Touring the state, Main said he was impressed by the business community's confidence in its ability to compete, and the positive attitude of business owners.

For the immediate future, Main said there's a need in Oklahoma for ways of raising funds for business growth and local infrastructure needs.

"Despite what are some fairly far-reaching and innovative approaches to building capital, we haven't really made them work the way they need to work," he said.

Consolidation of the administration of the Oklahoma Development Finance Authority and the Oklahoma Industrial Finance Authority should help, he said.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Capital Formation, Strategy for Marketing State Needed


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?