Newspaper article THE JOURNAL RECORD
Ponca City Expects Multiplying Effect from Sensor Center
The Ponca City Development Authority has a vision - companies opening offices in the area to be near Oklahoma State University's proposed sensor testing center.
This is an opportunity to build an economic sector around a growing, knowledge-based industry that has a real potential to attract other companies to Ponca City, said Darrell Stolhand, chair of the authority.
The center could provide a $120 economic boost for the Ponca City area over the next 10 years, according to economic analysis by the authority.
The authority has approved a resolution to invest $2 million in the center over the next four years. ConocoPhillips will match the authority's donation with another $2 million.
ConocoPhillips also donated a 70,000-square-foot building in Ponca City for the University Multispectral Lab. The building will be renovated for the sensor center.
The facility will serves as a national facility for the testing of sensors and sensor technology.
This is an extraordinary opportunity with world-class partners in ConocoPhillips and Oklahoma State University, and Ponca City stands to benefit greatly from the success of the sensor testing center, said David Myers, executive director of the Ponca City Development Authority.
Initial operations at the center are expected to begin in about a year with about 15 employees, Myers said. The center is expected to be fully operational in five years and have about 80 employees.
Ponca City officials expect the center to have a multiplier effect.
We expect companies will come to Ponca City to be near the sensor center, Myers said. …