Newspaper article THE JOURNAL RECORD

City Committee for Economic Action Subcommittees Formed

Newspaper article THE JOURNAL RECORD

City Committee for Economic Action Subcommittees Formed

Article excerpt

Formation of four subcommittees to explore ways to enhance the city's economic development was announced at Wednesday's initial meeting of the Oklahoma City Committee for Economic Action.

According to attorney V. Burns Hargis, chairman of the committee, the four subcommittees will include:

- Finance, chaired by Tiana Douglas, to investigate the possible usage of venture capital to bring new industry to Oklahoma City, as well as to help existing businesses. Douglas is executive director the Oklahoma City Urban Renewal Authority.

- Legislation, chaired by Clay Bennett of Public Supply Co., to catalogue state laws which have either a positive or negative effect on business, and also to investigate legislation pertaining to business existing in other states.

- Marketing, chaired by Mike Woelffer, to look at effective marketing strategies for new and expanding industries as well as compile a list of Oklahoma City's assets in relation to attracting new business. Woelffer is director of economic development for the Oklahoma City Chamber of Commerce.

- Public support, chaired by Oklahoma City Manager Terry Childers, to determine ways in which city, county and state governments can more effectively aid new and expanding business when they seek building permits, zoning and other items necessary to build a new operation or expand their existing facilities.

Committee members will be able to choose which subcommittee they would like to join, and also make recommendations about other areas which they feel the committee should address.

Hargis said he is determined that the committee make a positive impact in the retention of existing jobs and creation of future jobs for the economic good of the community. …

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