This month, Oklahoma City has announced two major developments new to OKC, both of which were made possible by strategic economic incentives . The Oklahoma City Council approved incentive packages for both Scheels , a new sporting goods superstore, and a new Hapco Pole Products manufacturing facility. While these developments may not appear to have much in common, they share an important thread of economic opportunity.
Last week, the Oklahoma City Council approved an $8 million pay-for-performance incentive to help bring a $100 million Scheels store to northwest Oklahoma City. The new superstore is expected to provide more than 200 full-time jobs as well as over 300 part-time positions, with an estimated annual payroll of between $15 and $16 million.
This new retailer will of