2026-10-27 - Oklahoma City Economic Development Trust

02:02Mhm.

02:12>> Good afternoon and welcome to the

02:14Oklahoma City Economic Development Trust

02:16meeting of October 27th, 2026. We'll

02:19call the meeting to order. Item two on

02:21the agenda is the approval of minutes.

02:24We'll need a motion and a second.

02:30We have a motion.

02:31>> I'm going to second. I'm going to

02:32second.

02:34>> And a second. Please vote.

02:38>> Yes.

02:40>> We approve.

02:41>> All right. The item is passed.

02:43Brings us to item three, the

02:45ratification of Oklahoma City Economic

02:47Development Trust claims.

02:50We can take a motion and a second on

02:51those as well.

02:52>> So moved.

02:56>> All right. Cast votes if you're able.

02:59Yes.

03:04All right. The item is passed.

03:07Brings us to items for individual

03:08consideration. Item 4A is the Oklahoma

03:11City Economic Development Trust regular

03:13meeting schedule for 2027. Mr. Rick

03:16Badd.

03:17>> [snorts]

03:19>> I don't have any comments. This is just

03:21the annual adoption of our meeting

03:23schedule which keeps it

03:25very similar to what we had this this

03:26current fiscal year.

03:29>> Excellent.

03:30All right. Can we get a motion?

03:33And a second.

03:34>> Second.

03:36>> All those in favor.

03:38>> Yes.

03:41>> All right.

03:42Item A is passed. Item 4B

03:45is a resolution of the Oklahoma City

03:47Economic Development Trust approving

03:49minor amendment number eight to the

03:51amended and restated Downtown MAPS

03:53Economic Development Project Plan. Mr.

03:56Suttle.

03:57>> Thank you, Mr. Chairman. So this really

03:58this is there's two um

04:01main items on this minor uh amendment

04:04and as a reminder there are things if

04:06it's less than a 5% change uh that this

04:09body can just adopt those minor

04:11amendments and uh

04:13the main one is there's an increase of

04:1515 million in the other public

04:17development category

04:19taking that from 49 million to 64

04:22million.

04:23Really that's because there's a couple

04:24of different infrastructure projects

04:26that the city is going to have coming

04:28down the pipeline. So one of them we'll

04:30talk about today. There's a bridge

04:32project. The other is going to be some

04:34other infrastructure things in and

04:36around the um

04:38multi-purpose stadium that had been

04:40uh had started the process and it's at

04:42the TIF review committee stage. You'll

04:44be coming to this body probably next

04:47month we think but we're

04:49we need to make this amendment. So again

04:51this is just changing the budget

04:53categories, amending that upward to

04:56provide for the the expenditure of some

04:58of those funds and um you know this is

05:00something I would say too just as the

05:02downtown you know TIF 2 comes to a close

05:05that's trying to make some decisions

05:06about how to spend some of those funds

05:08that's why we're

05:09need to add some to some of those

05:10categories. The other one was the last

05:13time we did this amendment there's a

05:14scrivener's error where we had uh also

05:18raised that category. So just we're

05:20pointing out that this looks like a

05:22bigger than 15 million dollar increase

05:25but there was a scrivener's error last

05:26time that it should have said we were

05:28going from 45 to 49. This was on the

05:31last amendment and instead it got put in

05:33as 40 to 44. So this is just fixing that

05:37scrivener's error and then adding the

05:38additional.

05:40So be happy to answer any other

05:41questions.

05:44>> Any questions? No. All right, we can

05:46take a motion.

05:48>> Second.

05:52>> Please vote.

05:54>> Yes.

05:57>> All right, the item is passed.

06:00Item 4C is a joint resolution with the

06:02city of Oklahoma City approving an

06:04allocation not to exceed 2.1 million

06:07from

06:08tax increment district number two

06:11other public

06:13development city only the budget

06:14category to the city of Oklahoma City

06:16for a pedestrian bridge to be

06:18constructed across Northeast E.K.

06:20Gaylord

06:23Boulevard mid-block between West Main

06:25and Robert S. Kerr Avenue.

06:28>> Thank you, Mr. Chairman. So, yeah, this

06:29is kind of what I was referencing in the

06:31earlier item. This is a partial funding

06:34of the bridge project to go across

06:37Gaylord Boulevard. Frank Manning with

06:39Public Works is here. He's going to give

06:41a short presentation

06:43with some renderings and things on what

06:44this would look like. Frank?

06:47>> Good afternoon, Chairman and committee

06:49members. Frank Manning, Public Works

06:51Department.

06:53The E.K. Gaylord Boulevard pedestrian

06:56bridge is currently under bid right now.

06:59In fact, the last time I think we spoke,

07:02we had bid package one go out. That was

07:03November 13th.

07:05Bid package two went out today. So,

07:10we're actually out on the market. So,

07:13the construction should begin January.

07:17We should be started somewhere around

07:19January and it should last till

07:21September.

07:23As you can see, this is an aerial view

07:25of it kind of looking northwest.

07:28You can kind of see that where it's

07:30reaching in across the street into the

07:33Santa Fe garage.

07:37The construction budget is 5.8 million.

07:40The total budget will be 7.6 million. It

07:43is a CMAR project and again, the two big

07:46packages have gone out and bids to be

07:49received in December.

07:52This is a view looking northwest again.

07:59And then go ahead and show the next

08:01slide. It's this is looking straight

08:02north. You can kind of see where that's

08:04going to bridge across the road.

08:07Um, the glass

08:10is going to be an open-air type

08:13atmosphere to where it's uh going to be

08:15easier to maintain, low maintenance.

08:20And on this one you can see the elevator

08:23structure on the east side of the

08:25building. That's about a

08:27the the footprint of that is going to be

08:30about 17 by 30.

08:32It will have a stairwell on the north

08:35end of it there.

08:37And uh again, that's pretty much it.

08:43>> Any questions?

08:45>> Yes.

08:48>> Looks cool.

08:50Why do we have to have it?

08:52>> Well, this will allow for either

08:54inclement weather or heavy traffic

08:57periods. I know

08:59um most people have tried to travel up

09:01and down E.K. Gaylord during the rush

09:04hour and it's near impossible. This

09:06would allow for easy access to get

09:08across to and from

09:11depending on which way you're going, but

09:13yeah, when E.K. Gaylord is busy, it's

09:15it's very difficult to actually cross.

09:18So, this would

09:19>> in and say I think this is one that has

09:21been in the works for some number of

09:23years, even back when I used to work for

09:25the city and I think it was part of

09:27discussion with you know, there's some

09:28major employers there like with Bank

09:30First and there's a private garage being

09:33constructed over on the other side. I

09:35think you could see from that previous

09:36aerial that there's kind of a covered

09:39walkway from that to get to

09:41the underpass, you know, under the

09:44railroad, but then from there it was

09:47to Frank's point, you've got to wait and

09:49you know, wait for traffic to clear,

09:51which is a pretty busy, you know, uh

09:53street right there. So, it was really

09:55trying to provide that connection for uh

09:58a lot of the employees on that side of

10:00town to be able to get across protected

10:02into the Santa Fe so they can get into

10:04their other

10:05>> you know.

10:06>> Yeah, there was a lot of discussion on

10:07this and it all revolved around the new

10:10parking garage,

10:12the weather, and and we have the

10:14railroads there and had to deal with it

10:16in this fashion. So, we had to do some

10:19different designs than we originally

10:20anticipated from what I was told.

10:23>> It's Craig.

10:24>> Yeah, I'm not questioning it. I just was

10:26wanting the reasons behind so

10:28everybody's on the same page.

10:30>> New parking garage.

10:32>> Yeah, but the concept. Thank you.

10:34That can accommodate pickup trucks.

10:36Okay, thank you. [laughter]

10:38>> Thank you, Mr. Manny.

10:40All right, we can take a motion

10:43on

10:45We have a motion.

10:49In a second.

10:54And the item is passed.

10:57Brings us to item 4D, economic

11:00development agreement with AVSOAR

11:02Holding LLC for assistance in the

11:04development financing not to exceed

11:07660,000

11:08in support of the

11:10Ava 2.0 project, which consists of the

11:13construction of new housing units in

11:16midtown.

11:18>> Thank you, Mr. Chairman. So, this is a

11:20project you saw a presentation on it's

11:22been quite a while back, but this is

11:24just the economic development agreement.

11:26It's pretty typical. Again, it's 26

11:28units. This is

11:29one of the projects that's in our new

11:31class and TIF, but it's actually kind of

11:34over in the midtown area. So, this is

11:37just the EDA and again, it's the the

11:40660,000 is a you know, they pay it in

11:43and receive portions back over time. Um

11:47but otherwise, pretty typical.

11:50>> Any questions?

11:51Nope. All right, we can take a motion on

11:54item 4D as well.

11:58Have a motion and a second.

12:02And item 4D is passed. Brings us to item

12:054E is to receive the Oklahoma City

12:07Economic Development Foundation fiscal

12:10year 2027 first quarter report.

12:13>> Uh Dennis Purifoy with the Greater

12:15Oklahoma City Chamber is here to give

12:17the report.

12:19>> Good afternoon. Thank you for this

12:21opportunity. It's been a really good

12:23quarter and I'd like to share some

12:25highlights with you. There are several

12:27slides and we can go through them at a a

12:29decent pace, I hope, but uh just to

12:31highlight our three primary developments

12:33over the last quarter. One, increased

12:36involvement with our existing companies.

12:38Two, strong project activity. And three,

12:40strong international relationship

12:42development.

12:44Oh, I hit something. How did I do that?

12:46Did I do that, Jennifer?

12:47Yeah, thank you. We had three project

12:49wins. Uh one requested to remain

12:52anonymous at this point. They should be

12:54making a announcement in either January

12:57or December of this year.

12:59Uh but it's an aerospace-related

13:01project. Uh

13:02NextEra Nova is a company that makes

13:04solar cells and then NorthTech is

13:07providing cooling solutions to the data

13:09center industry.

13:12Uh well, there they are. Um

13:14okay, next one.

13:16Uh

13:17strong project activity. We had 37 new

13:19projects come in over the last 3 months.

13:22Um our goal is 45 new projects a month.

13:25I mean, excuse me, a quarter. And you'll

13:27see here that almost 75% of our projects

13:30are related to manufacturing. That does

13:32include aerospace, which is our

13:34strongest sector, aerospace and defense

13:36technologies. So, we're seeing a lot of

13:38activity there.

13:39Uh site visits, we

13:42it considers leading indicators of

13:44project activity whether we're going to

13:45get a win. We've had seven uh unique

13:48visits and then we had four that were

13:51repeat visits, bringing it to 11. Uh the

13:53negotiations are meaning that we're in

13:55the prospect of negotiating an incentive

13:57offer for the company. So, it's a good

13:59activity.

14:00Our calendar year tracks very closely

14:03with your fiscal year. So, this is uh

14:05for us, it's the the

14:082026 data. Uh but we are where we need

14:11to be on job creation. We are very far

14:15beyond where we need to be on capital

14:17investment and taxes. Salaries are a

14:19little bit lower than where our goal is,

14:22but we're 90% of where we targeted that.

14:25The reason that we're seeing such high

14:27capital investment it tracks with other

14:29national projects where companies are

14:32doing more investment on machinery and

14:33equipment and hiring fewer jobs. That's

14:36pretty standard across the nation. Next,

14:38please.

14:40Uh

14:41as I've said from day one that we our

14:43top focus is taking care of our existing

14:45companies and we have doubled our staff.

14:47We have Spencer Carter has joined Eric

14:50Williams. They have conducted 53 calls.

14:54Those are pretty well spread out and

14:56we've had the majority of our wins have

14:58been through our expansion of our local

15:00companies and so that's a positive sign

15:03for us. We continue to be aggressive on

15:05recruitment, but what's carrying us

15:07right now for our wins are our existing

15:10companies. Next, please.

15:13This is a new initiative that we

15:14launched earlier this year is how do we

15:16provide a forum and opportunity for

15:18manufacturers to get together. We

15:20noticed at the Chamber of Commerce we

15:22had a lot of

15:23um

15:24white collar events where we had

15:25professionals getting together, but we

15:27didn't have anything really

15:28targeted to our manufacturing companies

15:31and so we've partnered with with um

15:33uh

15:34uh

15:35Oklahoma Manufacturing Alliance, Francis

15:37Tuttle, and we've had three forums this

15:40year already. We try to do those on a

15:42quarterly basis. The first one was on a

15:44state incentive, the second one was on

15:45AI and manufacturing, and the third was

15:48more of a Oklahoma Manufacturing

15:50Alliance resources that are available.

15:52And attendance has gone up each one. I

15:55think we had about 125 people show up

15:57and we continue to gain popularity with

15:59this manufacturing round table

16:01discussion.

16:02Next.

16:04International. We've had a lot of

16:05activity since we last met. We went to

16:08the Farnborough Air Show in the United

16:10Kingdom. We did sign that memorandum of

16:12understanding with Taiwan

16:15and we did a follow-up visit to them in

16:17September as well as called on a

16:19prospect and an existing company in

16:22Japan on our way over there. We've

16:24hosted delegations from Brazil, Korea,

16:28and then just went and then in Mexico as

16:31well.

16:32Just this month we and it'll be in next

16:34quarter's report will be we hosted an

16:36aerospace delegation from Spain and we

16:37just got back from Mexico City last

16:39week. But there you see the governor's

16:41involvement with with with international

16:43engagement. I should hasten to add that

16:45when we talk about these activities,

16:47whether it's

16:48existing companies or our business

16:50recruitment, it is a team sport. We

16:53benefit from a strong 10-county region.

16:55We benefit from our university partners,

16:57from the Oklahoma Department of

16:58Commerce,

17:00the Alliance and others. So it's it's in

17:02the city. So we're really dependent upon

17:04a great ecosystem. So I don't want to

17:06pretend that this is all the chamber.

17:07But these are

17:09this international relationship is

17:10something that we're really driving hard

17:12and we're seeing the fruits of that.

17:14Next, please.

17:16This is the Speaking of the Department

17:18of Commerce, they've opened up a

17:19regional trade office in Taiwan

17:21that in theory will cover Japan and

17:23Korea. We hosted their their new

17:25director here in Oklahoma City and had a

17:28presentation and we did a follow-up

17:29visit to them in September. Next,

17:32please.

17:33Here's a slide from the

17:35very nice delegation from Oklahoma. This

17:37is existing companies as well as our

17:39university partners, the Oklahoma

17:41Department of Commerce, the Lieutenant

17:42Governor, all there to promote a unified

17:46statewide front of aerospace for

17:48Oklahoma. So Oklahoma City joined a

17:50statewide initiative.

17:51Next.

17:53Life science is a is a key sector for us

17:55as well. We had a bio showcase. We had a

17:58reception. We've done more on the

18:00marketing side. We've engaged a

18:02consultant to help us with some

18:04podcasts. So how are we engaging social

18:06media to raise the profile of life

18:08sciences?

18:11Western strategy, this is a new one for

18:13us, relatively new. I've worked with few

18:16of the people around this table on this

18:17this initiative. We see so much

18:20potential given the tourism activity

18:23that's taking place, the history of

18:25Oklahoma City with equine and and

18:27cattle. Uh it just makes perfect sense

18:30for us, and so we are doing more to be

18:33proactive in attracting associations.

18:35We've attracted three this year, Red

18:37Angus, American Wagyu, and the Appaloosa

18:39Horse Club. Uh we do we're doing more

18:41with the Cattlemen's Association. Uh we

18:44have more associations that we want to

18:45attract, and then we we're seeing

18:47activity on the manufacturing side as

18:49well, and we've supported the shows that

18:51come into town. You're seeing more

18:53crossover between tourism and economic

18:55development when it comes to the sector.

18:57I don't know if you ever follow me on

18:58LinkedIn, but I just put something up on

18:59the Morgan Horse Show. Uh so there's

19:01just a lot going on in Oklahoma City,

19:03and it just makes perfect sense for us

19:04to lean into this.

19:07We're working with the city on a couple

19:09of initiatives, the Meridian Corridor

19:11and the downtown strategic plan. Uh

19:13Tammy Fate from our team is leading

19:15those efforts. And then we're doing a

19:17lot more with the Tinker Air Force Base.

19:19Uh this is we've always had a strong

19:20relationship with them, but we haven't

19:22been as

19:23as engaged as we probably could have

19:25been. And so we're seeing how we can

19:27support them both at a hard and soft

19:29level. Hard meaning infrastructure

19:31improvements, uh base improvements, but

19:34then on the soft side, how can we help

19:35them show our appreciation to our men

19:37and women that are serving our country,

19:39whether that's through community

19:40engagement or helping them with

19:42interviews, or helping them with with

19:44with uh any type of

19:47civilian transition that they need. So

19:48what how can we be the best partner that

19:50we can be? In fact, uh two of our

19:52colleagues are at the at an event in

19:54Florida today uh with the American

19:57Community Defense Association, and

20:00they're figuring out how we can be

20:01better as um our strengthen our learning

20:04best practices from other military

20:06installation communities on how we can

20:07do a better job supporting Tinker and

20:09Mike Monroney, I should hasten to add.

20:11Next, please.

20:13Uh our research team is is always trying

20:16to figure out how we can use data to

20:18tell our story better. And these are

20:20just a couple of three of the events

20:21that they've supported. It does not

20:22include uh the ongoing work that they do

20:25on projects and and running cost-benefit

20:28analysis for incentive proposals, but

20:29these are some of the outward-facing

20:31events that they support.

20:34This is not my slide. It Well,

20:36technically it is my slide. This is not

20:38my data. This is from our marketing team

20:40and I just wanted It's part of our

20:42contract. I wanted to share that with

20:43you.

20:45The numbers look good to me, but I I

20:47confess that I can't explain them other

20:49than I know that we have

20:50increased our staff of marketing. We're

20:52doing more on social media. There's a a

20:55rebrand that's taking place to make a

20:56consistent message on Oklahoma City and

20:59that will be rolled out in the first

21:01quarter of '27, I believe. Next.

21:05Thank you for your support. We really

21:07rely on the city on a daily basis. We we

21:10appreciate the support that you've given

21:12us.

21:13I look forward to your feedback, your

21:14advice. I'm happy to meet with any of

21:16you individually to to gain your advice.

21:19We want to be the best chamber that we

21:21can and we can't do that without strong

21:22support from our public partners. So,

21:24thank you very much.

21:26>> Thank you.

21:27Any questions? Yeah, go ahead.

21:29>> Dennis, appreciate the fact that

21:31economic development is a full circle,

21:34right? And appreciate the business

21:35retention. The existing businesses need

21:38the love just as much as attracting

21:40others to our market, both domestically

21:43and from abroad. So, thank you for

21:46having a whole perspective.

21:48>> Well, well, thank you. We we have so

21:49much to get done.

21:51We're blessed with really strong

21:52companies and we want to help them grow

21:55as much as they possibly can and we're

21:56finding connections

21:58through these um

22:00group meetings that we're having where

22:01people are finding, "Oh, I didn't know

22:03you supplied that product." So, the more

22:04that we're out there, the more that

22:05we're bringing people together, we think

22:07that that will continue to grow and be

22:08successful. But, thank you.

22:11>> I really like what you're doing with the

22:12manufacturers, meeting with them and

22:14bringing them together as a group with

22:16the Manufacturers Alliance. Tell me

22:18again, how often are they meeting and

22:19where are they meeting and would it be

22:21possible for some of the city folks,

22:23whether it be on the council or

22:25otherwise, to attend those meetings,

22:26too.

22:27>> We would love to have you there. They

22:28are It's It's It was an ad hoc idea. We

22:31tried Let's try it once and see how that

22:33goes. It's been more successful than we

22:35thought it would be.

22:36Uh it's been quarterly so far. Uh the

22:39next meeting uh we are I guess

22:41I probably shouldn't say this publicly,

22:42but I will. Uh we're going to have it at

22:44the the Thunder uh and they're they're

22:46going to open up their court to us. And

22:48so, we're going to have a big day there

22:49for It's going to be less of a content

22:51and more of a uh bonding exercise. And

22:54so, we're excited about that

22:55opportunity.

22:57Um Francis Tuttle has been so far

23:00hosting us at the Rockwell campus. We've

23:02been careful to make sure that we're

23:04aligning with the Oklahoma Manufacturing

23:06Alliance. Uh we really want to stay in

23:07our lane and then maximize the resources

23:10of our partners, so that's why we're

23:11doing that. Um but yeah, the next next

23:14thing will be at the Thunder uh Coliseum

23:16and then we'll get you uh you're you're

23:18always welcome to come, sir.

23:19>> Yeah,

23:20Todd and I would love to go.

23:22>> [laughter]

23:23>> Here.

23:25>> I already got

23:26another person.

23:27>> We We are We are

23:29It's been one of those things where it's

23:30an idea that took off and now we need to

23:32figure out how we can really uh

23:34structure that. We're looking at ways to

23:36even increase it. Uh more to come on

23:39that, sir.

23:39>> Right. Thank you.

23:41Thank you, sir.

23:43All right. Let's go ahead and take a

23:44motion to second on receiving the

23:48uh foundation quarterly report.

23:52We have a motion and a second. Please

23:53vote.

23:56The item's passed.

23:58Item 4F on the agenda is to receive the

24:00annual report from the Oklahoma City

24:02Economic Development Foundation relating

24:04to the Oklahoma City Film and Creative

24:06Industries Office for the period ending

24:09June 30th of 2026.

24:12Simpson.

24:13>> Good afternoon. Jill Simpson, executive

24:15director of the Oklahoma City Film and

24:17Creative Industries Office.

24:19And I am making a report on the fiscal

24:22year, but I also want the opportunity to

24:24have a little bit of a conversation

24:26about what's going on in the industry,

24:27which is really exciting.

24:29So, the first slide um

24:32if we can advance it.

24:35Uh it's basically this is a lay of the

24:37land, which you pretty much know all

24:39these details of how we were

24:41established. We're now starting our uh

24:45fourth year. So, we're into a new

24:47contract. The first 3 years were spent

24:49establishing the office, getting it up

24:51and running, and getting the rebate

24:53program up and running. We're now past

24:55that.

24:57Down the road

24:58have a highly successful

25:00popular program and are looking at ways

25:02to put more structure under that and

25:05develop ways to develop the workforce

25:09and education opportunities in the

25:11metro. Um the key to our success is the

25:145 to 10% cash rebate that the Oklahoma

25:17City

25:18uh city and the trust offer and that's

25:20stackable with the state rebate. I

25:23service a seven-county area as far as

25:25labor goes, which is Canadian,

25:27Cleveland, Grady, Lincoln, Logan,

25:29McClain, and Oklahoma. And we cast a

25:32wide net, so we have a bigger crew base

25:34to offer a film like Copperhead when

25:36they come to town. Next slide.

25:39Um these are just some statistics on the

25:41state level, which I find to be

25:43incredibly impressive. They're based on

25:45an economic impact study that my office

25:48and the Tulsa office and the Cherokee

25:50Nation commissioned in the beginning of

25:522025.

25:54Um the state of Oklahoma has risen uh in

25:58the last few years to number 18 among

26:02the states that offer incentives, which

26:04I believe there are now 43 that offer

26:06incentives, and we are up from number 26

26:10uh prior to this economic impact study.

26:14We have 56.2%

26:17employment growth. We have 169%

26:20total compensation growth.

26:23And our total wage surge is 135%.

26:27Um incentivized spending FY21 through 23

26:31in the state was 484 million and that's

26:36direct dollars.

26:37A 46% increase in film and TV

26:40establishments, which is a really great

26:42statistic and a 49% increase in

26:45employment. The average annual salary

26:49per worker in Oklahoma in 2024 is

26:52$120,300.

26:55Next slide, please. These are just a

26:57couple of slides showing you the breadth

27:00of the film productions that have shot

27:01in Oklahoma City over the years.

27:03It needs to be updated after this year

27:05to include 10 to 12 more projects. You

27:07can keep going.

27:10One more.

27:13So, these are the numbers for Oklahoma

27:14City and these are very compelling. So

27:18far, I've brought you projects that have

27:21applied for the Oklahoma City rebate and

27:23we have pre-qualified a total of $4

27:26million of our $8 million

27:28rebate program.

27:30For that first $4 million in commitment,

27:33for excuse me, 372.8

27:36million in total economic impact has

27:39been or will be experienced, which is a

27:4293 to one return on investment. So, what

27:47that means is that we've had 18

27:49productions pre-qualified

27:52and the 126 days of filming was for

27:56Twisters alone. I'm going to be updating

27:59ways that I measure the days of filming,

28:02the hotel nights and

28:05the MSA hires for each and every

28:08project. Um

28:12for these numbers, the direct spend was

28:14$104 million. So, we've got $4 million

28:17committed in rebate, $104 plus million

28:21in rebate

28:23in direct expenditure and 372.8

28:27in economic impact. That is a really

28:29good return on investment.

28:31Next slide.

28:33Um last year was not a great year.

28:362020

28:38uh, five, the calendar actually, fiscal

28:41year 2026 which was July 1st of 25

28:44through June 30th 2026

28:47was slow across the board.

28:49Um, the US had two labor strikes back in

28:522023

28:55and their full effect wasn't completely

28:58felt until a few years later when we saw

29:01studios taking most of their productions

29:03overseas where they don't have to pay

29:06fringe or health pension and welfare

29:10like they do in the US.

29:12So, Oklahoma City was slow last year. We

29:14only had two rebate applications

29:16and broken down by category as you see

29:19our total

29:20fiscal impact, total direct spend was

29:2311,201,637.

29:26Next slide, please.

29:28The good news is we are on track so far

29:32to double that this fiscal year. Whereas

29:34I had two applications last year, I've

29:37had 10 so far this year.

29:39And it is busy in Oklahoma City as you

29:41probably seen on the news.

29:43If you could

29:44This is the number of the films that

29:47have applied in FY

29:50uh, in calendar year 26 so far. The

29:52numbers at the bottom are the running

29:55tallies.

29:56So, those are the numbers I cited

29:57earlier of 106 million in direct

30:00expenditures

30:02for a roughly $4 million rebate rebate

30:04that equals 372 million plus in economic

30:08impact.

30:09If you could advance it.

30:11Um, this shows the outreach of the

30:14office in the last fiscal year.

30:17I'm constantly reaching out to the

30:19industry, going to events in Los

30:21Angeles. Uh, we hosted several events in

30:24uh, the last fiscal year.

30:26Uh, we sponsor festivals here, film day

30:30at the state capital, the Oklahoma City

30:32Motion Picture Alliance and that really

30:34nets results of people wanting to come

30:36in and either set up shop for their

30:39company or film their projects here.

30:42Next slide.

30:44So, what have we been doing lately?

30:46Um you may have seen on the news that

30:48Jason Momoa is in town and it's all over

30:51social media and um

30:55artificial intelligence has put him just

30:57about everywhere on the map in downtown

30:59Oklahoma City. And unfortunately, he

31:02hasn't been to all those places, but he

31:04has been a lot of different spot to lot

31:06of different spots.

31:08Um

31:09we'll be hosting you Monday at a set

31:11visit. I'm really looking forward to

31:12that. He will be working and

31:15rain may impact the schedule, so I will

31:18be back in touch with you later in the

31:20week to confirm where and what time.

31:23Copperhead is spending roughly 39.5

31:27million in Oklahoma City over a short

31:30period of time. I spent a lot of time on

31:32the phone over the weekend with the

31:34producer who's originally from Oklahoma

31:37talking to me about another film that

31:38they're interested in bringing here.

31:40Another star-studded

31:42action film. This would not be the whole

31:44film, but a piece of it. So, that is

31:46really exciting, too. Um we recently had

31:50the film Hot Year filming here directed

31:53and written by Roxy Sorkin, the daughter

31:55of Aaron Sorkin who did The West Wing,

31:58and they shot around Oklahoma City in

32:01the middle of the heat in the summer, so

32:03the title was very appropriate. Um we

32:06also had Craig Kilborn, the former talk

32:08show host and podcaster, who wrote and

32:12directed The Life Golden, which was set

32:14exclusively in Beverly Hills, but they

32:16filmed it in Oklahoma City.

32:18He is very active on social media

32:20talking about how much he liked it here,

32:22our restaurants, our hotels, our people,

32:25and that buys a lot of uh free

32:28publicity, and he wants to bring more

32:30projects here.

32:32Next slide, please.

32:34We also this week had two films start

32:38uh actually on November 19th, so a week

32:40ago, Pipe Cleaner Boy, which is a road

32:43movie, started filming starring Abigail

32:45Breslin, Yasmin Kassim, and Booboo

32:48Stewart. And His Heart, which is

32:53a production schedule split between

32:55Buenos Aires, Argentina, and Oklahoma

32:58City. It's faith-based, and it's filming

33:01We have three films going right now. So,

33:03it's very busy in the city.

33:05Bad Boy is a large film that could shoot

33:08here in the spring that's based on an

33:10award-winning

33:12Blacklist

33:15screenplay award

33:17Basically, the Blacklist is an award

33:20given out by screenwriters to their

33:22peers, and it won the award in 2023. So,

33:25we're hoping that comes together.

33:29And we've got two partial series

33:32circling right now, which is

33:34This is unprecedented that we have this

33:36much work right now and potential for

33:38more work. AMC is planning to do a

33:41remake

33:43The Grapes of Wrath.

33:44So, they began talking to us over the

33:46summer. They're also looking at New

33:48Mexico and possibly Texas, but we are so

33:51hoping that they will set the project

33:54here where it really belongs. We have so

33:56many resources with our natural history

33:58museum,

33:59and

34:01you know, the people that

34:02our our ancestors that lived through it

34:05who, you know, I tried to share that

34:06with the executive. This is close to our

34:08heart. HBO

34:10is looking to film six episodes of a

34:13series that is also filming in New York

34:15right now,

34:17and they're looking at us in New Mexico.

34:19So,

34:20there's a lot of competition right now.

34:24So, why Oklahoma City and why now? Um

34:29the industry has shifted dramatically,

34:31as we've talked about before. Technology

34:34is more

34:36it's lower cost, easier to get your

34:38hands on.

34:39Um

34:41the cost of doing business and the cost

34:43of setting up shop here is less

34:44expensive, which makes us really

34:46attractive

34:47to both the outside industry and those

34:49wanting to do business here.

34:51So,

34:53um

34:53my phone is ringing off the hook. I had

34:55three calls before 9:00 this morning.

34:58It's like the publicity begets more

35:01interest and more attention. When things

35:02are slow in Los Angeles, the filmmakers

35:05there are paying attention to what

35:06they're seeing is going on here.

35:09I can't really

35:11definit- definitively pinpoint one

35:14aspect of why we're successful. I think

35:16it's a lot of things.

35:18Um we're friendly.

35:20We make doing business here easy. I got

35:23a compliment on our police department

35:25over the weekend from the Copperhead

35:27producer saying that his assistant

35:29directors were commenting, "I can't

35:31believe how well they do their job, and

35:34this is the way it should always be." It

35:36often isn't in a big city.

35:38So, we have a lot to be proud of. It's

35:41our the Oklahoma City standard. We make

35:43them feel comfortable. We offer white

35:45glove customer service. We administer

35:48our rebate programs really well, making

35:50them want to come back. So, it's a

35:52moment in time where we've worked for

35:54years to get here,

35:57and it's starting to pay off in a really

35:58big way. So, a lot of these things that

36:01I've listed here are important. You

36:04know, we have 350 days of sunshine. We

36:06have direct flights. Uh low cost of

36:09doing business. High quality of life.

36:12They come in and they start looking at

36:13housing prices, and guess what? They're

36:15interested in maybe living here

36:16part-time.

36:18And we have great a great film festival

36:20in dead center, and some really great

36:22training programs including OCCC. Next

36:25slide.

36:27Um and my office I see is the connective

36:30tissue. I'm the air traffic con-

36:32controller trying to keep all the pieces

36:34moving and everybody going in the same

36:36direction. The next slide.

36:39We have great facilities from Apex Post,

36:41which is a Dolby Atmos mixing room that

36:44we're very proud of.

36:46Um All Sweet just went away sadly, but

36:48they're still working in the industry.

36:51Boiling Point Media

36:52is still around doing uh digital

36:54animation, digital visual effects.

36:57Filmmakers Ranch is now expanding into

37:00AI as well as traditional production.

37:03And they have standing sets including

37:05saloons, um hospital rooms, high school

37:09hallways. How many of you have been out

37:11there?

37:13Okay. Cuz if I need to line up another

37:15visit, I am happy to do that to show you

37:18everything they offer. And then One Set

37:21Studio in downtown Oklahoma City also

37:23has a virtual wall and they do a lot of

37:25production there.

37:27Next slide.

37:29So, one exciting thing that is tied to

37:31my strategic plan, which I think you

37:33received, is really focusing on

37:36education and workforce. And how can we

37:41check the boxes to make sure that we're

37:43offering

37:44the curriculum for our students to

37:47succeed and then the pipeline to jobs.

37:51Well, fortunately, the Chamber of

37:52Commerce is leaning into this, too. And

37:55they started a program uh earlier this

37:58year that they have

38:01titled Talent OKC. They hired

38:04consultants um

38:07Civic Lab out of Florida.

38:09And Civic Lab hosted several workshops

38:11over the summer where different sectors

38:14of the workforce in Oklahoma City could

38:16convene groups to talk about their

38:19needs. And I I um convened a group

38:22around film and media.

38:24And we can go to the next slide.

38:27My group is my office, the Oklahoma City

38:29Community College Digital Cinema

38:31Program,

38:32the University of Oklahoma Gaylord

38:34College of Journalism and Mass

38:35Communications, Dead Center Film

38:38Festival University, Oklahoma City

38:40Public Schools that offers a uh high

38:42school training program,

38:44and and

38:45Family Fund. And we just had our first

38:48follow-up meeting, and I really feel

38:50like this is a group that can grow and

38:53get some traction because we have tried

38:55to do this for 20 years, and efforts

38:58would start, then they would stop. But I

39:01think that there is enough structure

39:03around what we're trying to do, and

39:06getting stakeholders from the training

39:08programs in to work with us. One of the

39:11first things we're going to do is gap

39:12map.

39:14Where do we have programs? What are they

39:15teaching? Where are the gaps of what we

39:17don't have that we need to add? Uh same

39:20thing with the job market. What are the

39:22Copperheads of the world and the other

39:24productions telling me that they haven't

39:26been able to find here? The ultimate

39:28goal with all of this is to create a

39:30self-sustaining industry, grow jobs,

39:33grow quality jobs that pay well, and

39:37grow facilities. And with an average pay

39:40of 120,000,

39:42I think we need to look at that.

39:44The other thing I'll leave you with is

39:45that this is an industry, if you think

39:48of a big circle and well-paying jobs is

39:50in the middle, there are like five

39:52different entry points to come into this

39:54industry. You can come from high school,

39:57you can come from career tech, you can

40:00come from a two-year program at OCCC or

40:03smaller college, or you can come from OU

40:05OU. You can be formerly incarcerated.

40:08You can be

40:10um

40:10former military. There's so many

40:12opportunities to train and retrain

40:14people

40:16into these quality jobs. So, it's it's

40:19an industry that I'm very bullish on,

40:22more so than ever.

40:26So, that's that's it. Can I answer

40:29anybody's questions?

40:30>> [clears throat]

40:31>> Any questions? Go ahead.

40:34>> Jeanne, I want to commend you on the

40:35strategic plan. Uh it was very well

40:38done, and the difficulty in a creative

40:41industry is to show the economic impact

40:45and the business acumen that goes into

40:48an industry, and you really capture that

40:50in your description, your vision, and

40:52and the possibilities, and even in

40:55today's presentation, I've never seen it

40:58done as well as you've done this this

41:00time. And it's just it gives people

41:04aspirations and what the possibilities

41:06are and if we're on everybody's radar

41:08now, there's a reason and you've worked

41:11very hard to make that happen. And

41:13Oklahoma City should be number one in

41:15this state for attracting this industry.

41:18>> Yeah, the other thing I'd say is the

41:20buzz this week, I've never seen it like

41:23this before. People talking about what's

41:25going on in the film industry and you

41:27should be very proud of that. It's you

41:29accomplished that and thank you.

41:31>> Thank you and they're very happy. That's

41:33what makes me happy. They're they're

41:34loving it here. So, thank you for your

41:37support as always.

41:39>> Thank you, Ms. Simpson.

41:41All right, we can take a motion on item

41:434F.

41:45Do we see it?

41:47We have a motion and a second.

41:53And the item is passed. Brings us to

41:56item five on the agenda, the general

41:57manager report, Ms. McSpadden.

42:00>> Yes, good afternoon.

42:02Uh just a couple of high-level points.

42:05So, primary activity in the last couple

42:08of months has been with our annual

42:09contracts, getting those set up, paying

42:12some initial quarterly quarter one

42:14bills, setting up payments for debt

42:16payment debts service in the couple of

42:17TIFs and then you will see increased

42:20encumbrances in TIF two and TIF 13 for

42:23the multi-purpose stadium, which we

42:27started seeing some activity on. This

42:28was the 30 million that we allocated a

42:31year ago. They're starting to set up POs

42:33for that. So, happy to answer questions

42:35if you have any.

42:38>> Nope.

42:39All right, thank you.

42:40>> Thank you.

42:41>> All right, any comments from staff?

42:45No?

42:47Any comments from trustees?

42:50No?

42:51Any citizens signed up speak?

42:53All right, we're adjourned. Thank you.

42:55>> Thank you.

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