Oklahoma City approves incentives for Dell center
Wednesday, November 3rd 2004, 9:55 am
By: News On 6
OKLAHOMA CITY (AP) _ The Oklahoma City Council has approved $17.25-million in incentives to lure a Dell sales and service center to the city.
Yesterday's council vote will give the Round Rock, Texas-based computer manufacturer one-thousand dollars for each full-time employee it hires. The Oklahoma City center is expected to create 3,000 jobs.
The city also will provide $11.75-million for the company to build a new 120,000-square-foot campus along the Oklahoma River south of downtown.
The money will pay for utility relocation, road improvement, drainage and fencing. The city will hold a mortgage to the land that is being donated to Dell, requiring the center to remain open for five years.
A tax increment financing district has been proposed to help pay for the improvements.