AT&T Looks For Incentives To Bring Jobs To OK
AT&T negotiates with Oklahoma City for job creation incentives
By Brianna Bailey
AT&T is seeking $350,000 in job creation incentives from Oklahoma City to bring about 140 new positions to the city over the next three to five years.
The amount of job creation incentives that Oklahoma City will give AT&T is calculated by how much money the company invests in the city and its employees, said Cathy O’Connor, president of the Alliance for Economic Development of Oklahoma City, who oversees many of the city’s economic development programs.
By the city’s calculations, the new jobs AT&T is bringing to Oklahoma City will have a $51 million economic impact on the city over the next five years.
“The amount of money is a function of the wages the company pays and whether or not they are making any capital investment in the city,” O’Connor said. “We use a model that calculates what the return on investment is for the taxes that they generate.”