New Pioneer: Commerce Announces $14 Million Investment in 177 Oklahoma Companies

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June 2024

Announcement Oklahoma

Commerce Announces $14 Million Investment in 177 Oklahoma Companies

During application period for the Oklahoma Innovation Expansion Program, Commerce received 205 applications from Oklahoma companies. Of those, 180 projects at 177 companies were approved to receive awards ranging from $25,000 to $150,000 with the total awards funding reaching just over $14.06 million.

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Railroad Boosts Shipping Capabilities and Drives Economic Development at Tulsa Port of Inola

Tulsa Port Authority leaders and state officials gathered to dedicate the Verdigris Southern Railroad, a new 4.4-mile railroad connecting the Tulsa Port of Inola to the Union Pacific railroad. 

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Jay Celebrates New Industrial Park to Support New Business and Expansion

The Jay Industrial Authority recently celebrated the ribbon cutting for a new business industrial park. The development of the site is supported by a $1.43 million investment from the Progressing Rural Economic Prosperity Fund awarded by the Oklahoma Department of Commerce.

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City of Norman Achieves Oklahoma Film Friendly Certification

The Oklahoma Film + Music Office (OF+MO), in conjunction with VisitNorman and the City of Norman, is proud to announce the city has achieved Film Friendly Certification after completing the requirements for OF+MO’s Oklahoma Film Friendly Community Program.

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WindShape, OSU and UCAR Announce Collaboration

WindShape Inc., together with Oklahoma State University (OSU) and the University Corporation for Atmospheric Research (UCAR), have announced a new Memorandum of Understanding (MOU) establishing a partnership in the fields of Unmanned Aircraft Systems (UAS) and Advanced Aerial Mobility (AAM).

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Love Bottling Company Breaks Ground on Warehouse Expansion

Love Bottling Co., based in Muskogee, recently broke ground on a 32,000-square-foot warehouse expansion at its South 24th Street headquarters. This new expansion will provide additional product storage space and additional loading docks.

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Valco Receives Prestigious Lockheed Martin Supplier Award

Valco is proud to announce it has been awarded the prestigious Lockheed Martin F-35 Mission Focused Supplier Award for 2023. This award recognizes Valco’s exceptional performance and dedication to supporting the F-35 program.

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Consolidated Annual Performance Evaluation Report and the Performance Evaluation Report

A copy of the 2023 Consolidated Annual Performance Evaluation Report (CAPER) and the Performance and Evaluation Report (PER) is posted online for public review. HUD Grantees use the CAPER/PER to report on accomplishments and progress toward the state's Consolidated Plan goals. The Consolidated Plan is designed to help local jurisdictions assess their affordable housing and community development needs and market conditions to make data-driven, place-based investment decisions.

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Webco Celebrates Opening of Leadership Campus

Webco Industries celebrated the first building on its F. W. Weber Leadership Campus. The 77,000-square-foot facility will house the company’s leadership and IT team along with Webco Tech Center, which is responsible for research and development, advanced testing, prototyping, and metallurgical problem-solving.

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