Oklahoma City Economic Development Trust - 8/18/2026

The Oklahoma City Economic Development Trust held a meeting on August 18, 2026, focusing on several procurement and economic development initiatives. Key agenda items included the approval of pay-for-performance film incentives for Project Buenoseris, allocating up to $89,986 to support local filming and crew hiring, and ratification of claims for July 2026. The Trust also approved a pay-for-performance agreement for Project Summer and authorized reimbursement payments for improvements nearing 50% completion at the National Memorial Museum. Additionally, an economic development agreement was approved with Kernney National Incorporated for incentives up to $175,000 to support job creation in aluminum light pole manufacturing. Another significant agreement involved Divein Properties LLC, with incentives not to exceed $3 million for the Gold Dome project, including a profit-sharing arrangement to potentially recover funding ahead of schedule. The meeting also featured a quarterly report from the Oklahoma City Economic Development Foundation highlighting ongoing business attraction, retention, and expansion efforts, with a strong pipeline of projects and capital investments. The general manager provided updates on fiscal year activities and upcoming debt service payments. The meeting concluded with positive remarks about the local film industry's impact on economic development and community image.