PartnerTulsa Releases Inaugural 2021 Annual Report; City of Tulsa Celebrates $275 Million in New Investments During Organization’s First Year

9/20/2022

Today, PartnerTulsa released its inaugural annual report – a report that reflects the shared accomplishments the organization and the City of Tulsa were able to achieve under the organization’s first year of operation.

One of the most notable accomplishments highlighted in the report includes the celebration of $275 million in new investments that were made in Tulsa during the organization’s first year of operation from July 1, 2021, to June 30, 2022.

“Globally competitive, world-class cities are stronger when they leverage talent and work together,” Mayor G.T. Bynum, who is also the chair for the Authority, said. “This organization’s first year in operation has proven that our ambitious plans to put previously siloed City of Tulsa authorities and commissions under one roof have made it easier for people to invest in our city, as well as created better outcomes because of our shared vision for economic opportunity for all Tulsans.”

Some notable output measures accomplished in the first year include:

• $51 million total direct investments
• $10 million in revolving loan repayments supporting Downtown housing
• $1.6 million invested in workforce development
• $1.06 million invested in affordable housing
• 958 jobs created
• 545 housing units in the pipeline
• 130 businesses reached through retention and expansion efforts

“PartnerTulsa’s mission of increasing economic opportunity is one which takes the collective effort, creativity, and tireless work of countless partners across the city,” said Kian Kamas, Executive Director or PartnerTulsa. “The impact highlighted in this inaugural Annual Report is only possible through cooperative work – whether with the City, neighborhood leaders, private developers, civic and business leaders, or others. Our team is honored to have the opportunity to lead this work and looks forward to sharing progress made on Tulsa’s economic and community development strategy as we continue to advance this work.”

A few other accomplishments made in the first year also include:

• In partnership with the City of Tulsa, led the planning and development process for the Kirkpatrick Heights-Greenwood Master Plan
• Announced selection of Team Alchemy to lead the redevelopment of historic Evans-Fintube site in Greenwood
• Utilized the City of Tulsa’s Retail Incentive Program to provide funding for infrastructure improvements related to the buildout of Tulsa’s 2nd Costco location coming to North Tulsa
• Selected as 1 of 60 cities to receive an EDA Build Back Better Regional Challenge Phase 1 Grant of $500,000, and one of 21 cities to receive a $39 million Phase II grant in early September 2022.

For more information on PartnerTulsa and to see the full annual report, visit www.PartnerTulsa.org.

About PartnerTulsa

PartnerTulsa is the City of Tulsa’s economic development Authority that streamlines and strengthens Tulsa’s economic development efforts through the merging of the Mayor’s Office of Economic Development (MOED), Tulsa Industrial Authority (TIA), Tulsa Parking Authority (TPA), and Economic Development Commission (EDC) into a single, enhanced Public Trust. Partner Tulsa (aka TAEO) is governed by a thirteen (13) member Board of Trustees and provides staffing for and oversees the operations of the Tulsa Development Authority (TDA). For more information about PartnerTulsa, visit www.PartnerTulsa.org.

About the City of Tulsa
The City of Tulsa serves more than 400,000 residents with approximately 3,700 public servants on staff. In addition to public safety, the City of Tulsa provides clean and safe drinking water to Tulsa residents and surrounding communities, manages more than 1,700 arterial street lane miles, operates refuse and recycling in addition to a mulch site, manages a 311 call center for citizen needs, and more. The City of Tulsa operates under a strong mayor form of government with a nine-member City Council. G.T. Bynum is the current mayor - the 40th in Tulsa’s history. For more information about the City of Tulsa and its Authorities Boards and Commissions, visit www.cityoftulsa.org/abcs. For more information about joining the City’s team, visit www.cityoftulsa.org/jobs.