Alliance for Economic Development of Oklahoma City

About Alliance for Economic Development of Oklahoma City

The Alliance for Economic Development of Oklahoma City Inc uses public financing and redevelopment tools to shape where growth happens in Oklahoma City. Recent grant activity shows that pattern clearly: support has gone to organizations such as I2e Inc for general operations and to Regional Food Bank of Oklahoma for general operations, alongside large relief grants during the pandemic. The foundation’s work sits at the intersection of economic development, land use, incentives, workforce support, and business stabilization. It also operates through coordinated public programs, including redevelopment requests for proposals, bond coordination, tax increment financing, and C-PACE administration. That mix makes the funder different from a conventional grantmaker focused on a single program area. In the recent grants list, funding reaches both nonprofit organizations and businesses, with awards ranging from operating support to coronavirus relief. The record also shows recurring support for some recipients across different years, suggesting an ongoing relationship with selected local partners. Overall, the foundation appears to use grantmaking as one part of a broader economic development strategy rather than as a stand-alone philanthropic program.

What Alliance for Economic Development of Oklahoma City Funds

The Alliance’s program activity is centered on economic development tools tied to specific city priorities. In entrepreneurship support, it backed The Verge Entrepreneurship Hub with $115,050 for general operations and also runs the Generation Impact Business Accelerator, which provides training, mentoring, and Kiva micro-loan matching for early-stage founders in Oklahoma City. In nonprofit and small-business stabilization, it gave $560,100 to Be Your Own Boss LLC for coronavirus relief and administered the Small Business Continuity Program to help businesses and nonprofits cover payroll and basic expenses during COVID-19. It also funds redevelopment and capital formation through public mechanisms such as Requests for Proposals for land and development opportunities, Tax Increment Financing, and the City General Obligation Limited Tax Bond Program. A separate film and production incentive fund shows that the foundation also uses incentives to attract production activity to the city.

How Alliance for Economic Development of Oklahoma City Gives