Oklahoma to Use $10 Million to Boost Investment, Innovation
The state Department of Commerce will allocate funds to support existing manufacturers’ projects that are innovative, bolster a product’s supply chain or target new markets, in an effort to diversify the state’s economy.
Dale Denwalt, The Oklahoman
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April 9, 2021
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(TNS) — As Oklahoma continues its march out of the economically disastrous COVID-19 pandemic, the state Department of Commerce is setting aside $10 million for existing manufacturers to spur investment and innovation.
The Oklahoma Innovation Expansion Program is designed to support high-impact, new capital investment across a broad range of industries to help diversify the state's economy, lead to new product development and increase capacity, the department said.