The Edmond Sun

May 25, 2012

Official: Aerospace incentives benefit Edmond

Steve Hendrickson
The Edmond Sun

Tulsa — To the Editor:

In recent months, some at the state Capitol and out on the campaign trial  have questioned the economic stimulus seen in Oklahoma as a result of state tax incentives meant to attract new high-paying jobs to Oklahoma in the aerospace industry. As chairman of The State Chamber’s Aerospace Committee, I can tell you with authority that in fact, the incentives have benefited the state of Oklahoma, and the City of Edmond specifically, more than those credits cost the state.

Last year, Boeing announced the relocation of 550 high-paying jobs from California to Oklahoma. Have no doubt that many of those relocating have looked or will be looking at Edmond as a potential place to live and raise their family. These California transplants will buy homes in Edmond, shop in Edmond stores, send their children to Edmond schools and drive on Edmond roads. They will become invested in their new community, and Edmond will be the better for it.

It is easy to dismiss tax incentives as a corporate handout without knowing all the facts. But I have seen the effects of these credits play out in real life business decisions, and I can say the economic packages offered in varying states do matter when it comes to the relocation and retention of jobs and investment. We want these high-paying aerospace jobs here in Oklahoma. We want the people relocating to choose Edmond to put down roots. Without the aerospace tax incentive, that wouldn’t be possible.

 

Steve Hendrickson

Tulsa