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County Approves $143,000 For Economic Development

 

March 25, 2021

The Pottawatomie County Commissioners approved three economic development recommendations during their Monday meeting, totaling $143,600.

These expenditures will be paid out of the county's economic development fund, which is money intended to aid local economic growth, and is dispensed at the discretion of the county commissioners. All requests for access to such funds must be made by an economic development group, or a municipality, according to the applications presented during the meeting.

All three of the requests considered Monday, for Indaco Metals, ITOT Inc., and the Oklahoma Army Reserve National Guard, were presented by Shawnee Forward. Each of the recommendations was considered separately, but all were approved unanimously by the commissioners.

Indaco Metals received the largest portion of economic development funds approved on Monday, with a $100,000 recommendation to the board. The company seeks to expand their production line to include new products, which will require an expansion of their existing facility. The expansion is projected to create jobs worth $400,000 in annual wages, and increase county tax revenues by $48,175 per year, according to the application presented to the board.

The second largest of Monday's recommendations was for the Oklahoma Army Reserve National Guard. According to the application, OARNG has outgrown its Shawnee facility, and is looking to move to a new facility on Shawnee Airport grounds. Although the application submitted did not include the same details as the other two, the project does include an estimated investment by OARNG of between $15 million and $18 million.

Receiving the smallest portion of the economic development funds distributed Monday was ITOT Inc. ITOT Inc. was founded by Brandon Mansur and Rick and Cindy Stiles. The company has designed a new type of trigger-guard for firearms, and was requesting $10,000 to get the product to the marketplace.

But the commissioners didn't just spend money this week; they also brought some additional funds in. Several disposal resolutions for the sheriff's office were approved, allowing the sale of six county vehicles. The sale of the six vehicles will return a total of $22,900 to the county, with all six vehicles selling for between $3,300 and $4,100.

The vehicles were all 2013 model year or older, with the oldest being a 1999 Ford RCV Ambulance.

 

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