By John Dobberstein, Editor
The city has approved a development agreement with incentives to assist a manufacturer planning a major expansion of its facility in Broken Arrow.
Solar Turbines submitted an incentive application to assist in a 38,000-square-foot expansion to allow for additional production capacity.
Solar Turbines provides energy solutions, specializing in gas turbine systems for power generation, oil, and gas industries, and offers services like equipment upgrades, installation, and lifecycle support. The expansion will require a $32 million capital investment and will create an additional 52 new full-time jobs.
The Broken Arrow City Council on Tuesday approved an incentive package using proceeds from a 1% economic development fee collected on Public Service Co. of Oklahoma bills.
In 2023, Broken Arrow voters approved a 25-year renewal of the city’s franchise with PSO. As part of the franchise agreement, PSO collects a 2% franchise fee and a newly established 1% economic development fee, to be used as a fund for, “essential services and future prosperity.”
The incentive paid by the Broken Arrow Economic Development Authority to the company will be for a new full-time job created at a total Annualized Gross Wage of $58,500 or more.
Once 10 additional new full-time jobs are created and filled, the company will be eligible for payments of $2,000 to $5,000 per job based on the level of pay compared to the Tulsa County average wage of $57,241. The Broken Arrow EDA’s total maximum incentive obligation to the company under the agreement is capped at $580,000.
The incentive application was reviewed by the Broken Arrow EDC, which includes members of city leadership, staff and board members from the EDC.
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