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The importance of retail

Posted by: Kaylee Terracina on Tuesday, May 14, 2019 at 12:00:00 am
ICSC tradeshow

Whether you consider yourself a shopping aficionado or not, there is no question that the retail offerings of a community have an impact on its quality of life. More retail means more options and – most importantly to any city in Oklahoma – more sales tax revenue to fund the city’s core services and day-to-day operations.

That’s right, shopping in Oklahoma City helps fund important stuff like police and fire, fixing streets, building sidewalks, beautifying parks, etc. While property taxes can be used to fund voter-approved bond issues for specific capital projects, Oklahoma law actually prohibits cities from levying property taxes for services. That means the more you shop in OKC, the more you help your community!

For that reason, the Greater Oklahoma City Chamber works throughout the year to recruit national, recognizable retailers to our market. One important method of doing that is by attending the International Council of Shopping Centers RECon conference each year. The Chamber, the City of Oklahoma City and other community partners use ICSC RECon to build relationships with national retailers who are looking at locating in the Oklahoma City market. Learn more about the delegation’s work at ICSC RECon on VeloCityOKC.com.

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Private comment posted on May 19, 2019 at 1:56:33 pm

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