About PCDA
The Ponca City Development Authority (PCDA) is a Public Trust, incorporated in the State of Oklahoma The Trust was formed on July 1, 2003 to benefit Ponca City, an incoporated Oklahoma city. The specific actions, responsibilities and organizations framework are documented in the Authority's Trust Indenture.
PCDA is funded by a one half cent sales tax measure approved by the voters of Ponca City in 1994 and extended in October, 2003. This measure is set to expire on December 31, 2008, unless extended by the voters. The responsibility for seeking an extension rests with the City Commission of Ponca City. The City of Ponca City also collects the funds and disburses them to PCDA on a monthly basis.
The Authority is governed by a seven member board of trustees, as set forth in the Trust Indenture. The Trustees are appointed by the City Commission and act independently with the authority to assign and otherwise expend the public and private funds controlled by the PCDA.
The Authority currently employs four people with a physical office under lease in the Ponca City Chamber of Commerce building. In addition, the Authority holds leases for the purposes of leasing back to job producing companies, as wel as ownership of real estate in two buildings. PCDA is the only economic development office in Oklahoma to have two Certified Economic Developers (CEcD) on staff.