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incentives
Housing development
Economic Development Incentives
The Ponca City Development Authority (PCDA) is dedicated to fostering economic growth by providing targeted incentives that encourage business expansion, job creation, and community development. These incentives, made possible through public tax dollars, are carefully allocated to ensure a lasting economic impact on Ponca City. Incentives are awarded on a case-by-case basis and are subject to approval by the PCDA Board of Trustees. PCDA prioritizes investments that bring new capital into the community and create sustainable, high-quality jobs.
Industry Incentives
PCDA provides tailored support to businesses in qualifying industries that contribute to Ponca City's economic base by exporting goods or services beyond Kay County. Incentives are designed to influence business decisions, not to serve as primary funding sources. Companies seeking incentives must demonstrate financial stability, a track record of at least three years, and the ability to create new jobs with competitive wages and benefits.
Key considerations for industry incentives include:
PCDA has an Industrial Incentive Application to streamline the process for businesses interested in applying for these incentives. Approved companies enter into a multi-year development agreement, ensuring job creation and economic growth. Businesses must provide annual documentation verifying compliance with incentive agreements.
Housing Development Incentives
Recognizing the need for expanded housing options, PCDA has committed $1 million over the next three years to support housing development in Ponca City. With only 121 new homes built over the past decade, the shortage of quality, affordable housing has impacted workforce attraction and retention.
To address this challenge, PCDA has amended its trust indenture to include housing incentives that complement the City of Ponca City's Housing Incentive Program (HIP). These funds provide additional support for developers building in the community, ensuring new housing projects can move forward efficiently.
Key aspects of the housing development incentives include:
By investing in housing, PCDA aims to enhance Ponca City’s appeal to new residents and businesses alike.
Please find the HIP application here (link to https://www.goponca.com/uploads/1/2/9/2/129209971/hip_2.0_application__1_.pdf)
Retail Incentives
While PCDA does not typically provide retail incentives, exceptions are made on a case-by-case basis for projects that significantly enhance the local economy. Retail businesses seeking incentives must demonstrate how their presence will contribute to the community, create quality jobs, and generate new revenue streams for Ponca City.
Each request for retail incentives undergoes a thorough evaluation, ensuring alignment with PCDA’s mission to stimulate economic growth. Interested businesses should contact PCDA staff to discuss potential opportunities.
Commitment to Responsible Stewardship
PCDA is committed to using public funds responsibly, ensuring that all incentives provide measurable economic benefits to Ponca City. All agreements include provisions for job creation, wage guarantees, and accountability measures to protect public investment. Businesses receiving incentives must comply with reporting requirements and meet their commitments over the duration of the agreement.
For more information on PCDA’s incentive programs or to begin the application process, please contact our office. We look forward to partnering with businesses and developers to drive economic growth and prosperity in Ponca City.
The Ponca City Development Authority (PCDA) is dedicated to fostering economic growth by providing targeted incentives that encourage business expansion, job creation, and community development. These incentives, made possible through public tax dollars, are carefully allocated to ensure a lasting economic impact on Ponca City. Incentives are awarded on a case-by-case basis and are subject to approval by the PCDA Board of Trustees. PCDA prioritizes investments that bring new capital into the community and create sustainable, high-quality jobs.
Industry Incentives
PCDA provides tailored support to businesses in qualifying industries that contribute to Ponca City's economic base by exporting goods or services beyond Kay County. Incentives are designed to influence business decisions, not to serve as primary funding sources. Companies seeking incentives must demonstrate financial stability, a track record of at least three years, and the ability to create new jobs with competitive wages and benefits.
Key considerations for industry incentives include:
- The industry type and its economic impact
- Wage levels and benefits, including healthcare coverage
- Number of jobs created
- Commitment to long-term growth in Ponca City
- Investment in building, land, equipment, machinery and technology
PCDA has an Industrial Incentive Application to streamline the process for businesses interested in applying for these incentives. Approved companies enter into a multi-year development agreement, ensuring job creation and economic growth. Businesses must provide annual documentation verifying compliance with incentive agreements.
Housing Development Incentives
Recognizing the need for expanded housing options, PCDA has committed $1 million over the next three years to support housing development in Ponca City. With only 121 new homes built over the past decade, the shortage of quality, affordable housing has impacted workforce attraction and retention.
To address this challenge, PCDA has amended its trust indenture to include housing incentives that complement the City of Ponca City's Housing Incentive Program (HIP). These funds provide additional support for developers building in the community, ensuring new housing projects can move forward efficiently.
Key aspects of the housing development incentives include:
- Financial assistance to developers constructing new housing
- Collaboration with the City’s HIP program for maximum impact
- A streamlined approval process with support from PCDA and city officials
By investing in housing, PCDA aims to enhance Ponca City’s appeal to new residents and businesses alike.
Please find the HIP application here (link to https://www.goponca.com/uploads/1/2/9/2/129209971/hip_2.0_application__1_.pdf)
Retail Incentives
While PCDA does not typically provide retail incentives, exceptions are made on a case-by-case basis for projects that significantly enhance the local economy. Retail businesses seeking incentives must demonstrate how their presence will contribute to the community, create quality jobs, and generate new revenue streams for Ponca City.
Each request for retail incentives undergoes a thorough evaluation, ensuring alignment with PCDA’s mission to stimulate economic growth. Interested businesses should contact PCDA staff to discuss potential opportunities.
Commitment to Responsible Stewardship
PCDA is committed to using public funds responsibly, ensuring that all incentives provide measurable economic benefits to Ponca City. All agreements include provisions for job creation, wage guarantees, and accountability measures to protect public investment. Businesses receiving incentives must comply with reporting requirements and meet their commitments over the duration of the agreement.
For more information on PCDA’s incentive programs or to begin the application process, please contact our office. We look forward to partnering with businesses and developers to drive economic growth and prosperity in Ponca City.
launching
We've partnered with numerous companies to showcase Ponca City as a business-friendly, inclusive, and vibrant town. Our goal is to help you discover the opportunities available here and how PCDA can support your transition. For instance, if your company manufactures a product or offers non-local services, PCDA offers some of the nation's most flexible and streamlined incentive programs, approved with a single vote from our Board of Directors. We provide information, connections, workforce resources, and more. Contact us today, and let's make your business move a reality!
