#TheGoodStuff: Growing Private Investment

The City of Chickasha started offering a Downtown Grant back in 2019. An expired economic development sales tax had generated funds that provided incentives to the property owners to fix up their buildings. This was the beginning of the Downtown Revitalization. The free market system with no incentives produced no results in 30 years, it was time to try something else.
The incentive was set up on a rebate program, so the property owner had to spend the money first and then turn in receipts in order to receive the grant. For every $3 dollars spent by the property owner, they would get $1 refunded back as long as the building produced a retail business that generated sale tax. This purpose of the grant was to stimulate private investment, but sales tax was a good by-product.
The Grant was overseen by the EDC and thirteen different buildings addresses received grants. The buildings were renovated all along Chickasha avenue because the tax that funded this had those specific borders. The results were outstanding! Approximately $1.5 million dollars created almost $5.5 Million in private investment from the grant. BUT…over $7 Million more was spent by the private sector because of the very visible improvements in Downtown. For a detailed breakdown of this, please see the Chickasha EDC Facebook page.


I spent 18 years working in Bricktown and saw the impact MAPS had on OKC. The goal with their one cent sales tax was to invest in quality of life infrastructure in hopes that would stimulate private investment. It worked so well that OKC hosted peer city visits from all over the country trying to understand MAPS. The OKC Chamber frequently touts the success of MAPS and how it has transformed and grown OKC. Our Downtown Grant is certainly no MAPS, but results are right before your eyes when you drive down Chickasha avenue. Chickasha was recently listed as one of the Top 9 most hospitable towns in Oklahoma by World Atlas. The picture they showed of Chickasha was our Downtown. City leaders vision to create the Downtown grant six years ago…that’s definitely #TheGoodStuff!









