Oklahoma City leaders have approved $7.2 million in economic incentives for two businesses to create more than 1,300 new jobs in the area.
The Oklahoma City Economic Development Trust decided Wednesday that the city can begin negotiations with Boeing Co. and Paycom Software Inc.
The Oklahoman reports the group gave the green light for $6 million in economic development incentives for Boeing. The aerospace company is expected to bring about 900 jobs, including engineering positions, to the city from other states.
The Economic Development Trust also said negotiations can begin with Paycom for $1.2 million in incentive money. The company plans to hire more than 420 workers, construct a $14 million building and spend $2 million on new equipment at its existing headquarters in Oklahoma City.
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