- Total project budget: $71 million
- Budget items: Henrietta B. Foster Center for Northeast Small Business Development and Entrepreneurship ($15 million), connectivity in and around the Innovation District ($25 million), innovation hall ($10 million), operating fund ($21 million).
- Presentation and video from Aug. 6. (NOTE: Budget numbers and other details in presentations and videos from this summer are different than those proposed in the MAPS 4 package.)
MAPS 4 will help transform our entrepreneurial ecosystem by making investments in the Innovation District in near northeast Oklahoma City. This $71 million allocation will create jobs and encourage more diversification of our City’s economy.
First, $15 million is for the creation of the Henrietta B. Foster Center for Northeast Small Business Development and Entrepreneurship, to specifically include minority small and disadvantaged businesses.
Second, $25 million is for creating better connectivity in and around the Innovation District. A $10 million allocation is available to match $10 million raised from non-MAPS sources for an “Innovation Hall” to serve as a central place where activities to grow our city’s innovation economy can be facilitated. Activities could include learning academies like coding training for all ages; versatile space for meetings and events related to innovation and entrepreneurship; and pop-up spaces for entrepreneurs to showcase new ideas and build connections. Finally, a $21 million operating fund will help with the operations of the Foster Center and the Innovation Hall.