August 1, 2014 – More than $61 Million Reported in Economic Impact from REI Oklahoma

REI Oklahoma has released its mid-year report on activities and economic impact from its services in 2014. The report includes the period January 1 to June 30, 2014. During this time, the economic output generated by REI Oklahoma amounts to more than $61 million and the organization has created or retained 269 jobs throughout Oklahoma. 1,058 small business owners received training or business counseling services through REI Women’s Business Center services. REI Down Payment Assistance has served as a resource for 47 homeowners and REI Business Lending has approved $6.3 million in loans, which will be leveraged with private capital to fund projects totaling more than $17 million.

 

Through its offices in Oklahoma City, Tulsa and Durant, REI Oklahoma provides capital and facilities to help Oklahomans start and expand their business, trains aspiring entrepreneurs, and helps working families buy a home.

 

“At REI Oklahoma, creating opportunity for business owners and community stakeholders is the reason we exist,” said President & CEO, Scott Dewald. “These numbers represent our ability to leverage resources useful in driving business and community growth across our state.”

 

REI Oklahoma’s mid-year impact creates an opportunity to reflect on the progress of its efforts. The organization’s economic impact demonstrates its commitment to businesses and communities across Oklahoma. While the report represents the organization’s successful ability to advance businesses and communities forward, it also serves as a tool to encourage even greater results as the year progresses. Additionally, a report of REI Oklahoma’s past achievements ensures prospective clients that they will find success when utilizing its services.

 

“Our focus at REI Oklahoma is on connecting the dots and creating economic opportunities for Oklahomans,” said Dewald. “We’re pleased to be able to provide a wide-range of services, further increasing our ability to enhance business and community growth within the state.”

 

REI Oklahoma, a non-profit economic development firm, offers services statewide. REI Business Lending collaborates closely with local lenders to help entrepreneurs navigate through business lending resources and programs. For women-owned businesses and minority-owned enterprises, REI Women’s Business Center and REI Native American Business Centers offer unique training, as well as technical assistance and access to capital. Additionally, REI Down Payment Assistance provides support to potential homeowners. REI Oklahoma leverages the New Markets Tax Credit program to attract new investments into Oklahoma and create needed jobs in underserved communities. Learn more about the organization at www.reiok.org. Follow REI Oklahoma on Facebook, Twitter and YouTube.