For Immediate Release: May 29, 2003

Senator
Jonathan Nichols
Legislature Gives Final Approval for International Trade Center Bill
The
creation of an international trade center in Oklahoma is one step closer
to becoming a reality. On Thursday, the House of Representatives joined
the Senate in giving final legislative approval to Senate Bill 439.
Senator Jonathan Nichols
is principal author of the measure, which was co-authored by Representative
Billy Mitchell.
Senator Nichols called the International Trade Processing Center one
of the most important economic development projects for Oklahoma in
years.
“I cannot emphasize enough what a powerful economic development
tool this will be for our state. Studies done by the Oklahoma City Chamber
of Commerce predict the center will employ over two thousand people
at peak operation. But it also will be a tremendous boost for our small
businesses by giving them a direct link to the international market.
That means the potential for job creation is actually far greater than
those created at the center itself,” said Nichols, R-Norman.
Once completed, the Oklahoma International Trade Processing Center would
provide transportation facilities, warehousing, and light industry tailored
especially for international trade. The center would also include a
state of the art electronic system for monitoring international shipments
- a measure which will enhance national security.
Lastly, the center will include a business services system offering
specialized information and research capabilities tailored especially
for international trade.
According to a reported issued by the Center for Economic and Business
Development at Southwestern Oklahoma State University, the international
trade center would have significant impact on job, population and income
growth by the year 2013. Among the findings the study projected as a
result of the center:
•
Employment to be 2,723 jobs higher by 2013
• State population to increase by 1,601
• Disposable personal income to be $213.2 million higher
• Gross State Product to be $288.8 million higher
• State Output to be $584.8 million higher
“The center will likely be located somewhere in the Cleveland
and McClain County area because it will give the facility easy access
to both major interstates and an international airport. But the economic
benefits will be enjoyed by the entire state,” said Representative
Mitchell, D-Lindsay.
Senate President Pro Tempore Cal
Hobson noted the measure had bipartisan authorship as well as overwhelming
bipartisan support in the Legislature.
“It was obvious to all of us that SB 439 is tremendously important
in terms of job creation and a broader revenue base that will ultimately
benefit every single citizen of Oklahoma for years to come,” said
Hobson, D-Lexington.
SB 439 now goes to Governor Brad
Henry for his consideration.
For more information, contact:
Senate
Communications Division
- (405) 521-5774
