Oklahoma City is considering giving $2 million in job creation incentives to the heavy equipment manufacturer Terex Corp. for creating more than 1,500 jobs in Oklahoma City over the next four years.
Westport, Connecticut-based Terex said last week that it would invest $40 million to expand its facilities in Oklahoma City and create 1,526 new jobs here.
The addition of new manufacturing jobs to Oklahoma City will help diversify the local economy, said Kurt Foreman, executive vice president for economic development for the Greater Oklahoma City Chamber, which helped to secure Terex’s expansion plans.
“Manufacturing jobs are very sought after in many parts of the country,” Foreman said. “Historically, manufacturing jobs tend to pay above average and they usually involve benefits. Many parts of the country will compete fiercely for manufacturing opportunities like this.”
