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HOT HEADLINES
City Council approves OSBI land purchase
A $950,000 plan to buy 6 acres of property along Second Street for a proposed OSBI Forensics Lab was recently approved by a 4-1 Edmond City Council vote. A year ago the council spent $743,000 for 5 acres next door to the Ramada Plaza Hotel, which also is across the street from the University of Central Oklahoma campus. The proposal calls for the Oklahoma State Bureau of Investigation to provide $500,000, UCO to give $250,000 and the city another $200,000 for the 6 acres. When the first 5 acres was purchased, the city and UCO heralded the plan with the OSBI as a way to bring national attention to Edmond as well as UCO's criminal justice program. This will be the main laboratory for the OSBI's investigations in addition to serving as a learning lab for UCO students. Officials said this will be a premier facility of its type in the nation. City Attorney Steve Murdock said the finalization of the purchase and agreements may not happen until late fall. Courtesy of The Edmond Sun, July 13, 2004.
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IT BYTES
Pinnacle buys Omaha-based Kalos division
In an acquisition expected to strengthen offerings to existing customers and its Midwest market share; Edmond-based Pinnacle Business Systems announced today that it has purchased The Kalos Group's hardware and hardware services business division for an undisclosed sum. Pinnacle, with offices throughout Texas and Oklahoma, is an IBM Premier Business Partner that offers a full range of products and services including: iSeries, pSeries, xSeries, Storage, Software and Intel. Courtesy of Edmond Life & Leisure, July 22, 2004.
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THE BUSINESS BEAT
Canadian firms to use Airgo products
Edmond-based Airgo Systems will supply commercial tire monitoring, maintenance and inflation systems to two Canadian companies. Wildcat Transportation will outfit its fleet of long-haul, freight trailers with the Airgo tire inflation system. Advance Engineered Products will include the Airgo System as an option on its trailers. Wildcat Transportation's fleet, based in Calgary, Alberta, uses low-profile tires and installed its first Airgo System in November and completed rigorous use of the systems through Canada's harsh winter conditions. Advance Engineered Products is Canada's largest manufacturer of tank trucks and trailers. Courtesy of The Journal Record, July 20, 2004.
Douglas to serve as EEDA board chairman
Patrice Dills Douglas was recently elected the new chair of the board of trustees for the Edmond Economic Development Authority. She will now take her energy and passion for Edmond and utilize it to work for even greater success in the city’s business climate. She has two main goals for the city’s economy — to focus on business retention and to “start talking with companies with high paying jobs that will fit Edmond’s lifestyle,” she said. Courtesy of The Edmond Sun, July 14, 2004.
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New Edmond market head named for MidFirst Bank
MidFirst Bank recently announced the appointment of John W. Osborne as Edmond market president. Osborne has been a first vice president at MidFirst since 1996, serving as director of retail banking and most recently as director of business banking. As president of the Edmond market, Osborne will be responsible for all commercial services. MidFirst has three full-service banking centers in Edmond, at Danforth and Kelly, 15th and North Santa Fe, and Danforth and Bryant. Courtesy of Edmond Life & Leisure, July 22, 2004.
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www.edmondsun.com
DOWNTOWN DISPATCH
Redeveloping downtown around the trees
For downtown Edmond business owners, the one thing that may be considered as lovely as a tree is a steady flow of customers during the extensive streetscape renovation currently under way. Downtown Edmond is known for its trees, which are given special prominence in the new streetscape design. But the most important component of the construction process is coordination with local business owners, according to the project designers and city officials. Furthermore, a group of business owners have created an ongoing promotion to ensure that customers will continue to visit those businesses affected by the construction. Courtesy of The Journal Record, July 15, 2004.
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REAL ESTATE UPDATE
July Commercial Real Estate Transactions
Click here to view Edmond area commercial real estate transactions from July 1-15, 2004. Courtesy of Edmond Life & Leisure, July 22, 2004.
June Commercial Building Permits
Click here for a list of commercial building permits from the City of Edmond for the month of June. Courtesy of Edmond Life & Leisure, July 15, 2004.
STOCK TICKER
Edmond area investment opportunities
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