Retail is an economic driver of communities – from the development and purchase of real estate to job creation and the increase in sales tax revenue.
In the Oklahoma City metro area, restaurants and grocery retailers alone generate nearly $4 billion in sales each year. That revenue translates into jobs, recurring spending and increased sales tax revenue, which keeps our city healthy and thriving. The majority of Oklahoma City’s general fund is dependent on sales tax revenue. It’s how we fund core services such as police, fire, street repair, parks and public transit.
One of the best ways for us to connect face-to-face with developers, retailers, hoteliers, restaurateurs and entertainment brokers and recruit them to Oklahoma City is the annual International Council of Shopping Centers’ global retail real estate convention in Las Vegas. Known as RECon, it is the world’s largest retail real estate convention.
Read the full article in The Journal Record