|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||3||$2,550,000|
For most of the 20th century, the nickname "Oil Capital of the World" was a tremendous source of pride for the people of Tulsa. The city was one of the most important hubs for the American oil industry, but Tulsa’s economic reliance on the oil and gas industry has left the city vulnerable. Not only has the drop in fuel prices damaged Northeast Oklahoma’s economy, the changes in the industry have been a major factor in job loss.
In 2014, EDA invested $1.9 million to support roadway improvements in its unincorporated area. This ongoing project will expand current infrastructure by adding new roadway and widening existing streets to accommodate increased traffic from new businesses in the area. The roadway improvements will encourage companies to build in the area, improving the economic conditions of Tulsa County residents. The project is projected to create 1,020 jobs and leverage $160 million in private investment.