City, economic groups plan to pour $4 million into new Greenwood entrepreneurial services
27 May 2021
The city of Tulsa, Tulsa Economic Development Corporation (TEDC) and Tulsa Development Authority (TDA) announced plans to provide $4 million to support the Greenwood Entrepreneurship Incubator @ Moton (GEIM) in north Tulsa.
The Tulsa City Council is expected to vote on the budget amendment authorizing the expenditure at its regular meeting Wednesday.
The $4 million budget amendment will include $2.5 million to redevelop the historic Morton Health Center (later renamed to Morton Comprehensive Health Services) at Pine Street and North Greenwood Avenue into an incubator space and $500,000 to support the launch of MORTAR Tulsa, a 15-week TEDC accelerator course where entrepreneur cohorts develop ideas into businesses.
The amendment also will include $1 million to seed the Build Tulsa Fund, a pool of financial resources for businesses participating in GEIM, MORTAR, and other programs for under-resourced entrepreneurs building in north Tulsa.