Manufacturers and exporters in the Sooner State are set to benefit from the recent passage of the $1.1 trillion omnibus budget agreement passed on Dec. 18, 2015. As noted in an editorial in the Tulsa World, the U.S. Army Corps of Engineers will receive a $1.2 billion budget increase, some of which may be used to upgrade the McClellan-Kerr Arkansas River Navigation System, of which the Port of Catoosa is the terminal.
As the piece notes, “Over the years, a $150 million public investment at the port has been leveraged to attract more than $1 billion in private investment. Along the waterway, in Oklahoma alone, more than $5 billion in private money has been invested. Employment tops 8,000.”
To read the full editorial, please visit the Tulsa World.