Amended Costco Deal Approved By City Council

By Steve LackmeyerBusiness writerslackmeyer@oklahoman.comA deal that expands potential hiring at a Costco operations center while dropping average pay was approved by the Oklahoma City Council after hearing the new pay will still provide a livable wage along with benefits. The original proposal, approved both by the Oklahoma City Economic Development Trust and the Oklahoma City Council, provides $3 million in incentives to Costco in exchange for creating an operations center employing 1,044 people with average annual wages totaling $60,000 in three years. The amendment increases the hiring to 1,503 jobs over five to seven years, with about 1,000 to still be hired within the first three years.Read more on NewsOK.com

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