Invest in Oklahoma Board Holds Inaugural Meeting Approving Key Actions
The Invest in Oklahoma Board convened for its first official meeting, establishing leadership and approving foundational actions to guide the state’s investment program.
Board members present included Governor Kevin Stitt, Lt. Governor Matt Pinnell, State Treasurer Todd Russ, President Pro Tempore appointee Zack Hall of Perry, and Speaker appointee Brady Sidwell of Enid.
Governor Stitt opened the meeting by emphasizing the board’s responsibility to support Oklahoma businesses while safeguarding taxpayer dollars.
“This is a moment to set a strong foundation for how Oklahoma will support and grow innovative companies and investment activity right here in our state, while ensuring state dollars are invested responsibly,” Governor Stitt said. “This board plays a critical role in making sure investment decisions are disciplined, transparent, and aligned with the public interest.”
The Invest in Oklahoma program, created by the Legislature in 2021 and strengthened last session, allows a portion of certain state funds to be invested in Oklahoma-based private equity, venture capital, and related opportunities under formal board oversight.
The Governor nominated and the board elected Lt. Governor Pinnell to serve as vice-chair.
Treasurer Russ also introduced the program’s investment policy, outlining expectations for reasonable yield, safety standards, and eligible investments consistent with statutory authority, including private equity, venture capital, growth equity, and direct equity investments. The board approved the investment policy.
“This program allows us to put Oklahoma’s resources to work supporting businesses that create jobs, drive innovation, and grow our economy,” Treasurer Russ said. “Our next steps will be reviewing Oklahoma investment proposals and making thoughtful, disciplined decisions that benefit both the state and the communities these companies may serve.”
With leadership selected, a fiduciary manager approved, and an investment policy adopted, the Invest in Oklahoma Board is open and ready for business. Invest in Oklahoma will begin reviewing investment proposals under the program’s new framework during the next scheduled board meeting.
