Oklahoma Department of Commerce
“Oklahoma’s central location, skilled workforce, and access to renewable energy are bringing unprecedented interest in the state for business relocation and expansion. With consistent growth in aerospace, advanced manufacturing, and our focus on an all-of-the-above energy policy, we know Oklahoma will continue to see impressive growth.”
— Jennifer Springer, Director of Business Development,
Oklahoma Department of Commerce
FAST FACTS
Population (July 2022 est.): 4,019,800¹
Largest Cities (2020): Oklahoma City (682,760); Tulsa (412,629); Norman (127,321); Broken Arrow (114,024); Edmond (94,740)¹
Real GDP (2022): $191.4 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
TARGETED GROWTH SECTORS
Aerospace & Defense: Home to the largest Department of Defense air depot and commercial airline Maintenance, Repair and Overhaul facility in the world, Oklahoma has more than 1,100 aerospace entities, including manufacturers, MRO, research and development, military, and others.
Automotive: Oklahoma is ideally situated to meet the needs of original equipment manufacturer and auto parts manufacturers, both in terms of its central location, low costs, and availability of workers with required technical skillsets. The state’s vast renewable energy resources is a key selling point for automotive and other industries.
Manufacturing: Oklahoma’s central location in the continental United States and multi-modal transportation system with inland ports, three Class 1 railroads, and major interstates; ensure supplies get in and products reach customers, all at lower costs. From food processing and aerospace to pipe & plastics, thousands of manufacturing companies have found success in Oklahoma.
TOP PROJECTS
COMPANY | CITY | INVESTMENT |
3Sun USA, LLC | Inola | $1.8 billion |
Dobson Technologies, Inc. | Oklahoma City | $736 million |
Raytheon Technologies Corporation | Oklahoma City | $255 million |
Locke Supply Co. | Oklahoma City | $131 million |
Halo Industries, Inc. | Tulsa | $98 million |
INFRASTRUCTURE SUPPORT
Supporting Industrial Transformation and Economic Success (SITES) Program: In February 2023, the Commerce Department unveiled the new Supporting Industrial Transformation and Economic Success (SITES) program, which aims to address statewide site infrastructure needs to meet the demand of existing businesses and new companies considering a location in Oklahoma.
TOP BUSINESS FACILITIES RANKINGS
#3 Wind Power (Installed MW) | 2023 State Rankings |
Top 10 Film & Television | 2023 State Rankings |
#1 Most Affordable (Small; Under 50K Pop.): Muskogee | 2023 Metro Rankings |
#3 Most Affordable (Small; Under 50K Pop.): Ponca Citye | 2023 Metro Rankings |
#3 Most Affordable (Over 500K Pop.): Oklahoma City | 2023 Metro Rankings |
Top 5 Industrial Parks: MidAmerica Industrial Park (Pryor) | 2023 Metro Rankings |
Top 5 Most Affordable (Mid-Sized; Over 50K Pop.): Lawton | 2023 Metro Rankings |
LATEST NEWS
Oklahoma Sees ‘Tremendous Growth’ In New, Existing Companies
Two economic development programs awarded a combined $13.5 million to more than 175 businesses in 2023 alone, according to the Oklahoma Department of Commerce.
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