DOING BUSINESS IN OKLAHOMA

Oklahoma Department of Commerce
405-815-5158
www.okcommerce.gov

Doing business in OklahomaOklahoma’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
Doing business in Oklahoma
Oklahoma is among the Top 5 states for wind power. (Photo: 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

From the July / August 2023 issue of Business Facilities

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