November 2018 • President‘s Update • Project Updates & Events • Important Dates • Economic Development Briefs • New Members • Treasurer’s Monthly Report • Recent Roundtable Events • Calendar • Commerce/Workforce News President’s Update With the election of the 28th Governor of the Great State of Oklahoma, Kevin Stitt, it is time for us to come together to work with our elected officials to support the Roundtable’s mission of “Business Leadership Advancing Oklahoma’s Economy.” We are thankful for the approximately 150 businesses and organizations that are members of the Roundtable. In 1991, the Roundtable became incorporated as a 501(c)(6) nonprofit, nonpartisan corpora- tion with 7 charter members. In the first few months of operation, the number of charter members grew to 24. Members today who were founders are: American Fidelity Crowe & Dunlevy ONEOK AT&T Greater OKC Chamber of Public Service Company of Bank of America Commerce Oklahoma Bank of Oklahoma Hitachi Computer Products State Chamber of Oklahoma Blue Cross Blue Shield of OK OGE Energy Corp. Tulsa Regional Chamber In addition to these long-term supporters, the following have been Roundtable members for 20 years or more: AAON, Inc. FSB OK Finance Authorities Ackerman McQueen Helmerich & Payne Oklahoma State University American Airlines Jordan Advertising Phillips 66 Arvest Bank Journal Record Publishing Presbyterian Health Foundation The Boeing Company Love’s Travel Stops & Country University of Central OK Chesapeake Energy Stores OU Medical Center Cox Communications MidAmerica Industrial Park OU Price School of Business Dobson Partnership MTM Recognition We are thankful for all of our dedicated members. For a complete list of Roundtable members, go to our website, http://okbusinessroundtable.com/membership/oklahoma-business-roundtable-members. 1 In real dollars, the 2017 Oklahoma’s GDP (adjusted for inflation using value of 2017 dollar) was $189.16 bil- lion and, in 1991, the GDP was $107.32 billion. In real dollars, Oklahoma’s economy is 76% larger now than in 1991. Roundtable members have contributed towards this effort through their annual membership fees. In turn, these funds have been leveraged by public and other private funds to increase the return on investment. Thank you for your support of the Roundtable. I look forward to seeing all of you at the Roundtable Executive Briefing on February 20, 2019, to be held at the Oklahoma History Center. Details are listed later in this news- letter. Working together we will continue to enhance economic growth in our great state. Sincerely, Ann Ackerman, President & CEO Important Dates Roundtable Executive Briefing Wednesday, February 20, 2019 Oklahoma History Center, Oklahoma City 4:00-5:00 p.m. Executive Briefing 5:00-6:00 p.m. Networking Reception Keynote speaker is Joseph Brusuelas, Chief Economist for RSM US LLP in New York. Brusuelas has over 20 years of experience in finance and economics and specializes in analyzing the U.S. monetary policy, labor markets, fiscal policy, economic indicators and the condition of the U.S. consumer. Prior to RSM, Joe held top positions at Bloomberg, LP Moody's Analytics, Merk Investments L.L.C. and IDEAglobal. He regularly appears on Bloomberg Television, Bloomberg Radio and is frequently quoted by the financial press on the U.S. and global economies. Roundtable Membership Meeting Wednesday, June 12, 2019 Southern Hills Country Club, Tulsa 4:30-6:00 p.m. Membership Meeting 6:00-7:00 p.m. Networking Reception New Members The Roundtable welcomes the following companies as new members: • Bar-S Foods, Altus, Clinton, Elk City, Lawton, Seminole - Warren Panico • Gulfport Energy Corporation, Oklahoma City - Donnie Moore • Michelin North America, Ardmore - Cheryl Ann Carlan • Standley Systems, Chickasha - Greg Elliott 2 Recent Roundtable Events Byrnes Speaks at Membership Meeting Brian Byrnes, Senior Vice President of Sales and Marketing for the Oklahoma City Thunder, was the keynote speaker at the fall meeting on October 2nd, held at the Oklahoma History Center in Oklahoma City. Brian pro- vided an overview of the significant economic impact the Thunder organization has had throughout its first ten years and thanked the many Roundtable/Thunder corporate supporters for their participation. Byrnes said the Thunder continues to rank as one of the most popular NBA franchises in the nation, with over 15 million social media followers and is ranked at the top for best game experience. It is now broadcast in over 200 countries and positively markets Oklahoma globally. Throughout Oklahoma, the Thunder is establishing new community outdoor basketball courts (now num- bering 22) to provide an inspiring place for kids to play, stay active and make healthy choices both on and off the court. The Thunder also supports over 200 player events annually, is active in STEM and literacy programs and has begun a new statewide business start-up effort, the Thunder Launchpad. Brian Byrnes Oklahoma City Thunder Governor Fallin and Commerce Secretary Snodgrass gave updates on the state’s economy, current business development activities and a review of statewide economic development successes over the past 8 years. Commerce/Workforce News Business Development on Upswing First quarter 2019 business announcements (July 1-September 3) were strong. Oklahoma Department of Com- merce recorded 23 business announcements, a 29% increase over last year. At the recent October 2nd Roundtable Membership meeting, state leaders provided a statistical report highlight- ing business expansion and new location successes for FY2018 (ending June 30, 2018.) The report only included statewide projects in which the Commerce Department was involved. Combined, the total operational impact of projects won by the Commerce Department in FY 18: • Will generate 23,059 jobs with payroll of $921.7 million annually. • Will contribute $1.848 billion per year to the state’s GDP. • The projects will generate $63.13 million in state tax collections and $45 million in sales and property tax collections for county and local governments. In the past ten years, the Commerce Department has worked with 592 business projects in 97 Oklahoma com- munities totaling over 70,000 new jobs and $61 billion in investment. Total manufacturing output in Oklaho- ma for 2017 was $16.94 billion with 4,264 manufacturing companies. 3 Selected New Statewide Location/Expansion Announcements Name Location Jobs/Investment Alorica Tulsa 300 jobs Aviagen, Inc. Sallisaw 45 jobs Booz Allen Statewide 240 jobs/$165 Million Enlink Mid-stream Oklahoma City $40 Million Global Payments Oklahoma City 600/$50 Million Rural Sourcing, Inc. Oklahoma City 150 jobs Valkyrie Systems Aerospace Oklahoma City 352 jobs Whirlpool Tulsa 150 Jobs/$55 Million Other expansion announcements from across the state included: Attis Industries, Tulsa; ISS, Norman; Keyera, Cushing; Aviagen, Sallisaw; Kingfisher Mid-Stream/Blueknight, Kingfisher; Meta Special Aerospace, Okla- homa City. Commerce Workshop to Highlight Community Economic Development Programs and Tools Oklahoma community leaders and economic development professionals are invited to a special “Connect” conference and workshop sponsored by the Oklahoma Department of Commerce on December 4 from 9:00 a.m. - 4:30 p.m. at Moore-Norman Technology Center in Oklahoma City. The conference will provide an update on key tools for addressing challenges and opportunities in the state. Topics include: cultural planning in rural communities, tax increment financing (TIF), new federal opportuni- ty zones, grants and services from the Oklahoma Department of Commerce, business location, Oklahoma Main Street, Census 2020 update and more. To register visit: https://okcommerce.gov/data/conference. Oklahoma Work-Based Learning Program Underway Oklahoma’s work-based learning program seeks to assist employers with creating work-based learning oppor- tunities, such as internships and apprenticeships, and connect them with job-seekers. By creating such oppor- tunities, employers are able to develop workforce solutions that meet their specific needs, test drive talent and build their own talent pipeline. As a registered work-based learning employer, you will receive technical assistance from the Oklahoma Works/Oklahoma Office of Workforce Development to create quality, rigorous work-based learning pro- grams. You will also have access to a competitive applicant pool and industry-developed standards for work- based learning in particular occupations. In April 2018, Governor, Mary Fallin signed Senate Bill 1171 which established the work-based learning pro- gram. The bill appropriates $850,000 annually to fund a work-based learning program. The money comes from revolving funds from the Office of the Secretary of State. The goal of the state’s “Earn and Learn Okla- homa” program is to increase the number of registered apprenticeships and internships in the state to 20,000 per year by 2020. For more information on work-based learning in Oklahoma, visit www.oklahomaworks.gov/work-based- learning. 4 Project Updates & Events Manufacturing Networking Events Continue Throughout Oklahoma With Roundtable support, the successful Manufacturing Networking luncheon series is continuing throughout the state. The events help bring Oklahoma manufacturers together in a series of working luncheons to connect, learn and potentially do business with one another. The stated goals are two-fold: 1. To increase awareness of manufacturing assets in the specified region 2. To give interactions