Greater Oklahoma City at a Glance

GREATER OKLAHOMA CITY AT A GLANCE

123 Park Avenue | Oklahoma City, OK 73102 | 405.297.8900 | www.greateroklahomacity.com TABLE OF CONTENTS

Location...... 4 Economy...... 14 Commercial Real Estate.....28 Climate...... 7 Education...... 17 Tax Rates...... 29 Transportation...... 8 Income...... 21 Utilities...... 30 Population...... 11 Labor Analysis...... 22 Available Services...... 32 Housing...... 13 Incentives...... 23

Ranked No. 11 for most “economic diversity of “ the top 350 metros. -WalletHub 2 GREATER OKLAHOMA CITY:

One of the fastest-growing cities government and civic leaders in America, and among the top is integral to our success. Our five places for economic strength, low costs, diverse economy and job creation and to start a business-friendly environment business. A top two small business have kept the economic doldrums ranking. One of the most popular at bay, and provided value, places for millennials, and one of stability and profitability to our the top 10 cities for young adults. companies – and now we’re poised to do even more. Let us The list of reasons you should introduce you to the thriving grow your business in Oklahoma 10-county region that is Greater City is growing – almost as Oklahoma City: a region that has quickly as the list of reasons why rediscovered its strengths – and people love living here. In Greater redefined itself for the future. Oklahoma City, we understand that partnership among business,

NO. 7 OF TOP “300 METROS“ IN ECONOMIC GROWTH. -THE BROOKINGS INSTITUTION 3 LOCATION

The Oklahoma City Metropolitan Statistical Area (MSA) includes seven counties: Oklahoma, Canadian, Cleveland, Grady, Lincoln, Logan, « and McClain. It is the 27th largest city and 42nd largest metropolitan area in the United States. The Greater Oklahoma City Partnership region extends to include three additional counties —Kingfisher, Payne and Pottawatomie —to provide a broad economic area.

CITY OF OKLAHOMA 1,500 miles CITY AREA: 621.2 square miles - the third largest geographic area for a 1000 miles city in the nation.

THE GREATER OKLAHOMA CITY 500 miles REGION: 7,978 square miles

OKLAHOMA CITY ELEVATION: 1,285 feet above sea level

Source: U.S. Census Bureau, City of OKC

4 THE GREATER OKLAHOMA CITY REGION

Stillwater Hennessey Yale PAYNE

Cushing Perkins Crescent KINGFISHER LOGAN Langston Guthrie Kingfisher

¨¦§35

Chandler Edmond Luther ¨¦§44 LINCOLN

Jones CANADIANEl Reno OKLAHOMASpencer ¨¦§40 Yukon Choctaw ¨¦§235 Harrah Prague Midwest City Oklahoma City McLoud Union City Tinker AFB Mustang Will Rogers World Airport ¨¦§240 ¨¦§40 Moore Shawnee Minco Bethel Acres Tuttle CLEVELAND Pink Tecumseh Newcastle Norman Lake Thunderbird

¨¦§44 Noble Goldsby

¨¦§35 Slaughterville Chickasha GRADY Lexington

Ninnekah POTTAWATOMIE MCCLAIN

Rush Springs

5 REGIONAL COMMUTER PATTERNS This map shows the 10-county Partnership residents who travel to other counties to region and the commuting pattern between work. The table provides the raw number of each county. The number listed in the commuters from county to county. county is the percentage of residents who Note: For the purpose of clarity, only stay in their home county to work. The lines commuter flows of 5% and above are between counties show the percentage of pictured below.

PAYNE KINGFISHER 79% 60% LOGAN 26%

14% 10% 26% 61% 6%

LINCOLN 36% CANADIAN OKLAHOMA 34% 25% 65% 88%

6% 5% 12% 7% 5% 31% 36% 53% POTTAWATOMIE 40% 54% 9% CLEVELAND 41% 8% GRADY 45% 26%

MCCLAIN 26% SOURCE: LEHD

From To Canadian Cleveland Grady Kingfisher Lincoln Logan Mcclain Oklahoma Payne Pottawatomie Outside of region Canadian 12,056 2,705 406 348 70 171 203 31,241 241 305 5,300 Cleveland 1,593 38,829 446 64 90 164 1,308 50,038 494 1,099 10,968 Grady 709 1,305 6,676 63 38 65 422 5,429 117 158 3,725 Kingfisher 317 170 32 3,469 14 107 24 1,469 95 46 1,657 Lincoln 121 484 57 24 3,649 64 32 3,400 989 1,236 2,089 Logan 292 616 34 159 41 3,793 54 8,881 494 113 1,998 McClain 294 3,104 387 51 28 28 3,114 4,860 78 171 2,268 Oklahoma 6,783 17,556 985 300 450 1,625 718 231,638 1,768 265 33,439 Payne 196 614 41 69 268 235 46 2,989 17,292 265 7,734 Pottawatomie 297 1,655 68 37 554 46 120 6,497 355 11,480 4,506 6 CLIMATE The average annual temperature is 61° F (high 72°, low 51°) with an average rainfall of 36.5 inches and average snowfall of 10 inches per year. The average number of flying days is 350 per year – the same number of days you’ll see the sun shining in Oklahoma City.

AVERAGE LOW - HIGH

Jan...... 29° - 50° July...... 72° - 94° Feb...... 33° - 55° Aug...... 71° - 93° Mar...... 41° - 63° Sep...... 63° - 85° April...... 50° - 72° Oct,...... 51° - 74° May...... 60° - 80° Nov...... 40° - 62° June...... 68° - 88° Dec...... 31° - 51° SOURCE: OKLAHOMA CLIMATOLOGICAL SURVEY, NATIONAL CLIMATIC DATA CENTER

WEATHER ANNUAL AVERAGES

Clear / partly cloudy days...... 235 Rainy days...... 77 Precipitation...... 36.5 inches Snowfall...... 10 inches Wind speed...... 12.2 mph

SOURCE: NATIONAL CLIMATIC DATA CENTER

From To Canadian Cleveland Grady Kingfisher Lincoln Logan Mcclain Oklahoma Payne Pottawatomie Outside of region Canadian 12,056 2,705 406 348 70 171 203 31,241 241 305 5,300 Cleveland 1,593 38,829 446 64 90 164 1,308 50,038 494 1,099 10,968 Grady 709 1,305 6,676 63 38 65 422 5,429 117 158 3,725 Kingfisher 317 170 32 3,469 14 107 24 1,469 95 46 1,657 Lincoln 121 484 57 24 3,649 64 32 3,400 989 1,236 2,089 Logan 292 616 34 159 41 3,793 54 8,881 494 113 1,998 McClain 294 3,104 387 51 28 28 3,114 4,860 78 171 2,268 Oklahoma 6,783 17,556 985 300 450 1,625 718 231,638 1,768 265 33,439 Payne 196 614 41 69 268 235 46 2,989 17,292 265 7,734 Pottawatomie 297 1,655 68 37 554 46 120 6,497 355 11,480 4,506 7 TRANSPORTATION Oklahoma City is as easy to reach as it is to navigate, with commute times averaging 20 minutes or less and minimal congestion.

MAJOR HIGHWAYS SERVING AREA:

Interstate 35...... North and South Interstate 240...... Interconnects I-40, Interstate 40...... East and West I-44 & I-35 Interstate 44...... Northeast and U.S. 62...... East and Southeast Southwest U.S. 77 (Broadway Extension)...... North and South Interstate 235...... Connects I-35 & U.S. 270...... Southeast and Northwest I-40 & U.S. 77 U.S. 277...... Southwest

HIGHWAYS AIR Located at the crossroads of I-35, I-40 Will Rogers World Airport is the Greater and I-44, Oklahoma City has more than Oklahoma City region’s major commercial 2,400 miles of four-lane roads. And, airport. Seven airlines, flying nonstop the state of Oklahoma has more than to 22 major airports, serve the city and 12,000 miles of state highways, excellent surrounding area. The airport is located turnpikes, and an interstate system just a short distance from city center with providing a vital link to all major U.S. easy access to three major Interstate markets. There are about 15,000 common Highways. and/or contract motor freight carriers operating in the state, providing fast and Will Rogers World Airport sits on more efficient truck transportation to all points than 8,000 acres of land and provides a on the continent. wide array of development opportunities. The airport operates three runways – two 9,800-ft parallel runways and one, 7,800-ft crosswind runway – and can accommodate most any size aircraft. The facility is currently home to 70 companies including the FAA’s Mike Monroney Aeronautical Center, Southwest Airlines Reservation Center, AAR Aircraft Services – Oklahoma, ARINC Inc., and Metro Technology Center’s Aviation Career Campus. Learn more about Will Rogers World Airport at FlyOKC.com. In addition to Will Rogers World Airport, 8 NON-STOP AIR SERVICE

Seattle

Minneapolis

Detroit

Chicago Midway New York/Newark Baltimore San Salt Lake Chicago Francisco Las City O’Hare Denver Vegas Washington D.C.

Los St. Louis Charlotte Angeles OKC Phoenix

Dallas Atlanta Dallas/ Love Ft. Worth Field Houston Houston Hobby Inter. Orlando Sanford

NON-STOP SERVICE* Atlanta...... Delta, Southwest Las Vegas...... Southwest Baltimore...... Southwest Los Angeles...... United, American

Charlotte Douglas...... American Minneapolis...... Delta Chicago Midway...... Southwest New York/Newark...... United Chicago O’Hare...... American, United Orlando Sanford...... Allegiant Dallas Love Field...... Southwest Phoenix...... Southwest Dallas/Ft. Worth...... American Salt Lake City...... Delta Denver...... Southwest, United San Francisco...... United Detroit...... Delta Seattle...... Alaska Air Houston/Hobby...... Southwest St. Louis...... Southwest Houston/Intercontinental...... United Washington D.C. Dulles...... United

* Subject to change without notice.

9 the City of Oklahoma City operates Wiley Post Airport, a general aviation airport with nearly 80,000 flight operations every year, as well as Clarence E. Page Airport, a general aviation airport south of Yukon, Oklahoma. The 10-County region boasts approximately 65 airports and airstrips.

TRAIN Amtrak service is provided via The Heartland Flyer, which makes daily runs to Fort Worth, Texas. The train departs from the historic Santa Fe Depot at the front door of Bricktown – Oklahoma City’s entertainment district. The Eastern Flyer (Iowa Pacific) will be offering service between OKC and Tulsa beginning in the spring of 2015. Two Class-One lines provide most of the rail transportation in the Greater Oklahoma City region: Union Pacific and BNSF Railway. These lines have more than 4,000 miles of track and connect Oklahoma communities with other U.S. cities, markets and ports.

DISTANCE AND DELIVERY TIME FROM OKLAHOMA CITY TO MAJOR U.S. CITIES

Major Cities Distance (Miles) Delivery Time (Days) Highway Rail Motor Carrier Rail Atlanta 868 1,006 2 4 Chicago 896 846 2 3 Dallas 200 388 1 7-8 hours Denver 630 792 2 2 Detroit 1,086 1,230 2 4 Houston 437 638 1 1.5 Kansas City 339 379 1 1 Los Angeles 1,367 1,489 2 6 Memphis 474 583 1 2 New Orleans 718 1,000 2 3 New York 1,548 1,592 3 7 St. Louis 462 539 1 1 Seattle 2,021 2,360 3 5

Same Day: Dallas, Houston, Chicago, Denver, Memphis Overnight: Los Angeles, New York, Atlanta, Detroit SOURCES: UPS, FEDEX, CON-WAY FREIGHT 10 REGIONAL POPULATION

City 2014 Population Percent Growth 2010-2014 Bethany 19,376 0.40% Chickasha 15,826 -0.31% Choctaw 11,708 1.16% Edmond 87,286 1.65% El Reno 16,802 0.07% Guthrie 10,452 0.60% Midwest City 55,657 0.55% Moore 55,447 0.16% Mustang 18,232 1.11% Norman 117,524 1.37% Oklahoma City 616,511 1.45% Shawnee 30,891 0.80% Stillwater 48,433 1.38% Warr Acres 10,157 0.27% Yukon 24,150 1.46%

Source: ESRI, 2014

POPULATION

Oklahoma City is the most populous city in the state of Oklahoma. From 2000 to 2014, Oklahoma City’s metro population grew by more than 22%, and has experienced a 1.6% average annual growth rate. In 2014, the Oklahoma City MSA population was estimated to be 1,336,767 while the city of Oklahoma City’s population was 616,511. Since 2010, the Oklahoma City MSA is the 13th-fastest-growing large metro in the country (6.7%), and has grown twice as fast as the nation.

POPULATION BY RACE AND ETHNIC GROUP

Total Population % White % Black % American % Asian % Hispanic Indian Origin* 2000 2010 2014 2010 2014 2010 2014 2010 2014 2010 2014 2010 2014 Oklahoma City 506,250 579,999 616,511 62.7 61.4 15.1 14.8 3.5 3.5 4.0 4.2 17.2 19.1 Oklahoma County 660,448 718,627 766,215 64.6 63.2 15.4 15.3 3.5 3.5 3.0 3.1 15.1 16.9 OKC MSA 1,095,421 1,252,987 1,336,767 71.9 70.5 10.4 10.4 4.1 4.1 2.8 3.0 11.3 12.8 Greater OKC Region 1,243,058 1,416,823 1,506,388 72.8 71.4 9.6 9.6 4.5 4.6 2.7 2.9 10.6 12.0 Oklahoma 3,450,654 3,751,616 3,878,051 72.2 70.8 7.6 7.4 8.6 8.6 1.7 1.9 8.9 10.0 Nation 281,421,906 308,745,538 316,296,988 72.4 71.2 12.6 12.7 0.9 1.0 4.8 5.1 16.3 17.5

*Persons of Hispanic Origin may be of any race. SOURCE: U.S. Census, 2014 Estimates of Resident Population Change; ESRI, 2014 11 OKLAHOMA CITY’S MSA POPULATION (1,336,767) IS LARGER THAN THE TOTAL POPULATION OF THE STATES BELOW.

WYOMING 584.153

VERMONT 626,562

ALASKA 736,732

NORTH DAKOTA 739,482

SOUTH DAKOTA 853,175

DELAWARE 935,614

MONTANA 1,023,579

OKC 1,336,767 OKLAHOMA CITY

(2014 U.S. Census Bureau, State and County QuickFacts, 2014 population estimates)

12 HOUSING: MOVING TO OKLAHOMA CITY Oklahoma

This vibrant, active city is even more liveable City leads because of its affordability. Unlike many “ metropolitan areas today, you can afford to live the nation “ comfortably in a quality home, while still enjoying the area’s arts, entertainment and recreational in housing opportunities. Explore the neighborhoods layered with personality, colorful art enclaves and recovery plenty of clean, green spaces. - The Wall Street Journal

The Council for Community and Economic Research (C2ER) Cost of Living Index shows that Oklahoma City is 17.4 percent below the national average* in terms of housing costs.

NEW HOME AVERAGE SALES PRICE AVERAGE HOME SALES PRICE •$246,396 for 2,400 sq. ft. new-build home •$182,575 (new construction and resale)

AVERAGE RENTAL RATE •$779 per month for 2-bed, 2-bath, 950 sq. ft., unfurnished apartment SOURCE: C2ER COST OF LIVING INDEX, 2014 ANNUAL DATA; (*NATIONAL AVERAGE FOR APPROXIMATELY 300 URBAN AREAS); OKLAHOMA CITY METROPOLITAN ASSOCIATION OF REALTORS, 2014 ANNUAL DATA

13 ECONOMY MAJOR INDUSTRIES: The economy of the Greater Oklahoma City region is diverse. While federal, state and local government are the largest employers, and the oil and natural gas sector generates the largest revenues, the area’s major private sector economic contributors include:

• Aviation & Aerospace: With the largest concentration of aviation and aerospace firms in the state, the Greater Oklahoma City region’s 265 firms employs 38,000 workers – and growing. Nearly 65 percent of the workforce at Tinker Air Force Base - the largest single site employer in the state – consists of civilian contractors and service providers. Cost of Living Index • Bioscience: Oklahoma City’s Memphis 85.6 Bioscience presence is generating Oklahoma City 90.1 national and international attention. Detroit 95.1 The sector employs more than Atlanta 99.6 51,000 statewide. Companies within Pittsburgh 96.4 this industry are dedicated to Tuscon 97.0 providing Bioscience goods and Denver 107.5 services, as well as education and Chicago 116.7 research testing. Seattle 126.9 Boston 137.7 • Energy: Oklahoma City is the Energy Washington DC 141.6 capital of the state. Energy San Francisco 167.5 accounts for approximately 3% of Manhattan 222.6 metro employment but more than 100 = average of reporting communities 9% of total compensation. The SOURCE: C2ER COST OF LIVING sector draws its strength from INDEX, 2014 ANNUAL DATA, COMPOSITE INDEX several Energy companies with headquarters in the city.

14 LOWEST #4 INCOME

• Health Care: As one of the nation’s INEQUALITY major centers of healthcare delivery, - BROOKINGS the Oklahoma City metro employs more than 74,000 health care sector • Wholesale and Retail Trade: workers. Our 30 general medical Oklahoma City’s central location and and surgical hospitals and 16 accessibility have made it a vital specialized hospitals combine to offer crossroads for commerce. The outstanding healthcare. convergence of I-35, a major north- south interstate, and I-40 and 1-44, • Manufacturing: This broad category major east-west interstates, and includes metals and machinery; numerous U.S. and State Highways building materials; food products and position Oklahoma City as a major medical devices and equipment. wholesale and retail trade center. For With more than 36,000 employed, the the year 2014, the Oklahoma City MSA manufacturing sector represents had estimated total taxable retail sales approximately 5.8% of the Oklahoma of $14.4 billion. City MSA’s total nonagricultural labor force. • International: The Greater OKC metro area boasts a substantial international • Professional, Business & Financial presence, with 31 countries Services: Similar to the healthcare represented by foreign-based sector, the Oklahoma City region subsidiaries in the region. More than provides business and financial 40,000 are employed by these services to a market that extends companies, which provide a broad beyond the state boundaries. This range of products and services. sector makes up 19% of the metro’s total workforce with more than 109,800 employees in this sector. 15 LEADING EMPLOYERS: The following table shows the major employers in the Oklahoma City metropolitan area. COMPANY PRODUCT/SERVICE EMPLOYEES State of Oklahoma Government 46,900 Tinker Air Force Base Military 26,000 OU - Norman Campus Higher Education 11,900 FAA Mike Monroney Aeronautical Center Aerospace 6,500 INTEGRIS Health* Health Care 6,000 Hobby Lobby Stores Inc* Wholesale & Retail 5,100 OU Health Sciences Center Higher Education 5,000 City of Oklahoma City Government 4,600 Mercy Health System of OK* Health Care 4,300 OGE Energy Corp.* Utility 3,400 Chesapeake Energy Corp* Oil & Gas 3,200 Devon Energy Corp* Oil & Gas 3,200 OU Medical Center Health Care 3,200 SSM Health Care of Oklahoma, Inc.* Health Care 3,000 University of Central Oklahoma Higher Education 2,900 Norman Regional Hospital Health Care 2,800 AT&T Telecommunications 2,400 Oklahoma City Community College Higher Education 2,100 Sonic Corp* Retail 2,000 LSB Industries, Inc.* Manufacturing 1,880 The Boeing Company Aviation 1,800 Dell Sales & Business Service 1,700 Hertz Corporation Rental Services 1,700 UPS Transportation 1,550 Great Plains Coca-Cola Bottling Company Manufacturing & Distributing 1,500 Midwest Regional Medical Center Health Care 1,500 Cox Communications* Telecommunications 1,400 Farmers Insurance Group Customer Service 1,300 American Fidelity* Finance/Insurance 1,300 Johnson Controls Manufacturing 1,200 Midfirst Bank* Finance 1,150 Bank of Oklahoma Finance 1,100 Love’s Travel Stops & Country Stores* Retail 1,100 Deaconess Hospital* Health Care 1,000 Continental Resources* Oil & Gas 1,000 ATC Drivetrain LLC* Manufacturing 1,000 Dolese Bros. Co.* Manufacturing 1,000 Rose State College Higher Education 1,000

*Indicates headquarters in the MSA; employee counts subject to change SOURCE: THE GREATER OKLAHOMA CITY CHAMBER

16 EDUCATION K-12 EDUCATION: The Greater Oklahoma City Region offers a variety of choices in K-12 Education. Our 10-county area enrolls more than 262,000 students in the public school system. Harding Charter Prep High School, Classen School of Advanced Studies, Dove Science Academy, Edmond North High School and the Oklahoma School of Science and Math (OSSM) are regularly recognized on the U.S. News & World Report’s Best High Schools in the Nation list. A total of 50 schools in our region have been recognized as National Blue Ribbon Schools. Our region gives parents diverse educational options with 19 public charter schools and 54 private EDUCATIONAL ATTAINMENT and parochial schools recognized by the (POPULATION 25 YEARS AND OVER) Oklahoma Private School Accreditation

Commission. Less than High School Graduate....13.2% High School/Technical School...... 27.6% WORKING TOGETHER Some College...... 24.5% Civic, business and education leaders College Graduate or Higher...... 34.8% developed a blueprint that has forever changed the area’s largest school SOURCE: CENSUS, 2013 AMERICAN COMMUNITY district, Oklahoma City Public Schools. SURVEY (1 YEAR ESTIMATE); OKC MSA Near completion, MAPS for Kids is a comprehensive education reform plan that raised $700 million for Oklahoma This innovative vision for our school system City Public Schools and surrounding was reaffirmed in October 2007, when school districts. voters overwhelmingly approved a $248.3 million bond by 78 percent! This support In addition to building seven schools and helped to earn Oklahoma City a spot as one renovating 65 others, the comprehensive of the “100 Best Communities for Young plan implemented strategic academic People” by the America’s Promise Alliance reforms; improved student achievement; in 2005, 2007, 2008, 2010, 2011 and 2012. restored classroom discipline; and increased accountability with students, parents and the community.

17 TOP 20 DEGREE Social COMPLETIONS IN THE Sciences 724 GREATER OKLAHOMA

CITY REGION Liberal Studies 2,176 Psychology Family & 879 Consumer Science 696 Physical Visual & Sciences Performing Engineering 358 Arts Technologies 821 382 Engineering Education 1,318 1,608 Public Computer & Interdisciplinary Admin Information Studies 268 Science 1,442 543

Biological & Protective Agriculture Biomedical Services 530 Sciences 555 Communcation 763 & Journalism Parks, 863 Recreation & Leisure Health Professionals 335 3,493 Law 359

Business 4,558

Graduates 268 3,000+

SOURCE: OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION, 2013-2014

HIGHER EDUCATION Technology system, offering programs In the Greater Oklahoma City area, and services in 29 technology center there are 18 public and private colleges districts operating on: 56 campuses, 398 and universities, including two research comprehensive school districts, 25 skill universities, Oklahoma State University centers and three juvenile facilities. Not and the University of Oklahoma. These only do these centers provide training to institutions of higher learning provide high school and post-secondary students, thousands of undergraduate and graduate they also provide invaluable training degree opportunities. Oklahoma also has services to a variety of businesses in a a nationally acclaimed Career and number of different skill areas. 18 AREA COLLEGES & UNIVERSITIES 2013-2014 Enrollment University of Oklahoma 30,864 State, four-year OU Health Sciences Center 3,841 State OU College of Law 537 State Oklahoma State University 28,809 State, four-year OSU-Oklahoma City 10,213 Two-year OSU School of Veterinary Medicine 416 State Oklahoma City Community College 20,456 State, two-year University of Central Oklahoma 20,441 State, four-year Rose State College 10,295 State, two-year Redlands Community College 3,918 State, two-year Oklahoma City University 3,643 Private, four-year Langston University 3,085 State, four-year Mid-America Christian University 1,898 Private, four-year Oklahoma Christian University 2,757 Private, four-year Southern Nazarene University 2,729 Private, four-year Oklahoma Baptist University 2,179 Private, four-year University of Science and Arts of Oklahoma 1,064 State, four-year University of Phoenix* 868 Private, two-/four-year Southwestern Christian University 847 Private, four-year St. Gregory’s University 787 Private, four-year Brown Mackie College 355 Private, two-/four-year Hillsdale Free Will Baptist College 233 Private, four-year DeVry University not reported Private, four-year Total Enrollment* 150,235 *Total includes 2013-2014 enrollment and fall 2013 enrollment when full academic year (fall, spring, summer) is unavailable. SOURCE: OKLAHOMA HIGHER EDUCATION ENROLLMENTS BY INSTITUTION PUBLIC AND PRIVATE (2013-2014) , OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION; IPEDS DATA CENTER CAREERTECH TRAINING INSTITUTIONS 2013-2014 Enrollment Location Francis Tuttle Technology Center 28,539 OKC Canadian Valley Technology Center 21,008 El Reno / Yukon / Chickasha Metro Technology Center 17,936 OKC Gordon Cooper Technology Center 17,422 Shawnee Mid-America Technology Center 16,425 Wayne Moore Norman Technology Center 13,815 Moore / Norman Meridian Technology Center 14,360 Stillwater Mid-Del Technology Center 6,745 Midwest City Eastern Oklahoma County Technology Center 2,269 Choctaw Total Enrollment* 138,519 *Total enrollment includes ACD, industry specific traning and full-time enrollment. SOURCE: OKLAHOMA DEPARTMENT OF CAREER AND TECHNOLOGY EDUCATION, 2014 19 GREATER OKLAHOMA CITY REGION COLLEGES AND UNIVERSITIES DEGREE COMPLETION AND ENROLLMENT PROGRAM OF STUDY ENROLLMENT 5-Year DEGREES DEGREES 5-YEAR 2013-2014 Average 2013-2014 AVERAGE

Agriculture and Related Sciences 2,488 2,335 530 485 Architecture and Related Services 561 631 93 123 Biological and Biomedical Sciences 4,542 4,976 763 725 Business 21,260 22,612 4,558 4,489 Communication and Journalism 3,604 4,162 863 834 Communications Technologies 69 78 40 16 Computer and Information Science 3,545 3,200 543 438 Construction Trades 83 99 16 12 Culinary Services 113 159 20 19 Education 7,338 9,453 1,608 1,665 Engineering 9,258 8,270 1,318 1,232 Engineering Technologies 3,841 5,572 382 319 English Language and Literature 1,041 1,390 249 279 Ethnic, Cultural, and Gender Studies 120 158 36 36 Family and Consumer Science 3,195 3,623 696 673 Foreign Languages 728 781 183 161 Health Professions 17,596 17,808 3,493 3,272 History 927 1,125 210 201 Homeland Security and Protective Services 2,553 3,177 555 458 Law 1,163 1,316 359 385 Liberal Arts and Sciences 38,259 31,301 2,176 1,793 Library Science 187 225 60 61 Mathematics and Statistics 764 737 186 142 Mechanic and Repair Technologies 299 271 101 62 Multi/Interdisciplinary Studies 3,620 3,215 1,442 1,007 Natural Resources and Conservation 274 256 65 60 Parks and Recreation 1,874 2,071 335 296 Philosophy and Religion 281 352 74 71 Physical Sciences 4,101 4,062 358 365 Psychology 4,148 4,609 879 790 Public Administration 902 942 268 278 Residency Programs 38 42 14 11 Social Sciences 3,396 4,193 724 782 Theology 901 838 91 91 Transportation and Materials Moving 525 500 115 106 Visual and Performing Arts 4,098 4,954 821 765 Other 473 1,787 27 145

Grand Total 148,165 151,280 24,251 22,647

*Does not include the following proprietary institutions who do not report to the Oklahoma State Regents for Higher Education.

Source: OSREHE Productivity Report February 2015, Oklahoma State Regents for Higher Education 20 INCOME Oklahoma City’s cost of living consistently ranks below the national average - and well below cities such as Denver, Albuquerque, Kansas City and San Antonio. Oklahoma City also offers some of the most affordable housing, transportation, utilities, groceries and gas in the U.S., and residents still have more disposable income than in other cities. See the cost of living calculator in the “About Oklahoma City” section of www.okcchamber.com/costofliving.

INCOME # Households Per % of Total Households Income Category Median Household Income ($50,086) Under $15,000...... 69,071...... 13.4% $15,000 - $24,999...... 58,468...... 11.4% $25,000-$49,999...... 128,869...... 25.1% $50,000-$74,999...... 103,918...... 20.2% $75,000 - $99,999...... 66,677...... 13.0% $100,000 - $149,999...... 47,822...... 9.3% More than $150,000...... 39,124...... 7.7% Total Households...... 513,958

SOURCE: ESRI BUSINESS ANALYST 2014; OKC MSA

21 LABOR ANALYSIS

UNEMPLOYMENT RATE The unemployment rate for the Oklahoma City metropolitan area averaged 4.4% for 2014. Increases in the area’s population and labor force have kept pace with economic growth, keeping the region’s unemployment rate low in comparison to the nation.

TOTAL EMPLOYMENT BY INDUSTRY LABOR ANALYSIS 2014 Labor Force...... 607,024 Information...... 1.3% Employed...... 580,471 Natural Resources and Mining...... 3.3% Unemployed...... 26,553 Other...... 3.4% Underemployed*...... 70,415 Construction...... 4.5% Unemployment Rate...... 4.4% Financial Activities...... 5.8%

Manufacturing...... 5.8% *No official government statistics are Leisure and Hospitality...... 11.3% available on the total number of persons Professional and Business Services...... 12.0% who might be viewed as underemployed. Education and Health Services...... 14.5% Underemployed workers have training or Trade, Transportation and Utilities...... 17.7% education surpassing the needs of their Government...... 20.5% current position.

SOURCE: BUREAU OF LABOR STATISTICS, CURRENT SOURCE: U.S. DEPT. OF LABOR, BUREAU EMPLOYMENT STATISTICS, 2014; OKC MSA OF LABOR STATISTICS; OKC MSA

AVERAGE HOURLY WAGE SCALES OF SELECTED OCCUPATIONS

Position Entry Wage Average Wage Material Handler ...... $8.61...... $12.98 Forklift Driver...... $10.12...... $15.41 Customer Service Rep...... $9.53...... $14.77 Computer Support Specialist...... $11.58...... $21.08 Machinist...... $12.44...... $19.36 Machine Assembler...... $13.49...... $18.00 Administrative Assistant...... $9.97...... $15.24 Computer Programmer...... $17.56...... $30.20 Accountants and Auditors...... $18.49...... $32.00 Registered Nurse...... $20.53...... $28.79 Total, all occupations...... $8.72...... $16.00

SOURCE: OKLAHOMA EMPLOYMENT COMMISSION, OKLAHOMA WAGE NETWORK; OKC MSA

22 STATE INCENTIVES

OKLAHOMA QUALITY JOBS PROGRAM – 10 YEAR CASH INCENTIVE Companies can directly receive up to 5% of new payroll in the form of quarterly cash payments for up to 10 years. Companies qualify if they are central administrative offices, manufacturers, research and development agencies (including wind power manufacturers), distribution centers (with 40 percent OKLAHOMA QUALITY JOBS – SMALL out-of-state delivery) or certain service EMPLOYER PROGRAM companies (with out-of-state sales Allows qualifying small businesses (90 exceeding 75% of total sales), and must employees or less) to receive up to 5% achieve an annualized new payroll cash-back incentive for up to seven years (within three years) of $2.5 million or to locate or expand in Oklahoma. more. 21ST CENTURY QUALITY JOBS OKLAHOMA QUALITY JOBS – HIGH INCENTIVE PROGRAM – 10 YEAR CASH IMPACT PROGRAM INCENTIVE Lowers annualized payroll threshold to Created to attract growth industries by $1 million for businesses that produce rewarding businesses with a highly skilled new direct jobs to the State that are workforce. Companies can receive up to equal to or greater than 1% of the total 10% on new payroll for up to 10 years, labor force of the county in which they or twice the net benefit of the Quality locate. Payout is 2.5% of taxable wages Jobs Program. The new jobs must pay an for six years. average wage of 300% of the county’s

average wage. This incentive targets

knowledge-based service industries, such Oklahoma City as professional, scientific and technical ranks No. 5 for “ services, specialty hospitals, music, film, “ and performing arts. Out-of-state sales middle-class must be a minimum of 50%. job creation

-New Geography

23 INVESTMENT/NEW JOBS TAX CREDITS Provides growing manufacturers a significant tax credit based on either an investment in depreciable property and the addition of full-time equivalent employees engaged in manufacturing, processing, or aircraft maintenance. A five-year tax credit may be offered by calculating 1% of investment in qualified property or a credit of $500 per year per new job, doubled in an Enterprise Zone.

QUALITY JOBS & INVESTMENT TAX CREDIT Prior to January of 2010, qualifying companies had to choose either the Quality Jobs Program OR the Investment/ New Jobs Tax Credit benefits. As of January 1, 2010, certain qualifying companies will have the option of receiving both of these incentives.

FIVE-YEAR AD VALOREM TAX EXEMPTION This exemption is for new, counties. If a $7 million investment expanded or acquired manufacturing, is made in new facilities for certain research/development or specific computer service companies or web computer/data processing service portals, there is no additional payroll facilities. Real estate, machinery requirements, provided that the current and equipment used directly in the payroll is maintained. manufacturing process are eligible. The exemption requires a minimum capital SALES TAX EXEMPTIONS FOR investment of $250,000; $250,000 in MANUFACTURERS additional annual payroll in small counties Machinery, equipment and tangible and $1 million additional payroll in large personal property used in design, 24 development and manufacturing are Zones, Financing Programs, Export exempt from sales tax. Inputs and Assistance, Government Contracting consumables used in the manufacturing Assistance, New Market Tax Credits, process are also exempt from sales tax. Former Indian Lands Tax Credit, Oklahoma also provides for a sales tax Aerospace Industry Engineer Workforce exemption on the energy consumed in the Tax Credit, OK Community ED Pooled manufacturing process. Financing for infrastructure-related construction, CDBG/EDIF, Economic CUSTOMIZED EMPLOYEE TRAINING Development Pooled Finance Incentive Consistently ranked as one of the top and Limited Industrial Road Assistance. programs in the nation, Oklahoma’s Contact Chamber staff for more on any of Training for Industry Program (TIP) these programs. provides customized training and resources to qualifying new and RECRUITMENT RESOURCES expanding Oklahoma companies at little To facilitate the recruitment process, or no cost to the company. Delivered the Oklahoma Employment Securities through the state’s Career Technology Commission (OESC) will pre-screen Centers, TIP ensures that companies have eligible applicants to meet the a productive workforce from the start. specifications outlined within job descriptions, test applicants for aptitudes OTHER ASSISTANCE PROGRAMS in specific skills and provide any personnel Additional assistance programs include: functions necessary to ensure recruitment Sales Tax exemptions, Foreign Trade success. 25 OKLAHOMA AEROSPACE ENGINEERING Workforce Attraction TAX CREDIT • Tax credits to engineering Provides tax credits to engineers hired by graduates who agree to work for an or contracting with aerospace companies Oklahoma aerospace company, not to through December 31, 2017, and the exceed $5,000 per year for the first 1-5 companies that hire them, with the years of employment. purpose of enhancing the state’s ability to attract and retain a top-notch workforce • An employer tax credit of 50% of pool for the Oklahoma aerospace industry. tuition reimbursed to a new engineer graduate, based on the average tuition Workforce Retention at an Oklahoma • Tax credits to aerospace companies public college or university, for the that hire engineers. A larger tax credit first through four years of employment. is offered for graduates of Oklahoma institutions. (10% of the qualified wage cost for the 1-5 years of employment from an Oklahoma institution or 5% of the qualified wage cost for the 1-5 years of employment from a non-Oklahoma institution)

26 LOCAL INCENTIVES

OKLAHOMA CITY STRATEGIC INVESTMENT PROGRAM (SIP) The SIP is a deal-closing fund that provides companies with a cash award based on newly created jobs within Oklahoma City. Qualifying companies such as manufacturing firms, headquarters and shared service or customer care operations must hire a minimum of 50 full-time employees and produce an annual payroll of $1.75 million. Firms must also meet or exceed specific average wage thresholds. The City’s grant will be performance based, tied to the company’s actual job creation and capital investment.

GREATER OKLAHOMA CITY INCENTIVES In addition to Oklahoma City’s SIP, other communities in the region offer several different local incentives to qualifying companies to complement those available from the state. These include TIF districts, MOST BUSINESS small business start-up packages, economic #1 FRIENDLY gardening, build-to-suit programs, and loan & grant packages. Contact the individual -CNN Money cities within the Greater Oklahoma City region to inquire if these specific incentives BEST CITY TO are available in their communities. #1 START A BUSINESS For more information visit - Kiplinger www.greateroklahomacity.com and click on “Expansion & Relocation” SPOT FOR OIL & and then “Incentives.” Individual cities #1 GAS INVESTMENT within the Partnership region may have additional incentive programs available. - Fraser Institute *All incentives subject to revision

27 COMMERCIAL REAL ESTATE

Oklahoma City’s construction climate, one of the most competitive in the United States, makes building a facility an affordable and viable option. Costs of commercial and industrial construction are significantly lower here than in most areas throughout the Southwest, including Dallas, Houston, Phoenix and Denver, according to the RS Means Square Foot Costs survey.

INDUSTRIAL SITES The Greater Oklahoma City Chamber maintains a comprehensive online database, www.okcedis.com, of industrial buildings and sites for the Greater Oklahoma City region. Customized site or building searches, site and building tours or build-to-suit proposals are available.

Industrial Rental Rates Office Rental Rates Bulk Warehouse $2.50-$13.00 Class A Office Quote $21.75 - $22.37 Flex Space $3.00- $10.50 Class B Office Quote $12.63 - $18.07 Service Warehouse $3.35 - $6.00 Class C Office Quote $11.57 - $13.65 Average Vacancy Rate 5.8% Central Business $18.15 District Ave. Quote Retail Rental Rates Suburban Markets $17.46 Ave. Quote Lease Rates $6.51 - $15.07 Average Vacancy Rate* 7.6% Average Vacancy Rate 15.2% *based on weighted avg. lease rates in 7 submarkets

SOURCE: MARKET REPORTS FROM CBRE, 2014; XCELIGENT Q4 2014; PRICE EDWARDS 2014 YEAR-END

28 TAX RATES In 2009, the state voted to reduce personal income tax to 5.25 percent followed by further reductions to 5% in 2016. If general revenue triggers are met, additional cuts may be made in 2017. Oklahoma’s strong economy means the state’s taxation and regulatory policy are competitive.

Tax Rate

Corporate Income Tax ��6% Sales Tax (State & Local) ��8.375%* State Personal Income Tax ��5.25% Ad Valorem (Property Tax) Real Property...... Less than 1% of assessed value Personal (Machinery & Equipment) ��1.5% of market value

Unemployment Compensation Tax - 2.2% on first $17,000 of payroll and 0.1% to 5.5% after two years experience

*Local sales tax based on City of Oklahoma City rate of 3.875%. Local tax rates vary by city and county from 3% to 5%. SOURCE: OKLAHOMA TAX COMMISSION 29 UTILITIES

ENERGY COSTS AND PROVIDERS The 10-county Greater Oklahoma City region has two investor-owned electric utilities providing most of the electric service to the region. Oklahoma Gas and Electric Company and Public Service Company of Oklahoma vary in rates. There are also several municipally owned energy providers in the Greater Oklahoma City region. OG&E Energy Corp., is a fully regulated utility. Edison Electric Institute reported in January 2014 that an average of 1,000kW/400,000kWh monthly bill would be $23,045/$0.0576 per kWh. For the same consumption, the average bill in Texas would be $27,385. The U.S. average would be $38,834. The average cost of industrial electricity in Oklahoma City is 5.51 cents per kWh. This rate is 20% below the national average. Visit www.oge.com.

Oklahoma Natural Gas’ tariffs range from small commercial / industrial using 1,000 Dth to facilities using in excess of 450,000 Dth per year. Rates are determined by factors such as annual revenue and capital investment expenses incurred. Visit www.oneok.com.

GREATER OKLAHOMA CITY UTILITIES:

ENERGY Electricity in the Oklahoma City region is provided by OGE Energy Corp., Canadian Valley Electric Cooperative, City of Stroud, Edmond Electric, Kingfisher Public Works Authority, Oklahoma Electric Cooperative, Public Service Company of Oklahoma, and Stillwater Electric Utility. Natural Gas...... Oklahoma Natural Gas Company WATER - CITY OF OKLAHOMA CITY Capacity...... 250,000,000 gpd STORAGE CAPACITY- CITY OF OKLAHOMA CITY Plant...... 35,500,000 gpd Distribution...... 20,350,000 gpd WASTEWATER/SEWER - CITY OF OKLAHOMA CITY Treatment Capacity �� 101,000,000 gpd Present Load...... 70,000,000 gpd *Rates vary depending on municipality

30 THE DIGITAL MAGAZINE OF OKLAHOMA CITY

THE DIGITAL MAGAZINE OF OKLAHOMA CITY

ACCLA1M ACCLAOKC ACES THE A-LISTS1M OKC ACES THE A-LISTS BIOSCIENCE BIOSCIENCETHE SILICON PRAIRIE THE SILICON PRAIRIE CORPORATE CAMPUS, CORPORATETALENT MAGNET CAMPUS, TALENT MAGNET

Oklahoma City has grown by leaps and bounds of the past 15 years, and now the world will know about our success. Check out VeloCity, a digital magazine that gives a dynamic new portrait of Oklahoma City and features articles, pictures, links, videos and more. Help increase the success of our city by sharing www.velocityokc.com with friends, colleagues and family members. SERVICES AVAILABLE TO NEW OR EXPANDING COMPANIES • Professional site location assistance • Professional business retention and expansion (BRE) services • Professional bioscience, aerospace and entrepreneurial assistance • Comprehensive research modeling • Identification of available real estate • Hosting of site tours • Workforce analysis • Assistance with permitting and numerous other processes • Assistance with determining financial resources • Work with state and local partners for incentives and training benefits • Host / connect with key groups such as investors, developers and bankers • Manage Strategic Investment Program (SIP) application process for Oklahoma City Economic Development Trust • And more

ABOUT THE PARTNERSHIP The Greater Oklahoma City Partnership is a ten-county regional economic development organization dedicated to the growth and prosperity of central Oklahoma – a region of more than 1.4 million people.

Greater Oklahoma City Chamber 123 Park Avenue Oklahoma City, OK 73102

www.greateroklahomacity.com www.okcedis.com www.greateroklahomacity.com/OKCLBI [email protected] 405-297-8900

04/2015