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2019 Capedd Ceds

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2019 Capedd Ceds ASSOCIATION OF CENTRAL OKLAHOMA GOVERNMENTS ACKNOWLEDGMENTS COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) ADVISORY COMMITTEE MEMBERS: Hon. Rod Cleveland, Commissioner Michael Laird Cleveland County (Chair) Crowe & Dunlevy Alba Weaver Willard Linzy OG&E Energy Corp (Vice-Chair) Freedmen of the Five Civilized Tribes Association Hon. Kevan Blasdel, Councilmember Michelle McBeath City of Piedmont Urban Land Institute of Oklahoma Katy Boren Louisa McCune Oklahoma City Innovation District Kirkpatrick Foundation Cameron Brewer Kylah McNabb BancFirst Spiers New Technologies Joyce Burch Scott Meacham University of Oklahoma i2E Geoff Butler Kyle Millar City of Oklahoma City INTEGRIS Health Bonnie Cheatwood Scott Minton Midwest City Chamber of Commerce OnCue Express Hon. Floyd Eason, Mayor Jim Parrack City of Del City Price Edwards Deidre Ebrey Hon. Ray Poland, Mayor City of Moore Town of Jones City Chris Fleming Emily Pomeroy REHCO, LLC Center for Economic Development Law Raŭl Font Meg Salyer Latino Community Development Agency Greater Oklahoma City Chamber Board Eddie Foreman Ashley Sellers Central Oklahoma Workforce Innovation Board Central Oklahoma Workforce Innovation Board Nicolle Goodman Jeff Seymour Alliance for Economic Development of Oklahoma City Greater Oklahoma City Chamber Stan Greil Hon. Sheila Stevenson, Mayor Rose State College Town of Langston City Shane Hampton Hon. Earnest Ware, Mayor (former) Institute for Quality Communities, OU City of Spencer COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY PAGE | i ASSOCIATION OF CENTRAL OKLAHOMA GOVERNMENTS TIP would like to thank the following individuals and organizations for their participation in this planning process. Megan Allen Daniel Moses Oklahoma City Innovation District OU Center for Entrepreneurship Katy Boren Jeff Seymour Oklahoma City Innovation District Greater Oklahoma City Chamber Joyce Burch Derek Sparks University of Oklahoma Greater Oklahoma City Chamber Nathan Goodman Tom Wavering OU Advanced Radar Research Center OU Tom Love Innovation Hub Nicolle Goodman Roy Williams Alliance for Economic Development of Oklahoma City Greater Oklahoma City Chamber Maureen Hammond Norman Economic Development Coalition This plan was made possible through the generous support of the Alliance for Economic Development of Oklahoma City, the Greater Oklahoma City Chamber, and the Oklahoma City Planning Department. TIP STRATEGIES, INC., is a privately held economic development consulting firm with offices in Austin and Seattle. TIP is committed to providing quality solutions for public and private sector clients. Established in 1995, the firm's primary focus is economic development strategic planning. CONTACT CONSULTING TEAM TIP Strategies Jon Roberts 2905 San Gabriel Street, Suite 309 Managing Partner Austin, TX 78705 Elizabeth Scott PH: 512-343-9113 Consultant FX: 512-343-9190 www.tipstrategies.com COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY PAGE | ii ASSOCIATION OF CENTRAL OKLAHOMA GOVERNMENTS CONTENTS ACKNOWLEDGMENTS .............................................................................................................................................. i EXECUTIVE SUMMARY ............................................................................................................................................ 1 Summary of Goals and Strategies ......................................................................................................................... 2 Goal 1. Infrastructure ..................................................................................................................................... 2 Goal 2. Resiliency .......................................................................................................................................... 2 Goal 3. Innovation.......................................................................................................................................... 2 I. STRATEGIC ACTION PLAN ................................................................................................................................... 3 Introduction ............................................................................................................................................................. 3 Goal 1. Infrastructure ..................................................................................................................................... 5 Goal 2. Resiliency .......................................................................................................................................... 8 Goal 3. innovation ........................................................................................................................................ 12 II. TARGET INDUSTRY ANALYSIS .......................................................................................................................... 15 Introduction ........................................................................................................................................................... 15 Analysis ................................................................................................................................................................ 16 Target Profiles ...................................................................................................................................................... 20 Aerospace ................................................................................................................................................... 21 Software and Information Technology ........................................................................................................ 23 Shared Services and Back Office ............................................................................................................... 27 Advanced Manufacturing ............................................................................................................................ 29 Logistics ...................................................................................................................................................... 31 Life Science and Biotechnology ................................................................................................................. 33 Energy ........................................................................................................................................................ 35 II. ECONOMIC ASSESSMENT ................................................................................................................................ 38 Introduction ........................................................................................................................................................... 38 Framework ........................................................................................................................................................... 38 Key Findings ......................................................................................................................................................... 39 Key Finding 1: Uneven Development Patterns ........................................................................................... 39 Key Finding 2: VulnerabilIty to Economic Disruption ................................................................................... 40 Key Finding 3: Lagging Growth in Innovation .............................................................................................. 41 Next Steps ............................................................................................................................................................ 41 Competitiveness Benchmarks .............................................................................................................................. 42 Columbus, Ohio ........................................................................................................................................... 43 Dallas-Fort Worth, Texas ............................................................................................................................. 45 Kansas City, Missouri .................................................................................................................................. 47 Louisville, Kentucky ..................................................................................................................................... 49 Nashville, Tennessee ................................................................................................................................... 51 COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY PAGE | iii ASSOCIATION OF CENTRAL OKLAHOMA GOVERNMENTS APPENDIX 1. ASSESSMENT DATA ........................................................................................................................ 53 1. SWOT Analysis ................................................................................................................................................ 53 2. Institutions and Employers ............................................................................................................................... 54 3. Demographics .................................................................................................................................................. 55 4. Income and Housing .......................................................................................................................................
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