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Bioscience Industry Has Tremendous Impact Acce Chooses Oklahoma

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Bioscience Industry Has Tremendous Impact Acce Chooses Oklahoma March 2011 www.okcchamber.com Bioscience industry Has tremendous impact A report of the economic impact of Greater Oklahoma City’s bioscience industry by Battelle Technology Partnerships Practice shows that the industry has grown by leaps and bounds over the past five years. “The economic impact this industry provides to our local economy is staggering,” Greater Oklahoma City Chamber Chairman Carl Edwards said. “The truth is we are in the infancy stages of developing this sector of our economic engine and we are already generating great return on our investments.” The study found that today the industry employs more than 26,000 workers who earn a combined $1.5 billion in wages. The Greater Oklahoma City bioscience Overall, the industry is contributing $6.7 billion to the economy. industry contributes $6.7 billion to the economy annually. continued on page 5 acce cHooses oKlaHoma city For 2013 The 2013 Annual Convention will bring 1,000 attendees to Oklahoma City, with an estimated 2,350 hotel room nights to be sold. The estimated economic impact of this convention is more than $622,000. Beyond the positive economic effects of conventions such as this, there are a number of other benefits that come from hosting opinion leaders from around the country. “We’ve learned time and time again that if we can simply get individuals to Oklahoma City, we will undoubtedly impress The American Chamber of Commerce Executives (ACCE) has them,” said Williams. “We will roll out the red carpet for the ACCE chosen Oklahoma City as the location for its 2013 Annual attendees, and when the conference is over, they will return to Convention. their homes and tell our story.” “We are thrilled that Oklahoma City has been chosen to host ACCE is a national association that serves individuals involved the 2013 Annual Convention,” said Roy H. Williams, president and in the management of chambers. Its mission is to support and CEO, Greater Oklahoma City Chamber. “I look forward to showing develop chamber professionals to lead businesses and their my fellow chamber of commerce colleagues the work we’ve done communities. to improve Oklahoma City.” 215 OK Chamber_PR.indd 1 7/24/09 3:09:53 PM leadersHip notes 2011 oFFicers cARL eDWARDS Price Edwards & Company Setting the Pace for Development 2011 Chairman Big changes are happening all around us. I would find it hard to DAVID THOMPSON OPUBCO Communications Group believe if you told me you had not noticed. No matter what part of Immediate Past Chairman the City you spend the majority of your time, changes are taking BRUce LAWReNce INTEGRIS Health place. Treasurer / Corporate Secretary The list of ongoing and recently completed projects is extensive: cLAYton I. BeNNeTT Dorchester Capital Project 180; Classen Curve; the outlet mall; the realignment of Vice Chair, Strategic Planning I-40; the Oklahoma Health Center campus; the Devon Tower; Whole MARTHA BURgeR Chesapeake Energy Corporation Foods; hundreds of road and bridge projects associated with the Vice Chair, Education and 2007 G.O. Bond; the new Farmers Insurance facility; and many others. Workforce Development PeTeR B. DeLANeY OGE Energy Corp. Our efforts are working, and we are making an impression on roy H. williams Vice Chair, Economic Development some of the most impressive companies in our nation. Companies President & ceO MARk FUNke Bank of Oklahoma, N.A. like Whole Foods are choosing Oklahoma City for their newest Vice Chair, Community Redevelopment locations and those like Farmers are seeing the value of further investing in Oklahoma City. bryan gONTeRMAN AT&T Oklahoma Not only are big developments happening in Oklahoma City, but the biggest developments in the U.S. Vice Chair, Membership are happening here, now. The progress we are seeing is extraordinary, and something other cities are RHONDA HOOPeR Jordan Associates simply not seeing right now. We are continuing to set the example of what cities want to achieve. Vice Chair, Convention and Visitors Bureau PeRcY kIRk The changes and developments happening around Oklahoma City are not only affecting our Cox Communications Oklahoma landscape – both physical and economic; they’re improving our quality of life. And while I’m certainly Vice Chair, Marketing & Communications BRADLeY W. kRIegeR excited about what that means for all of us, I’m also looking forward to what it means for our future Arvest Bank businesses and the new residents they bring. Quality of life plays a tremendous role in the decision Vice Chair, Government Relations to choose a location, and by improving the quality of life in Oklahoma City, we’re making it easier for tom j. McdanieL Oklahoma City University businesses and individuals to choose us. Vice Chair, MAPS Development j. LARRY NIcHOLS The changes we’re seeing are not the results of any person or organization’s individual efforts. It Devon Energy Corporation takes the work of us at the Chamber, along with the work of business and community leaders in order to Vice Chair, Forward Oklahoma City ROY H. WILLIAMS be successful. As we watch our city’s landscape change over the coming months and years, I hope you Greater Oklahoma City Chamber will join me in the effort to maintain momentum. There is a great deal more that we can achieve, and President & CEO if we continue to work together, we can further improve the quality of life in Oklahoma City; continue to tHe point! grow our economy; and continue to be the pacesetter for community development. ISSUE #3433 - March 2011 Editorial staff Cynthia Reid, Jennifer Seaton, Sincerely, Stefanie Appleton, Jill Harrison DESIGNER Heather Carpenter, Elyse Fair 297-8900 [email protected] Roy H. Williams www.okcchamber.com www.twitter.com/okcchamber Chamber CEO & President www.facebook.com/okcchamber oint! The Point (ISSN 1075-6264) is p he published monthly by the t Greater Oklahoma City Chamber, 123 Park Avenue, Oklahoma City, OK 73102. hamber c ity POSTMASTER: c dc visit: june 22-23 collier retirinG Send address changes to The Point!, 4 5 Greater Oklahoma City Chamber or e-mail [email protected]. klahoma o SUBSCRIPTIONS: $5 per year included in Chamber scHmoozapalooza: april 12 interns BeneFit oKc membership; nonmembers, 7 10 $25 per year within the U.S. Periodicals Postage paid at Oklahoma City. arch 2011 - Greater Advertising rates UPON REQUEST. m new cHamBer employees economic indicators Publisher reserves the right to refuse any advertising. 11 15 3 contents visit wasHinGton d.c. witH tHe cHamBer june 22-23 This June, Oklahoma City civic and business leaders will travel to Washington, D.C. to meet with Oklahoma’s congressional delegation as well as Pentagon officials. The visit gives chamber members an opportunity to discuss pressing issues such as transportation, education and funding for bioscience research, and more. The visit, june 22-23, is open to all chamber members. While visiting the nation’s Capitol, Oklahoma City delegates will meet with a number of legislators including Senators Jim Inhofe and Tom Coburn and Representatives Dan Boren, James lankford, Frank lucas and Tom Cole. Senator jim Inhofe will serve as the group’s host during their visit. The cost for the visit is $750 per person and includes one night’s lodging at The Westin Washington, D.C. City Center, located in the heart of the nation’s capital, and all affiliated events. Air travel to and from Washington, D.C. is not included, giving participants options for extending their stay for additional business in the area. For more information or to register for the trip, contact Meredith Manley at 405-297- 8964 or [email protected]. VISIT ‘11 JUNE 22-23 7.5 x 5 Journal Record ad:Layout 3 12/8/10 9:29 AM Page 2 The Right Fit Is Everything. Feeling a little uncomfortable with your current CPA firm? Then they must not be a good fit. Maybe they’re too small and can’t provide the expertise you need. Or maybe they’re too big and don’t care about your business at all. With HoganTaylor, however, you can get all the experience of the big guys, with all the care and personal attention you’d expect from a smaller firm. Don’t let your CPA relationship flounder. Get a firm that fits. oint! HoganTaylor. Big enough to know. p he ® t Small enough to care. hamber c ity c klahoma o ® HoganTaylor.com arch 2011 - Greater m 4 Bioscience impact (continued From paGe 1) “What amazes me is how much it has grown in the last two- plus years,” said Roy H. Williams, president and CEO, Greater Oklahoma City Chamber. “The numbers have increased in every area, in terms of taxes, compensation, economic activity. It’s now a significant part of our economy, and it’s on a growth path.” The chamber hopes that the study’s findings will help show Oklahoma legislators the importance of seed capital programs and the need to support organizations such as eDge and OcAST, which provide money to Oklahoma’s bioscience companies. “The bioscience industry is having an incredible impact on our economy,” said Williams. “One of Oklahoma City’s greatest strengths is its diverse economy, and it’s necessary for us to The study was part of the Battelle Strategic Planning process, support growing industries in every way possible.” which recently updated the Chamber’s bioscience strategic plan, Broken down into specific sectors, hospitals had the largest and provided updated economic impact data on this industry impact and contributed $2.6 billion in direct spending and $4.4 cluster. billion in total economic activity. The total impact of private For more detailed information on both reports, bioscience companies was $1.9 billion, while research and visit www.greateroklahomacity.com/bio.
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