August 2019 • Chairman‘s Update • Project Updates & Events • Important Dates • Economic Development Briefs • New Members • Oklahoma Treasurer’s Monthly Report • Recent Roundtable Activities • Calendar • Commerce/Workforce News Chairman’s Update It is my pleasure to serve as your Chairman for FY 2019-2020 and to report that we continue to have strong membership, a focused program of work and an outstanding Board of Directors from across Oklahoma who are leading our effort. We just held a very successful “standing room only” annual meeting in Tulsa that included a frank conversation about Oklahoma’s economic future with Governor Stitt and Commerce Secretary Sean Kouplen. My take is that there is a renewed focus on business retention and development with special Brenda G. Rolls emphasis on improving the workforce pipeline and equipping our communities and companies with the relevant tools and services to help them grow. Both leaders asked for advice and input from our mem- bers as they build an enhanced strategic economic development plan for the state. Many of you are already in- volved in that effort. Our stated mission is: Business Leadership Advancing Oklahoma’s Economy. We do this by serving as the state’s primary economic development “support” organization providing vital private funding to assist our Governor, Lieutenant Governor, Commerce Department and our many statewide partners. We address this by supporting business expansion, recruitment, start-up and workforce development activities. Projects include assisting workforce development; trade and investment missions; marketing Oklahoma glob- ally; hosting prospects, site location consultants and dignitaries; economic development strategic planning ef- forts; and sponsoring special business development events. Just recently, the Roundtable assisted the Governor and Commerce Department with important business calls at the world’s largest aerospace trade show in Paris. The project had two priorities – assist our Oklahoma- based companies with sales and inviting other global aerospace companies to expand or locate new operations in our state. As an initial result, Pratt and Whitney has already announced expansion here. 1 This past year, the Commerce Department worked directly on projects creating 8,700 new jobs (with an aver- age salary of over $63,000) and over $2.6 billion in capital investment. In addition, there has been even more in new and announced private sector investment. This year, thanks to your support, the Roundtable has also provided funding for 13 strategic economic devel- opment projects. These include efforts to better network our manufacturing community, attract talent and grow the workforce pipeline, encourage entrepreneurship/start-up, and targeted national and international marketing. For every dollar the Roundtable spends on these projects, $6 more is invested by the private sector in growing Oklahoma. Thank you for being a key partner in our state’s comprehensive economic development effort and for your continued membership and support. I look forward to working with our outstanding Board of Directors, our community partners and the new state administration as we grow Oklahoma, together. Sincerely, Brenda G. Rolls, Chairman Important Dates Roundtable Membership Meeting Wednesday, October 2, 2019 Oklahoma History Center, Oklahoma City 4:30-6:00 p.m. Membership Meeting 6:00-7:00 p.m. Networking Reception Roundtable Executive Briefing Wednesday, March 4, 2020 Oklahoma History Center, Oklahoma City 4:00-5:00 p.m. Executive Briefing featuring G. Scott Clemons Partner and Chief Investment Strategist of Brown Brothers Harriman 5:00-6:00 p.m. Networking Reception Roundtable Executive Briefing Wednesday, June 17, 2020 Southern Hills Country Club 4:30-6:00 p.m. Membership Meeting 6:00-7:00 p.m. Networking Reception 2 New Members The Roundtable welcomes the following new members: • CCK Strategies, Tulsa - John Curzon • MidFirst Bank, Oklahoma City - Todd Dobson • OSU-OKC, Oklahoma City - Brad Williams • Zeeco, Inc., Tulsa - Darton Zink Recent Roundtable Activities Annual Meeting Held in Tulsa Over 150 Roundtable members and guests attended the Oklahoma Business Roundtable’s annual meeting at Southern Hills Country Club in Tulsa on June 12. Guest speakers were Governor Kevin Stitt and Commerce Secretary Sean Kouplen. Both leaders were interviewed by Roundtable Chairman Bill Anoatubby in a unique “conversation” format which also included Q&A from the membership. The leaders discussed successful legislative initiatives and ongoing efforts to streamline and improve state government services. Economic Roundtable Board meeting development highlights included $19 million in funding for the state’s in Tulsa closing fund (for major projects) and focused programs to support aerospace, automotive and entrepreneurial/small business growth. The new state budget also includes significant investments in classroom funding, teacher pay raises, and criminal justice reforms. The Roundtable Board of Directors approved the annual budget which is targeted to support economic development efforts of the state leaders, Commerce Department and partnering communities and organiza- tions. Special grants were approved for 13 statewide projects. Members elected Brenda Rolls, Frontier Electronic Systems, Stillwater, as the Chairman of the Board for FY 2019-2020. Governor Bill Anoatubby, outgoing Chairman of the Board, was recognized for his outstanding leadership of the organization this year. Roundtable membership remained strong with 155 members as of June 30, 2019. FY 2019 - 2020 Officers and Directors Selected Oklahoma Business Roundtable officers elected for the upcoming year are Chairman Brenda Rolls, Frontier Electronic Systems, Stillwater; Chairman-Elect/ Vice Chairman Chris Scully, Dell Technologies, Oklahoma City; Secretary/ Treasurer Steve Hendrickson, The Boeing Co., Tulsa; and Immediate Past Chair- man Bill Anoatubby, The Chickasaw Nation, Ada. New members elected to the board of directors are Joseph Cunningham, Blue Cross Blue Shield of Oklahoma, Tulsa; John Patrick Lopez, Lopez Foods Inc., FY 2019 - 2020 Roundtable Oklahoma City; and Dave Stewart, MidAmerica Industrial Park, Pryor. Chairman Brenda Rolls with (continued) Immediate Past Chairman Bill Anoatubby 3 Continuing on the board of directors are Mita Bates, Ardmore Development Authority, Ardmore; Scott Dewald, Rural Enterprises of Oklahoma Inc., Durant; Dave Kollmann, Flintco, Tulsa; and Chad Richison, Paycom Software Inc., Oklahoma City. Ex officio members are: Fred Morgan, The State Chamber of Oklahoma; Mike Neal, Tulsa Regional Chamber of Commerce; and Roy Williams, Greater Oklahoma City Chamber of Commerce. Ann Ackerman serves as President and CEO. Roundtable Grants Targeted to Statewide Economic and Community Development Projects For FY20 the Roundtable approved grant funding of $207,500 for 13 statewide economic development pro- jects. The grant projects will be enhanced with more than $1.6 million in additional funding. • Creative Oklahoma – Oklahoma Entrepreneur Mentoring Program • FIRST-Robotics – Tulsa and Oklahoma City Regional STEM competitions • Governor’s Economic Development Marketing Team – Recruitment missions and client hosting • i2E – Love’s Entrepreneurs Cup Collegiate Business Plan Competition • i2E – Oklahoma Bioscience Association & BIO Trade Show • OK Department of Career Technology – Oklahoma Education & Industry Partnership STEM Teacher Professional Development • Oklahoma Economic Development Council (OEDC) – Governor’s Economic Development & Workforce Summit • Oklahoma Governor’s International Team – Diplomatic Summit and Trade Events • Oklahoma Manufacturing Alliance – B2B Networking, Robotics & Education Forums for Industry • Oklahoma Medical Research Foundation – BIO Venture Forum • Oklahoma State Regents for Higher Education – Higher Education and the “Future of Work” Forum • Stitchcrew – Thunder LaunchPad Accelerator • Tulsa Community College – Unmanned Aerial Systems Conference For detailed project information, click here. Roundtable Membership Dues Invoices for Roundtable annual membership dues for FY20 (July 1, 2019 - June 30, 2020) were mailed in June. Thank you if you have already sent in your payment. Please let us know if you need a new copy of your invoice by emailing [email protected]. Checks can be mailed to the Roundtable office at 655 Research Parkway, Suite 420, Oklahoma City, OK 73104 or payments can be made online by clicking here. Commerce/Workforce News New and expanded industry projects worked directly by the Oklahoma Department of Commerce during the past 12 months show continued investment and job creation success. • 8,730 new jobs created • $63,332 average annual salary • New annual payroll exceeds $550 Million • $2.6 billion new investment • 71 projects announced 4 Selected New Statewide Location/Expansion Announcements In June, Google CEO Sundar Pichai announced additional WPX Energy has announced plans to build a $100 investment of $600 million at its data center campus, which million office complex in Tulsa’s Greenwood District. is located at the MidAmerica Industrial Park in Pryor. This brings the total investment to more than $3 billion, with increased local employment to more than 500 people. Name Industry City Conexus Logistics Logistics Tulsa ConsumerAffairs Digital Media Tulsa Corken, Inc. Manufacturing Oklahoma City Google Business Services Pryor Pratt & Whitney/UTC Aerospace Oklahoma City SYNQ3 Business Services Oklahoma City WPX