#TulsaChamber GROW IN A VIBRANT REGION

Transcription

1 #TulsaChamber GROW IN A VIBRANT REGION

2 THE TULSA REGION HAS A LONG HISTORY OF BUSINESS SUCCESS, starting with the oil boom in the early 1900s that brought many oil barons to the city. Oil was discovered just south of Tulsa in 1905 yielding the sweetest crude the world had ever seen. At one time, this city was the largest oil-producing center on earth, with more than 400 oil companies located here. Tulsa soon became known as the OIL CAPITAL OF THE WORLD. Since that time, MANY OTHER INDUSTRIES HAVE FOUND SUCCESS HERE: manufacturing, aerospace and transportation to name a few. Because of area s low cost of doing business and skilled workforce, it is an ideal location for business growth. As a result, today Tulsa is a vibrant city with many diverse, profitable industries and an everexpanding array of living and entertainment opportunities. REGIONAL PARTNERS Bixby Metro Chamber of Commerce Broken Arrow Chamber of Commerce & ED Corporation The Cherokee Nation City of Bixby City of Bristow City of Broken Arrow City of Claremore City of Collinsville City of Jenks City of Okmulgee City of Owasso City of Sand Springs City of Sapulpa City of Skiatook City of Tulsa CIEDA Grand River Dam Authority INCOG Jenks Chamber of Commerce Miami Area Economic Development Service MidAmerica Industrial Park Muscogee (Creek) Nation Muskogee City - County Port Authority Okmulgee Area Development Corporation The Osage Nation Owasso Chamber of Commerce Skiatook Chamber of Commerce Stillwater Chamber of Commerce Tulsa Airports Improvement Trust Tulsa County Tulsa Port of Catoosa Tulsa Regional Chamber Wagoner County Economic Development Authority 2

3 HOME TO ONE OF THE WORLD S LARGEST AVIATION AND AEROSPACE MAINTENANCE BASES. American Airlines 3.3-million-square-foot Maintenance & Engineering Center is one of the largest of its kind in the world. Besides maintaining its own fleet, American also provides third-party aircraft maintenance. 4

4 GROWING ENERGY SECTOR. Energy plays a significant role in the region s economy, employing thousands and contributing to a diverse economy. Highlights of recent growth in Tulsa/northeast Oklahoma include the establishment of Calyx Energy, Atalaya Resources and Intensity Midstream, plus expansions of Magellan Midstream Partners, Blueknight Energy Partners and RAM Energy. Other well-known energy companies include Williams, ONEOK, ONE Gas, Helmerich & Payne, Cimarex and HollyFrontier Corp. NURTURING PROGRESSIVE CORPORATIONS. The region is home to headquartered companies and regional offices including FlightSafety, QuikTrip Corp., US Cellular, ONE Gas, Verizon, Bank of Oklahoma, The Bama Companies, Williams Companies and NORDAM. For the fourteenth straight year, convenience store giant QuikTrip once again captured a spot on Fortune magazine s 2016 list of the 100 Best Companies to Work For. QuikTrip employs nearly 18,000 people nationwide. 6 7

5 INVESTING IN ITS TRANSPORTATION SYSTEM. Tulsa International Airport (TUL) has completed a five-year, $150 million capital improvement plan for 22 projects, including the total renovation of its terminals and existing infrastructure. Aside from its 4,000 acres, the airport has an additional 700 acres considered shovel ready. The airport serves nearly three million annually from the four-state region of northeast Oklahoma, Kansas, Missouri and Arkansas. HOME TO THE NATION S MOST INLAND WATER PORT. The Tulsa Port of Catoosa offers year-round, ice-free barge service with river flow levels controlled by the U.S. Army Corps of Engineers, and is located at the head of navigation for the McClellan-Kerr Arkansas River Navigation System in northeast Oklahoma. The port s 2,000-acre industrial park is a fully equipped, multimodal transportation center. 9

6 PRODUCING HIGHLY SKILLED WORKERS AT ITS MANY COLLEGES AND UNIVERSITIES. The Tulsa Region is home to seven progressive colleges and universities that have thousands of welltrained graduates each year. Both state schools, OSU-Tulsa and OU-Tulsa, provide higher ed/graduate degrees right here in the city. The University of Tulsa has a long list of notable undergraduate degrees, a law school and a petroleum engineering school rated among the best in the nation. Oral Roberts University is known for its graduate seminary, nursing and social services programs. Oklahoma s largest community college, Tulsa Community College, offers four area campuses. Spartan School of Aeronautics is one of the premier aviation and flight schools in the country. Tulsa Tech, the oldest and largest tech school in the Oklahoma CareerTech system is located here too. Whatever your field of business, you ll find qualified new hires here to help grow your business. ATTRACTING YOUNG, CREATIVE TALENT. With more than 8,000 members, Tulsa s Young Professionals (TYPros) is considered among the largest organizations of its kind in the United States and serves as a best practices role model for other metro regions. Part of its mission is to attract and retain college graduates and young professionals

7 CONSIDERED AN ACCEPTING AND INCLUSIVE COMMUNITY. Mosaic, the Chamber s diversity business council s primary focus is to create awareness about the competitive advantage of having a diverse and inclusive business climate in our region. Mosaic seeks to leverage the region s diversity to improve perceptions of our community and grow the economy. Ultimately, Mosaic wishes to catapult the Tulsa region into the forefront of diversity and inclusion through talent recruitment initiatives and business retention and expansion efforts. Mosaic s mission is to educate, lead and influence businesses on creating diverse and inclusive workforce cultures to enhance their competitive advantage. mosaic TRAINING STUDENTS TO DEFEND AMERICA S CYBERSPACE. The University of Tulsa (TU) was recently ranked in the top 100 national universities in U.S. News & World Report s Best Colleges TU s Institute for Information Security (isec) faculty and staff have produced some of the country s leading professionals in information security, digital forensics, Internet security and telecommunications security

8 INVESTED MORE THAN $1 BILLION IN PUBLIC/PRIVATE MONEY INTO DOWNTOWN. A new arena, new office towers, a renovated convention center, new hotels, new lofts, more parking, street improvements, better walkability/way-finding, new street lighting, new parks, new retail, new bars and restaurants, a new ballpark, new art centers, new and improving entertainment venues, and more are found in downtown Tulsa. When famed architect César Pelli unveiled his design concept for Tulsa s 18,000-seat BOK Center, he described a structure full of movement, speed and life that will speak to the 21st century. The BOK Center joins famous Pelli-designed structures such as the World Financial Center and Carnegie Hall Tower in New York City, Canary Wharf Tower in London and the U.S. Embassy in Tokyo. 15

9 RENOVATED AND EXPANDED THE CONVENTION CENTER. Tulsans invested more than $50 million into the Cox Business Center. The 200,000-square-foot convention center offers 35 breakout rooms, a 9,000-seat arena and Oklahoma s largest ballroom. An additional $50 million has been pledged for even more improvements thanks to the recently passed Vision Tulsa initiative. MOVED BALLPARK TO THE HEART OF DOWNTOWN. The Tulsa Drillers, the city s AA baseball club, is part of the oldest professional sports franchise in the city of Tulsa. Professional baseball began in Tulsa in 1905 and has been played here for over 100 years. The city recently moved the team into a downtown ballpark, ONEOK Field, which seats 6,200 per game and brings in an estimated 400,000 attendees and $55 million per year. DEVELOPING THE RIVERFRONT AND ENTERTAINMENT DISTRICTS. A Gathering Place for Tulsa will transform nearly 100 acres of Tulsa s waterfront along the Arkansas River into a $350 million multi-purpose park rivaling any in the country. The park, centrally located, will include features such as a lodge, boathouse, nature walks, two land bridges connecting the two sides of river parks, sporting areas and a pond. Other highlights include the $335 million Margaritaville at River Spirit Casino, in addition to the highly popular Hard Rock Hotel & Casino and Osage Casino. The Oklahoma Aquarium, as well as new retail, restaurant and residential developments, grace both sides of the Arkansas River

10 ANCHORED BY RIVER PARKS AND TRAILS THAT EXTEND 50 MILES AROUND THE CITY. Tulsa River Parks is an 800-acre city park that runs for more than 26 miles along the banks of the Arkansas River, connecting downtown to south Tulsa with landscaped trail and picnic areas. Private donors raised $111 million for trail enhancements, including the $3 million QuikTrip Plaza. A Gathering Place for Tulsa, a new $350 million 100-acre park, broke ground in late 2014 adjacent to the River Parks offering residents a world-class, one-of-kind destination for all to enjoy. EMERGING CENTERS OF ART AND ENTERTAINMENT. The legendary Cain s Ballroom, and the haunted national treasure Brady Theater together bring more than 100,000 visitors to Tulsa s downtown every year. Bars, restaurants and a burgeoning community of artists living and working downtown form the nucleus of Tulsa s A&E district. 19

11 BUILDING A BRIGHTER FUTURE THROUGH THE TULSA S FUTURE PROGRAM. Since 2006 Tulsa s Future has created more than 44,000 jobs and added more than $2.9 billion to the region s economy. 47 new businesses have been created and 431 businesses have expanded. New community development projects have been funded for river development, infrastructure and schools. The region is actively working to attract talent via ChooseTulsa.com and other workforce initiatives. Tulsa and northeast Oklahoma offer many great things, and they all add up to create an ideal place for the location of your next business relocation or expansion. Starting back in the days of the oil boom and continuing today, many businesses have found success here thanks to our educated workforce, low cost of doing business, central location and ease of transportation. You ll also find Tulsa a welcoming city with an active community that s perfect for your employees and their families or visiting business associates. You ll discover that when looking for the right mix of business productivity and quality of life, the Tulsa Region is the right place to grow your business. More than 118 public and private sector investors including 25 regional partners in northeast Oklahoma support Tulsa s Future s efforts

12 POPULATION GROWTH RATES PERCENTAGE OF CHANGE Tulsa MSA 9.1% 3.5% Oklahoma 8.7% 3.1% U.S. 9.7% 4.1% Source: U.S. Census Bureau/Demographics Now May 2016 COST OF LIVING INDEX TULSA MSA AS PERCENT OF U.S. AVERAGE COST OF DOING BUSINESS AS PERCENT OF U.S. AVERAGE Tulsa MSA 86.0% Tulsa MSA Composite Index 86.0% Grocery 94.3% Housing 64.6% Utilities 97.9% Transportation 93.0% Health Care 94.6% Miscellaneous 93.8% Source: C2ER Year End 2015 Source: Precis Metro, Moody s Economy.com, December 2016 PER CAPITA PERSONAL INCOME SELECT GEOGRAPHIES Source: Bureau of Economic Analysis, May 2016 Source: Demographics Now May Growth Rate U.S. $41,438 $46, % Tulsa MSA $47,857 $49, % Tulsa County $54,302 $56, % Oklahoma $38,960 $43, % ESTIMATED MIX OF EDUCATION ATTAINMENT AS PERCENT OF AGE 25+ POPULATION Tulsa MSA Oklahoma U.S. Grade K 8 2.9% 3.7% 4.7% Grade % 9.0% 8.1% High School Graduate 29.9% 31.8% 28.2% Some College, No Degree 24.5% 24.3% 21.2% Associate s Degree 8.4% 7.0% 7.8% Bachelor s Degree 17.6% 15.7% 18.0% Graduate Degree 7.8% 7.7% 10.7% UNEMPLOYMENT RATE AND STATISTICS Employment Unemployment Labor Force Unemployment Rate March 2016 March 2016 Feb Jan Mar Oklahoma 1,788,145 81,745 1,869, % 4.2% 4.1% 4.2% Tulsa MSA* 457,758 22, , % 4.7% 4.3% 4.0% U.S. 151,320,000 7,966, ,286, % 4.9% 4.9% 5.5% Arkansas 1,303,901 55,007 1,358, % 4.2% 4.4% 5.5% Kansas 1,452,997 59,721 1,512, % 4.0% 4.0% 4.3% Louisiana 2,026, ,939 2,158, % 5.9% 5.9% 6.6% Missouri 3,031, ,303 3,164, % 4.2% 4.2% 5.3% New Mexico 861,318 59, , % 6.4% 6.5% 6.5% Texas 12,696, ,214 13,273, % 4.3% 4.5% 4.4% *Not adjusted for seasonality RECENT RANKINGS No. 1 city among top 100 U.S. metros on growth and inclusion (Brookings Institute 2016) No. 2 city among top 10 U.S. cities for first-time homebuyers (Smartasset.com 2016) No. 3 nationally for new and expanded facilities among tier II cities (Site Selection 2016) No. 6 best state for lowest overall tax burden (WalletHub.com 2016) No. 9 best city nationally for starting a business (WalletHub.com 2016) No. 11 among best states for taxes/lowest overall tax burden (Forbes 2016) 22 23

13 Tulsa Regional Chamber, Economic Development Williams Center Tower I One West Third Street, Suite 100 Tulsa, OK Ph: GrowMetroTulsa.com 2016 Tulsa Regional Chamber