Oklahoma's best business offer: Innovation

Oklahoma's traditional industries of agriculture and energy are combining with emerging fields like aerospace and technology to create one of the fastest-growing economies in the U.S.

Our business-friendly laws, educated and cost-competitive labor force and forward-thinking business incentives all combine to offer businesses—domestic and foreign—a compelling value-added proposition.

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Source: Office of Gov. Mary Fallin

Our state government continues to be committed to business-friendly policies that set the state for private-sector job growth. By embracing pro-growth policies like tax cuts, reining in the size of government and reducing the regulatory burden on job creators, Oklahoma's economy has soared. Here are some of the numbers that tell the tale of Oklahoma's dramatic economic resurgence:

  • Oklahoma's unemployment rate dropped from a high of 7.2 percent in 2010 to 4.6 percent today, one of the lowest rates in the nation.
  • Since January 2011, Oklahoma has seen a net increase of nearly 80,000 jobs.
  • Oklahoma's per capita income grew by more than 6 percent from 2011 to 2013, the second-highest rate in the nation.
  • The state's savings account—the Rainy Day Fund—has increased from just $2.03 in 2011 to more than half a billion dollars today.

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Oklahoma offers a low cost of living, a high quality of life, and a pro-business and pro-jobs governor and state legislature. Companies from around the world are taking notice. In the last few years, some of the largest corporations and organizations in the country and the world have made significant investments in the Sooner State:

  • Boeing relocated its C-130 Avionics Modernization Program and B-1 Program from Long Beach, California, to Oklahoma City in 2011. It also moved its B-52 and 767 tanker operations, including the Air Force One fleet, there as well, along with a total of 1,800 employees.
  • GE is building a $110 million Global Research Center in Oklahoma City. Dedicated to advancements in the oil and gas sector, it will result in the creation of 125 high-tech engineering jobs.
  • The U.S. Department of Homeland Security has selected the state as the first testing and research site for unmanned aerial systems.
  • Macy's announced the creation of a new disbursement center in Owasso, Oklahoma, expected to employ 2,500 full- and part-time workers.

Working with companies interested in investing in Oklahoma will continue to be a focus of mine and my team of economic development professionals at the Oklahoma Department of Commerce. Oklahoma is open for business and ready to work with you and for you.

—By Oklahoma Gov. Mary Fallin