During our Industry Forecast program Tuesday, March 14th, we heard from Eric Long, Research Economist for the Oklahoma City Chamber of Commerce. During his presentation, Eric covered Oklahoma’s economic status from 2016 and also covered a look ahead for 2017, including some trends in the A/E/C industry and some stats on Business Development employment. Below is a bulleted list of some of these statistics:
- In the first half of 2016, the economy was optimistic and encouraging but the second half was not as good.
- It was the second time in 26 years that the average monthly employment numbers went down.
- In 2017 there is anticipation for flat growth and an addition of 2,200 jobs.
- There was a worldwide loss of 400,000 oil and gas jobs in 2016.
- The state of Oklahoma unemployment was greater than the national unemployment rate.
- Oklahoma City is one of the top ten fastest growing metros in the country.
- There is a 34% increase expected in 2017 for construction.
- 30% of Business Development jobs are in Oklahoma City while 17% of them are in Tulsa
- Tulsa is outperforming Oklahoma City in Engineering jobs.
- The Oklahoma City economic team is working on 48 active projects. These projects range from companies that are thinking about relocating, existing companies who are expanding or companies deciding where they want to be.
- Oklahoma City is becoming a more hip place to be and people are wanting to live here. Companies such as Boeing are choosing Oklahoma City and are moving people here and investing in our community.
Some helpful websites to visit:
OKCEDIS.com – Originally was used as site selectors and for companies wanting to relocate to OKC. Is also updated every week for commercial real estate, forms are available to use for demographic research as well as business features.
Policy Map – National level program that aggregates census information.
Oklahoma Employer Locator – Helps to find businesses located in Oklahoma by county and industry.
Reference USA – Available through the library. A nationwide search for businesses.