Community outcomes of jobs, wages, capital investment and tax base are established to measure if Chamber programs and activities are producing the desired results. COMMUNITY INDICATORS AND TARGETED PROGRAM OUTCOMES
COMMUNITY OUTCOMES: Indicators that measure the impact of our collective efforts to attract/expand new jobs.
5 Year Forward VI Goals* (2021-2025) 20,000 – 24,000 jobs in five years 20% higher than the MSA average or $63,337 (Ave. wage $52,781)
Program to Date** (2021-2024)
Metrics
2024 Goals/Results
Goal – 4,000 Results – 5,888
Jobs: Number of jobs created or retained through Chamber-assisted companies
20,058**
$54,555** (3% avg. wage; 14% target)
Goal - $63,337 Results - $61,029
Wages: Average wage of job created by Chamber-assisted companies
Goal - $400 Million Results - $664.8 Million Goal - $24 Million Results - $33.4 million
Investment: Capital Investment into the community from Chamber-assisted companies
$2 Billion
$3 Billion**
Tax Base: The increase in tax base for Chamber-assisted efforts
$120 Million
$132.9 Million**
* FOKC VI was originally scheduled to be a 5-year program but will end early in 2024. Goals in this column have not been adjusted downward to reflect a four-year period. ** Results exclude one major project (Southern Rock Energy Partners Refinery); impacts will be included when additional project details are finalized. Project details: Jobs – 423; Wages - $92,200; Investment - $5.5 billion; Tax Base - $227.6 million
COMMUNITY INDICATORS: Indicators that measure the impact of our collective efforts to enhance our region.
Actual (2023 reporting – several indicators have lag time in reporting)
Economic Goal
Performance Metrics
Target
Jobs: Overall growth rate of jobs compared to US average and regional competitors Output: Growth rate in GDP or GDP per capita (BEA data)
at/above US avg. at/above Region
Jobs: +3.5% OKC vs. +2.1% US (2022-23) Jobs: +3.5% OKC vs. +2.3% Reg. Competitors (2022-23) GDP: -0.6% OKC vs. +1.9% US (2021-22)
Strong Business Growth
at/above US avg.
Cost of Doing Business: In the lowest quartile of metros with 1-2 million Cost of Living: In the lowest quartile of all metros
A competitive business climate
Lowest Quartile (2nd lowest among 20 metros; 84.9 CODB Index)
National ranking of Greater Oklahoma City’s cost of doing business and cost of living in regions of similar size
Lowest Quartile (20th lowest of 276 cities; Annual 2023 COLI 85.1)
Livable wages for residents
Growth in annual wages compared to the US
at/above US average
4.4% OKC vs. 3.4% US (2022-2023)
The growth rate of establishments The percent of firms/# of jobs from startups and micro-firms (defined as Stage-One Companies-firms with 2 to 9 employees). Education: Competitive US rankings among key education metrics Talent: Percent of professional/technical workers as a percent of all workers
+6.7% OKC vs. +3.0% US (2022-2023)
An active environment of new companies
at/above US average
Firms (2022): 66.4% OKC vs. 64.5% US Jobs (2021): 26.9% OKC vs. 25.7% US
at/above US average
1 metric above US avg. / 4 metrics below US avg.
A prepared workforce
at/above US average
18.6% OKC vs. 18.8% US (2023)
11 • BOARD ORIENTATION 2025
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