Community outcomes of jobs, wages, capital investment and tax base are established to measure if Chamber programs and activities are producing the desired results. If the community outcomes do not trend in the desired directions, our program strategies are adjusted. COMMUNITY INDICATORS AND TARGETED PROGRAM OUTCOMES
COMMUNITY OUTCOMES: Indicators that measure the impact of our collective efforts to attract/expand new jobs.
Metrics
5 Year Forward VI Goals (2021-2025) 20,000 – 24,000 jobs in five years 20% higher than the MSA average (Average wage: $52,781)
Program to Date (2021-2022)
2023 Goals
Jobs: Number of jobs created or retained through Chamber-assisted companies
10,228
4.000
Wages: Average wage of job created by Chamber- assisted companies
$46,955 (11% below avg. wage) (27% below target goal)
Target wage: $63,337
Investment: Capital Investment into the community from Chamber-assisted companies
$2 Billion
$1.14 Billion
$400 Million
Tax Base: The increase in tax base for Chamber- assisted efforts
$120 Million
$55.3 Million
$24 Million
COMMUNITY INDICATORS: Indicators that measure the impact of our collective efforts to enhance our region.
Economic Goal
Performance Metrics
Target
Actual
An active environment of new companies
The growth rate of establishments
at/above US average
+1.9% OKC vs. +4.0% US (2020-2021)
The percent of firms and number of jobs from startups and micro-firms (defined as Stage-One Companies - all firms with 2 to 9 employees). Growth in annual wages compared to the US
Firms (2021): 68.7% OKC vs. 67.2% US Jobs (2021): 27.4% OKC vs. 26.3% US
Livable wages for residents
at/above US average
3.1% OKC vs. 5.6% US (2020-2021)
A prepared workforce
Education: Competitive US rankings among key education metrics
at/above US average
1 metric above US avg. / 4 metrics below US avg.
Talent: Percent of professional/ technical workers as a percent of all workers National ranking of Greater Oklahoma City’s cost of doing business and cost of living in regions of similar size
at/above US average
15.7% OKC vs. 14.7% US (2021)
A competitive business climate
Cost of Doing Business: In the lowest quartile of metros with 1-2 million
Lowest Quartile (2nd lowest among 20 metros; 84.9 CODB Index)
Cost of Living: In the lowest quartile of all metros
Lowest Quartile (16th lowest of 265 cities; COLI 84.0)
Strong Business Growth
Jobs: Overall growth rate of jobs compared to US average and regional competitors
at/above US avg.
Jobs: +2.2% OKC vs. +3.4% US (2020-2021)
at/above Region
Jobs: +2.2% OKC vs. +3.0% Regional Competitors (2020-2021)
Output: Growth rate in GDP or GDP per capita (BEA data)
at/above US avg.
GDP: +0.9% OKC vs. +5.9% US (2020-2021)
11 THE GREATER OKLAHOMA CITY CHAMBER •
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