VeloCity February 2025

2024 ANNUAL REPORT GREATER OKC CHAMBER'S ECONOMIC DEVELOPMENT DEPARTMENT DRIVES GROWTH IN 2024

2024 was a standout year for economic development in Greater Oklahoma City, marked by substantial growth and the diversification of job opportunities across multiple sectors.

Oklahoma City is rapidly evolving into a hub for talent development, with a strong focus on preparing individuals for the demands of a dynamic economy. The Chamber launched the state’s first chapter of FAME in partnership with three employers and OSU-OKC, which invested $1.4 million to create the Advanced Manufacturing Lab. OKCFAME offers local students classroom education and hands-on experience for careers in advanced manufacturing. The Chamber’s 2024 Business & Talent survey also revealed key trends empoyers are focused on in their future workforce: • New jobs in 2025 will demand talent in professional, customer service, and engineering roles. • There’s a growing emphasis on “soft” skills across industries. • Employers seek critical thinking, problem-solving, and communication from K-12 students. • Problem-solving, tech skills, and project management are valued in higher education graduates. • Employers want to engage with K-12 institutions to raise awareness of industry opportunities.

Chamber assisted companies announced plans for the creation of nearly 6,000 jobs in industries ranging from aerospace, manufacturing, transportation, professional services and more. Highlights include MyDefense A/S, a Danish aerospace technology manufacturer, expanding to OKC, and Nortek Data Center Cooling creating 400 new jobs. The Chamber also continued to focus resources onpreparing Oklahoma City’s workforce for the future. • 5,888 total jobs • $61,029 average wage • $359,340,975 total payroll • $664,865,000 total capex • $33,461,360 local tax revenue • The Chamber assisted in 100 recruitment and BRE projects.

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