2019 At a Glance Datasheet

OKLAHOMA CITY GREATER

AT A GLANCE

123 Park Avenue | Oklahoma City, OK 73102 | 405.297.8900 | www.greateroklahomacity.com

TABLE OF CONTENTS Location..................................... 4 Climate........................................ 7 Population................................. 8 Transportation....................... 10 Housing.....................................13

Economy...................................14 Education..................................18 Income......................................22 Labor Analysis.......................23 Commercial Real Estate.....24

Tax Rates..................................25 Utilities......................................26 Incentives.................................27 Available Services..................31

Ranked No. 1 for Best Large Cities to Start a Business.

-WalletHub, 2017 & 2018

2

GREATER OKLAHOMA CITY:

With the second lowest cost of living of any major metropolitain area, balanced with high wages and the best place to start a business for the second year in a row, the Greater Oklahoma City area remains one of the best places to live, work and play. The list of reasons you should build your business in our region is growing – almost as quickly as the list of reasons why people love living here. In Greater Oklahoma City, we understand that partnership among business, government and civic leaders

is integral to our success. Our low costs, diverse economy and business-friendly environment have kept the economic doldrums at bay, and provided value, stability and profitability to our companies – and now we’re poised to do even more. Let us introduce you to the thriving 10-county region that is Greater Oklahoma City: a region that has rediscovered its strengths – and redefined itself for the future.

“ A TOP 5 METRO FOR YOUNG

ENTREPRENUERS. - LENDING TREE

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LOCATION

The Oklahoma City Metropolitan Statistical Area (MSA) includes seven counties: Oklahoma, Canadian, Cleveland, Grady, Lincoln, Logan, and McClain. Oklahoma City is the 27th-largest city and 41st-largest metropolitan area in the United States. The Greater Oklahoma City Partnership region extends to include three additional counties — Kingfisher, Payne and Pottawatomie —to provide a broad economic development area.

CITY OF OKLAHOMA CITY AREA: 621 square miles - the third largest geographic area for a city in the nation. OKLAHOMA CITY MSA: 5,581 square miles THE GREATER OKLAHOMA CITY REGION: 7,978 square miles

1,500 miles

1,000 miles

500 miles

OKLAHOMA CITY ELEVATION: 1,285 feet above sea level

Source: U.S. Census Bureau, City of OKC

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THE GREATER OKLAHOMA CITY REGION E GREATER OKLAHOMA CITY GION

Stillwater

Yale

Hennessey

PAYNE

Cushing

Perkins

Crescent

KINGFISHER

LOGAN

Langston

Guthrie

Kingfisher

§¨¦ 35

Chandler

§¨¦ 44

Edmond

Luther

LINCOLN

Kilpatrick Turnpike

CANADIAN OKLAHOMA Jones

El Reno

§¨¦ 40

Spencer

Yukon

Choctaw

§¨¦ 235 

Harrah

Prague

Midwest City

Oklahoma City

McLoud

Tinker AFB

Mustang

UnionCity

§¨¦ 240

Will Rogers World Airport

§¨¦ 40

Moore

CLEVELAND

Shawnee

Minco

BethelAcres

Tuttle

Tecumseh

Pink

Newcastle

Norman

Lake Thunderbird

§¨¦ 44

Noble

Goldsby

§¨¦ 35

Slaughterville

Chickasha

GRADY

Lexington

Ninnekah

MCCLAIN

<5,000 5,000 - 10,000 >10,000 POPULATION LEGEND <5,000 5,000 - 10,000 11,000 - 20, POPULATION LEGEND

RushSprings

21,000 - 5 ,000 51,000 - 100,000 >100,000

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5

REGIONAL COMMUTER PATTERNS This map shows the 10-county Partnership region and the commuting pattern between each county. The number listed in the county is the percentage of residents who stay in their home county to work. The lines

between counties show the percentage of residents who travel to other counties to work. For the purpose of clarity, only commuter flows of 5 percent and above are pictured below.

PAYNE 75%

KINGFISHER 56%

LOGAN 23%

15%

11%

27%

63%

7%

LINCOLN 30%

CANADIAN 25%

OKLAHOMA 87%

35%

53%

5%

6%

12%

7%

6%

32%

39%

POTTAWATOMIE 53%

53%

43%

CLEVELAND 40%

10%

8%

GRADY 37%

25%

MCCLAIN 23%

SOURCE: LEHD, 2017

From To Canadian Cleveland Grady Kingfisher Lincoln Logan Mcclain Oklahoma Payne Pottawatomie Outside of region Canadian 13,316 3,305 480 464 115 271 337 36,466 337 463 6,714 Cleveland 2,268 40,590 518 124 148 229 2,069 53,867 718 1,407 13,062 Grady 1,034 1,699 6,435 94 44 81 969 6,689 140 204 4,347 Kingfisher 347 164 53 2,950 11 120 27 1,320 88 41 1,798 Lincoln 193 504 69 43 3,274 78 42 3,369 1,082 1,328 2,248 Logan 420 719 48 185 76 3,604 69 10,056 598 149 2,567 McClain 367 3,011 391 54 29 43 3,095 5,235 81 152 2,726 Oklahoma 9,440 19,916 974 629 652 2,136 1,262 246,786 2,332 2,380 34,279 Payne 316 744 53 91 325 239 71 3,719 18,046 278 8,820 Pottawatomie 418 1,598 73 53 494 71 164 6,923 377 11,976 4,731

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CLIMATE The average annual temperature is 61° F (high 72°, low 51°) with an average rainfall of 36.5 inches and average snowfall of 7.6 inches per year. The average number of flying days is 350 per year – the same number of days you’ll see the sun shining in Oklahoma City.

AVERAGE LOW - HIGH

July........72° - 94° Aug........71° - 93° Sep........63° - 85° Oct.........52° - 73° Nov........40° - 62° Dec........31° - 51°

Jan.........29° - 50° Feb........33° - 55° Mar.........41° - 63° April......50° - 72° May........60° - 80° June......68° - 88°

WEATHER ANNUAL AVERAGES

Clear / partly cloudy days................... 235 Rainy days*................................................. 82 Precipitation..............................36.5 inches Snowfall..........................................7.6 inches Wind speed..................................... 11.4 mph

SOURCE: NOAA, COMPARATIVE CLIMATE DATA, 30 YEAR AVERAGE * ANY PRECIPITATION EXCEEDING 0.01 INCHES

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REGIONAL COMMUNITY POPULATION

City

2018 Population

Percent Growth 2010-2018

Bethany Chickasha Choctaw Edmond

20,722 15,987 12,687 94,518 17,660 10,888 59,259 61,757 19,179 124,453 673,590 31,065 49,975 10,954 25,067

8.77% 0.00% 13.83% 16.11% 5.43% 6.84% 8.99% 12.12% 10.26% 12.20% 16.14% 4.04% 9.38% 9.07% 10.38%

El Reno Guthrie

Midwest City

Moore

Mustang Norman

Oklahoma City

Shawnee Stillwater Warr Acres

Yukon

Source: ESRI BUSINESS ANALYST, 2018 (populations over 10,000)

Oklahoma City is the most populous city in the state of Oklahoma. From 2010 to 2018, Oklahoma City’s metro population grew by nearly 14 percent and has experienced a 1.55 percent average annual growth rate. In 2018, the Oklahoma City MSA population was estimated to be 1,421,953 while the city of Oklahoma City’s population was 673,590. Between 2010 and 2015, the Oklahoma City MSA was the 10th-fastest-growing large metro in the country and has grew twice as fast as the nation. POPULATION

2018 POPULATION BY ETHNIC GROUP & RACE % White % Black

% American Indian % Asian % Hispanic Origin*

Oklahoma City

60% 62% 69% 70% 70% 70%

15% 16% 11% 10%

4% 4% 4% 5% 9%

5% 4% 4% 3% 2% 6%

20% 18% 14% 13% 11% 18%

Oklahoma County, OK

OKC MSA*

Greater OKC**

Oklahoma

8%

USA

13%

1%

*Persons of Hispanic Origin may be of any race, which may cause area total to not equal 100% Source: Esri Business Analyst, 2018; U.S. Census

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SINCE 2010, THE OKC METRO POPULATION HAS GROWN TWICE AS FAST AS THE NATION.

Population Totals

Population Annual Growth Rates

2010 Total Population (U.S. Census)

2018 Total Population (Esri)

2023 Total Population (Esri)

2010-2018 Population: Annual Growth Rate (Esri)

2018-2023 Population: Annual Growth Rate (Esri)

Oklahoma City

579,999 718,633 1,252,987 1,414,813 3,751,351

673,590

727,618 866,394 1,526,436 1,704,208 4,198,113

1.83% 1.49% 1.55% 1.46% 0.89% 0.81%

1.56% 1.31% 1.43% 1.35% 0.79% 0.83%

Oklahoma County

811,910

OKC MSA*

1,421,953 1,593,959 4,086,178

Greater OKC**

Oklahoma

USA

308,745,538 330,088,686 343,954,683

Source: Esri Business Analyst, 2018; U.S. Census

REGIONAL COUNTY POPULATION

Population % Growth

Population Annual Growth Rates

Population Totals

2000-2010 Population Annual Compound Growth Rate (U.S. Census)

2018-2023 Population: Annual Growth Rate (Esri)

2010 Total Population (U.S. Census)

2018 Total Population (Esri)

2023 Total Population (Esri)

Population % Growth (2010-2018)

2010-2018 Population: Annual Growth Rate (Esri)

Region

Canadian County Cleveland County

115,541

140,748 157,506

18.08% 2.80%

2.42% 1.50% 0.90% 0.91% 0.62% 1.39% 2.04% 1.49% 0.86%

2.28%

255,755 289,140 311,648

8.66% 5.93% 6.07% 3.15% 10.29% 13.49% 9.79% 5.69%

2.09% 1.42% 0.77% 0.66% 2.12% 2.21% 0.85% 1.27%

1.51%

Grady County

52,431 15,034 34,273 41,848

56,436

58,860 16,845 37,183 50,091 44,754

0.84% 0.79% 0.62% 1.32% 1.89%

Kingfisher County Lincoln County Logan County McClain County

16,196

36,059 46,904

34,506 40,756

Oklahoma County 718,633

811,910 866,394

1.31%

Payne County Pottawatomie County

77,350 82,987

86,302

0.79%

69,442

72,823

74,625

4.84%

0.58%

0.58%

0.49%

*OKC MSA includes the 7-county metro: Oklahoma, Cleveland, Canadian, Grady, Lincoln, Logan and McClain counties **Greater OKC includes the 10-county region: Oklahoma, Cleveland, Canadian, Grady, Lincoln, Logan, McClain, Payne, Pottawatomie, & Kingfisher counties

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TRANSPORTATION Oklahoma City is as easy to reach as it is to navigate, with commute times averaging about 20 minutes or less with minimal congestion. MAJOR HIGHWAYS SERVING AREA: Interstate 35..........................................North and South Interstate 40.............................................. East and West Interstate 44...............................................Northeast and Southwest Interstate 235................................Connects I-35 & I-40 & U.S. 77 HIGHWAYS The Greater Oklahoma City area has more than 2,400 miles of highways and interestates. The highest concentration being 384 miles of roadway in Oklahoma County where the crossroads of I-35, I-40, and I-44 meet in Oklahoma City. Freight carriers and truck transportation run efficiently on the 646 miles of interstates in the region and minimal congestion.

Interstate 240.................................. Interconnects I-40, I-44 & I-35 U.S. 62................................................ East and Southeast U.S. 77 (Broadway Extension) .............North and South U.S. 270.................................Southeast and Northwest U.S. 277................................................................ Southwest work on multiple turnpikes in the Oklahoma City and Tulsa areas. For the Oklahoma City area, a Eastern Oklahoma County Corridor will be created with 21 miles of new turnpike to connect I-44 to I-40, and the Southwest Kilpatrick Extension will create 7 miles of new roads to connect I-40 to State Highway 152/Airport Road. Airport Road runs just north of Will Rogers World Airport, giving another route to the airport with the Southwest Kilpatrick Extension. 7.5 Miles of the HE Bailey Turnpike near Newcastle widened lanes and enhanced safety have already been completed, and Driving Forward hopes that all projects will be complete by 2020. For more information on the Driving Forward project visit DrivingForwardOK.com. AIR Will Rogers World Airport is the Greater Oklahoma City region’s major commerical airport. The airport has seven airlines, 28 nonstop flights, and about 85 total daily departures. The airport is located a short drive from downtown Oklahoma City with easy access to three major interstates.

Starting in the third quater of 2016, the $892-million Driving Forward project began

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Will Rogers World Airport sits on more than 8,000 acres of land and provides a wide array of development opportunities. The airport operates on three runways, two 9,800-ft parallel to one another and one 7,800-ft crosswind runway, allowing the airport to accommodate any size aircraft. Will Rogers World Airport recently began expansion of the airport, adding four new gates, a consolidated security screening area, greeting lobbies and an observational mezzanine. Learn more about Will Rogers World Airport at FlyOKC.com. In addition to Will Rogers World Airport, Stillwater Regional Airport (SWO) offers daily jet service to Dallas Fort/Worth (DFW). With just one connection you can travel to more than 200 domestic and 40 international destinations. The Oklahoma City region also has two reliever airports, Wiley Post Airport and Max Westheimer Airport. Wiley Post Airport is located in Northwest Oklahoma City providing mostly

business aviation. Max Westheimer Airport in Norman, owned by the University of Oklahoma, is mostly used for general aviation. Greater Oklahoma City also boasts several other general aviation airports including Oklahoma City’s Clarence E. Page Airport and the Shawnee Regional Airport. Flyer, with service to Fort Worth, Texas. The train departs from the historic Santa Fe Depot at the front door of Bricktown - Oklahoma City’s entertainment district. The Heartland Flyer now offers a bike service for those looking to explore Fort Worth car- free. Two Class I lines provide most of the rail transportation in the Greater Oklahoma City region: Union Pacific and BNSF Railway. These lines have more than 4,000 miles of track and connnect Oklahoma communities with other U.S. cities, markets, and ports. TRAIN Amtrak service is provided via the Heartland

DISTANCE AND DELIVERY TIME FROM OKLAHOMA CITY TO MAJOR U.S. CITIES Major Cities Distance (Miles) Delivery (Days) Highway Rail Motor Carrier Rail Atlanta 868 1,006 2 4 Chicago 896 846 2 3 Dallas 200 388 1 7-8 hours Denver 630 792 2 2 Detroit 1,086 1,230 2 4 Houston 437 638 1 1.5 Kansas City 339 379 1 1 Los Angeles 1,367 1,489 2 6 Memphis 474 583 1 2 New Orleans 718 1,000 2 3 New York 1,548 1,592 3 7 St. Louis 462 539 1 1 Seattle 2,021 2,360 3 5

Same Day: Dallas, Houston, Chicago, Denver, Memphis Overnight: Los Angeles, New York, Atlanta, Detroit

SOURCES: UPS, FEDEX, CON-WAY FREIGHT

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NON-STOP AIR SERVICE

Seattle

Philadelphia

New York/Newark

Baltimore

Salt Lake City

Chicago O’Hare

San Francisco

Las Vegas

Denver

Washington D.C.

Los Angeles

St. Louis

Charlotte

Nashville

OKC

Phoenix

Dallas Love Field Houston Hobby

Atlanta

Dallas/ Ft. Worth

Destin

Houston Inter.

Orlando Sanford

San Antonio

Miami

NON-STOP SERVICE Atlanta.......................................................................Delta Baltimore....................................................... Southwest Charlotte Douglas .................................................. American Chicago Midway.......................................... Southwest Chicago O’Hare..............................American, United Dallas Love Field......................................... Southwest Dallas/Ft. Worth............................................ American Denver........................... Southwest, United, Frontier Destin................................................................Allegiant* Detroit........................................................................Delta Houston/Hobby.......................................... Southwest Houston/Intercontinental................................ United Las Vegas................................... Allegiant, Southwest Los Angeles.............................. Allegiant*, American Miami................................................................. American

Minneapolis..............................................................Delta Nashville........................................................Southwest* New York/Newark...............................................United Orlando........................................ Frontier, Southwest* Orlando Sanford............................................ Allegiant* Philadelphia......................................................American Phoenix......................................Southwest, American Salt Lake City..........................................................Delta San Antonio......................................................Frontier* San Francisco....................................................... United Seattle..................................................................... Alaska St. Louis.......................................................... Southwest Washington D.C. Dulles.................................... United Washington Reagan.................................. Southwest All flights are subject to change without notice. * Seasonal Service

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This vibrant, active city is even more livable because of its affordability. Unlike many metropolitan areas today, you can afford to live comfortably in a quality home, while still enjoying the area’s arts, entertainment and recreational opportunities. Explore the neighborhoods layered with personality, colorful art enclaves and plenty of clean, green spaces. Learn more about housing in Oklahoma City at abetterlifeokc.com/housing. HOUSING: MOVING TO OKLAHOMA CITY

“ Oklahoma City Ranks No. 2 for Best Cities for First Time Homebuyers. - SmartAsset

The Council for Community and Economic Research (C2ER) Cost of Living Index shows that Oklahoma City is 28.1 percent below the national average* in terms of housing costs.

NEW HOME AVERAGE SALES PRICE •$244,210 for 2,400 sq. ft. new-build home AVERAGE RENTAL RATE •$828 per month for 2-bed, 2-bath, 950 sq. ft., unfurnished apartment

AVERAGE HOME SALES PRICE •$197,038 (new construction and resale) SOURCE: *C2ER COST OF LIVING INDEX, 2018 ANNUAL AVERAGE; (NATIONAL AVERAGE FOR APPROXIMATELY 300 URBAN AREAS); OKLAHOMA CITY METROPOLITAN ASSOCIATION OF REALTORS, AVG HOME SALES FOR 2018.

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ECONOMY MAJOR INDUSTRIES:

• Bioscience: Oklahoma City’s Bioscience presence is generating national and international attention. The sector employs more than 51,000 statewide. Companies within this industry are dedicated to providing Bioscience goods and services, as well as education and research testing. • Energy: Oklahoma City is the Energy capital of the state. Energy accounts for approximately 3 percent of metro employment but more than 10 percent of total compensation. The

The economy of the Greater Oklahoma City region is diverse. While federal, state and local government are the largest employers and the oil and natural gas sector generates the largest revenues, the area’s major private sector economic contributors include:

• Aviation & Aerospace: With the largest concentration of aviation and aerospace firms in the state, the Greater Oklahoma City region’s 236 firms employ 36,600 workers – and growing. Nearly 65 percent of the workforce at Tinker Air Force Base - the largest single site employer in the state – consists of civilian contractors and service providers.

sector draws its strength from several Energy companies with headquarters in the city.

Memphis 80.6 Oklahoma City 84.6 Indianapolis 92.8 Pittsburgh 99.1 Atlanta 101.8 Denver 113.2 Chicago 123.2 Boston 150 Seattle 154.8 Washington DC 162.6 San Francisco 196.3 Manhattan 248.5 Cost of Living Index

TOTAL EMPLOYMENT BY SECTOR- GREATER OKC REGION

100 = average of reporting communities

19,000

SOURCE: C2ER COST OF LIVING INDEX, ANNUAL AVERAGE 2018

41,000

83,000

133,000

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#8 FASTEST MEDIAN WAGE GROWTH - FORBES

BIOSCIENCE IN OKC The biosciences are big business in

• Wholesale and Retail Trade: Oklahoma City’s central location and

Oklahoma City as the industry employs at least 51,000 statewide. Read more about the industry at www.greateroklahomacity.com/ biotech.

accessibility have made it a vital crossroads for commerce. The convergence of I-35, a major north- south interstate, and I-40 and I-44, major east-west interstates, and numerous U.S. and State Highways position Oklahoma City as a major wholesale and retail trade center. For the year 2018, the Oklahoma City MSA had estimated total taxable retail sales of $23.8 billion. with 31 countries represented by foreign- based subsidiaries in the region. More than 40,000 are employed by these companies, which provide a broad range of products and services. AEROSPACE IN OKC The aerospace industry employs more than 36,600 workers in the Greater Oklahoma City region. Read our study on the industry at www.greateroklahomacity.com/industries/ aviation-and-aerospace. • International: The Greater OKC metro area boasts a substantial international presence,

• Health Care: As one of the nation’s major centers of healthcare delivery, the Oklahoma City region employs more than 82,000 health care sector

workers. Our 36 general medical and surgical hospitals and 9 specialized hospitals combine to offer outstanding healthcare. • Manufacturing: This broad category includes metals and machinery; building materials; food products; and medical devices and equipment. With more than 38,000 employed, the manufacturing sector represents approximately 6 percent of the Greater Oklahoma City’s total nonagricultural labor force. • Professional, Business & Financial Services: Similar to the healthcare sector, the Greater Oklahoma City region provides business and financial services to a market that extends beyond state boundaries. This sector makes up 18 percent of the metro’s total workforce with more than 125,000 employees.

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COST OF DOING BUSINESS - SELECT METRO COMPARISON

Metro

Cost of Doing Business Unit Labor Cost

Energy Cost

State & Local Tax

Index

Rank

Index Rank Index

Rank Index

Rank

Oklahoma City, OK 86 Kansas City, MO 95

3

103 106

26 33

72 101 97 107

1

63

6

16 21

22 76 18 62 29 2 13 62

15

Nashville, TN Indianapolis, IN

98

101 92 92

21

4

91

9 6

4 5

35

San Antonio, TX 89

90

3

Source: Moody's North American Business Cost Review, 2018. Index US Average=100; Rank of 1 is most favorable Source: Moody’s North American Business Cost Review, 2018. Index US Average=100, metro areas over 1 million population; Rank of 1 is most favorable

“OKC HAS SOME OF THE LOWEST BUSINESS COST IN THE U.S.” - BUSINESS FACILITIES

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LEADING EMPLOYERS: The following table shows the major employers in the Oklahoma City metropolitan area.

COMPANY

PRODUCT/SERVICE

EMPLOYEES

State of Oklahoma Tinker Air Force Base

Government

47,300 24,000 12,700 7,000 6,000 5,100 5,000 4,700 4,500 3,400 3,300 3,000 3,000 3,000 2,950 2,700 2,500 2,500 2,460 2,100 2,000 1,800 1,800 1,800 1,800 1,700 1,700 1,600 1,400 1,400 1,300 1,300 1,200

Military

University of Oklahoma - Norman

Higher Education

FAA Mike Monroney Aeronautical Center

Aerospace Health Care

INTEGRIS Health

Hobby Lobby Stores Inc

Wholesale & Retail

University of Oklahoma Health Sciences Center Higher Education

City of Oklahoma City Mercy Hospital OGE Energy Corp OU Medical Center

Government Health Care

Utility

Health Care Health Care

SSM Health Care of Oklahoma, Inc. University of Central Oklahoma

Higher Education

The Boeing Company

Aerospace Health Care

Norman Regional Hospital

Telecommunications

AT&T

Paycom

Technology

Devon Energy Corp

Oil & Gas

Sonic Corp

Wholesale & Retail Higher Education

Oklahoma City Community College

Midfirst Bank

Finance Oil & Gas

Chesapeake Energy Corp

Dell UPS

Sales & Business Services

Transportation

Love’s Travel Stops & Country Stores

Retail

BancFirst

Finance

Hertz Corporation Enable Midstream American Fidelity Cox Communications Farmers Insurance Group

Rental Services

Oil & Gas

Finance/Insurance Telecommunications Customer Service Beverage Distribution

Great Plains Coca-Cola Bottling Company

Johnson Controls Bank of Oklahoma

Manufacturing

Finance Oil & Gas

1,100 1,080 1,000 1,000 1,000

Continental Resources

Dolese Bros. Co.

Manufacturing

INTEGRIS-Deaconess Hospital

Health Care

Rose State College

Higher Education

*Indicates headquarters in the MSA; employee counts subject to change SOURCE: THE GREATER OKLAHOMA CITY CHAMBER

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EDUCATION

K-12 EDUCATION: The Greater Oklahoma City Region offers a variety of choices in K-12 Education. Our 10-county area enrolls more than 277,000 students in the public school system. Harding Charter Prep High School, Classen School of Advanced Studies, Dove Science Academy, Edmond North High School and the Oklahoma School of Science and Math (OSSM) are regularly recognized on the U.S. News & World Report’s Best High Schools in the Nation list. A total of 55 schools in our region have been recognized as National Blue Ribbon Schools. Our region gives parents diverse educational options with 34 public charter schools and 30 private and parochial schools recognized by the Oklahoma Private School Accreditation Commission. WORKING TOGETHER Civic, business and education leaders developed a blueprint that has forever changed the area’s largest school district, Oklahoma City Public Schools. Near completion, MAPS for Kids is a comprehensive education reform plan that raised $700 million for Oklahoma City Public Schools and surrounding school districts. In addition to building seven schools and renovating 65 others, the comprehensive plan implemented strategic academic reforms; improved student achievement; restored classroom discipline; and increased accountability with students, parents and the community.

EDUCATIONAL ATTAINMENT (POPULATION 25 YEARS AND OVER)

Less than High School Graduate... 11.6% High School/Technical School....... 27.2% Some College...................................... 24.3% College Graduate or Higher............37.0%

SOURCE: CENSUS, 2013-2017 AMERICAN COMMUNITY SURVEY (1 YEAR ESTIMATE); OKC MSA

This innovative vision for our school system was reaffirmed in November 2016 when voters overwhelmingly approved a $180 million bond. This type of support helped earn Oklahoma City a spot as one of the “100 Best Communities for Young People” by the America’s Promise Alliance in 2005, 2007, 2008, 2010, 2011 and 2012.

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TOP 20 DEGREE COMPLETIONS IN THE GREATER OKLAHOMA CITY REGION

Social Sciences 990

Liberal Studies 2,020

Family & Consumer Science 572

Psychology 877

Physical Sciences 386

Visual & Performing Arts 913

Engineering Technologies 403

Education 1,409

Engineering 2,032

Multi/ Interdisciplinary Studies 997

Computer & Information Science 651

Public Admin 294

Agriculture & Related Sciences 601

Biological & Biomedical Sciences 933

Protective Services 592

Communcation & Journalism 824

Parks, Recreation & Leisure 371

Health Professionals 3,094

Law 370

Business 4,672

Graduates 294

4,670+

SOURCE: OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION, 2017-2018

HIGHER EDUCATION In the Greater Oklahoma City area,

offering programs and services in 29 technology center districts operating on 58 campuses, 395 comprehensive school districts, 16 skill centers and three juvenile facilities. Not only do these centers provide training to high school and post- secondary students, they also provide invaluable training services to a variety of businesses in a number of different skill areas.

there are 15 public and private colleges and universities, including two research universities, Oklahoma State University and the University of Oklahoma. These institutions of higher learning provide thousands of undergraduate and graduate degree opportunities to over 138,000 students. Oklahoma also has a nationally acclaimed Career and Technology system,

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AREA COLLEGES & UNIVERSITIES

2017-2018 Enrollment

University of Oklahoma OU Health Sciences Center

32,024

State, four-year State, four-year State, four-year State, four-year State, two-year State, four-year State, two-year State, four-year State, two-year State, two-year Private, four-year State, four-year Private, four-year Private, four-year Private, four-year Private, four-year State, four-year Private, four-year Private, four-year

3,401

OU Law Center

926

Oklahoma State University

27,743

Oklahoma State University - Oklahoma City 8,793

OSU School of Veterinary Medicine Oklahoma City Community College University of Central Oklahoma

429

18,002 18,864 10,295 2,794 3,301 2,641 2,532 2,843 2,263

Rose State College

Redlands Community College Oklahoma City University

Langston University

Mid-America Christian University Oklahoma Christian University Oklahoma Baptist University Southern Nazarene University*

2,186 995

University of Science & Arts of Oklahoma Southwestern Christian University*

764 371

Randall University Total Enrollment

141,167

SOURCE: OKLAHOMA HIGHER EDUCATION ENROLLMENTS BY INSTITUTION PUBLIC AND PRIVATE (2017-2018) , OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION; IPEDS DATA CENTER Total includes 207-2018 full academic year (fall, spring, summer) enrollment; *fall 2017 enrollment used when complete info is not available

CAREERTECH TRAINING INSTITUTIONS

2017-2018 Enrollment Location

Canadian Valley Technology Center - All Sites

29,180 24,715

El Reno

Francis Tuttle - All Sites

Oklahoma City Oklahoma City

Metro Technology Centers/Springlake Campus 18,741

Meridian Technology Center Mid-America Technology Center Gordon Cooper Technology Center

15,076 11,664 10,185 9,924

Stillwater

Wayne

Shawnee Norman

Moore Norman Technology Center - All Sites Mid-Del Technology Center - All Sites

6,131

Midwest City

Eastern Oklahoma County Technology Center 3,408

Choctaw

Total Enrollment*

129,024

SOURCE: OKLAHOMA DEPARTMENT OF CAREER AND TECHNOLOGY EDUCATION, 2017-2018 *Total enrollment includes ACD, industry specific traning and full-time enrollment .

20 20

GREATER OKLAHOMA CITY REGION COLLEGES AND UNIVERSITIES DEGREE COMPLETION AND ENROLLMENT

ENROLLMENT 2017-18

5 YEAR AVERAGE

DEGREES 2017-18

5 YEAR AVERAGE

PROGRAM OF STUDY

Agriculture and Related Sciences Architecture and Related Services Biological and Biomedical Sciences Communication and Journalism Communications Technologies Computer and Information Science Business

2,596

2,531

601

560 102 827

560

520

118

6,942 19,536

5,955

933

20,959

4,672

4,542

3,815

3,876

824

861

46

78

32

38

3,517

3,716

651

630

Construction Trades Culinary Services

56 141

69

13 18

13

153

22

Education Engineering

6,520 10,041 3,201

7,293 10,176 3,694

1,409 2,032

1,487 1,698

Engineering Technologies

403 252

408 255

English Language and Literature Ethnic, Cultural, and Gender Studies Family and Consumer Science

1,102

1,162

114

118

27

41

2,459

3,025

572 152

634 166

Foreign Languages Health Professions

695

724

17,164

17,190 3,094

3,201

History

989

988

157

183 557 344

Homeland Security and Protective Services

3,008 1,449 23,805

3,009

592 370

Law

1,223

Liberal Arts and Sciences

27,873

2,020

2,179

Library Science

117

121

69

56

Mathematics and Statistics

1,049

996 246

201

183

Mechanic and Repair Technologies Multi/Interdisciplinary Studies Natural Resources and Conservation

176

47

88

2,920

3,020

997

1,121

275

278

92

77

Parks and Recreation Philosophy and Religion

2,534

2,306

371

344

351

327

76

76

Physical Sciences

3,156 5,063

3,673 4,969

386 877 294

392 851 279

Psychology

Public Administration Science Technologies

806

740

132

88

10

14

Social Sciences

3,946

3,732

990

807

Theology

666 594

845 509

102 125 913

96 116

Transportation and Materials Moving

Visual and Performing Arts

5,325 1,664

4,984 1,902

854

Other

7

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Grand Total:

136,530

143,051

24,499

24,125

Does not include proprietary institutions who do not report to the Oklahoma State Regents for Higher Education. Source: Oklahoma State Regents for Higher Education Productivity Report, Septemper 2018

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Oklahoma City’s cost of living consistently ranks below the national average, allowing one’s paycheck to stretch further. Oklahoma City also offers some of the most affordable housing, transportation, utilities, groceries and gas in the U.S., and residents still have more disposable income than in other cities. See the cost of living calculator in the “About Oklahoma City” section of www.okcchamber.com/ costofliving . INCOME Median Household Income ($50,256) Under $15,000............................................................................... 72,581............................................. 11.8% $15,000 - $24,999....................................................................... 62,622............................................10.2% $25,000-$34,999........................................................................64,952............................................10.6% $35,000-$49,999....................................................................... 84,220............................................ 13.7% $50,000 - $74,999...................................................................... 113,916............................................ 18.5% $75,000 - $99,999.......................................................................77,324............................................ 12.6% $100,000 - $149,999.................................................................. 83,785............................................13.6% $150,000 - $199,000...................................................................28,981............................................. 4.7% $200,000+...................................................................................... 27,016............................................. 4.4% Total Households.................................................615,406 INCOME # Households Per Income Category % of Total Households

SOURCE: ESRI BUSINESS ANALYST 2018 OKC MSA

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LABOR ANALYSIS

UNEMPLOYMENT RATE The unemployment rate for the Oklahoma City metropolitan area in 2018 averaged 3 percent, ranging from as low as 2.6 percent to as high as 3.8 percent. Increases in the area’s population and labor force have kept pace with economic growth, keeping the region’s unemployment rate low in comparison to the nation.

TOTAL EMPLOYMENT BY INDUSTRY Information..............................................................................1.2% Other Services........................................................................2.4% Natural Resources and Mining..........................................3.6% Construction............................................................................4.9% Financial Activities................................................................5.4% Manufacturing.........................................................................5.6% Leisure and Hospitality........................................................12.1% Education and Health Services........................................13.6% Professional and Business Services................................13.8% Trade, Transportation and Utilities..................................18.5% Government.............................................................................19.0%

LABOR ANALYSIS 2017 Labor Force.......................... 683,640 Employed............................... 661,230 Unemployed......................... 22,409 Underemployed................... 166,000 Unemployment Rate......... 3.3%

U.S. DEPT. OF LABOR, BUREAU OF STATISTICS, OKLAHOMA CITY MSA; NEW YORK FEDERAL RESERVE, 2018; CHMURA JOBSEQ

SOURCE: BUREAU OF LABOR STATISTICS QCEW; 2018 EMSI; OKLAHOMA CITY MSA

AVERAGE HOURLY WAGE SCALES OF SELECTED OCCUPATIONS

Position

Entry Wage Average Wage

Material Handler ............................................................ $8.84................................$13.91 Forklift Driver.................................................................. $10.82............................... $17.71 Customer Service Rep................................................. $9.73.............................. $15.42 Computer Support Specialist................................... $13.69..............................$21.87 Machinist........................................................................... $13.40............................ $21.20 Team Assembler............................................................. $9.83.............................. $14.32 Executive Assistant....................................................... $14.09............................$22.74 Computer Programmer............................................... $20.20............................$38.18 Accountants and Auditors......................................... $19.29............................ $33.89 Registered Nurse........................................................... $21.17............................. $29.63 Total, all occupations...........................................$8.67........................ $20.84

SOURCE: OKLAHOMA EMPLOYMENT COMMISSION, OKLAHOMA WAGE NETWORK; OKC MSA, MAY 2018

OKLAHOMA HAS BEEN A RIGHT TO WORK STATE FOR NEARLY TWO DECADES

23

COMMERCIAL REAL ESTATE Oklahoma City’s construction climate, one of the most competitive in the United States, makes building a facility an affordable and viable option. Costs of commercial and industrial construction are significantly lower here than in most areas throughout the Southwest, including Dallas, Houston, Phoenix and Denver, according to the RS Means Square Foot Costs survey. INDUSTRIAL SITES The Greater Oklahoma City Chamber maintains a comprehensive online database, www.okcedis.com , of industrial buildings and sites for the Greater Oklahoma City region. Customized site or building searches, site and building tours or build-to-suit

proposals are available. Office Rental Rates Class A Office Quote

Industrial Rental Rates

Flex/R&D Quote

$8.23 $5.72 3.9%

$23.09 $18.63 $15.56 $20.22

Warehouse-Distribution Quote

Class B Office Quote Class C Office Quote Central Business District Ave. Quote Suburban Markets Ave. Quote Average Vacancy Rate

Average Vacancy Rate

Retail Rental Rates Lease Rates Average Vacancy Rate* 4.8% *based on weighted avg. lease rates in 17 submarkets $6.44-$20.05

$15.36-$20.82

7.5%

SOURCE: CBRE, COSTAR REPORTS, 2018

Location Factor Index / Commercial Construction

City

Index Value

Oklahoma City

0.84 0.84 0.86 0.88 0.90 0.90 0.92 0.97

San Antonio

Dallas

Phoenix Denver Omaha

Indianapolis Kansas City Pittsburgh Minneapolis

1.01 1.07

Chicago 1.21 Source: RSMeans Square Foot Costs, 2019

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TAX RATES In 2009, the state voted to reduce personal income tax to 5.25 percent followed by further reductions to 5 percent in 2016. Oklahoma’s taxation and regulatory policies are competitive, both regionally and nationally.

“OKC RANKS AS THE BEST RUN LARGE METRO FOR THE 2ND YEAR IN A ROW” -WALLET HUB

Tax Rate

Corporate Income Tax�������������������������������������������������������������������������������������������������������������������6% Sales Tax (State & Local) �������������������������������������������������������������������������������������������������� 8.625%* State Personal Income Tax ����������������������������������������������������������������������������������������������������������5% Ad Valorem (Property Tax) Real Property.......................................................................Less than 1% of assessed value Personal (Machinery & Equipment) �������������������������������������������������1.5% of market value

Unemployment Compensation Tax - 1.5% on first $17,600 of payroll and 0.1% to 5.5% after two years experience

*Local sales tax based on City of Oklahoma City rate of 4.125%. Local tax rates vary by city and county from 3% to 5%. SOURCE: OKLAHOMA TAX COMMISSION

25

UTILITIES

ELECTRICITY - AVERAGE COST PER KWH Region

ENERGY COSTS AND PROVIDERS The 10-county Greater Oklahoma City region has two investor-owned electric utilities providing most of the electric service to the region. Oklahoma Gas and Electric Company and Public Service Company of Oklahoma vary in rates. There are also several municipally owned energy providers in the Greater Oklahoma City region. OG&E Energy Corp., is a fully regulated utility. In July 2018, Edison Electric Institute reported that an average 1,000kW/400,000kWh monthly industrial bill in Oklahoma would be $24,647/$0.062 per kWh. For the same consumption, the average bill in Texas would be $30,465/$0.077 per kWh and the US average would be $41,057/$0.103 per kWh. The average cost of industrial electricity in Oklahoma City is 6.2 cents per kWh. This rate is 38% below the national average. Visit www.oge.com Oklahoma Natural Gas’ tariffs range from small commercial/industrial using 1,000 Dth to facilities using in excess of 450,000 Dth per year. Rates are determined by factors such as annual revenue and capital investment expenses incurred. Visit www.oneok.com.

All Sectors Electricity

Residential Electricity

Industrial Electricity

Greater OKC 9.19¢

10.38¢ 10.35¢ 10.64¢ 13.09¢ 12.24¢

5.96¢ 7.42¢ 7.14¢

Arkansas

9.14¢ 9.15¢

Texas

Kansas

11.56¢ 11.14¢

10.06¢

USA 9.23¢ Source: U.S. Dept of Energy, U.S. Energy Information Administration, Annual Electric Power Industry Report (2017)

GREATER OKLAHOMA CITY UTILITIES:

ENERGY Electricity in the Oklahoma City region is provided by: OGE Energy Corp., Canadian Valley Electric Cooperative, City of Stroud, Edmond Electric, Kingfisher Public Works Authority, Oklahoma Electric Cooperative, Public Service Company of Oklahoma, and Stillwater Electric Utility. Natural Gas provided by Oklahoma Natural Gas Company. WATER - CITY OF OKLAHOMA CITY Capacity.......................... 278,000,000 gpd STORAGE CAPACITY- CITY OF OKLAHOMA CITY Present Load................... 99,000,000 gpd Peak Load....................... 212,000,000 gpd WASTEWATER/SEWER - CITY OF OKLAHOMA CITY Treatment Capacity...... 111,000,000 gpd Present Load....................65,000,000 gpd *Rates vary depending on municipality

Guthrie ranks as one of the best small towns in the South. -Southern Living

26

STATE INCENTIVES

OKLAHOMA QUALITY JOBS PROGRAM – 10 YEAR CASH INCENTIVE Companies can directly receive up to 5% of new payroll in the form of quarterly cash payments for up to 10 years. Visit www.GreaterOklahomaCity.com for complete details and requirements associ- ated with incentives. OKLAHOMA QUALITY JOBS – SMALL EMPLOYER PROGRAM Allows qualifying small businesses (500 employees or less) to receive up to 5% cash-back incentive for up to seven years to locate or expand in Oklahoma. 21ST CENTURY QUALITY JOBS INCENTIVE PROGRAM – 10 YEAR CASH INCENTIVE Created to attract certain growth industries by rewarding businesses with a highly skilled workforce. Companies can receive up to 10% on new payroll for up to 10 years. INVESTMENT/NEW JOBS TAX CREDITS Provides growing manufacturers a significant tax credit based on investment in depreciable property or the addition of full-time employees engaged in manufacturing, processing, or aircraft maintenance. A 1% tax credit of qualified investment for five- years totaling 5%. Tax credit doubles in enterprise zones or for investments worth over $40M.

QUALITY JOBS & INVESTMENT TAX CREDIT Qualifying companies typically have to choose either the Quality Jobs Program OR the Investment/ New Jobs Tax Credit benefits. Qualifying manufacturing companies will have the option of receiving both of these incentives depending upon eligibility requirements, including and revenue positive determination by the state. AUTOMATIC 5% AREAS FOR OKLAHOMA QUALITY JOBS PROGRAM For the Quality Jobs Program, companies locating in “Automatic 5% Counties” may qualify for a 5% net benefit rate. Within “Opportunity Zones”, in addition to a 5% net benefit rate, average wage requirements may be waived in the Quality Jobs Program.

Norman is a Top 10 city to kickstart your career. -WalletHub

27

FIVE-YEAR AD VALOREM TAX EXEMPTION This exemption is for new, expanded or acquired manufacturing, research/ development or specific computer/ data processing service facilities. Real estate, machinery and equipment used directly in the manufacturing process are eligible. SALES TAX EXEMPTIONS FOR MANUFACTURERS Machinery, equipment and tangible personal property used in design, development and manufacturing are exempt from sales tax. Inputs and consumables used in the manufacturing process are also exempt from sales tax. Oklahoma also provides for a sales tax exemption on the energy consumed in the manufacturing process. Consistently ranked as one of the top programs in the nation, Oklahoma’s Training for Industry Program (TIP) provides customized training and resources to qualifying new and expanding Oklahoma companies at little or no cost to the company. Delivered through the state’s Career Technology Centers, TIP ensures that companies have a productive workforce from the start. RECRUITMENT RESOURCES To facilitate the recruitment process, the Oklahoma Employment Securities CUSTOMIZED EMPLOYEE TRAINING

Commission (OESC) will pre-screen eligible applicants to meet the specifications outlined within job descriptions, test applicants for aptitudes in specific skills and provide any personnel functions necessary to ensure recruitment success. OKLAHOMA AEROSPACE ENGINEERING TAX CREDIT Provides tax credits to engineers hired by or contracting with aerospace companies. Additional tax credits are also given to

28

Credits, Former Indian Lands Tax Credit, Aerospace Industry Engineer Workforce Tax Credit, OK Community ED Pooled Financing for infrastructure-related construction, CDBG/EDIF, Economic Development Pooled Finance Incentive and Limited Industrial Road Assistance. Contact Chamber staff for more on any of these programs. OPPORTUNITY ZONES The Greater Oklahoma City Region has several areas designated as “opportunity zones” following the 2017 Investment in Opportunity Act. New investments in these less developed areas are eligible for tax incentives which increase based on the longevity of time the investment is held. Read the Oklahoma City Opportunity Zones investment prospectus at www. okcopportunityzones.com.

the companies that hire those engineers along with 50% tuition reimbursement for qualified employees. The purpose of the incentive is to enhance the state’s ability to attract and retain a top-notch workforce pool for the Oklahoma aerospace industry. OKLAHOMA AUTOMOTIVE ENGINEERING TAX CREDIT For the Quality Jobs Program, companies locating in “Automatic 5% Counties” may qualify for a 5% net benefit rate. Within “Opportunity Zones”, in addition to a 5% net benefit rate, average wage requirements may be waived in the Quality Jobs Program. OTHER ASSISTANCE PROGRAMS Additional assistance programs include: Sales Tax exemptions, Veterans Inclusions, Foreign Trade Zones, Financing Programs, Export Assistance, Government Contracting Assistance, New Market Tax

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