2021 February POINT!

okcchamber.com

February 2021

OKC METRO FORECAST FOR JOB GROWTH IN 2021

The Chamber’s annual Greater Oklahoma City Economic Forecast has been released, and details factors that point to improved economic conditions as the nation gradually exits the pandemic.

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IN THIS ISSUE:

14|Q&A on new 2.7-acre innovation district development 11|City council, school board seats to be decided Feb. 9th 10|Need to network? The Chamber can help

OKC metro forecast for job growth in 2021

Unemployment rates remain low after significant fluctuation The Oklahoma City metro completed 2020 with an annual average unemployment rate of 6.5%, with monthly unemployment rates ranging as low as 2.7% in March and as high as 14.8% in April. Heading into the pandemic, the Oklahoma City MSA had the lowest unemployment rate among all large metros in the nation; and the lowest again in September. Unemployment rates in the final five months of the year closely paralleled what the metro saw coming out of the 2009 recession. Value of construction projects According to Dodge, in 2020 the total construction value of tracked contract projects (residential, non- residential, and non-building infrastructure) in the Oklahoma City MSA was $3.5 billion, 6 percent less than the prior year. The largest positive gains were found in hotels and motels, hospitals & health, and religious buildings. The largest declines were in office & banks, government service, and miscellaneous nonresidential buildings. For 2021, total construction value of contract projects is forecasted by Dodge to be relatively flat and decline by 3%, with small positive gains in both non-residential and residential. A large 21% decline is

expected in non-building (bridges, water supply systems and other), bringing total construction value into negative territory compared to 2020. Job growth and announcements from Chamber-assisted companies 2020 brought about the fifth year of a five-year economic development program called Forward Oklahoma City V. This is the fifth iteration of the Forward campaign that has provided longer term strategic planning to the region’s economic development initiatives over the past twenty-five years. Since 2016, 23,914 jobs with payroll in excess of $1.2 billion, and $2.2 billion in capital investment has been announced by Chamber-assisted companies. In 2020, 49 Chamber-assisted companies announced plans for the creation of 3,866 jobs with an annual average salary of $54,983. In addition, those same companies announced more than $307 million in capital investment and $212 million in payroll. The Greater Oklahoma City Chamber ended 2020 with 58 active projects in its economic development pipeline. The pipeline tracks companies or projects that are potentially looking to relocate or expand in the Greater Oklahoma

I n 2021, the Oklahoma City metro should benefit from improved economic conditions as the nation gradually exits the pandemic economic reality and the bottom to the current energy cycle. Combined, these factors set the stage for a return to more traditional growth in 2022 as the Oklahoma City region builds upon pre- pandemic levels of economic activity. These findings are part of the Chamber’s annual Greater Oklahoma City Economic Forecast which provides a comprehensive analysis of the national, state and metro economies. It details historic trends, a snapshot of the current situation, as well as a forecast for the coming year. Overall in 2020, year-over-year nonfarm annual job growth declined by 3% (19,700 jobs) in the Oklahoma City MSA. The largest percentage year-over-year job gains were found in transport/warehouse/utilities (+3.2%), retail trade (+2.9%), health services (+2.4%), financial services

(+0.7%), and scientific services (+0.5%) sectors. The largest declines were found in oil & gas (-30.7%), wholesale trade (-9.9%), information (-9.0%), leisure services (-8.5%), food services & administration (-6.2%), administrative support (-6.1%) and manufacturing (-6.0%). Positive Oklahoma City metro job growth in 2021 is expected, with the more optimistic job forecast scenario growing by 3.2% percent or approximately 20,500 jobs by the end of 2021. This growth parallels expectations for the nation. An alternative scenario that models a more pessimistic start to 2021 demonstrates Oklahoma City MSA job growth at 1.5% or just under 10,000 jobs added by the end of the fourth quarter – and overall job totals still below 2019 levels. The local economy remains vulnerable to national and global uncertainties surrounding Covid-19 that may cause a delay in improved economic conditions.

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tax collections remained below prior year for the City of Oklahoma City, but use tax collections increased considerably primarily driven by online retail sales. Sales tax collections by surrounding cities in the metro increased in the second half of 2020 as a result of more people shopping closer to their homes. Cities seeing increases include Norman, Edmond, Moore, Midwest City and Yukon. This follows national trends of suburban communities temporarily benefiting from changes in commuting patterns related to work- from-home policies and fewer opportunities to visit destination retail establishments offered by core cities. According to the Price Edwards 2020 OKC Year End Retail Market Summary, retail vacancy in the Oklahoma City market increased to 9.7% at year end, up slightly from 8.7% a year ago and 9.2% at mid-year 2020. A few select retailers that announced or opened new locations in the Oklahoma City metro in 2020 include Chicken N Pickle, Homeland, Scooter’s Coffee, Blue Zoo, Round1 Bowling & Amusement, Chicken Foot, HTeaO, Phat Tire Bike Shop, Costco, Edmond Railyard, Park 17, Old Navy, Aldi Grocery, Nashbird, Pinkitzel, Shell Belle’s Bakery, Tavola Restaurant, Commonspace Game Café, and Oklahoma Axe Factory.

City region. The largest number of projects by facility type included manufacturing, office, distribution, aviation, and shared-services/call center. The Greater Oklahoma City region was the beneficiary of several new-to-market announcements and significant expansions in 2020. A select group of those announcements are described below. May 2020 brought news of Costco considering Oklahoma City for a back-office / financial services operation that would employ more than 1,000. That ultimately culminated in expanded projections of 1,503 new jobs for the Costco Member Services Center over the next five years and the purchase of the former 234,000 square foot Hertz call center location at 14501 Hertz Quail Springs Parkway in Oklahoma City. Jobs include agents, clerks, administrators, computer and other technical experts, trainers, quality technicians, supervisors and managers. Part-time and seasonal employment opportunities will also be available. Hawaii’s North Star Scientific Corporation (NSS) announced an expansion to Oklahoma City, starting with five employees and plans for 40 jobs at the facility once operations ramp up. NSS designs, develops, and qualifies state of the art electronic systems for

Department of Defense applications and delivers reliable high-performance products and services. They specialize in radar frequency systems designs and rapid research & development/custom solutions. Their offices are located in the Valliance Bank Tower on Northwest Expressway. Amazon also announced plans in December to open a new fulfillment center in 2021, creating more than 500 new full-time OKC jobs in the process. The new facility on S Portland Ave. will have the capacity to serve as a “last-mile” location and handle larger items. Amazon now employs approximately 5,000 people in Oklahoma City. In June, Skydweller Aero Inc. selected OKC for its U.S. corporate headquarters, with plans for 120 engineering and field tech jobs in OKC, along with testing facilities in Ardmore. The company is involved in producing solar powered perpetual endurance unmanned aircraft. Other aerospace news in 2020 included expansion plans from Kratos, which produces unmanned aircraft for the U.S. military. In July, the company announced the award of a five-year indefinite delivery, indefinite quantity contract valued at up to $400 million for the development, integration and prototype air vehicle delivery in support of the U.S. Air Force’s Skyborg program, with much of the work to be done in Kratos’ OKC facility. Malarkey Roofing Products

announced that it will be adding 105 jobs and additional capital investment to its existing facility to address growing business demand. Malarkey is a manufacturer of high- performance residential and commercial roofing products. Heartland Payment Systems, Paycom and Boeing are a few additional existing companies in Oklahoma City to have added jobs in 2020 or to have announced plans to add jobs. Retail successes For the seven-county Oklahoma City metropolitan area, 2020 total taxable retail sales decreased by 5.5% from 2019 totals. This follows three consecutive years of positive year-over-year percent increases. At approximately $22.6 billion, the Oklahoma City metro accounts for more than 43% of the taxable retail sales for the entire state of Oklahoma and 36% of the state’s population. This continues to make the Oklahoma City metro a driving force for retail trade in the state. Destination retail strategies and shop local campaigns continue to be important to produce increased sales tax revenue for the Oklahoma City region. For FY 2020 (July 2019 to June 2020 remittance), sales tax collections for the City of Oklahoma City were relatively flat, down slightly at 1.1% percent over prior year. For the last half of CY 2020 (July 2020 to December 2020), sales

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We believe in bucket lists.

NCI

Leadership Notes

Designated Cancer Center

W hile it might be tempting in this volatile environment to try and avoid all things political, the state legislature is gearing up for the 2021 session and it is vital that the business community stay informed and ready to act. Like last year, we anticipate the legislature to focus first on the budget, with other bills considered. But also like last year, there were some surprises that surfaced, and not all of them were in the best interest of growing our economy. Throughout the session, we send special updates to our Business Advocates. To sign up for this newsletter, visit the Chamber’s online tool at www.okcbusinessadvocate.com. You can also learn more about our legislative agenda and find other useful information to help you get ready to be an advocate for business at the legislature. You can also rest assured knowing that your Chamber is working hard on your behalf. Our team is monitoring bills, attending hearings and working every day with the legislature to make certain Oklahoma’s business climate stays strong, and that legislators understand the impact of the decisions they make. As the pandemic continues to impact the lives of Oklahomans and the business community, it is more important than ever that we put our collaborative spirit to work to find the best solutions for moving our city forward. By working together with our elected leaders, we can address our challenges and create opportunity. I call on every member to be part of that success this year. Reach out and meet your legislator. Let them know you can be a resource and a support as they look for ways to grow our state.

Roy H. Williams, CCE President & CEO

Susan Laurence, Uterine Cancer Survivor OU Health Stephenson Cancer Center

READ ROY’S VELOCITYOKC STORY OF THE MONTH “What conventions and groups are coming to OKC soon?” VELOCITYOKC.COM/ ROYSPICK

Stephenson Cancer Center – a place for transformational care. When Susan Laurence learned she had an aggressive form of uterine cancer, her fear turned to hope after she arrived at OU Health Stephenson Cancer Center. A multidisciplinary team of doctors partnered with her during treatment, including a Phase 1 clinical trial that allows her to live life to its fullest. As Oklahoma’s only National Cancer Institute-Designated Cancer Center, Stephenson Cancer Center provides each pa- tient the most advanced options, while conducting research that will revolutionize the treatments of tomorrow. The future of health is here.

Sincerely,

Roy H. Williams, CCE Chamber CEO & President

OU Health Stephenson Cancer Center 800 NE 10th Street Oklahoma City, OK 73104

To make an appointment or for more information, call (405) 271-1112 or visit us online at StephensonCancerCenter.org

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CALENDAR OF EVENTS

February Chamber Forum to highlight Oklahoma City’s entrepreneurial ecosystem

(Events are subject to change. Consult okcchamber.com/events for the most recent updates.) Feb. 5 Enlighten Noon to 1 p.m. okcchamber.com/enlighten Feb. 9 Member Orientation 8:30 to 10 a.m. okcchamber.com/orientation Feb. 17 Chamber Forum 11:45 a.m. to 1 p.m. okcchamber.com/februaryforum Feb. 23 Creating a Culture of Inclusion 3:30 to 5 p.m. okcchamber.com/diversity Feb. 24 MegaLunch 11:30 a.m. to 1 p.m. okcchamber.com/megalunch Feb. 25 Chairman’s Event Noon to 1 p.m. okcchamber.com/stitt March 5 Enlighten 11:45 a.m. to 1 p.m. okcchamber.com/enlighten2 March 23 Creating a Culture of Inclusion 3:30 to 5 p.m. okcchamber.com/diversity

The state of Oklahoma City’s entrepreneurial ecosystem is the focus for February’s Chamber Forum, which will be held online on Wednesday, Feb. 17, from 11:45 a.m. to 1 p.m. The event will feature a panel discussion on how Oklahoma City is encouraging entrepreneurship, the growth of the community in the past few years, and what Oklahoma City needs to add within its existing communities in order to be more successful. Panelists include Evan Fay, manager of innovation and entrepreneurship for the Greater Oklahoma City Chamber; Nathaniel Harding, managing partner of Cortado Ventures; Jennifer McGrail, director of Launch Pad FT at Francis Tuttle Technology Center; and Tom Wavering, executive director of Tom Love Innovation Hub at the University of Oklahoma. Attendees will also have the opportunity to participate in small group networking, so come prepared to meet

new faces or reconnect with familiar ones. Tickets are $15 for Chamber members and $25 for nonmembers. Chamber Forum half-season ticket packages are still available! Purchase a half-season package of five Chamber Forums of your choice for $75. Register online at okcchamber.com/februaryforum. Special thanks to Presenting Sponsor Cox Business and Corporate Sponsor ADG.

Learn how to implement a DEI program on Feb. 23 The Greater Oklahoma City Chamber and the Urban League of Oklahoma City Inc. are continuing their newly created series to provide practical resources for companies looking to boost their diversity, equity and inclusion. The February Creating a Culture of Inclusion virtual event series will feature Charlene Thomas, chief diversity, equity and inclusion officer for UPS. Thomas will discuss implementing a DEI program at your company or organization at the event on Tuesday, Feb. 23, from 3:30 to 5 p.m. Charlene leads UPS’s global diversity, equity and inclusion efforts both internally and externally with employees, suppliers and customers around the world. Prior to being named chief diversity, equity and inclusion officer, Charlene served as the chief human resources officer. In this role she guided UPS’s transformation and HR initiatives to optimize the talent, leadership and culture for the company’s more than 528,000 employees worldwide. Individual tickets are $25 for Chamber and Urban League members or $40 for nonmembers to each session. To register or for more information, visit okcchamber.com/diversity. Special thanks to Presenting Sponsors AT&T Oklahoma, American Fidelity Assurance Company, Bank of America, The Boeing Company, The Chickasaw Nation and Devon Energy Corporation.

Hear from Gov. Kevin Stitt at upcoming Chairman’s Event Join Governor Kevin Stitt as he discusses his priorities for Oklahoma at the Chamber’s online Chairman’s Event on Thursday, Feb. 25, from noon to 1 p.m. Gov. Stitt will discuss the state’s response to COVID-19, his priorities for education, his goals for economic development and more. Gov. Stitt will also be joined by Chamber Chair Sean Trauschke, OGE Energy Corp., for a Q&A session covering the governor’s opinion on some of the Chamber’s biggest public policy priorities for the coming year. Individual tickets are $20 for Chamber members and $40 for nonmembers. Sponsor ticket packages are available for purchase online. Register online at okcchamber.com/stitt. Special thanks to Presenting Sponsor Cox Communications.

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City council, school board seats to be decided Feb. 9th

Need to network? The Chamber can help

A re you missing networking with your fellow Chamber members and business leaders? While the Chamber’s events are still in a virtual format, the Chamber has many digital networking alternatives to help fill those gaps. Hit your networking goals in 2021 by attending one of the following events: Member Orientation: Feb. 9 Whether you are a new member, new to your company or just need a refresher, Member Orientation is the perfect place to learn about the Chamber’s key initiatives and programs while meeting other members. Register online for this free virtual event at okcchamber.com/orientation. MegaLunch: Feb. 24 MegaLunch is an online speed networking event where you get 90 seconds to pitch your products or services to other professionals from the comfort of your home or office. Using Zoom breakout rooms and a computerized rotation schedule, you will meet many new prospects AND be an expert at promoting your company during five rotations. This members-only event is $15 to attend. Register online at okcchamber.com/megalunch. Enlighten: March 5 The Chamber’s Enlighten event series offers practical and free resources to help boost your business, and

beginning on March 5, it will also include free networking opportunities to help you connect with new people. The event will now use Zoom breakout rooms for an optional, 15 minute networking break at the beginning of the event. Think of it as your virtual “table!” Register online for the March Enlighten at okcchamber.com/enlighten2. Tips to make the most of your online networking experience While meeting people over Zoom can’t replace the in-person networking experience, the following tips can improve your experience: • Turn on your camera to make better connections. • Rename yourself in Zoom to include your full name and company for better exposure. • Use your company logo as your profile photo so that it will be your main image if you ever turn off your camera during the meeting. • When you can’t exchange business cards, use a LinkedIn invite to continue the connection. To make sure you are taking advantage of all networking opportunities included with your membership, or for more ideas on how to connect, contact your membership manager or Sunny Cearley, vice president of membership, at 405-297-8948 or scearley@okcchamber.com.

R esidents throughout the Oklahoma City metro will have the opportunity to vote in important municipal and school board elections on Tuesday, Feb. 9. In Oklahoma City, registered voters in Wards 1, 3 and 4 will be able to vote for their City Council representative, while individuals within the Oklahoma City Public School District will be able to vote for board chairperson and the representatives for Districts 1 and 2. This nonpartisan election will decide who represents those Wards and Districts for the next four years. Turn to page 7 to learn more about these candidates. Other municipal elections in the Oklahoma City metro include those in Bethany, Del City, Edmond, Moore, Nicoma Park, Norman, Purcell and Warr Acres. In addition, the school districts of Crutcho, Edmond, Grove, Putnam City and Riverside. Residents in the Oklahoma Senate District 22 will also be able to vote in the primary election to fill former State Sen. Stephanie Bice’s unexpired term. Bice was elected to represent Oklahoma’s District 5 in the U.S. House of

Representatives in November. Early voting is 8 a.m. to 6 p.m. Feb. 4-5 at your local county election board: • Oklahoma County Election Board, 4201 N Lincoln Blvd., (405) 713-1515 • Cleveland County Election Board, 641 E Robinson Street (Suite 200) in Norman, (405) 366-0210 • Canadian County Election Board, 200 S Bickford Ave. in El Reno, (405) 422-2422 • Pottawatomie County Election Board, 14101 Acme Road in Shawnee, (405) 273-8376. Regular voting is 7 a.m. to 7 p.m. Feb. 9 at your usual polling location. Find your polling location on your voter ID card, or using the voter portal at oklahoma.gov/ elections/ovp. EMBARK bus and OKC Streetcar service will be free on Election Day to help get voters to the polls. Visit embarkok.com or okcstreetcar.com to plan your trip.

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City Council elections draw multiple candidates in Wards 1, 3 and 4

Ward 3 candidates Ward 3 candidates who responded to the Chamber’s survey include Kelli Payne, Barbara Young, Trey Bishop, Jessica Martinez-Brooks and Allen Swanda. Tim Long did not respond. Read a full transcript of their responses at okcchamber.com/ward3. Ward 4 candidates Incumbent Todd Stone will face SamWargin Grimaldo and Larry Hopper at the polls on Feb. 9. All three candidates completed the Chamber survey, and their responses are summarized below. A full transcript of their responses can be found at okcchamber.com/ward4.

Election information All registered voters in Wards 1, 3 and 4 are eligible to vote in the Feb. 9 primary election. If a candidate earns more than half of the votes on Feb. 9, he or she is elected to office. No runoff is necessary. If no candidate earns more than half of the votes on Feb. 9, the two candidates with the most votes advance to the April 6 runoff. The runoff winner is elected to office. In addition to the candidates mentioned, incumbent Councilwoman Nikki Nice was the only candidate who filed to run in Ward 7 and will be automatically reelected for a four-year term.

Ward 1 candidates Ward 1 candidates who responded to the Chamber’s survey include Jay Sherrill, Susan Kay Parisi, Shay Varnell, Bradley Carter, Megan Scott, Joshua W. Debolt, Nana Abram Dankwa and Bill Fleming. Richard Thomas Buchanan did not respond. Read a summary of their responses below, and view a full transcript at okcchamber.com/ward1.

Members of the Oklahoma City Council have a significant impact on the growth of Oklahoma City, making the upcoming municipal election critical to our future. While the Greater Oklahoma City Chamber does not endorse candidates for any city office, the Chamber asked all City Council candidates to complete a survey that would ascertain their stance on criminal justice reform, regional transit initiatives, the MAPS program, economic development programs and more.

Ward 1

Ward 3

Ward 4

Ward 1

Topic

Sherrill

Parisi

Varnell

Carter

Payne

Young

Long

Bishop Martinez- Brooks Swanda Grimaldo Stone (i) Hopper

Chamber

Scott

Debolt Buchanan Dankwa Fleming

Do you support allowing voters to decide whether to tax themselves to build a regional transit/commuter rail system in central Oklahoma (to connect, for example, Norman, Edmond, OKC and Tinker AFB)? Do you support the continued use of the City’s Economic Development Trust to recruit companies to locate in OKC? Do you support the MAPS programs in OKC, a public infrastructure initiative used since 1993 to fund quality-of-life projects and other programs with temporary one-cent sales taxes? Do you support the use of Tax Increment Financing (TIF) Districts to support economic development in OKC? Do you support the use of eminent domain to acquire private property to facilitate the implementation of future MAPS projects? Do you support the state’s Historical Building Tax credit which has been used by the City to renovate buildings such as the Skirvin Hotel? Do you favor a 1 cent increase in the City’s Hotel/Motel tax to promote tourism in OKC?

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J ust before the end of December, two of the region’s biggest developers announced the biggest project of the year. Gardner Tanenbaum and Robinson Park Investments are teaming up to build a 2.7 acre development at the Innovation District. Designed by FSB Architects, the 400,000 sq. ft., pedestrian- centric layout features research labs and office space, a hotel, retail

Mark Beffort, Robinson Park

space, and a public realm providing an open-air community environment. A key feature of the project is the proposed MAPS 4 funded Innovation Hall, a central place where activities to grow Oklahoma City’s innovation economy can be facilitated. The Greater OKC Chamber sat down with Mark Beffort, Robinson Park, to learn more about the plan. Q. This plan is bold - really taking the components in the master plan designed by Perkins and Will to another level. What motivated the partnership to go down this path? A. This originally started when Baker Hughes offered a small portion of their site to Dick Tanenbaum. He and I began looking at the project and thinking about how we could make something work with a single 200,000 square foot building and it just wasn’t enough. When we kept going south and looked at the full project, we realized we could really make something dynamic happen. We are both really excited about the potential the innovation district brings to our market. We didn’t want to just talk about it, we wanted to really executed on the vision for our community. If someone doesn’t take the ball and run with it, it just won’t happen. We believe this needs to happen - so we picked up the ball and we are running as hard and as fast as we can.

Q&A with Mark Beffort about 2.7-acre innovation district development

Development proposed by Gadner Tanenbaum and Robinson Park Investments.

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A view of the proposed development from I-235 and Harrison Ave.

The design of the site is shaped in a V, with OSU at one end of the V and OU at the other, with Innovation Hall very intentionally located at the center. Q. This is a big project with a somewhat specialized tenant base. Many might have expected a national developer to take this on. A. Both Gardner Tanenbaum and Robinson Park Investmentshave national reach and the experience to make this a success. The first key to any development is that it is a marketable project and this definitely meets those qualifications. Then you need capital and expertise. We will bring a local flavor to this that I think is so important, differentiating this from other innovation districts around the country. On the capital side, we have made large commitments to get this done, but we know there are others in the market who want to be involved and be a part of this and we are happy to include them

as well. Add to that the community investment that is part of the MAPS 4 program and I think this will be something we are all proud of when it is finished. Q. What do you anticipate the tenant mix will be for these spaces? A. We are really targeting advanced manufacturing, aerospace and bio-related businesses. We do know that Wheeler Labs will be our first tenant and we are moving ahead with others. The development will have a hotel, a mix of retail and of course the public spaces, including Innovation Hall. We also are hopeful to attract an incubator. We really think the combination of this development and the environment Oklahoma City offers to residents and businesses, we can be a place where companies can attract the best employees and produce high quality products at a lower cost.

Q. Why do you think the innovation district, and this project are important? A. We believe this project will change the fabric of Oklahoma City, in much the same way the Devon Tower accomplished that in downtown. Projects like these bring high quality amenities and spaces. When people interact in collaborative and clustered environments it elevates how they relate to their community and to each other. Q. What influenced the components of your plan and where did you get your inspiration for the development? A. We studied what makes a project like this successful, and one of the key element is having multiple universities working together to foster innovation. Having the presence of Oklahoma State, along with the incredible assets the University of Oklahoma has here, sow those seeds for success.

Q. What is in the first phase? A. We would begin with the first building, which includes underground parking for the full development, the hotel and the public realm, hopefully including Innovation Hall. Q. When are we going to see this vision become a reality? A. We are actively working with potential tenants and believe we will be 60% leased on the first building by the end of May. We are then looking at breaking ground in December. To reach that goal, we have a lot of work going on right now with design and pre-development underway so we can be ready for that launch. We would then be ready in 24 months.

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Discover new marketing solutions for your company

I s your company looking for ways to connect with new people in 2021? Chamber members have the exclusive opportunity to take advantage of premier marketing solutions available through our events, publications, websites and programs. Market your business through newsletters, publications and websites Chamber publications and websites are premium resources for business and individuals looking to learn more about Oklahoma City and get connected within the business community. Businesses that advertise in our publications and on our websites and can get their products and services in front of thousands each month. Current opportunities include Member Spotlights on OKCChamber.com, banner ads on VeloCityOKC.com and ads in The POINT! monthly newsletter and annual Welcome Guide. Get in front of decision makers at events Each year, the Chamber hosts more than 70 events for the business community and the public. From our

monthly Chamber Forums to signature events like State of Health and State of the Schools, Chamber events are where business leaders come to get informed about the issues that have the biggest impact on Oklahoma City. Companies that purchase event sponsorships get recognized on signage, invitations, the Chamber website and more – all while getting their name in front of government leaders, decision makers, the business community and the public throughout the year, maximizing their reach. Some event sponsorships include speaking opportunities, allowing you to present your message directly to our engaged audience. Personalized advice from a team of experts The Greater Oklahoma City Chamber’s membership team is available to help you discover how to incorporate the Chamber’s arsenal of tools into your marketing mix. Get access to the best marketing options for your company today by contacting your membership manager or Sunny Cearley, vice president of membership, at 405- 297-8948 or scearley@okcchamber.com.

Chamber annual membership mailing goes digital

T o better meet the needs of members working remotely during the COVID-19 pandemic, the Chamber’s annual membership mailing will arrive in your email inboxes later this month. These resources, which are exclusive to Chamber members, include the 2021 Public Policy Guide, the 2020 Annual Report and coupons and discounts from Chamber members. The Public Policy Guide includes the Chamber’s 2021 legislative agenda, information about the Greater OKC Chamber Political Action Committee, the 2020 RIED and OKC scores, and contact information for federal, state and local elected officials. Also

included is the 2020 Annual Report, which recaps the Chamber’s accomplishments in economic development, membership, marketing, convention and visitor development, talent development and more. In a separate physical mailing, Chamber members will also receive their 2021 membership sticker or plaque. The coupons will allow Chamber members to enjoy valuable gifts from several Greater Oklahoma City Chamber member companies in 2021, including the National Cowboy and Western Heritage Museum, RIVERSPORT, State Fair of Oklahoma and the YMCA of Greater Oklahoma City.

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Residents in OKCPS district can vote for board chair, District 1, 2 and 7 on Feb. 9

District 1 candidates District 1 candidate Carole Thompson and Brett Hayes responded to the Chamber’s survey. Read full responses at okcchamber.com/district1. District 2 candidates Lori Bowman and James McHenry will face each other at the polls on April 6. Both candidates completed the Chamber survey, and their responses are summarized below. Read a full transcript at okcchamber.com/district2. Election information In addition to the candidates for board chair, District 1, and District 2, incumbent Meg McElhaney was the only person who filed for the District 7 seat. She will be automatically reelected for her next term. All other candidates in a race with more than two people will face each other at the polls on Feb. 9. If no candidate earns more than half of the votes, a runoff election will take place on April 6.

Oklahoma City residents have an opportunity to impact the success of Oklahoma City’s students on Feb. 9 when they vote in Oklahoma City School Board elections. The nonpartisan election will decide the board chair and representatives of Districts 1, 2 and 7 for the next four-year term, which begins in April 2021. While the Greater Oklahoma City Chamber does not endorse candidates for any school board seat, the Chamber asked all candidates to complete a survey that would ascertain their stance on charter schools, the use of TIF funds and more. Read a summary of the responses in the chart below. Chairperson seat candidates Chairperson candidates who responded to the Chamber’s survey include Paula Lewis (incumbent), Charles Henry and Wilfredo Santos Rivera. Read their full responses at okcchamber.com/chairperson.

Chairperson

District 1 Carole Thompson

District 2 Lori Bowman

District 7 Meg McElhaney

Topic

Chamber Wilfredo

Charles Henry

Paula Lewis

Brett Hayes

James McHenry

Santos Rivera

Should OKC Public Schools make Pre-K and Kindergarten available for all children that want to attend? Do you support continuation of existing charter schools within the OKC Public Schools service area? Do you support development of new charter schools within the OKC Public Schools? Do you believe Oklahoma City Public schools should support creation and utilization of Tax Increment Financing to support economic development?

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Yes

Yes

THE POINT - FEBRUARY 2021 20

THE POINT - FEBRUARY 2021 21

ECONOMIC INDICATORS

State of Oklahoma Ranks Top 10 for Lowest Tax Burden

•The State of Oklahoma ranked as the 18th best state in which to do business. •Categories included items such as cost of doing business, competitive labor force, speed of permitting, corporate tax structure and energy costs.

•Area Development Magazine determined the ranking by the result of a recent survey they sent to leading consultants to give their top state picks in 13 categories that impact company location and facility plans.

Lowest Tax Burden States

Rank State Total Taxes as % of Income

Taxes Per Person

Property Tax as % of Income

Income Tax as % of Income

Sales Tax as % of Income

1 2 3 4 5 6 7 8 9

AK 5.04% TN 5.70% WY 6.11% DE 6.17% NH 6.83% FL 6.86% OK 7.19% SD 7.35% MT 7.36% AL 7.37%

$3,030 $2,694 $3,709 $3,260 $4,192 $3,489 $3,295 $3,853 $3,540 $3,147

3.64% 1.69% 3.32% 1.76% 5.47% 2.70% 1.68% 3.01% 3.55% 1.40%

0.00% 0.08% 0.00% 3.23% 0.13% 0.00% 1.93% 0.00% 2.54% 1.94%

1.40% 3.93% 2.80% 1.18% 1.24% 4.16% 3.58% 4.34% 1.26% 4.03%

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist – 405-297-8976; elong@okcchamber.com

Win prizes for telling Oklahoma City’s story!

10

Highest Tax Burden States

Rank State Total Taxes as % of Income

Taxes Per Person

Property Tax as % of Income

Income Tax as % of Income

Sales Tax as % of Income

41 42

CA 9.49%

$6,029 $5,312 $5,746 $6,809 $5,136 $7,985 $5,827 $9,435 $6,755 $8,781

2.64% 4.47% 2.87% 4.98% 4.61% 4.15% 5.12% 4.60% 2.46% 4.41%

3.78% 2.31% 3.69% 2.49% 2.46% 3.64% 2.45% 3.63% 3.10% 4.96%

3.06% 2.98% 3.46% 5.59% 3.45% 2.88% 3.35% 3.40% 6.68% 3.43%

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RI

9.75%

43 MN 10.02%

44

NJ 10.06%

45 MA 10.52%

46 47 48 49 50

CT 10.67% VT 10.92% DC 11.63%

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HI

12.23%

NY 12.80%

UnitedWayOKC.org

Sources: U.S. Census Annual Survey of State and Local Government Finances (2018 Tables released Nov 2020); internal research by HireAHelper.com

THE POINT - FEBRUARY 2021 22

THE POINT - FEBRUARY 2021 23

2021 OFFICERS

THE POINT! ISSUE #3552 - February 2021 Editorial staff: Nate Fisher and Cynthia Reid Designer: Josh Vaughn 297-8900 thepoint@okcchamber.com okcchamber.com twitter.com/okcchamber facebook.com/okcchamber The Point (ISSN 1075-6264) is published monthly by the Greater Oklahoma City Chamber, 123 Park Avenue, Oklahoma City, OK 73102.

JENNY LOVE MEYER Love’s Travel Stops and Country Stores Vice Chair, Marketing and Communications J. LARRY NICHOLS Devon Energy Corporation Vice Chair, Strategic Planning STEPHEN M. PRESCOTT, M.D. Oklahoma Medical Research Foundation Vice Chair, Bioscience and Technology NATALIE SHIRLEY National Cowboy & Western Heritage Museum Vice Chair, Convention and Visitor Development KENT SHORTRIDGE Oklahoma Natural Gas Company Vice Chair, Economic Development ROY H. WILLIAMS, CCE Greater Oklahoma City Chamber President & CEO

STEVE HAHN AT&T Oklahoma Vice Chair, Membership

SEAN TRAUSCHKE OGE Energy Corp. Chair PERCY KIRK Cox Communications Immediate Past Chair JOHN HART Continental Resources Treasurer

JUDY J. HATFIELD, CCIM Equity Commercial Realty, LLC Vice Chair, Military and Aerospace RHONDA HOOPER Jordan Advertising Vice Chair, Business and Economic Inclusion BRADLEY W. KRIEGER Arvest Bank Vice Chair, Government Relations BILL LANCE The Chickasaw Nation Vice Chair, Community Initiatives TOM J. MCDANIEL American Fidelity Foundation Vice Chair, MAPS Development

WELCOME NEW MEMBERS

DAVID E. RAINBOLT BancFirst Corporation Corporate Secretary CLAYTON I. BENNETT Dorchester Capital Vice Chair, Strategic Planning TERESA ROSE CROOK Communities Foundation of Oklahoma Vice Chair, Education DAVID HAGER Devon Energy Corporation Vice Chair, Forward Oklahoma City

COR E Comfort Homes (Midland Construction LLC) Home Builders Mr. Massoud Torbati.............. 476-9997 P.O. Box 31623 COR E Peopleready Skilled Trades Employment Resources Mr. Isaiah Manzanares.......... 446-6385 145 NE 23rd St. Oklahoma City, OK 73105-3003 skilled.peopleready.com Edmond, OK 73003-0028 www.comforthomesok.com

COR E TimberCraft Homes LLC Home Builders Mr. Shawn Lawrence............. 513-5710 13909 Technology Drive, Suite B Oklahoma City, OK 73134-1057 www.timbercraft.co

P A R T N E R + Centene

ADV I SOR Chaparral Energy Oil & Gas Exploration & Production Mr. Chuck Duginski. .............. 478-8770 4700 Gaillardia Parkway, Suite 200 Oklahoma City, OK 73142-1839 www.chaparralenergy.com A S SOC I A T E Crown Castle Telecommunications Services Mr. Phillip K. Brown...... (615) 771-1240 370 Mallory Station Road, Suite 505 Franklin, TN 37067-2862 www.crowncastle.com

Insurance Agents, Brokers and Service Mr. Zane Yates.............. (314) 519-2036 7700 Forsyth Blvd. St. Louis, MO 63105 www.centene.com ADV I SOR ASM Global-Oklahoma City Convention Center Meeting / Banquet Facilities Mr. Al Rojas........................... 768-4037 500 S Robinson Ave. Oklahoma City, OK 73109 www.okcconventioncenter.com

e-mail thepoint@okcchamber.com.

Advertising rates upon request. Publisher reserves the right to refuse any advertising.

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THE POINT - FEBRUARY 2021 24

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