2021 April POINT!

GRAND OPENINGS

ECONOMIC INDICATORS

Congratulations to Chamber members on their recent Grand Openings! To see the schedule of upcoming Grand Openings or subscribe to the Grand Openings calendar, visit okcchamber.com/grandopenings.

Oklahoma City Ranks #3 Lowest Cost of Doing Business Among Large Metros Cost of Doing Business - Cities Over 1 Million Population

Peaceful Family Solutions 11 Burton Place Edmond, OK 73013 BOK Financial Insurance 499 W. Sheridan Ave., Suite 2700 Oklahoma City, OK 73102 PureVida Water 3000 W. Memorial Road, Suite 123-714 Oklahoma City, OK 73120

Embassy Suites by Hilton OKC NW 3233 N.W. Expressway Oklahoma City, OK 73112 The Foundation for Oklahoma City Public Schools ReadOKC Little Free Library 300 SW 7th St. Oklahoma City, OK 73109 OU Physicians, Waterview Park

City

Overall Cost Rank

Energy Cost Rank

Tax Cost Rank

Office Rent Rank

Labor Cost Rank

Buffalo, NY Raleigh, NC

1 2 3 4 5

13

52 23

1

1 6

2

17

2607 SW 119th St., Suite B Oklahoma City, OK 73170

Oklahoma City, OK

1

3

10 26

39

Charlotte, NC Louisville, KY

3

24 30

9

16

3

19

Member Upgrades The following member companies increased their investment in the Chamber, demonstrating strong support of the Chamber’s efforts to drive the region’s economy. To increase your investment, contact the membership division of the Chamber at 405-297-8949 or membership@okcchamber.com.

Source: Moody’s North American Business Cost Review, 2020. A rank of 1 is most favorable.

• The Moody’s North American Business Cost Review analyzed 53 Metro areas over 1,000,000 people and ranked various costs associated with doing business. •Oklahoma City was ranked as 3rd overall for the lowest cost of doing business, as well as 1st for lowest energy costs.

• Ranking 3rd for lowest tax costs, Oklahoma City has a tax structure that is both simple and effective while being business-friendly. •While our labor costs rank around the middle of the pack, it’s a necessary tradeoff for our low unemployment rate of 4.7%.

She’s One Bruise Away From Abuse. When crisis strikes, we’re one helping hand away.

EME RG I NG L E AD E R Mason Realty Investors, LLC Engineers - Consulting Mr. Steve Mason. ....... 640-1328 1015 N. Broadway Ave., Suite 130 Oklahoma City, OK 73102-5849

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

UnitedWayOKC.org

THE POINT - APRIL 2021 24

THE POINT - APRIL 2021 25

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