SELECT 2024 ANNOUNCEMENTS FROM CHAMBER-ASSISTED COMPANIES 2024 was the final year of a four-year economic development program called Forward Oklahoma City VI. This is the sixth iteration of the Forward campaign that has provided longer term strategic planning to the region’s economic development initiatives over the past thirty years. In 2024, 100 Chamber-assisted companies announced plans for the creation of 5,888 jobs with an annual average salary of $61,029. In addition, those same companies announced more than $664 million in capital investment and $359 million in payroll. Over the past four years, 20,481 jobs have been announced with $1.1 billion in payroll and $8.5 billion in capital investment. This continues to build upon the success of the prior Forward Oklahoma City campaign (FOKC V 2016-2020), that resulted in 23,914 jobs with payroll in excess of $1.2 billion and $2.2 billion in capital investment. • Asco Aerospace - Aerospace manufacturer expanding, adding 160 jobs in Stillwater • MyDefence A/S - Aerospace technology manufacturer from Denmark developing defense software adding 48 jobs in OKC • Kingspan - Building materials manufacturer from Ireland adding 75 jobs and substantial capex in Stillwater • Nortek Data Center Cooling - HVAC commercial and industrial manufacturer that builds data center cooling solutions is expanding in Oklahoma City adding 400 jobs • Averitt Express - Freight transportation and supply chain service provider expanding in Oklahoma City adding 31 jobs • RedW Advisors & CPAs - Professional service company is expanding in Oklahoma City adding 20 jobs • Vortex Doors - Garage door and gate manufacturer is expanding in Oklahoma City adding 30 jobs • Project Mach I - company expanding in Oklahoma City adding 2,000 jobs WHAT TYPES OF COMPANIES ARE LOOKING AT THE GREATER OKLAHOMA CITY REGION? In January 2025, the Greater Oklahoma City Partnership reported 95 companies currently considering relocating or expanding in the region. Of those companies, three out of five are in manufacturing. This reinforces what we are seeing nationally where companies are reshoring operations to improve supply chain logistics and move to lower cost markets. Aerospace and distribution projects continue to have strong interest in OKC. The number of office projects continue to be in decline due to structural changes in how and where people work.
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2025 ECONOMIC OUTLOOK
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