Greater Oklahoma City Chamber - The ePoint! E-Mail Newsletter

The ePoint! E-Mail Newsletter

 
 
 
 
 
 
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In this issue:

900 new jobs and other good news for Oklahoma City’s economy

Hear about the aerospace defense industry

Schmooze with us

Shopping for retail news in Oklahoma City

Let’s talk about the economy

Vote Nov. 4 for OKC’s continued growth

OKC Events and Shows

In case you missed it

In the headlines

 

 

900 new jobs and other good news for Oklahoma City’s economy

The Boeing Co. is bringing at least 900 new jobs to Oklahoma City as it consolidates defense services and support-related activities from Washington state to other locations.

Boeing’s Defense, Space & Security Division is moving its services and support work for Airborne Warning and Control Systems, Airborne Early Warning & Control and the F-22 Raptor primarily to Oklahoma City and St. Louis but also to Jacksonville, Fla., and Patuxent River, Md.

That recent announcement comes in the middle of other good news about Oklahoma City’s economy, which grew 3.9 percent from 2012 to 2013, according to information from the Bureau of Economic Analysis. The 3.9 percent growth in GDP (Real GDP in chained dollars) is more than double the average among U.S. metro areas. This number, as well as data from the last three years, show that Oklahoma City is one of only three large metropolitan areas that had an average annual growth rate in Real GDP of more than 3.5 percent in that time frame.

“It’s a really good club to be in,” the Chamber’s research economist, Eric Long, told The Oklahoman.

Here are some additional rankings recently culled by the Greater Oklahoma City Chamber’s research economist team:
  • Oklahoma City ranks No. 7 among cities where per capita income is rising the most, with an increase of 7.5 percent in the city’s real GDP growth per capita. Forbes.com reported these numbers from the Bureau of Economic Analysis. These numbers also show Oklahoma City is one of the seventh largest metropolitan areas with decreases in poverty. In addition, Chamber research shows that the metro area reached parity with the United States in 2011 for the first time since 1984, and income in the Oklahoma City MSA (Metropolitan Statistical Area) has risen by more than 15 percent since 2009, the third highest per capita income growth among large nations.
  • Oklahoma ranks No. 1 in manufacturing earnings growth of durable goods, according to the Bureau of Economic Analysis. Oklahoma had the largest percentage increase, at 4.1 percent.
  • The Oklahoma City MSA recorded the second lowest unemployment rate – 4.4 percent – of any large city (a population of 1 million or more) in the United States in August, the most recent statistic available. Only Minneapolis had a lower one, at 3.8 percent.
  • The Oklahoma City MSA population is 1.3 million, marking a nearly 5 percent growth since 2010. From 2010 to 2013, the Oklahoma City metro ranks in the top 10 for population growth among large metros. In the last year, the metro area posted a 1.7 percent population gain, which is more than double that of the nation.
 

 

Hear about the aerospace defense industry

 

Aerospace has played a key role in Greater Oklahoma City’s economy for more than 70 years. Learn about the importance of the aerospace and defense sectors to Oklahoma and its future during the annual State of the Aerospace lunch from 11 a.m. to 1 p.m. Monday, Oct. 27, at the Skirvin Hilton Hotel, 1 Park Ave.

Speakers are Oklahoma Congressman Jim Bridenstine; Lt. Gen. Bruce Litchfield, commander of the Air Force Sustainment Center at Tinker Air Force Base; and Steven Goo, who is vice president of Aircraft Modernization and Sustainment and Oklahoma City site leader for The Boeing Co.

Tickets are $40 for Chamber members and $60 for nonmembers. Members of the Tinker Leadership Community (TLC) can attend free.

Register. Post about the event or follow it on Twitter at #OKCaero.

Thanks to Signature Sponsor, The Boeing Co.
 

 

Schmooze with us

 

Come to State Fair Park on Thursday, Oct. 30 for some networking fun at the Chamber’s popular SchmoozaPalooza.

From 4 to 7 p.m. in the Travel and Transportation Building, 3200 Stagecoach, stop by SchmoozaPalooza to connect with all the people who might lead to your next sale, your next business deal or the next tool that you need for your company’s business. While there, sample food from 20 restaurants and participate in a costume contest to win $100.

This Halloween-themed trade show is the best way to network in a relaxed atmosphere with live music, door prizes and more.

Start schmoozing today – use the hashtag #SchmoozaPalooza and follow the Greater OKC Chamber on Facebook and Twitter. Text GHOST to 71441 to win prizes.

Buy tickets for $10, which includes one drink ticket. Exhibitor booths are still available for $300..

Thanks to Signature Sponsor Verizon and Host Sponsor Oklahoma State Fair, Inc.
 

 

Shopping for retail news in Oklahoma City

 

Oklahoma City’s retail scene has evolved over the last 10 years. More national retailers are taking notice of Oklahoma City’s buying power and local entrepreneurs and districts are creating new concepts – and success stories. Attend the Chamber’s Friday Forum on Nov. 7 to learn about the retail recruiting process, what makes OKC attractive and what future development we can expect during a panel discussion about past, present and future retail plans.

The Friday Forum will be from 11:30 a.m. to 1 p.m. at the Central Oklahoma Home Builders Association, Inc., 430 E Britton Road.

Panelists for the event include: Jim Clark, B.C. Clark Jewelers; Jessica Stetler, Quail Springs Von Maur Store Manager; Tammy Fate, Greater Oklahoma City Chamber Retail Development & Recruitment Manager; and Jim Parrack, Price Edwards & Company Senior Vice President of Retail.

Register.

Thanks to Signature Sponsor Cox Business.
 

 

Let’s talk about the economy

 
   
Join The Greater Oklahoma City Chamber, the region’s leading economic development organization, for the third annual State of the Economy Event on Nov. 19.

Keynote speaker during the lunch will be Lawrence Chimerine, Ph.D., who will discuss the current economic and business situation in the United States and in major foreign markets, as well as the short- and long-term outlook for U.S. and global economies. Chimerine is president of Radnor International Consulting, Inc., and partner at Miller Investment Management. For more than 19 years as an economic consultant, he has lent his advice and council to an impressive resume of major Fortune 500 companies, financial institutions and government agencies. At the chamber’s State of the Economy event, he also will analyze key factors that will impact economic and business performance in the years ahead.

Following his talk will be a discussion and audience Q&A with local economists on trends in the local and regional economy. They are:
  • Russell Evans, Ph.D.; Director of Steven C. Agee Economic Research and Policy Institute, Assistant Professor of Economics
  • Robert Dauffenbach, Ph.D.; Senior Associate Dean for Economic Development and Impact Director of Center for Economic and Management Research
  • Dan Rickman, Ph.D.; Regents Professor of Economics and OGE Energy Services Chair in Regional Economics
  • Mickey Hepner, Ph.D.; Dean, College of Business, University of Central Oklahoma
The event will be from 11 a.m. to 1:30 p.m. at the National Cowboy & Western Heritage Museum, 1700 NE 63rd St.

Register.
 

 

Vote Nov. 4 for OKC’s continued growth

 
Don’t miss the chance this November to pick candidates who will support policies that will advance the economic growth of Oklahoma City.

Election Day is Nov. 4, and to help you decide, you can check out information from the statewide Research Institute for Economic Development (RIED), which identifies elected officials’ votes on issues important to the business community. Alongside the RIED scores, the Chamber also assigns a score to legislators based on issues important to the Greater Oklahoma City region.

Read more, including the scores, in the October issue of the Point. To find out which candidates are running in your district, go online to the nonpartisan Oklahoma Prosperity Project.
 

 

OKC Events and Shows

 
More than 1.4 million feet of recycled lobster-fishing rope, painted with 350 gallons of colorful paint, is on display in a unique sculpture at Campbell Park, at NW 11th Street and Broadway, in Automobile Alley. This Oklahoma Contemporary exhibit, called “Orly Genger: Terra” opened Monday and will be in Oklahoma City through Oct. 1, 2015.

Take a look at some of the conventions and trade shows that Oklahoma City is hosting in the next few weeks, according to the Convention and Visitors Bureau:

Find more from the Convention and Visitors Bureau.
 

 

In case you missed it

 
  • American Airlines’ featured Oklahoma City in its American Way Magazine distributed to all flyers, dubbing Oklahoma City a “Cinderella City.”
  • United Airlines featured Oklahoma City, too, in a 32-page spread on Oklahoma in the Dossier section of Hemispheres magazine
  • “This city lost 1 million pounds – Now it’s redesigning itself to keep them off,” noted FastCompany online. (Fast Co.Exist)
  • Women’s Health Magazine names Oklahoma City one of best five up-and-coming cities for foodies.
  • New York writer is shocked by experience with Oklahoma City cuisine (AP Travel)
  • New York chef inspired by Oklahoma City roots (Food & Wine)
  • The Wall Street Journal wrote about the National Memorial & Museum’s $8 million refurbishing and expansion
  • HGTV’s “House Hunters” comes to Oklahoma City (The Oklahoman and Journal Record)
    • Related: “Oklahoma City housing market steals the show on HGTV’s ‘House Hunters’” (The Oklahoman)
 

 

In the headlines:

 

  • Von Maur is officially open in Quail Springs Mall:
    • “Von Maur prepares for first holiday season in Oklahoma” (The Oklahoman)
    • “New department store could be music to shoppers’ ears” (The Journal Record)
    • “Von Maur opens at Quail Springs Mall in Oklahoma City” (The Oklahoman)
  • “Monumental rope sculpture lassos attention for Oklahoma Contemporary’s future in Automobile Alley” (The Oklahoman)
  • “Density drive: PlanOKC vision hopes to limit sprawl” (The Journal Record)
  • “Oklahoma City Flatiron building facelift continues” (The Oklahoman)
  • “Oklahoma City houses Sonic’s national test kitchen” (The Oklahoman)

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Greater Oklahoma City Chamber
123 Park Ave.
Oklahoma City, OK 73102
405-297-8900
thepoint@okcchamber.com
www.okcchamber.com

 
         
 

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