Greater Oklahoma City Chamber - The ePoint E-Mail Newsletter

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In this issue:

OKC residents vote YES for a safer, better Oklahoma City

Existing companies add 1,047 jobs to economy

Oklahoma City’s convention and visitor industry remains strong

SkyWest maintenance hangar to locate in OKC

Metro 50 Award winners announced

Flashback-Fast Forward: Oklahoma State Fair, Inc.

Welcome new businesses to OKC

Upcoming conventions in Oklahoma City

In case you missed it


 



OKC residents vote YES for a safer, better Oklahoma City

 

On Sept 12, residents of Oklahoma City approved 15 ballot items to invest $1.2 billion in a safer, better Oklahoma City. Comprised of a general election bond package and two sales tax proposals, the approved ballot items will invest $847 million in rebuilding and improving Oklahoma City’s streets, hire 129 more police officers and 57 more firefighters, and improve overall quality of life and city infrastructure by investing in parks, libraries, transit, economic development and more.

Oklahoma City’s average property tax rate will remain unchanged at 16 mills. As of Jan. 1, the new overall sales tax for Oklahoma City will be 8.625 percent, below the state average of 8.86 percent. The temporary penny sales tax extension takes effect Jan. 1, the day after the MAPS 3 penny sales tax expires on Dec. 31. Read more.
 



Existing companies add 1,047 jobs to economy

 

According to the Chamber’s Business Retention and Expansion report, Chamber-assisted companies added 1,047 jobs to the Greater Oklahoma City economy during the 2017 fiscal year. Despite the softening business conditions of last year, Oklahoma City’s existing businesses proved their resiliency and continued to act as the foundation of Oklahoma City’s economy.

Of the 149 companies interviewed during FY17, 96 percent indicated that their company’s employment remained steady or increased during the last three years. During FY17, companies also made capital investments totaling $31,945,000.

While a significant majority of companies interviewed were satisfied with the City’s leadership, many business leaders say much improvement is needed on the state level, especially pertaining to the dangerous rhetoric coming from the state capitol surrounding social and religious issues. Companies would like to see the legislature focusing on issues more pressing to businesses, such as public education or the development of resources to help small businesses grow. Read more.
 



Oklahoma City’s convention and visitor industry remains strong

 

The Oklahoma City Convention and Visitors Bureau (CVB), a division of the Chamber, closed a busy and successful fiscal year for Oklahoma City’s visitor industry on June 30. The CVB’s convention and sports sales team finished the year with 211,158 room nights booked and provided registration/servicing to 280 groups, equine events, conventions and sports activities.

The visitor industry continues to positively impact Oklahoma City’s economy. The CVB estimates that the year-end economic impact for conventions and sports sales in Oklahoma City is more than $139 million. The CVB also developed tentative business for 452 groups totaling 495,972 potential future room nights.
 



SkyWest maintenance hangar to locate in OKC

 
Last month, SkyWest announced that it will locate a new maintenance hangar in Oklahoma City, bringing 375 new jobs to the area economy. The hangar will serve as a regional maintenance facility for the airline’s Bombardier CRJ and Embraer 175 (E175) aircraft and will be one of SkyWest’s largest maintenance facilities.

The 135,000-square-foot building will be located at Lariat Landing, the multi-use development near Will Rogers World Airport. Construction began in July 2017 and the facility is expected to be open for operations in summer 2018. Read more.
 



Metro 50 Award winners announced

 

This month, hundreds of members of the business community will gather to celebrate the region’s fastest-growing privately held companies at the 2017 Metro 50 Awards on Monday, Sept. 25, from 5:30 to 8:30 p.m. at the National Cowboy & Western Heritage Museum, 1700 NE 63rd Street.

This year’s winners generated more than $950 million in combined revenue and employed 2,300 Oklahomans. The companies also represent many sectors of the economy and several metro area communities, including Oklahoma City, Edmond, Norman, Moore, Del City and Chickasha. View an alphabetical list of the 2017 winners and register for the event to see Oklahoma City Mayor Mick Cornett reveal the rankings from No. 50 to No. 1.

Special thanks to Metro 50 sponsors American Fidelity Assurance Company/INSURICA, Bank of Oklahoma, Cox Business, EY, Express Employment Professionals, The Journal Record Publishing Company, OGE Energy Corp. and the Greater Oklahoma City Chamber.
 



Flashback-Fast Forward: Oklahoma State Fair, Inc.

 

When a young Oklahoma City had the opportunity to host the Farmers National Congress in 1907, city leaders were determined to do everything they could to make the convention a success. There was only one stipulation from the convention organizers: they wanted a fall fair so their delegates could see the achievements of agriculture in the new state.

Oklahoma residents pushed for an annual fair as early as 1892, recognizing the impact that the fair could have on the new territory. Convinced of the potential, a coalition of business leaders gathered in the offices of the Chamber on Jan. 18, 1907, to organize a state fair association. After months of planning, the first State Fair of Oklahoma celebrated its opening day on Oct. 5, 1907. Since that time, the Chamber has continued to support the fair as a natural extension of its long history of economic and community development.

In its 110th year, the Oklahoma State Fair continues that tradition today. In addition to the State Fair, which is currently underway, the Oklahoma State Fair Park hosts multiple events throughout the year, leading to more than $320 million in direct spending in FY17.
 



Welcome new businesses to OKC

 

Join the Chamber as it welcomes many new businesses with grand openings. Below is a list of upcoming ribbon cuttings, and you can find a complete list at www.okcchamber.com/grandopenings.

  • Russell Stover Chocolates, 7642 W Reno Ave., Suite D-4-1 (Sept. 28, 4 p.m.)
  • TBS Factoring Service, 7800 NW 85th Terrace (Sept. 28, 5:30 p.m.)
  • Teriyaki Madness, 15124 Lleyton’s Court, Suite 104 (Oct. 2, 11:30 a.m.)
  • LifeShare Foundation, 4705 Northwest Expressway (Oct. 9, 2 p.m.)


 



Upcoming conventions in Oklahoma City

 
The Oklahoma City CVB will welcome the following groups to Oklahoma City in the next few weeks. View a full calendar of upcoming conventions at www.visitokc.com/about/convention-calendar.

  • ASA Men's Class A/Super D National Championship 2017 (Sept. 28 – Oct. 1)
  • Head of the Oklahoma Regatta 2017 (Oct. 5-8)
  • Grand National Morgan Horse Show (Oct. 6-21)


 

 

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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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