State of the Economy recap: where we’re heading in 2022

Wednesday, January 12, 2022

The Chamber’s annual State of the Economy event brought valuable insight and perspective surrounding Oklahoma City’s industries and how to navigate the future of business.

Our city grew by more than 100,000 residents between 2010 and 2020, making us the 22nd largest city in the United States. With this growth, we’ve seen expansion in the industries of aerospace, manufacturing, film, retail, biotechnology, and more. Additionally, the Chamber and others local organizations have worked together to support the success of new business ideas with accelerator programs like gBeta Oklahoma City.

Last year, the Chamber’s Economic Development team helped 50 companies bring 3,800 to our community. With those jobs came an additional 150 million dollars in payroll and 293 million dollars in capital investment. Though the world remains in a strange place with the ongoing pandemic, Oklahoma City continues to make progress towards an even brighter future.

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Before the event’s keynote speaker, Dr. Bill Conerly, delivered his pertinent address, the crowd gained deeper insight into the regional economy from a panel discussion composed of three economic experts. Panelists included Robert Dauffenbach, Ph.D. from the University of Oklahoma; Russell Evans, Ph.D. from Oklahoma City University’s Meinders School of Business; and Mark Snead, Ph.D. from RegionTrack, Inc. The panel was led by the Chamber’s Vice Chair of Economic Development, Kent Shortridge.

Shortridge opened the panel discussion by asking, “In looking at the state and Oklahoma City metro economies, what are the areas that you are most encouraged about? And, on the flip side where are you most concerned?”

Read the full recap on VeloCityOKC.com