2020 announcements point to positive outlook for OKC

Wednesday, January 20, 2021

by Nate Fisher


Despite the pandemic, OKC saw a number of job-related and company expansion announcements in 2020 that bode well for our economic future. All told, Chamber-assisted companies accounted for 49 new-to-market projects and existing company expansions for a total of 3,866 new jobs, more than $212 million in payroll, average wages of nearly $55k and more than $307 million in capital spending and investment in 2020.

In February, the Hough Ear Institute announced the acquisition of a biotech company based on HEI and OMRF research and drug development that could ameliorate hearing loss. Zillow also published a study that found Oklahoma City was the number 1 city for tech companies to expand.

May brought news of Costco considering Oklahoma City for a backoffice / financial services operation that would ultimately employ more than 1,000. That ultimately culminated in expanded projections of 1,500 new jobs over the next five years, and OKC's final selection for the location of this expansion. The facility is now open.

Read the rest of the story on VeloCityOKC.com.