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Point of View : Why a business should invest in Oklahoma.

Contact :   TEL   847-304-4655

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

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Introduction

"Why should a business invest in Oklahoma?"

Oklahoma state economic development professionals who are responsible for the attraction of business investment and providing site selection assistance to executives and their consultants were invited in April 2006 to provide an informative article on this simple topic.

We publish their point of view here for convenient reference.  This reflects their local market knowledge, project experience, and selective facts about their state business environment and the competitive business investment climate in their region as presented below.

Additional comments and research suggestions follow their article.

Who to contact for business investment projects in Oklahoma.

The article below about the competitive site selection advantages for business investment projects, and the support services provided as companies grow in Oklahoma, is from :

John Reid, Manager of Business Development
Marketing & Lead Development
TEL 405-588-5959

Oklahoma Department of Commerce

TEL 800-588-5959    e-mail : Oklahoma Fast Forward Team

www.okcommerce.gov  and  www.ibelieveinoklahoma.com 

Oklahoma : News  - link to state News section for project announcements or other PR

Oklahoma : Buildings and sites  - for commercial real estate searches

Local business clusters can also be researched through our Oklahoma directory of economic development agencies or other directories, including site selection consultants.

Similar articles are also available from other state economic development agencies.

See : The Long List : Why Invest In This Business Location?  and www.OnTheShortList.com

Please contact us for assistance with business expansion project plans anywhere.  Global Direct Investment Solutions is an independent service for executives and their advisors.

Tell us what you need to find for your project, and we will help you in confidence.  Our role is like a concierge who organizes market knowledge and an extensive network of contacts for quick, flexible, and private response to diverse needs through research and well-qualified referrals.

If you find this article or related content to be helpful, please let them know how you found it.  We also welcome comments and suggestions to improve such articles and our research work.

 

Relevant reciprocal links to this article or other content on this website are welcome.

The GUIDE content below reflects our own research work among local areas in the state.

We also make it easy to search the content of fDi magazine - published by FT Business of the Financial Times group.  Try fDi Links, or just pick their "radio button" in the custom Google site search box on the home page at www.OnTheShortList.com or on this website. We handle US advertising sales and related marketing work for fDi magazine.  Refer to our profile of fDI magazine for more information, including highlights of back issues and future editorial and event plans, and examples of past advertisers.

state economic development logo, banner, or thumbnail ad image(s) not available to publish here at this time

Ad Recall : fDi magazine

Executive Summary : Why invest in Oklahoma?

Download WhyOK.pdf copy of this article.    Published May 30, 2006.

GUIDE content : GDI-Solutions
Every day, more and more domestic and international companies are discovering the real Oklahoma. And in the process, they encounter so much more than they ever imagined.

They discover the state’s diverse, natural beauty. The vibrant pace of our cities. The welcoming hospitality of our homes. And the resourcefulness and creativity of our people.

From a skilled workforce and strategic geographic location, to affordable lifestyle and aggressive incentive programs, Oklahoma is a state that understands business and the entrepreneurial spirit.

Area Reports : Field Research

- none at this time

 

Area Profiles : Basic Research

- none at this time

 

Area Surveys : Local Summary

- none at this time

Oklahoma is a state of industrial diversity. Its climate has made it ideal for agriculture, its mineral wealth in oil and gas is legendary, and now the state is becoming a leader in such growth industries of the future as aerospace, weather research, and bio- and nanotechnology.

Oklahoma’s manufacturing base is solid, built on the unbeatable work ethic of its people and the pro-business policies of its government. Thanks to Oklahoma’s central U.S. location in the heart of the NAFTA corridor, the state is ideally positioned to serve as the logistics base of choice for many firms.

More companies are choosing Oklahoma everyday. Why? Because it makes good business sense. In a 2006 report published by Pollina Corporate Real Estate, Oklahoma was among America's Top 15 Pro-Business States overall and third in the nation for its economic development services. The study identified 25 factors -- all controlled by state government -- including taxation, human resources, infrastructure, and economic incentive programs that can positively impact business and job development.

With substantially lower costs of doing business than nearly every other geographic area of the country, generous business incentives, a highly rated workforce and a Right to Work policy, Oklahoma offers what industry needs.

Consultants, other professionals

- business location consultants

- other directories of professionals

 

Available consultant reports

- none at this time

 

Ad Recall - state and local ads

- Oklahoma Ad Recall

 

Event Recall - places to meet

- BIO 2007, Boston www.bio.org

- CoreNet Global Summits - US

One of the best reasons to select Oklahoma for your relocation or business expansion is it's low cost of doing business.  Consider these facts:
  • Oklahoma labor costs run well below the national average.
  • Oklahoma offers abundant local access to reliable and affordable energy sources.
  • Oklahoma has one of the lowest per capita tax rates in the nation.
  • Oklahoma has an overall total cost of business that ranks fifth lowest in the United States.

The Oklahoma Fast Forward Advantage

Relocating or expanding your business to a new site demands speed and flexibility. Let the Oklahoma Fast Forward Team help you find the best site, reap the full benefits of the state’s business incentive offerings, recruit a highly skilled and trained workforce, and ensure that your project completes on time and well within budget.

Through the Oklahoma Fast ForwardTeam, Commerce provides customized relocation and expansion services as well as acts as a liaison between your company and the Oklahoma Tax Commission, Oklahoma Department of Transportation, utility companies, and training and community economic development specialists—just to name a few. From initial site identification to project start-up and beyond, Commerce reduces the red tape, which means your project will complete on time and well within budget.

Tax information

- see our tax directory

 

Governor - see US directory

www.gov.ok.gov

www.state.ok.us

 

Business Incentives

- Oklahoma incentives information

- incentives consultants

- Incentives research sources

 

Oklahoma’s customized business location assistance includes:
  • Site and building identification—Commerce maintains an extensive, up-to-date database of hundreds of available sites and facilities statewide, available in GIS format. Start by visiting the Buildings and Sites page where you'll be directed to the database. Oklahoma's exclusive Site Ready certified sites program offers assurances these properties are ready for your next project.  
  • Labor analysis—The Fast Forward Team provides comprehensive labor market research and wage data information.
  • Workforce recruiting, screening, assessment and hiring—A special team assigned to your company helps screen and identify a start-up workforce.
  • Training assistance—Customized training is provided at no cost to qualifying companies. Ongoing employee and management training can also be provided by the Oklahoma's nationally recognized CareerTech, just one of the few Commerce partners providing services and resources to relocating or expanding businesses.
  • Licensing and permitting—The Fast Forward Team provides a detailed list and background on all necessary licenses and permits required of your company and its suppliers. Commerce also offers guidance in processing these licenses or permits before the deadlines. For example, Commerce in coordination with the Oklahoma Department of Environmental Quality (DEQ), can ensure rapid DEQ permitting for your company and suppliers.
  • Tax incentives and abatements—provides a confidential analysis of all state and local incentives and abatements applicable to your company’s relocation or expansion project.
  • Supplier support—the support and technical assistance provided to your company extends to your suppliers, and when appropriate, your key business partners.

Existing Companies, Clusters

 

Sites, Buildings, Business Parks

- Oklahoma commercial property list

- CRE Search

- Featured properties - none

 

Science Parks and Incubators

- Technology parks directory

 

FTZ's - Foreign-Trade Zones

- FTZ directory

 

BRAC - military base closures

- BRAC directory

 

Rail, Ports, Airports

-

For more information about these services and the variety of resources available, contact the Oklahoma Fast Forward Team today at 800-588-5959.

Labor Market

Demographic and cost data

Utilities information

GIS map presentations

Article provided by :

Leslie Blair
Public Information Officer
Oklahoma Department of Commerce
900 N. Stiles Ave.
Oklahoma City, OK 73104-3234

Phone: 405.815.5320     Toll-free: 800.879.6552
 

www.OKcommerce.gov
www.ibelieveinoklahoma.com 

Please let them know if you found this article to be helpful, or if you have suggestions for improvement.

PR : Project Announcements

- Oklahoma news, press releases

- US South Central Region projects

Tourism

Residential Real Estate

- national directory of resources

 

Professional services directories

- Site selection, location strategy

- Project management

- Corporate real estate

- Property developers

- Human resources

- Logistics

- Tax services

- Legal - international

- Utilities

Latest update to the above article : May 30, 2006.  Requested April 18, 2006 The above is GDI-Solutions content.
If quoting the above material, please cite the state organization and contact as the original source, and that it was found through www.gdi-solutions.com   For more local area information, refer to our Oklahoma directory of economic development agencies and chambers of commerce, or refer to our US South Central Region directory for additional sources of information, including professional service providers in the region.

Questions or Comments?

Contact : Bruce Donnelly

TEL 847-304-4655 Chicago

This article was prepared by professionals who are responsible for the attraction of business investment projects to the state, such as for new offices, factories, distribution centers, etc.  These articles are not edited to reflect our own research, experience, or point of view, nor do we validate the assertions which they have made in the article, or make any warranty about such content.  We provide other content and links through our independent GUIDE research work. Please let us know if there are other topics which you would like these articles to cover, or if you feel that any updates or corrections are needed.  Comments based upon experience as an executive or professional service provider responsible for the planning of investment projects anywhere are welcome.  We also welcome other professional research reports which we can summarize and make available through links to relevant websites where they are published.
Our USA Search feature at www.OnTheShortList.com  can be used to selectively search the websites of US state economic development agencies as a convenient research tool. Similar research tools are the Area Search (areas within states), CRE Search (commercial real estate), Event Search (associations, trade shows), and Media Search (publications).
We also maintain many reference directories of economic development agencies, professional service provides, and topics of common interest for capital investment project planning.

This includes directories of project announcements, property listings, incentives information, labor market information, and many other resources to facilitate project plans.

Our Research directory provides links to many sources of information and data which may be helpful to executives for capital investment project plans and quick reference in general.

The focus of our work, however, is to provide personal response to business enquiries which are relevant to this field.  Please contact us for assistance with business expansion plans.

Feedback from our visitors  (Refer also to our general Guest Book)

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With permission, we may selectively share comments below by executives and professional advisors with relevant experience at the planning and management of business operations in the state.  This includes executives who may have carefully considered potential investment in the state, such as to set up new offices, factories, distribution, R&D operations, etc.

In particular, we welcome comments which provide significant additional insights into the basic question posed by us to the state officials : Why invest in this business location?

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