METROS – POPULATION >2 MILLION

MSAs GROWING >OKC

• I-35 Corridor population over 16 million

• The OKC – Dallas Fort Worth population is near 8 million and accounts for about 30% of the land area for the entire corridor

• OKCDFW portion accounts for nearly $500 billion in production

I-35 CORRIDOR

10-COUNTY ECONOMIC REGION• Population of 1.51 million.• Labor force of 756,000.• The region’s population is

growing by about 2,000 per month, ½ of those in Oklahoma City.

• GMP of over $74 billion and accounts for over half of the Gross State Product for the state of Oklahoma.

• If OKC was a country, it would be the 114th largest economy

• The 10-County region functions as a single labor shed – 50 miles is 50 minutes.

• Average commute times of 21 minutes.

10-COUNTY ECONOMIC REGION

Key Sectors include.• Aerospace• Bioscience• Energy• Manufacturing• Professional Services/ ITOklahoma City

Westgate Site

1970

1972

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

2012

2014

2016

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%4.4%

3.7%

-1.4%

1.7%1.1%

OKC MSA Population 1970-2016

Annual Growth OKC MSA Population

MSA

Pop

ulat

ion

Annu

al G

row

th, %

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

520.0

540.0

560.0

580.0

600.0

620.0

640.0

660.0

-2.8%

-0.2%

2.4%

1.6%2.0%

1.0%1.3%

Oklahoma City Nonfarm Employment

Annual Growth, Percent Nonfarm

Annu

al G

row

th

Empl

oym

ent,

Tho

usan

ds

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

0.0

5.0

10.0

15.0

20.0

25.0

19.0%

15.3%

-6.4%-7.9%

1.9%

Oklahoma City Mining Employment

Annual Growth, Percent Mining

Ann

ual G

row

th

Empl

oym

ent,

Tho

usan

ds

LABOR FORCE MOBILITY AND ACCESSIBILITY

• 2nd largest city in terms of population (118,000)

• Home to the largest university in the state (31,000 enrolled) - critical in supplying future workforce for companies in the region

• Cleveland County accounts for nearly 20% of the labor force for the entire region

• About half of Cleveland County residents commute to businesses located in Oklahoma County

• Over the next 15 years, Cleveland County alone is expected to add nearly 50,000 people

• Oklahoma, Canadian and Cleveland counties will account for 85% of the region’s population growth over the next 15 years

• Cleveland County has the 2nd lowest unemployment rate of any county in the region 3.6% (behind only Kingfisher County)

NORMAN’S IMPORTANCE TO THE REGION

Cleveland County has approximately 400 Office, Industrial, Land, and Retail commercial properties available for sale or lease

• Accessible through NEDC website

Greater Oklahoma City Partnership Region has over 3,600 available commercial listings

• Accessible through OKCEDIS.com, the Partnership sites and building database

• Custom Demographic & Business Reports available for local companies

NORMAN COMMERCIAL PROPERTY

RECENT ACCOLADES• #1 City Worth Moving to Launch a Business

(Entrepreneur)• # 10 for Construction Value, #4 for industrial

construction value (NAIOP)• #1 Best City for Small Tech Market Growth

(CBRE)• #2 Healthiest Housing Market (Wallet Hub)• #6 Best Large City for Manufacturing Jobs (New

Geography)

RECENT ACCOLADES• #3 among Best Cities for Millennials (USA

Today)• #3 for Downtown Employment Growth (City

Observatory)• #11 Most Diversified Economy (out of 350

MSAs) (Wallet Hub)• #4 Lowest level of Income Inequality Among

Major MSAs (Brookings)• #1 for Women Entrepreneurs (Merchant Cash USA)• #7 Best Metro for STEM Professionals (WalletHub)

THANK YOUKurt ForemanExecutive Vice President, Economic DevelopmentGreater OKC Chamber(405) 297-8945kforeman@okcchamber.com