NEW CONVERGENCE ECONOMY

The economy of the Greater Oklahoma City region is diverse. While federal, state and local government are the largest employers and the oil and natural gas sector generates the largest revenues, the area’s major economic contributors include:

Academia: The University of Oklahoma Health Sciences Center, the anchor academic institution in the Innovation District, is one of only a few academic medical campuses in the country to house a comprehensive set of professional and medical schools, including colleges of dentistry, medicine, nursing, pharmacy, allied health, graduate studies, and public health. Given the interdisciplinary nature of health-related research, having these professional schools clustered in one location—often sharing faculty and funding—is a significant advantage to the region and provides an unprecedented opportunity to link clinical care and research to support commercial activity in the health fields. In addition to OU, the Greater Oklahoma City area is home to 14 other public and private colleges and universities, including Oklahoma State University, Oklahoma City University, and the University of Central Oklahoma. Oklahoma also has a nationally acclaimed Career and Technology system. Combined, these institutions serve well over 130,000 students from high school through graduate school, offering degree programs and training.  Read More…

Aviation & Aerospace: The region has considerable economic strengths in aerospace engineering, led by Tinker Air Force Base, Boeing, Northrop Grumman, and the FAA Academy with the largest concentration of aviation and aerospace firms in the state, the Greater Oklahoma City region’s 236 firms employ 36,600 workers – and growing. Nearly 65 percent of the workforce at Tinker Air Force Base – the largest single site employer in the state – consists of civilian contractors and service providers. Greater OKC now boasts more than 300 public- and private-sector aviation and aerospace firms. Read More…

Bioscience: Oklahoma City’s Bioscience presence is generating national and international attention. The sector employs more than 51,000 statewide. Companies within this industry provide Bioscience goods and services, as well as education and research testing. Undeniably, one of the most significant factors in this area’s biotech boom is the powerful symbiotic relationship between entrepreneurs, clinical researchers, academic investigators, and public and private investors.  Firms in Greater Oklahoma City’s Bioscience sector boast annual revenues of more than $4.1 billion. Read More…

 Energy: Oklahoma City is the Energy capital of the state. Energy accounts for approximately 3 percent of metro employment but more than 10 percent of total compensation. The sector draws its strength from several Energy companies with headquarters in the city, including Fortune 500 energy companies. The Energy sector is growing rapidly, responding to the extraordinary opportunity the industry offers today. Career opportunities in this expanding sector include science streams, such as geology and engineering, as well as business streams, such as human resources and accounting. Read More…

Health Care: As one of the nation’s major centers of healthcare delivery, the Oklahoma City region employs more than 82,000 health care sector workers. Our 36 general medical and surgical hospitals and 9 specialized hospitals combine to offer outstanding healthcare.

Research: The Innovation District concentrates a substantial portion of the city and state’s research and development assets. Three quarters of the entire state’s National Institutes of Health (NIH) investments flow to the district. Drug development is a particular strength within the district in areas focusing on cancer, rheumatology, diabetes, biochemistry, immunology, and hematology, among others. Because the University Research Park, which includes the Oklahoma Medical Research Foundation and the Presbyterian Health Foundation, is located within the district, several large life sciences companies such as Cytovance and COARE Biotechnology are strategically located nearby. Outside of health care, the Baker Hughes/GE Energy Innovation Center, located in the hub of the district, functions as an accelerator and collaborator to technology, academic, and investment partners. The center is focused on supporting the technological ecosystem, encouraging the pursuit of smarter ways to bring energy to the world.

Read more about other industries in Oklahoma City here
Download a full list of major employers here
BRILLIANT: SOARING SCIENCE FROM A RISING BIO CAMPUS

Equidistant from both U.S. coastal bio corridors – frontiers of bioscience are illuminating here. Read more about how this thriving, cosmopolitan capital is an engine of futuristic medicine in the following link.

MOMENTUM BLINDS IN OKLAHOMA CITY FOR BOEING AS IT ORGANICALLY GROWS

Critical mass is an attribute when you are working on growing your business. Boeing Co. has it several years after creating an engineering capability center in Oklahoma City that serves not only the U.S. Air Force, but other Boeing customers throughout the globe.

ALL COMPONENTS OF ENERGY INDUSTRY REPRESENTED IN OKC

Well-known for being a global oil capital, Oklahoma City’s energy industry has developed significantly from its oil-intense beginnings. Hundreds of energy companies here are growing rapidly, responding to the extraordinary opportunity the industry offers today. Importantly, all components are represented – large and small independents, midstream companies, service businesses, startups and spinoffs.