Oklahoma

State Profile

Located in the south central region of the United States, Oklahoma is one of the nation’s most attractive centres for global business opportunities. Oklahoma is a major producer of natural gas, oil and agriculture and enjoys a diversified economic base of aerospace, traditional and renewable energy, advanced manufacturing and biosciences. The state was recently ranked No.1 in Cost of Doing Business and No.3 in Cost of Living by America’s Top States for Businesses (CNBC).

A BRIEF HISTORY
Formed by the combination of Oklahoma Territory and Indian Territory on 16 November 1907, Oklahoma was the 46th state to enter the union. Our state capital and largest city, Oklahoma City, is the only state capital in the world with an oil well drilled beneath it. Oklahoma, comprised of 77 counties, covers nearly 70,000 square miles making it the 20th largest state in the nation.

GLOBAL BUSINESS LOCATION ASSISTANCE
Expanding or relocating an international business to a new market demands speed and flexibility. Oklahoma’s unique Foreign Direct Investment Team specialises in expediting the site selection process and providing confidential one-stop assistance.

Our services include:

• Expert, global business professionals
• Personalised, coordinated site visits
• Customised incentive analysis
• Visa assistance
• No-cost/low-cost training assistance
• State and local partnerships
• Export assistance
• Supplier/partner identification
• Workforce recruitment and hiring
• Regulatory and permitting assistance
• Foreign entrepreneur support

CULTIVATING THRIVING INDUSTRIES
Oklahoma is a major producer of natural gas, ranked fourth largest in the nation. It was ranked fifth in crude oil production in 2012, and has five operating refineries with a combined daily capacity of over 500 thousand barrels a day. Oklahoma has 21,637 miles of Natural Gas pipeline, the third highest in the US. With this long-known oil and gas legacy, the state has also emerged as a major market for the renewable energy industry.

Oklahoma continues to be a leader in aerospace/defence with more than 1200 aerospace-related companies throughout the state. Oklahoma is one of only seven global aerospace hubs, and home to the largest military and commercial aircraft Maintenance, Repair and Overhaul (MRO) operations in the United States.

Oklahoma is at the epicentre of innovation in Unmanned Aerial System (UAS) technology and applications. Research and technology, access to restricted airspace and infrastructure, position the state to meet future UAS needs for a multitude of applications.

COMPETITIVE COST OF DOING BUSINESS
Oklahoma is nationally recognised for creating and maintaining a dynamic pro-business environment. The state’s strategic central location, ample supplies of low-cost energy, below average land and construction cost, exceptional business incentives and low overall individual and corporate tax burdens are just some of the factors that make the cost of doing business in Oklahoma among the best in North America.

OKLAHOMA KEY INDUSTRIES:
• Aerospace and Defence
• Energy
• Agriculture and Biosciences
• Information and Financial Services
• Transportation and Distribution

OKLAHOMA BY NUMBERS:
• Population – 3.9 million
• Employment – 1.78 million
• Location – South Central US
• Geography – 68,594 square miles
• Metros – Oklahoma City (pop. 1.3 million), Tulsa (952,000)
• GDP – $156.8 billion
• Exports – $220 billion
• Imports – $187 billion

Further Information

For more information, contact:

Jennifer Springer
Oklahoma Department of Commerce
900 North Stiles
Oklahoma City, OK 73104

Tel: +1 405-815-5158
Email: jennifer_springer@OKcommerce.gov
Website: www.OKcommerce.gov

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