OKC VeloCity | Oklahoma City sees economic and retail growth in the first half of 2018

Oklahoma City sees economic and retail growth in the first half of 2018

By Chamber Staff / Development / August 1, 2018

Oklahoma City continues to draw investment from major companies thanks to its strong business climate, low cost of doing business and continued investment in quality-of-life projects. In May, Amazon announced its first Oklahoma fulfillment center would be located in Oklahoma City.

The company plans to build a 600,000-square-foot, state-of-the-art facility that will employ more than 1,500 people. The facility will be located near Will Rogers World Airport in the Lariat Landing development on South Portland Avenue.

“A facility bringing more than 1,500 new jobs is a monumental announcement,” said Oklahoma City Mayor David Holt. “This is a great day for Oklahoma City and we’re thrilled to welcome Amazon’s investment in our community.

“I’m also thrilled to see this facility plant its flag in south OKC,” Holt continued. “It’s good for the whole city and we look forward to the catalyst we know this project will be for its immediate surroundings in south OKC.”

The center will receive and fulfill customer orders. Employees at the fulfillment center will pick, pack and ship small items to customers such as books, household items and toys. Oklahoma City is also home to an Amazon sorting center, which sorts packaged customer orders by ZIP code to allow for faster delivery.

Oklahoma City’s retail sector, which plays a critical role in funding the city’s core services, has also experienced growth in 2018. According to its most recent sales tax report, the City of Oklahoma City has enjoyed 15 consecutive months of increased sales tax revenue compared to the same months the previous year. In July, sales tax collections were up 21.5 percent compared to the same month in 2017. Sales tax collections fund the City’s core services, public safety, infrastructure improvements and quality-of-life projects.

Adding to that success is the addition of several new names to the Oklahoma City retail scene, including: 

  • Flix Brewhouse, a first-run movie theater that also incorporates a fully functioning microbrewery, locating at a new development at Broadway Extension and Britton Road
  • Life Time Fitness at Quail Springs Mall, an athletic resort with gym equipment, studio classes, a pool, spa services and more
  • Hopdoddy Burger Bar, a burger-and-brews concept restaurant coming to Chisholm Creek
  • Costco, a membership warehouse club, plans to build a 150,000-square-foot store at Western Avenue and the John Kilpatrick Turnpike.

Most recently, Oklahoma City was named as the first Oklahoma location for The Container Store, a retailer that sells storage and organization products. The store will be located on North Pennsylvania near Penn Square Mall and will employ more than 50 people. The store is set to open in September.

 

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