Oklahoma is attracting thousands of new residents each year, drawn by its affordable housing, job opportunities, and quality of life. In 2023 alone, more than 25,000 people moved to the state, according to a recent migration study by StorageCafe using the latest U.S. Census data. This steady influx placed Oklahoma among the top 10 states for net migration.
Oklahoma leads the nation in profit per employee among Fortune 500 companies, according to a DoFollow report using data from the 2024 Fortune 500 rankings.
Oklahoma City officially opened the OKANA Resort and Indoor Waterpark with a ribbon-cutting ceremony, marking a major milestone for the city’s tourism industry and the Chickasaw Nation’s economic development efforts. The $400 million development in the Horizons District, next to the First Americans Museum (FAM), is the largest commercial investment in Oklahoma City history.
The 2024 By the Numbers report from the Greater Oklahoma City Chamber shows that the region continues to experience significant growth and economic expansion. From population increases to sector growth and improvements in workforce development, the report provides an updated snapshot of the area's ongoing development. Below are some of the key updates:
Canoo Inc. will migrate its engineering workforce to its two established Oklahoma locations, Oklahoma City and Pryor, and will relocate its corporate headquarters from Torrance, California, to Justin, Texas.
Small businesses are the lifeblood of our economy, driving innovation, job creation and economic growth. In 2023, a groundbreaking 5.5 million small business applications were filed, with nearly 1.8 million poised to expand their teams. Oklahoma City reflects the resilience and dynamism of the U.S. entrepreneurial landscape. According to Forbes Advisor's latest analysis, Oklahoma City secures the second least risky spot among the nation's metropolitan areas for small businesses, with a commendable score of 2.51 out of 100.
According to data provided by Gusto, a leading cloud-based HR platform, Oklahoma City experienced a notable surge in job growth, cementing its position as an attractive hub for employment seekers.
The momentum of a rebounding economy and the effects of pandemic-era supplemental income streams set the stage for 2024, according to an economic outlook report released by the Greater Oklahoma City Chamber.
