Oklahoma Soars to the Ninth Spot in the 2023 Best States for Manufacturing

In the world of manufacturing, location is everything. It's not just about where a factory stands, but about how a location supports the intricate web of operations, supply chains and market access that are essential to a manufacturing business. Oklahoma has demonstrated remarkable growth and potential in this sector. According to Site Selection Group, Oklahoma is the ninth best state for manufacturing, marking a leap from 11th place in 2022. This achievement underscores the state's growing influence and capability in the manufacturing landscape.

A closer look at the analysis

Site Selection Group, a renowned location advisory, economic incentives and real estate services firm, employs a holistic approach in its analysis. By utilizing innovative tools and comprehensive evaluations, they score and rank states based on variables crucial to manufacturers. This includes factors such as labor volume and skills, operating costs, organized labor presence and accessibility – all pivotal elements in the manufacturing sector.

Why Oklahoma stands out

Oklahoma's rise in the rankings is no mere coincidence. It's a testament to the state's strategic advantages and its commitment to fostering a thriving manufacturing environment.

• Robust labor market: In Oklahoma City alone, the manufacturing sector employs over 34,000 people, accounting for 5% of the metro’s job market. This is reflective of a skilled and ready workforce that is a key asset for any manufacturing venture.
• Cost-effectiveness: Cost efficiency is a significant draw. Greater Oklahoma City boasts business costs that are 15% below the national average and considerably lower than most major coastal markets. This economic environment enables manufacturers to optimize their bottom line and extend their financial reach.
• Strategic location: Geographically, Oklahoma City enjoys a central location in North America. This positioning is strategic for manufacturing businesses, providing equidistance from both coasts and proximity to major trade partners like Canada and Mexico. Additionally, the city's accessibility to major trade hubs and a vast consumer base within 1,800 miles enhances its attractiveness as a manufacturing hub.

Continuous growth and innovation

The manufacturing sector in Oklahoma is not just growing; it's evolving. With over 1,285 payrolled manufacturing business establishments in Oklahoma City, the sector is a hotbed for innovation and development. This dynamism is a critical factor in attracting new investments and sustaining long-term growth in the industry.

The Site Selection process

Site Selection Group’s methodology offers a glimpse into the intricate process of determining the best locations for manufacturing. While the criteria might vary based on specific project needs, common factors like workforce quality, logistics efficiency, business environment, regulatory climate and infrastructure play pivotal roles. Oklahoma's balanced approach in these areas is a key reason behind its impressive ranking.

The future looks bright

Oklahoma's ascent in the manufacturing sector is more than just a current triumph; it's a sign of the state's potential for future growth. With its combination of a skilled workforce, cost-effectiveness, strategic location and a conducive business environment, Oklahoma is well-positioned to continue its upward trajectory in the manufacturing world.