OKC VeloCity | Blog
Economy

Kingspan to bring 100+ jobs to Stillwater with new manufacturing facility

The Greater Oklahoma City region is experiencing significant growth in Stillwater as it attracts a new global business. Kingspan, a global building materials company known for its high-performance products designed for energy-efficient buildings, is projected to create more than 100 jobs in the coming years. The addition is expected to enhance the community and contribute to regional economic growth.

By Chamber Staff
Economy / September 13, 2024

Visit OKC releases fiscal year 2024 annual report

Visit OKC serves as the official destination marketing organization for the Greater Oklahoma City region. Dedicated to showcasing Oklahoma City as a premier visitor destination, Visit OKC focuses on enhancing the city’s name and elevating its image on a national scale.

By Chamber Staff
Economy / August 28, 2024

OKC voters approve hotel tax increase to boost tourism

Voters in Oklahoma City have approved a measure to increase the city's hotel tax from 5.5% to 9.25%, a move expected to significantly bolster tourism and help our city tell its story. The new rate, effective Oct. 1, 2024, will generate an estimated $11.6 million annually, funding efforts to attract more visitors and support large-scale events.

By Chamber Staff
Economy / August 20, 2024

Visit OKC highlights tourism's role in boosting OKC's economy

A research study conducted by Tourism Economics revealed that in 2023, Oklahoma City welcomed 24.1 million visitors, resulting in an annual economic impact of $4.5 billion. The study traced how visitor spending flows through the local economy, affecting employment, wages and tax revenues. This economic activity generated $358 million in state and local taxes, effectively saving each Oklahoma City resident $1,326 in taxes they would otherwise pay.

By Selena Romero
Economy / August 7, 2024

OKC's housing market booms, ranks 10th fastest growing in U.S.

According to the latest data, Oklahoma City is now the 20th largest city in the nation, with 702,767 residents as of July 1, 2023. The city's strong job market and lower cost of living compared to other urban centers are major draws for new residents. However, this popularity has led to a significant rise in home prices, with median home values soaring by 48% over the same period. Median incomes have increased by 40%, further highlighting the city's economic vitality.

By Selena Romero
Economy / July 31, 2024

Energy FC’s expanded ownership and MAPS 4 stadium set to boost OKC’s community and economic growth

OKC Energy FC is set for an exciting new chapter with an expanded ownership group, now led by Echo holding the majority stake. This significant development aligns with plans for a new stadium, a key project under the MAPS 4 initiative. Energy FC has always prioritized community impact, and the multipurpose outdoor stadium is expected to have a transformative effect on Oklahoma City, providing a versatile venue for events such as festivals, concerts, and, of course, soccer. This contributes to positioning Oklahoma City as a significant destination.

By Selena Romero
Economy / June 10, 2024

Oklahoma City Breaks into Top 10 Least Expensive Cities Nationwide in 2024

Oklahoma City impressively climbed into the top 10 least expensive urban areas nationwide, according to the Q1 2024 Cost of Living Index (COLI) released by the Council for Community and Economic Research (C2ER). With a current cost-of-living index of 83.6, Oklahoma City continues to demonstrate its appeal as an affordable urban center.

By Selena Romero
VeloCity Q&A / December 11, 2018
Rhonda Hooper
President/CEO,
Jordan Advertising
At the Chamber, we're setting the vision. We are working collaboratively with the public and private side of the equation. We're making things happen. Being part of that is amazing.
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